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 1 sector exposures: Finance. FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.25% for RWR. FRI is up 14.21% year-to-date (YTD) with +$27M in YTD flows. RWR performs worse with 13.25% YTD performance, and -$64M 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 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI RWR | -2.48%-3.21% | -1.20%-1.85% | +14.21%+13.25% | +13.70%+13.73% | +38.38%+37.82% | +19.62%+20.01% |
| Flows | FRI RWR | -$2M+$14M | +$20M+$73M | +$27M-$64M | +$24M-$198M | +$41M+$202M | +$18M+$27M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI RWR | +13.86%+14.91% | +13.23%+13.94% | +16.76%+17.10% | +18.85%+19.09% |
| Max drawdown | FRI RWR | -7.16%-8.04% | -7.64%-8.09% | -18.74%-18.77% | -31.41%-32.62% |
| Max drawdown duration | FRI RWR | 45d46d | 44d44d | 434d434d | 1496d1499d |
Trading data
FRI | RWR | |
Last sale 9/10/2026 at 1:30 PM | $30.76 | $109.63 |
| Previous close 09/10/2026 | $30.95 | $110.23 |
| 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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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 9/10/2026 at 1:30 PM
Live
Closed
FRI | RWR | |
|---|---|---|
| Last price | $30.76 | $109.63 |
| 1D performance | -0.61% | -0.54% |
| AuM | $194.84 M | $1.82 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 | 121 | 96 |
| 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
95.67%
Other
4.33%
RWR
USA
98.94%
Other
1.06%
Sectors
FRI
Finance
95.67%
Other
4.33%
RWR
Finance
98.94%
Other
1.06%
Diversification
FRI
Total weight of top 15 holdings out of 15
61.1%
RWR
Total weight of top 15 holdings out of 15
60.57%
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%
RWR
Welltower, Inc.
10.65%
Prologis, Inc.
9.53%
Digital Realty Trust, Inc.
4.74%
Simon Property Group, Inc.
4.66%
Public Storage
4.59%
Realty Income Corp.
4.44%
Equinix, Inc.
4.24%
Ventas, Inc.
4.17%
Extra Space Storage, Inc.
2.87%
AvalonBay Communities, Inc.
2.36%
Equity Residential
2.08%
Essex Property Trust, Inc.
1.67%
Kimco Realty Corp.
1.57%
W.P. Carey, Inc.
1.50%
Invitation Homes, Inc.
1.49%
Frequently asked questions about FRI and RWR
How have the FRI and RWR ETFs performed in 2026?
As of September 9, 2026, FRI is up 14.21% year-to-date (YTD), while RWR has returned 13.25%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or RWR?
Year-to-date, the FRI ETF saw +$27M in flows, compared to -$64M for RWR.
Which ETF is more volatile: FRI or RWR?
Over the past year, FRI had a volatility of 13.23%, while RWR experienced 13.94%.
Which ETF is bigger: FRI or RWR?
As of September 9, 2026, FRI holds $194.84 M in assets under management (AUM), while RWR manages $1.82 B.
What sectors do the FRI and RWR ETFs invest in?
FRI leans toward sectors like Finance. Meanwhile, RWR focuses on Finance.
What are the top holdings of the FRI ETF and RWR ETF?
FRI top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. RWR holds in its top three: Welltower, Inc., Prologis, Inc. and Digital Realty Trust, Inc..
Which ETF is more diversified: FRI or RWR?
FRI holds 121 securities with 61.1% of its assets in the top 15. RWR has 96 securities and a top 15 weight of 60.57%.
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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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