REITvsFRIETF Comparison
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ALPS Active REIT ETF (REIT) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. REIT's top 2 sector exposures are Finance and Non-Corporate. In contrast, FRI's top sector exposures are Finance. REIT is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.49% for FRI. REIT is up 10.89% year-to-date (YTD) with +$6M in YTD flows. FRI performs worse with 10.59% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of REIT and FRI 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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REIT vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | REIT FRI | -1.93%-2.30% | -8.61%-6.46% | +10.89%+10.59% | +10.18%+9.12% | +35.45%+40.92% | +9.89%+15.09% |
| Flows | REIT FRI | +$997K+$3M | +$3M+$18M | +$6M+$30M | +$8M+$31M | +$32M+$46M | +$31M+$10M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | REIT FRI | +11.51%+12.31% | +13.46%+13.18% | +16.29%+16.48% | +18.44%+18.79% |
| Max drawdown | REIT FRI | -11.51%-12.04% | -11.51%-12.04% | -18.24%-18.74% | -29.57%-31.41% |
| Max drawdown duration | REIT FRI | 82d81d | 82d81d | 442d434d | 877d1496d |
Trading data
REIT | FRI | |
Last sale 10/16/2026 at 1:30 PM | $28.45 | $29.85 |
| Previous close 10/15/2026 | $28.45 | $29.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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REIT
is actively managed and doesn’t replicate an indexREIT | FRI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
REIT | FRI | |
|---|---|---|
| Last price | $28.45 | $29.85 |
| 1D performance | -0.02% | +0.37% |
| AuM | $54.32 M | $190.39 M |
| E/R | 0.68% | 0.49% |
Characteristics
REIT | FRI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | ALPS | First Trust |
| Benchmark | - | S&P United States REIT Index |
| N° of holdings | 32 | 121 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 24, 2021 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
REIT
USA
100.01%
Other
-0.01%
FRI
USA
95.57%
Other
4.43%
Sectors
REIT
Finance
98.9%
Other
1.1%
FRI
Finance
95.57%
Other
4.43%
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Diversification
REIT
Total weight of top 15 holdings out of 15
69.11%
FRI
Total weight of top 15 holdings out of 15
60.96%
Top 15 holdings
Data as of August 31, 2026
REIT
Welltower, Inc.
10.11%
Prologis, Inc.
8.92%
Equinix, Inc.
8.32%
Simon Property Group, Inc.
4.71%
Essex Property Trust, Inc.
4.34%
W.P. Carey, Inc.
4.19%
Macerich Co.
3.95%
Equity LifeStyle Properties, Inc.
3.93%
Sabra Health Care REIT, Inc.
3.29%
Terreno Realty Corp.
3.16%
CareTrust REIT, Inc.
3.11%
Host Hotels & Resorts, Inc.
3.10%
Invitation Homes, Inc.
2.66%
American Tower Corp.
2.66%
Digital Realty Trust, Inc.
2.66%
FRI
Welltower, Inc.
12.59%
Prologis, Inc.
9.66%
Equinix, Inc.
4.51%
Digital Realty Trust, Inc.
4.44%
Simon Property Group, Inc.
4.39%
Realty Income Corp.
4.24%
Public Storage
3.77%
Equity Residential
3.53%
Ventas, Inc.
3.32%
Iron Mountain, Inc.
2.52%
Extra Space Storage, Inc.
2.20%
VICI Properties, Inc.
2.07%
Essex Property Trust, Inc.
1.33%
Kimco Realty Corp.
1.21%
Invitation Homes, Inc.
1.18%
Frequently asked questions about REIT and FRI
How have the REIT and FRI ETFs performed in 2026?
As of October 16, 2026, REIT is up 10.89% year-to-date (YTD), while FRI has returned 10.59%. That puts REIT better performer ahead so far this year.
Which ETF is attracting more investor money: REIT or FRI?
Year-to-date, the REIT ETF saw +$6M in flows, compared to +$30M for FRI.
Which ETF is more volatile: REIT or FRI?
Over the past year, REIT had a volatility of 13.46%, while FRI experienced 13.18%.
Which ETF is bigger: REIT or FRI?
As of October 16, 2026, REIT holds $54.32 M in assets under management (AUM), while FRI manages $190.39 M.
What sectors do the REIT and FRI ETFs invest in?
REIT leans toward sectors like Finance. Meanwhile, FRI focuses on Finance.
What are the top holdings of the REIT ETF and FRI ETF?
REIT top holdings include Welltower, Inc., Prologis, Inc. and Equinix, Inc.. FRI holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: REIT or FRI?
REIT holds 32 securities with 69.11% of its assets in the top 15. FRI has 121 securities and a top 15 weight of 60.96%.
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