FRIvsDFARETF Comparison
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First Trust S&P REIT Index Fund ETF (FRI) and Dimensional US Real Estate ETF (DFAR) belong to the same industry segment: US Real Estate. FRI's top 3 sector exposures are Finance and Utilities. In contrast, DFAR's top sector exposures are Finance FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.19% for DFAR. FRI is up 22.48% year-to-date (YTD) with +$21M in YTD flows. DFAR performs worse with 19.87% YTD performance, and +$102M in YTD flows. Run a side-by-side ETF comparison of FRI and DFAR 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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FRI vs DFAR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI DFAR | +3.10%+2.34% | +8.92%+8.44% | +22.48%+19.87% | +25.77%+19.36% | +43.22%+36.21% | +29.73%n/a |
| Flows | FRI DFAR | +$13M+$11M | +$24M+$27M | +$21M+$102M | +$18M+$204M | +$38M+$781M | +$24M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI DFAR | +15.42%+15.56% | +13.62%+13.92% | +16.80%+16.67% | +18.91%n/a |
| Max drawdown | FRI DFAR | -3.78%-3.22% | -7.64%-8.39% | -18.74%-17.73% | -31.41%n/a |
| Max drawdown duration | FRI DFAR | 13d13d | 44d44d | 434d514d | 1496dn/a |
Trading data
FRI | DFAR | |
Last sale 7/28/2026 at 1:30 PM | $33.17 | $27.36 |
| Previous close 07/28/2026 | $33.18 | $27.26 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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DFAR
is actively managed and doesn’t replicate an indexFRI | DFAR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
FRI | DFAR | |
|---|---|---|
| Last price | $33.17 | $27.36 |
| 1D performance | -0.03% | +0.37% |
| AuM | $202.32 M | $1.82 B |
| E/R | 0.49% | 0.19% |
Characteristics
FRI | DFAR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Dimensional |
| Benchmark | S&P United States REIT Index | - |
| N° of holdings | 126 | 126 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | February 23, 2022 |
| ESG | No | No |
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Exposure
Countries
FRI
USA
95.48%
Other
4.52%
DFAR
USA
99.8%
Other
0.2%
Sectors
FRI
Finance
95.46%
Other
4.54%
DFAR
Finance
99.8%
Other
0.2%
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Diversification
FRI
Total weight of top 15 holdings out of 15
58.76%
DFAR
Total weight of top 15 holdings out of 15
58.1%
Top 15 holdings
Data as of June 30, 2026
FRI
Welltower, Inc.
11.87%
Prologis, Inc.
9.32%
Simon Property Group, Inc.
4.57%
Digital Realty Trust, Inc.
4.30%
Equinix, Inc.
4.29%
Realty Income Corp.
4.21%
Public Storage
3.73%
Ventas, Inc.
3.18%
Iron Mountain, Inc.
2.65%
Extra Space Storage, Inc.
2.27%
VICI Properties, Inc.
2.10%
AvalonBay Communities, Inc.
1.93%
Equity Residential
1.71%
Essex Property Trust, Inc.
1.39%
Kimco Realty Corp.
1.24%
DFAR
Welltower, Inc.
7.84%
Prologis, Inc.
6.37%
Equinix, Inc.
5.31%
Simon Property Group, Inc.
4.73%
Digital Realty Trust, Inc.
4.56%
Realty Income Corp.
4.42%
American Tower Corp.
3.91%
Public Storage
3.85%
Ventas, Inc.
3.26%
Iron Mountain, Inc.
2.92%
Crown Castle, Inc.
2.57%
Extra Space Storage, Inc.
2.34%
VICI Properties, Inc.
2.22%
AvalonBay Communities, Inc.
2.02%
Equity Residential
1.78%
Frequently asked questions about FRI and DFAR
How have the FRI and DFAR ETFs performed in 2026?
As of July 28, 2026, FRI is up 22.48% year-to-date (YTD), while DFAR has returned 19.87%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or DFAR?
Year-to-date, the FRI ETF saw +$21M in flows, compared to +$102M for DFAR.
Which ETF is more volatile: FRI or DFAR?
Over the past year, FRI had a volatility of 13.62%, while DFAR experienced 13.92%.
Which ETF is bigger: FRI or DFAR?
As of July 28, 2026, FRI holds $202.32 M in assets under management (AUM), while DFAR manages $1.82 B.
What sectors do the FRI and DFAR ETFs invest in?
FRI leans toward sectors like Finance. Meanwhile, DFAR focuses on Finance.
What are the top holdings of the FRI ETF and DFAR ETF?
FRI top holdings include Welltower, Inc., Prologis, Inc. and Simon Property Group, Inc.. DFAR holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: FRI or DFAR?
FRI holds 126 securities with 58.76% of its assets in the top 15. DFAR has 126 securities and a top 15 weight of 58.1%.
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Latest news about FRI & DFAR
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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