USRTvsFRIETF Comparison
VS
iShares Core U.S. REIT ETF (USRT) 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. USRT is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.49% for FRI. USRT is up 12.18% year-to-date (YTD) with +$30M in YTD flows. FRI performs worse with 11.79% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of USRT 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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USRT 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. | USRT FRI | +8.43%+7.99% | +9.91%+9.70% | +12.18%+11.79% | +18.42%+18.17% | +39.57%+38.38% | +31.86%+29.60% |
| Flows | USRT FRI | +$11M-$6M | +$128M-$3M | +$30M-$3M | +$453M-$4M | +$1.18B+$10M | +$1.27B+$76M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USRT FRI | +14.85%+14.18% | +13.54%+13.14% | +17.10%+17.02% | +18.95%+18.97% |
| Max drawdown | USRT FRI | -8.02%-7.64% | -8.02%-7.64% | -18.73%-18.74% | -30.96%-31.41% |
| Max drawdown duration | USRT FRI | 44d44d | 44d44d | 434d434d | 985d1496d |
Trading data
USRT | FRI | |
Last sale 4/27/2026 at 1:30 PM | $63.43 | $30.33 |
| Previous close 04/24/2026 | $63.68 | $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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USRT | 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 1:30 PM
Live
Closed
USRT | FRI | |
|---|---|---|
| Last price | $63.43 | $30.33 |
| 1D performance | -0.39% | -0.30% |
| AuM | $3.71 B | $162.85 M |
| E/R | 0.08% | 0.49% |
Characteristics
USRT | FRI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | First Trust |
| Benchmark | FTSE Nareit Equity REITs 40 Act Capped Index | S&P United States REIT Index |
| N° of holdings | 110 | 112 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2007 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
USRT
USA
99.53%
Other
0.47%
FRI
USA
96.29%
Other
3.71%
Sectors
USRT
Real Estate
96.01%
Other
3.99%
FRI
Real Estate
93.43%
Other
6.57%
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Diversification
USRT
Total weight of top 15 holdings out of 15
58.55%
FRI
Total weight of top 15 holdings out of 15
60.4%
Top 15 holdings
Data as of March 31, 2026
USRT
WELLTOWER INC
8.38%
PROLOGIS REIT
7.83%
EQUINIX INC COMMON STOCK REIT
6.54%
DIGITAL REALTY REIT
4.63%
SIMON PROPERTY GROUP REIT
4.57%
REALTY INCOME REIT
4.30%
PUBLIC STORAGE REIT
3.77%
VENTAS REIT
3.52%
IRON MOUNTAIN
2.75%
VICI PROPERTIES INC
2.68%
EXTRA SPACE STORAGE REIT
2.54%
AVALONBAY COMMUNITIES REIT
2.14%
EQUITY RESIDENTIAL REIT
2.06%
SUN COMMUNITIES REIT
1.42%
ESSEX PROPERTY REIT
1.42%
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 USRT and FRI
How have the USRT and FRI ETFs performed in 2026?
As of April 24, 2026, USRT is up 12.18% year-to-date (YTD), while FRI has returned 11.79%. That puts USRT better performer ahead so far this year.
Which ETF is attracting more investor money: USRT or FRI?
Year-to-date, the USRT ETF saw +$30M in flows, compared to -$3M for FRI.
Which ETF is more volatile: USRT or FRI?
Over the past year, USRT had a volatility of 13.54%, while FRI experienced 13.14%.
Which ETF is bigger: USRT or FRI?
As of April 24, 2026, USRT holds $3.71 B in assets under management (AUM), while FRI manages $162.85 M.
What sectors do the USRT and FRI ETFs invest in?
USRT leans toward sectors like Real Estate. Meanwhile, FRI focuses on Real Estate.
What are the top holdings of the USRT ETF and FRI ETF?
USRT top holdings include WELLTOWER INC, PROLOGIS REIT 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: USRT or FRI?
USRT holds 128 securities with 58.55% of its assets in the top 15. FRI has 128 securities and a top 15 weight of 60.4%.
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