RWRvsFRIETF Comparison
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State Street SPDR Dow Jones REIT ETF (RWR) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. Both ETFs have the same top 3 sector exposures: and Real Estate. RWR is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.49% for FRI. RWR is up 10.92% year-to-date (YTD) with -$105M in YTD flows. FRI performs better with 11.79% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of RWR 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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RWR vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RWR FRI | +8.21%+7.99% | +9.05%+9.70% | +10.92%+11.79% | +18.30%+18.17% | +38.15%+38.38% | +28.19%+29.60% |
| Flows | RWR FRI | -$81M-$6M | -$62M-$3M | -$105M-$3M | -$263M-$4M | +$80M+$10M | -$6M+$76M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWR FRI | +14.91%+14.18% | +13.66%+13.14% | +17.20%+17.02% | +19.10%+18.97% |
| Max drawdown | RWR FRI | -8.09%-7.64% | -8.09%-7.64% | -18.77%-18.74% | -32.62%-31.41% |
| Max drawdown duration | RWR FRI | 44d44d | 44d44d | 434d434d | 1499d1496d |
Trading data
RWR | FRI | |
Last sale 4/27/2026 at 3:39 PM | $108.16 | $30.44 |
| Previous close 04/24/2026 | $108.27 | $30.42 |
| Consolidated volume 04/24/2026 | ||
| 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
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RWR | 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 4/27/2026 at 3:39 PM
Live
Closed
RWR | FRI | |
|---|---|---|
| Last price | $108.16 | $30.44 |
| 1D performance | -0.10% | +0.07% |
| AuM | $1.77 B | $162.85 M |
| E/R | 0.25% | 0.49% |
Characteristics
RWR | FRI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | First Trust |
| Benchmark | Dow Jones U.S. Select REIT Capped Index | S&P United States REIT Index |
| N° of holdings | 89 | 112 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 23, 2001 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
RWR
USA
98.8%
Other
1.2%
FRI
USA
96.29%
Other
3.71%
Sectors
RWR
Real Estate
96.2%
Other
3.8%
FRI
Real Estate
93.43%
Other
6.57%
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Diversification
RWR
Total weight of top 15 holdings out of 15
60.51%
FRI
Total weight of top 15 holdings out of 15
60.4%
Top 15 holdings
Data as of March 31, 2026
RWR
PROLOGIS REIT
10.12%
WELLTOWER INC
9.91%
EQUINIX INC COMMON STOCK REIT
4.66%
DIGITAL REALTY REIT
4.62%
SIMON PROPERTY GROUP REIT
4.56%
REALTY INCOME REIT
4.38%
PUBLIC STORAGE REIT
4.18%
VENTAS REIT
4.12%
EXTRA SPACE STORAGE REIT
2.95%
AVALONBAY COMMUNITIES REIT
2.46%
EQUITY RESIDENTIAL REIT
2.16%
ESSEX PROPERTY REIT
1.66%
KIMCO REALTY REIT
1.61%
WP CAREY INC
1.58%
SUN COMMUNITIES REIT
1.55%
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%
Frequently asked questions about RWR and FRI
How have the RWR and FRI ETFs performed in 2026?
As of April 24, 2026, RWR is up 10.92% year-to-date (YTD), while FRI has returned 11.79%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: RWR or FRI?
Year-to-date, the RWR ETF saw -$105M in flows, compared to -$3M for FRI.
Which ETF is more volatile: RWR or FRI?
Over the past year, RWR had a volatility of 13.66%, while FRI experienced 13.14%.
Which ETF is bigger: RWR or FRI?
As of April 24, 2026, RWR holds $1.77 B in assets under management (AUM), while FRI manages $162.85 M.
What sectors do the RWR and FRI ETFs invest in?
RWR leans toward sectors like Real Estate. Meanwhile, FRI focuses on Real Estate.
What are the top holdings of the RWR ETF and FRI ETF?
RWR top holdings include PROLOGIS REIT, WELLTOWER INC and EQUINIX INC COMMON STOCK REIT. FRI holds in its top three: WELLTOWER INC, PROLOGIS REIT and SIMON PROPERTY GROUP REIT.
Which ETF is more diversified: RWR or FRI?
RWR holds 99 securities with 60.51% of its assets in the top 15. FRI has 128 securities and a top 15 weight of 60.4%.
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Latest news about RWR & FRI
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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