FRIvsUSRTETF Comparison
VS
First Trust S&P REIT Index Fund ETF (FRI) and iShares Core U.S. REIT ETF (USRT) belong to the same industry segment: US Real Estate. FRI's top 3 sector exposures are Finance and Utilities. In contrast, USRT's top sector exposures are Finance and Non-Corporate. FRI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.08% for USRT. FRI is up 20.46% year-to-date (YTD) with +$12M in YTD flows. USRT performs better with 23.69% YTD performance, and +$665M in YTD flows. Run a side-by-side ETF comparison of FRI and USRT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FRI vs USRT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI USRT | +3.24%+5.10% | +7.56%+10.26% | +20.46%+23.69% | +20.90%+24.66% | +37.32%+41.76% | +27.71%+32.89% |
| Flows | FRI USRT | +$5M+$185M | +$16M+$635M | +$12M+$665M | +$7M+$995M | +$31M+$1.64B | +$18M+$1.77B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI USRT | +14.99%+16.02% | +13.59%+14.22% | +16.81%+17.04% | +18.89%+18.95% |
| Max drawdown | FRI USRT | -3.78%-3.57% | -7.64%-8.02% | -18.74%-18.73% | -31.41%-30.96% |
| Max drawdown duration | FRI USRT | 13d13d | 44d44d | 434d434d | 1496d985d |
Trading data
FRI | USRT | |
Last sale 7/24/2026 at 1:30 PM | $33.34 | $69.82 |
| Previous close 07/23/2026 | $32.60 | $68.33 |
| Consolidated volume 07/23/2026 | ||
| 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
Create an account to view replication metrics
Join for free
FRI | USRT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
FRI | USRT | |
|---|---|---|
| Last price | $33.34 | $69.82 |
| 1D performance | +2.27% | +2.18% |
| AuM | $190.82 M | $4.75 B |
| E/R | 0.49% | 0.08% |
Characteristics
FRI | USRT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | S&P United States REIT Index | FTSE Nareit Equity REITs 40 Act Capped Index |
| N° of holdings | 126 | 128 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | May 1, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
FRI
USA
95.48%
Other
4.52%
USRT
USA
99.57%
Other
0.43%
Sectors
FRI
Finance
95.46%
Other
4.54%
USRT
Finance
99.4%
Other
0.6%
Advertisement
Diversification
FRI
Total weight of top 15 holdings out of 15
58.76%
USRT
Total weight of top 15 holdings out of 15
57.77%
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%
USRT
Welltower, Inc.
8.87%
Prologis, Inc.
7.12%
Equinix, Inc.
6.24%
Simon Property Group, Inc.
4.60%
Digital Realty Trust, Inc.
4.25%
Realty Income Corp.
4.16%
Public Storage
3.95%
Ventas, Inc.
3.51%
Iron Mountain, Inc.
3.05%
Extra Space Storage, Inc.
2.49%
VICI Properties, Inc.
2.35%
AvalonBay Communities, Inc.
2.14%
Equity Residential
2.07%
Essex Property Trust, Inc.
1.52%
Invitation Homes, Inc.
1.46%
Frequently asked questions about FRI and USRT
How have the FRI and USRT ETFs performed in 2026?
As of July 23, 2026, FRI is up 20.46% year-to-date (YTD), while USRT has returned 23.69%. That puts USRT better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or USRT?
Year-to-date, the FRI ETF saw +$12M in flows, compared to +$665M for USRT.
Which ETF is more volatile: FRI or USRT?
Over the past year, FRI had a volatility of 13.59%, while USRT experienced 14.22%.
Which ETF is bigger: FRI or USRT?
As of July 23, 2026, FRI holds $190.82 M in assets under management (AUM), while USRT manages $4.75 B.
What sectors do the FRI and USRT ETFs invest in?
FRI leans toward sectors like Finance. Meanwhile, USRT focuses on Finance.
What are the top holdings of the FRI ETF and USRT ETF?
FRI top holdings include Welltower, Inc., Prologis, Inc. and Simon Property Group, Inc.. USRT holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: FRI or USRT?
FRI holds 126 securities with 58.76% of its assets in the top 15. USRT has 128 securities and a top 15 weight of 57.77%.
Advertisement
Latest news about FRI & USRT
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
USRT
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
USRT
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
USRT
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
USRT
Advertisement
REIT ETFs: Active Management or Passive Indexing?
March 13, 2023
USRT
REIT ETFs: Active Management or Passive Indexing?
March 13, 2023
USRT
3 U.S. REIT ETFs to watch in 2023
December 28, 2022
USRT
Advertisement
