REZvsFRIETF Comparison
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iShares Residential and Multisector Real Estate ETF (REZ) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. REZ's top 2 sector exposures are Finance and Non-Corporate. In contrast, FRI's top sector exposures are Finance. REZ is less expensive with a Total Expense Ratio (TER) of 0.48%, versus 0.49% for FRI. REZ is up 13.41% year-to-date (YTD) with -$32M in YTD flows. FRI performs better with 15.37% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of REZ 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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REZ vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | REZ FRI | -1.92%-1.49% | +4.97%+2.19% | +13.41%+15.37% | +12.14%+14.70% | +45.15%+39.91% | +15.20%+18.21% |
| Flows | REZ FRI | +$5M-$2M | -$29M+$20M | -$32M+$27M | -$45M+$24M | +$62M+$41M | +$43M+$18M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | REZ FRI | +18.21%+14.50% | +15.72%+13.19% | +17.38%+16.75% | +19.16%+18.87% |
| Max drawdown | REZ FRI | -6.29%-6.26% | -8.77%-7.64% | -15.04%-18.74% | -35.08%-31.41% |
| Max drawdown duration | REZ FRI | 44d44d | 58d44d | 512d434d | 1394d1496d |
Trading data
REZ | FRI | |
Last sale 9/10/2026 at 4:58 PM | $92.10 | $30.92 |
| Previous close 09/09/2026 | $92.26 | $31.24 |
| Consolidated volume 09/09/2026 | ||
| 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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REZ | 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 9/10/2026 at 4:58 PM
Live
Closed
REZ | FRI | |
|---|---|---|
| Last price | $92.10 | $30.92 |
| 1D performance | -0.17% | -1.02% |
| AuM | $843.94 M | $196.83 M |
| E/R | 0.48% | 0.49% |
Characteristics
REZ | FRI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | First Trust |
| Benchmark | FTSE NAREIT All Residential Capped Index | S&P United States REIT Index |
| N° of holdings | 38 | 121 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2007 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
REZ
USA
99.95%
Other
0.05%
FRI
USA
95.67%
Other
4.33%
Sectors
REZ
Finance
99.73%
Other
0.27%
FRI
Finance
95.67%
Other
4.33%
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Diversification
REZ
Total weight of top 15 holdings out of 15
82.64%
FRI
Total weight of top 15 holdings out of 15
61.1%
Top 15 holdings
Data as of July 31, 2026
REZ
Welltower, Inc.
24.21%
Public Storage
9.53%
Ventas, Inc.
7.95%
Extra Space Storage, Inc.
5.55%
AvalonBay Communities, Inc.
4.21%
Equity Residential
4.19%
Essex Property Trust, Inc.
3.67%
Invitation Homes, Inc.
3.58%
Mid-America Apartment Communities, Inc.
3.14%
Healthpeak Properties, Inc.
3.11%
Sun Communities, Inc.
3.09%
Omega Healthcare Investors, Inc.
3.06%
Equity LifeStyle Properties, Inc.
2.57%
UDR, Inc.
2.53%
Camden Property Trust
2.27%
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%
Frequently asked questions about REZ and FRI
How have the REZ and FRI ETFs performed in 2026?
As of September 8, 2026, REZ is up 13.41% year-to-date (YTD), while FRI has returned 15.37%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: REZ or FRI?
Year-to-date, the REZ ETF saw -$32M in flows, compared to +$27M for FRI.
Which ETF is more volatile: REZ or FRI?
Over the past year, REZ had a volatility of 15.72%, while FRI experienced 13.19%.
Which ETF is bigger: REZ or FRI?
As of September 8, 2026, REZ holds $843.94 M in assets under management (AUM), while FRI manages $196.83 M.
What sectors do the REZ and FRI ETFs invest in?
REZ leans toward sectors like Finance. Meanwhile, FRI focuses on Finance.
What are the top holdings of the REZ ETF and FRI ETF?
REZ top holdings include Welltower, Inc., Public Storage and Ventas, Inc.. FRI holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: REZ or FRI?
REZ holds 38 securities with 82.64% of its assets in the top 15. FRI has 121 securities and a top 15 weight of 61.1%.
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Latest news about REZ & FRI
ETF Comparison: iShares Residential and Multisector Real Estate ETF (REZ) Versus Hoya Capital Housing ETF (HOMZ)
September 3, 2025
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July 31, 2023
REZ
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