DFARvsFRIETF Comparison
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Dimensional US Real Estate ETF (DFAR) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. Both ETFs have the same top 3 sector exposures: and Real Estate. DFAR is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.49% for FRI. DFAR is up 15.38% year-to-date (YTD) with +$83M in YTD flows. FRI performs better with 15.64% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of DFAR and FRI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFAR vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFAR FRI | +1.56%+1.26% | +6.58%+6.44% | +15.38%+15.64% | +14.78%+16.90% | +35.51%+40.36% | n/a+23.76% |
| Flows | DFAR FRI | +$18M+$11M | +$15M+$3M | +$83M+$8M | +$215M+$9M | +$796M+$28M | -+$76M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFAR FRI | +15.83%+15.16% | +13.57%+13.22% | +16.64%+16.87% | n/a+18.92% |
| Max drawdown | DFAR FRI | -6.28%-5.56% | -8.39%-7.64% | -17.73%-18.74% | n/a-31.41% |
| Max drawdown duration | DFAR FRI | 29d29d | 44d44d | 514d434d | n/a1496d |
Trading data
DFAR | FRI | |
Last sale 6/11/2026 at 1:30 PM | $26.41 | $31.54 |
| Previous close 06/10/2026 | $26.40 | $31.51 |
| Consolidated volume 06/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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DFAR
is actively managed and doesn’t replicate an indexDFAR | FRI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/11/2026 at 1:30 PM
Live
Closed
DFAR | FRI | |
|---|---|---|
| Last price | $26.41 | $31.54 |
| 1D performance | +0.04% | +0.10% |
| AuM | $1.74 B | $179.49 M |
| E/R | 0.2% | 0.49% |
Characteristics
DFAR | FRI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Dimensional | First Trust |
| Benchmark | - | S&P United States REIT Index |
| N° of holdings | 119 | 119 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 23, 2022 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
DFAR
USA
97.91%
Other
2.09%
FRI
USA
93.87%
Other
6.13%
Sectors
DFAR
Real Estate
97.43%
Other
2.57%
FRI
Real Estate
93.38%
Other
6.62%
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Diversification
DFAR
Total weight of top 15 holdings out of 15
58.81%
FRI
Total weight of top 15 holdings out of 15
59.62%
Top 15 holdings
Data as of April 30, 2026
DFAR
WELLTOWER INC
7.47%
PROLOGIS REIT
6.89%
EQUINIX INC COMMON STOCK REIT
5.43%
SIMON PROPERTY GROUP REIT
4.62%
DIGITAL REALTY REIT
4.54%
REALTY INCOME REIT
4.36%
AMERICAN TOWER CL A REIT
4.32%
PUBLIC STORAGE REIT
3.70%
VENTAS REIT
3.27%
CROWN CASTLE INTERNATIONAL
2.96%
IRON MOUNTAIN
2.63%
VICI PROPERTIES INC
2.41%
EXTRA SPACE STORAGE REIT
2.34%
AVALONBAY COMMUNITIES REIT
2.02%
EQUITY RESIDENTIAL REIT
1.84%
FRI
WELLTOWER INC
11.37%
PROLOGIS REIT
10.00%
SIMON PROPERTY GROUP REIT
4.72%
DIGITAL REALTY REIT
4.50%
EQUINIX INC COMMON STOCK REIT
4.49%
REALTY INCOME REIT
4.45%
PUBLIC STORAGE REIT
3.57%
VENTAS REIT
3.16%
IRON MOUNTAIN
2.53%
VICI PROPERTIES INC
2.33%
EXTRA SPACE STORAGE REIT
2.28%
AVALONBAY COMMUNITIES REIT
1.98%
EQUITY RESIDENTIAL REIT
1.70%
ESSEX PROPERTY REIT
1.31%
KIMCO REALTY REIT
1.22%
Frequently asked questions about DFAR and FRI
How have the DFAR and FRI ETFs performed in 2026?
As of June 9, 2026, DFAR is up 15.38% year-to-date (YTD), while FRI has returned 15.64%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: DFAR or FRI?
Year-to-date, the DFAR ETF saw +$83M in flows, compared to +$8M for FRI.
Which ETF is more volatile: DFAR or FRI?
Over the past year, DFAR had a volatility of 13.57%, while FRI experienced 13.22%.
Which ETF is bigger: DFAR or FRI?
As of June 9, 2026, DFAR holds $1.74 B in assets under management (AUM), while FRI manages $179.49 M.
What sectors do the DFAR and FRI ETFs invest in?
DFAR leans toward sectors like Real Estate. Meanwhile, FRI focuses on Real Estate.
What are the top holdings of the DFAR ETF and FRI ETF?
DFAR top holdings include WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT. FRI holds in its top three: WELLTOWER INC, PROLOGIS REIT and SIMON PROPERTY GROUP REIT.
Which ETF is more diversified: DFAR or FRI?
DFAR holds 119 securities with 58.81% of its assets in the top 15. FRI has 119 securities and a top 15 weight of 59.62%.
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Latest news about DFAR & FRI
Exploring Sector Rotation: Value vs. Growth
August 5, 2024
DFAR
Real Estate Sector Declines on Fed Minutes
May 27, 2024
DFAR
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
DFAR
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
DFAR
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Mortgage Funds Take a Nosedive
October 10, 2023
DFAR
Mortgage Funds Take a Nosedive
October 10, 2023
DFAR
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