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. Both ETFs have the same top 3 sector exposures: and Real Estate. FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.2% for DFAR. FRI is up 13.39% year-to-date (YTD) with -$3M in YTD flows. DFAR performs worse with 11.01% YTD performance, and +$72M 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 04/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI DFAR | +10.21%+8.99% | +10.20%+8.46% | +13.39%+11.01% | +18.47%+13.10% | +38.83%+29.83% | +30.10%n/a |
| Flows | FRI DFAR | -$3M-$12M | -$8M+$32M | -$3M+$72M | -$4M+$230M | +$10M+$836M | +$68M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI DFAR | +14.23%+14.85% | +13.25%+13.41% | +16.99%+16.76% | +18.98%n/a |
| Max drawdown | FRI DFAR | -7.64%-8.39% | -7.64%-8.39% | -18.74%-17.73% | -31.41%n/a |
| Max drawdown duration | FRI DFAR | 44d44d | 44d44d | 434d514d | 1496dn/a |
Trading data
FRI | DFAR | |
Last sale 5/1/2026 at 5:32 PM | $30.81 | $25.79 |
| Previous close 04/29/2026 | $30.88 | $25.81 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 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 5/1/2026 at 5:32 PM
Live
Closed
FRI | DFAR | |
|---|---|---|
| Last price | $30.81 | $25.79 |
| 1D performance | -0.23% | -0.08% |
| AuM | $165.19 M | $1.66 B |
| E/R | 0.49% | 0.2% |
Characteristics
FRI | DFAR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Dimensional |
| Benchmark | S&P United States REIT Index | - |
| N° of holdings | 112 | 119 |
| 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
96.29%
Other
3.71%
DFAR
USA
98.14%
Other
1.86%
Sectors
FRI
Real Estate
93.43%
Other
6.57%
DFAR
Real Estate
97.66%
Other
2.34%
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Diversification
FRI
Total weight of top 15 holdings out of 15
60.4%
DFAR
Total weight of top 15 holdings out of 15
58.96%
Top 15 holdings
Data as of March 31, 2026
FRI
WELLTOWER INC
11.30%
PROLOGIS REIT
10.09%
SIMON PROPERTY GROUP REIT
4.86%
EQUINIX INC COMMON STOCK REIT
4.84%
DIGITAL REALTY REIT
4.75%
REALTY INCOME REIT
4.64%
PUBLIC STORAGE REIT
3.55%
VENTAS REIT
3.17%
IRON MOUNTAIN
2.43%
VICI PROPERTIES INC
2.39%
EXTRA SPACE STORAGE REIT
2.29%
AVALONBAY COMMUNITIES REIT
1.90%
EQUITY RESIDENTIAL REIT
1.67%
ESSEX PROPERTY REIT
1.28%
WP CAREY INC
1.24%
DFAR
WELLTOWER INC
7.40%
PROLOGIS REIT
6.98%
EQUINIX INC COMMON STOCK REIT
5.29%
SIMON PROPERTY GROUP REIT
4.61%
DIGITAL REALTY REIT
4.58%
AMERICAN TOWER CL A REIT
4.54%
REALTY INCOME REIT
4.45%
PUBLIC STORAGE REIT
3.65%
VENTAS REIT
3.30%
CROWN CASTLE INTERNATIONAL
3.01%
IRON MOUNTAIN
2.58%
VICI PROPERTIES INC
2.49%
EXTRA SPACE STORAGE REIT
2.35%
AVALONBAY COMMUNITIES REIT
1.93%
EQUITY RESIDENTIAL REIT
1.80%
Frequently asked questions about FRI and DFAR
How have the FRI and DFAR ETFs performed in 2026?
As of April 30, 2026, FRI is up 13.39% year-to-date (YTD), while DFAR has returned 11.01%. 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 -$3M in flows, compared to +$72M for DFAR.
Which ETF is more volatile: FRI or DFAR?
Over the past year, FRI had a volatility of 13.25%, while DFAR experienced 13.41%.
Which ETF is bigger: FRI or DFAR?
As of April 30, 2026, FRI holds $165.19 M in assets under management (AUM), while DFAR manages $1.66 B.
What sectors do the FRI and DFAR ETFs invest in?
FRI leans toward sectors like Real Estate. Meanwhile, DFAR focuses on Real Estate.
What are the top holdings of the FRI ETF and DFAR ETF?
FRI top holdings include WELLTOWER INC, PROLOGIS REIT and SIMON PROPERTY GROUP REIT. DFAR holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FRI or DFAR?
FRI holds 128 securities with 60.4% of its assets in the top 15. DFAR has 119 securities and a top 15 weight of 58.96%.
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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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