AVRE vs PYZ

AVREAAvantis Real Estate ETF

PYZBInvesco Dorsey Wright Basic Materials Momentum ETF

In short

AVRE Landlord exposure at index-fund pricing. AVRE holds roughly 300 REITs and property companies worldwide, measured against the S&P Global REIT Index, for 0.17% a year while the typical fund in its active-equity peer group charges far more.

PYZ Materials, ranked by momentum. PYZ scores US basic-materials stocks on relative strength, holds at least 30 of the strongest, and weights them by momentum score rather than market cap. Reshuffled quarterly since 2006.

Stated mandate

AVRE The fund seeks long-term capital appreciation.

PYZ The fund normally invests at least 90% of its total assets in securities comprising its index. The index selects at least 30 Nasdaq US securities showing relative strength, or momentum.

Why people hold it

• AVRE 0.17% a year, a fraction of the median expense ratio in its active-equity peer group. Fees are the one part of a real estate return you know in advance.avantisinvestors.com
• Global by design: US and developed-market property owners across roughly 300 names, so no single office tower or mall operator sets the tone.avantisinvestors.com
• Rent shows up on a schedule. The fund distributes quarterly, and its stated objective is long-term capital appreciation rather than a yield target.avantisinvestors.com
• On cost and structure it sits among the strongest implementations in its peer group, with a clean record: no structural flags, no scoring caps.

• PYZ The index scores materials stocks on relative strength, keeps the 30-plus highest, and lets top scorers carry the biggest weights. Market cap does not set the lineup.sec.gov
• A fresh read four times a year: fund and index are rebalanced and reconstituted quarterly, so names that lose relative strength drop out instead of lingering.sec.govnasdaq.com
• 0.60% net of a waiver through August 31, 2028 (0.79% gross), near the typical cost in its active sector peer group, where it stands in the upper half.
• Trading since 2006, so this momentum rotation has run through multiple commodity cycles. Pays quarterly.

Worth knowing

• AVRE One sector, one story. Real estate reacts hard to interest rates and credit conditions, so this moves on its own schedule versus a broad stock fund.
• Global reach means foreign-currency property markets ride along, adding exchange-rate movement on top of the underlying real estate returns.avantisinvestors.com
• Launched in 2021, so its live history is short next to REIT funds that have been through multiple property cycles.

• PYZ Roughly 40 stocks inside one cyclical sector, tilted toward whatever has been working. That concentration moves harder than a broad-market fund in both directions.
• Momentum reads the past. With the screen on a quarterly clock, a sharp turn in materials can leave last quarter's leaders in the book until the next reconstitution.sec.gov
• One of the smaller and less traded funds in its category, so bid-ask spreads run wider than on mega sector ETFs. Limit orders are the standard tool.

Full AVRE profile⁠

Full PYZ profile⁠