FRIvsRWRETF Comparison
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First Trust S&P REIT Index Fund ETF (FRI) and State Street SPDR Dow Jones REIT ETF (RWR) 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 0.25% for RWR. FRI is up 11.39% year-to-date (YTD) with -$3M in YTD flows. RWR performs better with 11.76% YTD performance, and -$105M in YTD flows. Run a side-by-side ETF comparison of FRI and RWR 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 RWR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI RWR | +8.56%+9.55% | +9.23%+11.01% | +11.39%+11.76% | +16.92%+18.48% | +37.40%+36.65% | +29.03%+29.38% |
| Flows | FRI RWR | -$3M-$59M | -$8M-$25M | -$3M-$105M | -$4M-$263M | +$10M+$80M | +$74M-$6M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI RWR | +14.22%+14.83% | +13.16%+13.68% | +16.99%+17.16% | +18.97%+19.11% |
| Max drawdown | FRI RWR | -7.64%-8.09% | -7.64%-8.09% | -18.74%-18.77% | -31.41%-32.62% |
| Max drawdown duration | FRI RWR | 44d44d | 44d44d | 434d434d | 1496d1499d |
Trading data
FRI | RWR | |
Last sale 4/28/2026 at 1:30 PM | $30.60 | $109.03 |
| Previous close 04/28/2026 | $30.35 | $107.95 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FRI | RWR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
FRI | RWR | |
|---|---|---|
| Last price | $30.60 | $109.03 |
| 1D performance | +0.82% | +1.00% |
| AuM | $162.27 M | $1.78 B |
| E/R | 0.49% | 0.25% |
Characteristics
FRI | RWR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | State Street Investment Management |
| Benchmark | S&P United States REIT Index | Dow Jones U.S. Select REIT Capped Index |
| N° of holdings | 112 | 89 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | April 23, 2001 |
| ESG | No | No |
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Exposure
Countries
FRI
USA
96.29%
Other
3.71%
RWR
USA
98.8%
Other
1.2%
Sectors
FRI
Real Estate
93.43%
Other
6.57%
RWR
Real Estate
96.2%
Other
3.8%
Diversification
FRI
Total weight of top 15 holdings out of 15
60.4%
RWR
Total weight of top 15 holdings out of 15
60.51%
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%
RWR
PROLOGIS REIT
10.12%
WELLTOWER INC
9.91%
EQUINIX INC COMMON STOCK REIT
4.66%
DIGITAL REALTY REIT
4.62%
SIMON PROPERTY GROUP REIT
4.56%
REALTY INCOME REIT
4.38%
PUBLIC STORAGE REIT
4.18%
VENTAS REIT
4.12%
EXTRA SPACE STORAGE REIT
2.95%
AVALONBAY COMMUNITIES REIT
2.46%
EQUITY RESIDENTIAL REIT
2.16%
ESSEX PROPERTY REIT
1.66%
KIMCO REALTY REIT
1.61%
WP CAREY INC
1.58%
SUN COMMUNITIES REIT
1.55%
Frequently asked questions about FRI and RWR
How have the FRI and RWR ETFs performed in 2026?
As of April 27, 2026, FRI is up 11.39% year-to-date (YTD), while RWR has returned 11.76%. That puts RWR better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or RWR?
Year-to-date, the FRI ETF saw -$3M in flows, compared to -$105M for RWR.
Which ETF is more volatile: FRI or RWR?
Over the past year, FRI had a volatility of 13.16%, while RWR experienced 13.68%.
Which ETF is bigger: FRI or RWR?
As of April 27, 2026, FRI holds $162.27 M in assets under management (AUM), while RWR manages $1.78 B.
What sectors do the FRI and RWR ETFs invest in?
FRI leans toward sectors like Real Estate. Meanwhile, RWR focuses on Real Estate.
What are the top holdings of the FRI ETF and RWR ETF?
FRI top holdings include WELLTOWER INC, PROLOGIS REIT and SIMON PROPERTY GROUP REIT. RWR holds in its top three: PROLOGIS REIT, WELLTOWER INC and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FRI or RWR?
FRI holds 128 securities with 60.4% of its assets in the top 15. RWR has 99 securities and a top 15 weight of 60.51%.
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Latest news about FRI & RWR
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
RWR
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
RWR
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
RWR
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Real Estate Funds Plunge Again Amid Spike in Interest Rates
October 24, 2023
RWR
Real Estate Funds Plunge Again Amid Spike in Interest Rates
October 24, 2023
RWR
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