XLREvsFRIETF Comparison
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State Street Real Estate Select Sector SPDR ETF (XLRE) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. XLRE's top 3 sector exposures are Real Estate and Industrials. In contrast, FRI's top sector exposures are Real Estate XLRE is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.49% for FRI. XLRE is up 13.17% year-to-date (YTD) with -$108M in YTD flows. FRI performs better with 17.02% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of XLRE 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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XLRE vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLRE FRI | +1.75%+2.37% | +8.36%+9.13% | +13.17%+17.02% | +11.10%+18.71% | +35.48%+42.04% | +16.99%+25.15% |
| Flows | XLRE FRI | +$74M+$8M | +$76M+$5M | -$108M+$8M | +$93M+$9M | +$2.43B+$28M | +$4.78B+$76M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLRE FRI | +16.20%+15.10% | +13.95%+13.23% | +16.85%+16.85% | +19.13%+18.92% |
| Max drawdown | XLRE FRI | -5.66%-5.14% | -8.32%-7.64% | -16.76%-18.74% | -34.12%-31.41% |
| Max drawdown duration | XLRE FRI | 21d22d | 44d44d | 141d434d | 1618d1496d |
Trading data
XLRE | FRI | |
Last sale 6/12/2026 at 1:30 PM | $45.36 | $31.85 |
| Previous close 06/11/2026 | $44.92 | $31.54 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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XLRE | 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 6/12/2026 at 1:30 PM
Live
Closed
XLRE | FRI | |
|---|---|---|
| Last price | $45.36 | $31.85 |
| 1D performance | +0.98% | +0.98% |
| AuM | $8.17 B | $181.64 M |
| E/R | 0.08% | 0.49% |
Characteristics
XLRE | FRI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | First Trust |
| Benchmark | S&P Real Estate Select Sector Index | S&P United States REIT Index |
| N° of holdings | 31 | 119 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 7, 2015 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
XLRE
USA
99.87%
Other
0.13%
FRI
USA
93.87%
Other
6.13%
Sectors
XLRE
Real Estate
98.33%
Other
1.67%
FRI
Real Estate
93.38%
Other
6.62%
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Diversification
XLRE
Total weight of top 15 holdings out of 15
76.26%
FRI
Total weight of top 15 holdings out of 15
59.62%
Top 15 holdings
Data as of April 30, 2026
XLRE
WELLTOWER INC
10.34%
PROLOGIS REIT
9.00%
EQUINIX INC COMMON STOCK REIT
7.25%
AMERICAN TOWER CL A REIT
5.83%
DIGITAL REALTY REIT
4.77%
SIMON PROPERTY GROUP REIT
4.61%
VENTAS REIT
4.37%
CBRE GROUP
4.34%
PUBLIC STORAGE REIT
4.32%
REALTY INCOME REIT
4.26%
CROWN CASTLE INTERNATIONAL
4.05%
IRON MOUNTAIN
3.90%
VICI PROPERTIES INC
3.34%
EXTRA SPACE STORAGE REIT
3.18%
AVALONBAY COMMUNITIES REIT
2.71%
FRI
WELLTOWER INC
11.37%
PROLOGIS REIT
10.00%
SIMON PROPERTY GROUP REIT
4.72%
DIGITAL REALTY REIT
4.50%
EQUINIX INC COMMON STOCK REIT
4.49%
REALTY INCOME REIT
4.45%
PUBLIC STORAGE REIT
3.57%
VENTAS REIT
3.16%
IRON MOUNTAIN
2.53%
VICI PROPERTIES INC
2.33%
EXTRA SPACE STORAGE REIT
2.28%
AVALONBAY COMMUNITIES REIT
1.98%
EQUITY RESIDENTIAL REIT
1.70%
ESSEX PROPERTY REIT
1.31%
KIMCO REALTY REIT
1.22%
Frequently asked questions about XLRE and FRI
How have the XLRE and FRI ETFs performed in 2026?
As of June 12, 2026, XLRE is up 13.17% year-to-date (YTD), while FRI has returned 17.02%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: XLRE or FRI?
Year-to-date, the XLRE ETF saw -$108M in flows, compared to +$8M for FRI.
Which ETF is more volatile: XLRE or FRI?
Over the past year, XLRE had a volatility of 13.95%, while FRI experienced 13.23%.
Which ETF is bigger: XLRE or FRI?
As of June 12, 2026, XLRE holds $8.17 B in assets under management (AUM), while FRI manages $181.64 M.
What sectors do the XLRE and FRI ETFs invest in?
XLRE leans toward sectors like Real Estate. Meanwhile, FRI focuses on Real Estate.
What are the top holdings of the XLRE ETF and FRI ETF?
XLRE 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: XLRE or FRI?
XLRE holds 31 securities with 76.26% of its assets in the top 15. FRI has 119 securities and a top 15 weight of 59.62%.
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Latest news about XLRE & FRI
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August 5, 2024
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Two Ways to Get Real Estate Income with ETFs
August 2, 2024
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Real Estate Sector Declines on Fed Minutes
May 27, 2024
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Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
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Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
XLRE
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
XLRE
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
XLRE
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