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: Finance and Utilities. FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.25% for RWR. FRI is up 23.02% year-to-date (YTD) with +$21M in YTD flows. RWR performs better with 23.16% YTD performance, and -$132M 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 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI RWR | +5.28%+5.80% | +10.06%+11.03% | +23.02%+23.16% | +24.25%+25.58% | +40.24%+40.70% | +30.48%+29.99% |
| Flows | FRI RWR | +$13M-$33M | +$24M-$41M | +$21M-$132M | +$15M-$254M | +$40M+$77M | +$26M-$66M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI RWR | +15.49%+16.62% | +13.72%+14.46% | +16.84%+17.17% | +18.91%+19.10% |
| Max drawdown | FRI RWR | -3.78%-3.83% | -7.64%-8.09% | -18.74%-18.77% | -31.41%-32.62% |
| Max drawdown duration | FRI RWR | 13d13d | 44d44d | 434d434d | 1496d1499d |
Trading data
FRI | RWR | |
Last sale 7/27/2026 at 1:30 PM | $33.18 | $118.65 |
| Previous close 07/24/2026 | $33.34 | $119.19 |
| Consolidated volume 07/24/2026 | ||
| 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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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 7/27/2026 at 1:30 PM
Live
Closed
FRI | RWR | |
|---|---|---|
| Last price | $33.18 | $118.65 |
| 1D performance | -0.47% | -0.45% |
| AuM | $203.21 M | $1.91 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 | 126 | 98 |
| 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
95.48%
Other
4.52%
RWR
USA
98.29%
Other
1.71%
Sectors
FRI
Finance
95.46%
Other
4.54%
RWR
Finance
98.27%
Other
1.73%
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Diversification
FRI
Total weight of top 15 holdings out of 15
58.76%
RWR
Total weight of top 15 holdings out of 15
59.66%
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%
RWR
Welltower, Inc.
10.51%
Prologis, Inc.
9.10%
Simon Property Group, Inc.
4.63%
Equinix, Inc.
4.42%
Realty Income Corp.
4.39%
Digital Realty Trust, Inc.
4.38%
Public Storage
4.33%
Ventas, Inc.
4.03%
Extra Space Storage, Inc.
2.87%
AvalonBay Communities, Inc.
2.45%
Equity Residential
2.16%
Essex Property Trust, Inc.
1.75%
Kimco Realty Corp.
1.60%
Invitation Homes, Inc.
1.54%
Mid-America Apartment Communities, Inc.
1.51%
Frequently asked questions about FRI and RWR
How have the FRI and RWR ETFs performed in 2026?
As of July 24, 2026, FRI is up 23.02% year-to-date (YTD), while RWR has returned 23.16%. 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 +$21M in flows, compared to -$132M for RWR.
Which ETF is more volatile: FRI or RWR?
Over the past year, FRI had a volatility of 13.72%, while RWR experienced 14.46%.
Which ETF is bigger: FRI or RWR?
As of July 24, 2026, FRI holds $203.21 M in assets under management (AUM), while RWR manages $1.91 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 Simon Property Group, Inc.. RWR holds in its top three: Welltower, Inc., Prologis, Inc. and Simon Property Group, Inc..
Which ETF is more diversified: FRI or RWR?
FRI holds 126 securities with 58.76% of its assets in the top 15. RWR has 98 securities and a top 15 weight of 59.66%.
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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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