BWTG vs PGZ
Brendan Wood TopGun ETF vs Principal Real Estate Income Fund
Which is better, BWTG or PGZ?
BWTG has been ahead.
BWTG has a lower expense ratio. BWTG led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWTG | PGZ |
|---|---|---|
| Expense Ratio | 0.95%Best | 2.16% |
| AUM | $21M | $69M |
| Dividend Yield | 0.33% | 12.28% |
| Holdings | 42 | 110 |
| YTD Return | +5.61%Best | -4.14% |
| 1Y Return | +10.02%Best | -4.95% |
| 3Y Return (annualized) | +19.00%Best | +10.97% |
| 5Y Return (annualized) | - | -0.32% |
| Volatility (annualized) | 11.8%Best | 13.3% |
| Max Drawdown | -13.2%Best | -20.0% |
| $10,000 over 2.9 years | $16,561Best | $13,723 |
| Fund Family | Brendan Wood TopGun | Principal Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 9, 2023 | Jun 26, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Oct 14, 2026 (2.9 years).
BWTG vs PGZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
BWTG vs PGZ Performance
Brendan Wood TopGun ETF (BWTG) is an ETF from Brendan Wood TopGun and Principal Real Estate Income Fund (PGZ) is an ETF from Principal Funds. Over the past year BWTG returned +10.02% while PGZ returned -4.95%. Year to date, BWTG is up 5.61% versus a loss of 4.14% for PGZ.
Over three years, BWTG compounded at +19.00% per year against +10.97% for PGZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGZ has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 11.8% for BWTG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for BWTG and -20.0% for PGZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BWTG charges 0.95% per year while PGZ charges 2.16%. On a $10,000 position that is $95 vs $216 annually, a gap of $121 per year that compounds over a long holding period. On income, BWTG currently yields 0.33% against 12.28% for PGZ.
Holdings Overlap
At least 14.0% of BWTG's money is in holdings PGZ also owns.
Stated as a floor: for PGZ, our book for it covers 59.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
BWTG and PGZ share little of their money.
The two holdings books were reported 244 days apart, BWTG as of Oct 2, 2026 and PGZ as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 20 positions we hold weights for in BWTG and 61 in PGZ, against full books of 42 and 110.
You are not choosing between two funds in isolation.
Whichever of BWTG and PGZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWTG or PGZ?
BWTG has an expense ratio of 0.95% while PGZ charges 2.16%. BWTG is the cheaper option, by $121 a year on a $10,000 investment.
Which performed better, BWTG or PGZ?
Over the past year BWTG returned +10.02% vs -4.95% for PGZ, so BWTG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWTG or PGZ?
PGZ has been the more volatile fund at 13.3% annualized versus 11.8% for BWTG. Worst drawdown: BWTG -13.2% vs PGZ -20.0%.
Should I hold both BWTG and PGZ?
BWTG and PGZ have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWTG and PGZ?
At least 14.0% of BWTG's money is in holdings PGZ also owns. Our book for PGZ is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 20 positions we hold weights for in BWTG and 61 in PGZ.
Which pays a higher dividend, BWTG or PGZ?
BWTG yields 0.33% while PGZ yields 12.28%, so PGZ currently pays the higher dividend yield.
Is PGZ better than BWTG?
BWTG has a lower expense ratio. BWTG led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.