BYRE vs. SPRE ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to SP Funds S&P Global REIT Sharia ETF (SPRE)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.22

Average Daily Volume

1,086

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRE

SP Funds S&P Global REIT Sharia ETF

SPRE Description

Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is a Shariah-Compliant exchange traded fund launched and managed by Toroso Investments, LLC. It is co-managed by Shariaportfolio, Inc. It invests in public equity markets of global region. The fund invests in stocks of companies operating across real estate, equity investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P Global Sharia All REIT Capped Index, by using full replication technique. The fund does not invest in stocks of companies operating across gambling, alcohol and tobacco sectors. Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$18.76

Average Daily Volume

50,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	SPRE
30 Days	-2.61%	-5.01%
60 Days	-5.69%	-7.90%
90 Days	-2.76%	-3.84%
12 Months	0.46%	-1.61%

3 Overlapping Holdings

Symbol	Grade	Weight in BYRE	Weight in SPRE	Overlap
EQIX	F	5.04%	12.4%	5.04%
REXR	D	5.45%	4.23%	4.23%
TRNO	D	4.44%	2.38%	2.38%

BYRE Overweight 18 Positions Relative to SPRE

Symbol	Grade	Weight
VTR	B	7.71%
INVH	B	7.19%
EXR	C	6.9%
AMT	D	6.42%
SUI	F	5.04%
AMH	D	5.03%
WELL	A	4.96%
VICI	D	4.32%
GLPI	F	4.32%
SBRA	B	4.16%
SBAC	F	4.09%
DLR	B	4.01%
COLD	F	3.88%
NHI	A	3.61%
ARE	D	3.24%
CCI	D	2.69%
DRH	D	2.13%
VAC	C	1.88%

BYRE Underweight 13 Positions Relative to SPRE

Symbol	Grade	Weight
PLD	D	-11.17%
AVB	A	-10.25%
EQR	A	-5.18%
MAA	B	-4.97%
CPT	A	-4.9%
WY	D	-4.89%
ELS	D	-4.74%
CUBE	D	-4.35%
EGP	F	-3.47%
FR	D	-2.84%
RYN	F	-1.92%
PCH	D	-1.52%
IIPR	A	-1.28%

SPRE: Top Represented Industries & Keywords

Industries: REIT - Industrial REIT - Residential Lumber & Wood Production REIT - Diversified