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FRIvsFPROETF Comparison

ETF 1

FRI

First Trust S&P REIT Index Fund ETF

This fund is part of

US Real Estate

+0.68%

Full FRI fund page

VS

ETF 2

FPRO

Fidelity Real Estate Investment ETF

This fund is part of

Uncategorized Equities

-0%

Full FPRO fund page

First Trust S&P REIT Index Fund ETF (FRI) belongs to the US Real Estate segment. Fidelity Real Estate Investment ETF (FPRO) is part of the Uncategorized Equities segment. FRI's top 1 sector exposures are Finance. In contrast, FPRO's top sector exposures are Finance and Technology. FRI is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.57% for FPRO. FRI is up 13.5% year-to-date (YTD) with +$27M in YTD flows. FPRO performs worse with 11.32% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of FRI and FPRO 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 FPRO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FRI FPRO	-3.09%-1.82%	-1.85%-2.12%	+13.50%+11.32%	+13.09%+8.81%	+37.53%+32.85%	+20.58%+9.53%
Flows	FRI FPRO	-$2M-	+$20M-$622K	+$27M+$1M	+$24M+$58K	+$41M-$591K	+$18M-$814K

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FRI FPRO	+13.91%+14.35%	+13.24%+13.56%	+16.76%+16.57%	+18.84%+18.83%
Max drawdown	FRI FPRO	-7.74%-6.51%	-7.74%-7.71%	-18.74%-16.55%	-31.41%-33.01%
Max drawdown duration	FRI FPRO	46d47d	46d44d	434d511d	1496d1565d

Trading data

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	FRI	FPRO
Last sale 9/11/2026 at 1:30 PM	$30.86	$24.42
Previous close 09/10/2026	$30.76	$24.22
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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FPRO

is actively managed and doesn’t replicate an index

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	FRI	FPRO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	FRI	FPRO
Last price	$30.86	$24.42
1D performance	+0.33%	+0.83%
AuM	$193.63 M	$15.87 M
E/R	0.49%	0.57%

Characteristics

	FRI	FPRO
Management strategy	Passive	Active
Provider	First Trust	Fidelity
Benchmark	S&P United States REIT Index	-
N° of holdings	121	107
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	May 8, 2007	February 2, 2021
ESG	No	No

More FRI data on Trackinsight

More FPRO data on Trackinsight

Exposure

Countries

FRI

USA

95.67%

Other

4.33%

FPRO

USA

99.96%

Other

0.04%

Sectors

FRI

Finance

95.67%

Other

4.33%

FPRO

Finance

98.35%

Other

1.65%

Diversification

FRI

Total weight of top 15 holdings out of 15

61.1%

FPRO

Total weight of top 15 holdings out of 15

73.96%

Top 15 holdings

Data as of July 31, 2026

FRI

Welltower, Inc.

12.17%

Prologis, Inc.

9.53%

Equinix, Inc.

4.65%

Digital Realty Trust, Inc.

4.61%

Simon Property Group, Inc.

4.46%

Realty Income Corp.

4.28%

Public Storage

3.93%

Equity Residential

3.45%

Ventas, Inc.

3.27%

Iron Mountain, Inc.

2.66%

Extra Space Storage, Inc.

2.26%

VICI Properties, Inc.

2.11%

Essex Property Trust, Inc.

1.34%

Invitation Homes, Inc.

1.20%

Kimco Realty Corp.

1.18%

FPRO

Prologis, Inc.

10.08%

Equinix, Inc.

8.94%

Welltower, Inc.

8.65%

American Tower Corp.

8.63%

Digital Realty Trust, Inc.

4.69%

Public Storage

3.85%

Kimco Realty Corp.

3.85%

Simon Property Group, Inc.

3.81%

STAG Industrial, Inc.

3.66%

Realty Income Corp.

3.33%

Ventas, Inc.

3.23%

CBRE Group, Inc.

3.10%

Iron Mountain, Inc.

2.75%

NNN REIT, Inc.

2.72%

UDR, Inc.

2.67%

Frequently asked questions about FRI and FPRO

How have the FRI and FPRO ETFs performed in 2026?

As of September 10, 2026, FRI is up 13.5% year-to-date (YTD), while FPRO has returned 11.32%. That puts FRI better performer ahead so far this year.

Which ETF is attracting more investor money: FRI or FPRO?

Year-to-date, the FRI ETF saw +$27M in flows, compared to +$1M for FPRO.

Which ETF is more volatile: FRI or FPRO?

Over the past year, FRI had a volatility of 13.24%, while FPRO experienced 13.56%.

Which ETF is bigger: FRI or FPRO?

As of September 10, 2026, FRI holds $193.63 M in assets under management (AUM), while FPRO manages $15.87 M.

What sectors do the FRI and FPRO ETFs invest in?

FRI leans toward sectors like Finance. Meanwhile, FPRO focuses on Finance.

What are the top holdings of the FRI ETF and FPRO ETF?

FRI top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. FPRO holds in its top three: Prologis, Inc., Equinix, Inc. and Welltower, Inc..

FRIvsFPROETF Comparison

First Trust S&P REIT Index Fund ETF

Fidelity Real Estate Investment ETF

FRI vs FPRO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FRI and FPRO ETFs performed in 2026?

As of September 10, 2026, FRI is up 13.5% year-to-date (YTD), while FPRO has returned 11.32%. That puts FRI better performer ahead so far this year.

Which ETF is attracting more investor money: FRI or FPRO?

Year-to-date, the FRI ETF saw +$27M in flows, compared to +$1M for FPRO.

Which ETF is more volatile: FRI or FPRO?

Over the past year, FRI had a volatility of 13.24%, while FPRO experienced 13.56%.

Which ETF is bigger: FRI or FPRO?

As of September 10, 2026, FRI holds $193.63 M in assets under management (AUM), while FPRO manages $15.87 M.

What sectors do the FRI and FPRO ETFs invest in?

FRI leans toward sectors like Finance. Meanwhile, FPRO focuses on Finance.

What are the top holdings of the FRI ETF and FPRO ETF?

FRI top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. FPRO holds in its top three: Prologis, Inc., Equinix, Inc. and Welltower, Inc..

Which ETF is more diversified: FRI or FPRO?

FRI holds 121 securities with 61.1% of its assets in the top 15. FPRO has 107 securities and a top 15 weight of 73.96%.

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