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 1 sector exposures: Finance. RWR is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.49% for FRI. RWR is up 11.56% year-to-date (YTD) with -$44M in YTD flows. FRI performs better with 11.83% YTD performance, and +$36M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RWR FRI | +0.91%+0.77% | -9.00%-8.66% | +11.56%+11.83% | +8.57%+8.24% | +54.61%+53.85% | +13.31%+14.38% |
| Flows | RWR FRI | -$11M+$12M | +$88M+$15M | -$44M+$36M | +$23M+$40M | +$184M+$56M | +$52M+$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWR FRI | +12.08%+11.45% | +14.10%+13.38% | +16.69%+16.33% | +19.08%+18.81% |
| Max drawdown | RWR FRI | -12.41%-11.65% | -12.71%-12.04% | -18.77%-18.74% | -32.62%-31.41% |
| Max drawdown duration | RWR FRI | 91d91d | 93d93d | 434d434d | 1499d1496d |
Trading data
RWR | FRI | |
Last sale 10/28/2026 at 1:30 PM | $105.97 | $29.86 |
| Previous close 10/27/2026 | $106.98 | $30.08 |
| Consolidated volume 10/27/2026 | ||
| 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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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 10/28/2026 at 1:30 PM
Live
Closed
RWR | FRI | |
|---|---|---|
| Last price | $105.97 | $29.86 |
| 1D performance | -0.94% | -0.73% |
| AuM | $1.80 B | $198.53 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 | 95 | 121 |
| 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
99.01%
Other
0.99%
FRI
USA
95.57%
Other
4.43%
Sectors
RWR
Finance
99.01%
Other
0.99%
FRI
Finance
95.57%
Other
4.43%
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Diversification
RWR
Total weight of top 15 holdings out of 15
61.78%
FRI
Total weight of top 15 holdings out of 15
60.96%
Top 15 holdings
Data as of August 31, 2026
RWR
Welltower, Inc.
10.36%
Prologis, Inc.
9.95%
Equity Residential
4.63%
Equinix, Inc.
4.52%
Realty Income Corp.
4.42%
Digital Realty Trust, Inc.
4.34%
Simon Property Group, Inc.
4.31%
Ventas, Inc.
4.30%
Public Storage
4.21%
Extra Space Storage, Inc.
2.89%
Essex Property Trust, Inc.
1.77%
Kimco Realty Corp.
1.55%
Invitation Homes, Inc.
1.55%
W.P. Carey, Inc.
1.51%
Mid-America Apartment Communities, Inc.
1.46%
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 RWR and FRI
How have the RWR and FRI ETFs performed in 2026?
As of October 27, 2026, RWR is up 11.56% year-to-date (YTD), while FRI has returned 11.83%. 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 -$44M in flows, compared to +$36M for FRI.
Which ETF is more volatile: RWR or FRI?
Over the past year, RWR had a volatility of 14.1%, while FRI experienced 13.38%.
Which ETF is bigger: RWR or FRI?
As of October 27, 2026, RWR holds $1.80 B in assets under management (AUM), while FRI manages $198.53 M.
What sectors do the RWR and FRI ETFs invest in?
RWR leans toward sectors like Finance. Meanwhile, FRI focuses on Finance.
What are the top holdings of the RWR ETF and FRI ETF?
RWR top holdings include Welltower, Inc., Prologis, Inc. and Equity Residential. FRI holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: RWR or FRI?
RWR holds 95 securities with 61.78% of its assets in the top 15. FRI has 121 securities and a top 15 weight of 60.96%.
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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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