FRIvsVNQETF Comparison
VS
First Trust S&P REIT Index Fund ETF (FRI) and Vanguard Real Estate ETF (VNQ) 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 0.13% for VNQ. FRI is up 11.78% year-to-date (YTD) with -$3M in YTD flows. VNQ performs worse with 8.25% YTD performance, and +$202M in YTD flows. Run a side-by-side ETF comparison of FRI and VNQ 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 VNQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRI VNQ | +7.98%+8.88% | +9.69%+5.98% | +11.78%+8.25% | +18.16%+12.49% | +38.37%+29.93% | +29.59%+16.82% |
| Flows | FRI VNQ | -$6M-$122M | -$3M+$108M | -$3M+$202M | -$4M+$712M | +$10M-$330M | +$76M+$997M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRI VNQ | +14.18%+14.77% | +13.14%+13.39% | +17.02%+16.82% | +18.97%+18.82% |
| Max drawdown | FRI VNQ | -7.64%-8.32% | -7.64%-8.32% | -18.74%-17.41% | -31.41%-34.43% |
| Max drawdown duration | FRI VNQ | 44d44d | 44d44d | 434d141d | 1496d1576d |
Trading data
FRI | VNQ | |
Last sale 4/28/2026 at 1:30 PM | $30.60 | $95.65 |
| Previous close 04/27/2026 | $30.35 | $94.78 |
| Consolidated volume 04/27/2026 | ||
| 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
Create an account to view replication metrics
Join for free
FRI | VNQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
FRI | VNQ | |
|---|---|---|
| Last price | $30.60 | $95.65 |
| 1D performance | +0.82% | +0.92% |
| AuM | $162.85 M | $36.48 B |
| E/R | 0.49% | 0.13% |
Characteristics
FRI | VNQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Vanguard |
| Benchmark | S&P United States REIT Index | MSCI US Investable Market Real Estate 25/50 Transition Index |
| N° of holdings | 112 | 126 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | September 23, 2004 |
| ESG | No | No |
Advertisement
Exposure
Countries
FRI
USA
96.29%
Other
3.71%
VNQ
USA
98.85%
Other
1.15%
Sectors
FRI
Real Estate
93.43%
Other
6.57%
VNQ
Real Estate
95.02%
Other
4.98%
Advertisement
Diversification
FRI
Total weight of top 15 holdings out of 15
60.4%
VNQ
Total weight of top 15 holdings out of 15
58.86%
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%
VNQ
WELLTOWER INC
9.02%
PROLOGIS REIT
8.23%
EQUINIX INC COMMON STOCK REIT
6.45%
AMERICAN TOWER CL A REIT
5.42%
DIGITAL REALTY REIT
4.15%
SIMON PROPERTY GROUP REIT
4.08%
REALTY INCOME REIT
3.75%
PUBLIC STORAGE REIT
2.87%
CBRE GROUP
2.70%
VENTAS REIT
2.57%
CROWN CASTLE INTERNATIONAL
2.37%
IRON MOUNTAIN
2.02%
EXTRA SPACE STORAGE REIT
1.87%
VICI PROPERTIES INC
1.82%
AVALONBAY COMMUNITIES REIT
1.55%
Frequently asked questions about FRI and VNQ
How have the FRI and VNQ ETFs performed in 2026?
As of April 24, 2026, FRI is up 11.78% year-to-date (YTD), while VNQ has returned 8.25%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: FRI or VNQ?
Year-to-date, the FRI ETF saw -$3M in flows, compared to +$202M for VNQ.
Which ETF is more volatile: FRI or VNQ?
Over the past year, FRI had a volatility of 13.14%, while VNQ experienced 13.39%.
Which ETF is bigger: FRI or VNQ?
As of April 24, 2026, FRI holds $162.85 M in assets under management (AUM), while VNQ manages $36.48 B.
What sectors do the FRI and VNQ ETFs invest in?
FRI leans toward sectors like Real Estate. Meanwhile, VNQ focuses on Real Estate.
What are the top holdings of the FRI ETF and VNQ ETF?
FRI top holdings include WELLTOWER INC, PROLOGIS REIT and SIMON PROPERTY GROUP REIT. VNQ holds in its top three: WELLTOWER INC, PROLOGIS REIT and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: FRI or VNQ?
FRI holds 128 securities with 60.4% of its assets in the top 15. VNQ has 144 securities and a top 15 weight of 58.86%.
Advertisement
Latest news about FRI & VNQ
REIT Renaissance: The Long-Awaited Comeback Begins
March 30, 2025
VNQ
ETF Comparison: Schwab U.S. REIT ETF (SCHH) Versus Vanguard Real Estate ETF (VNQ)
September 13, 2024
VNQ
Real Estate Sector Declines on Fed Minutes
May 27, 2024
VNQ
Advertisement
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
VNQ
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
VNQ
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
VNQ
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
VNQ
Advertisement
