- ISIN
- US33734G1085
- CUSIP
- 33734G108
- Issuer
- First Trust
- Inception Date
- May 8, 2007
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P United States REIT
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $177M
Share Price Chart
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Performance
FRI Performance Chart
First Trust S&P REIT Index Fund (FRI) is up 15.2% since the beginning of the year. FRI is currently trading at $31 per share. Investors who bought $1,000 worth of FRI shares 5 years ago would now be looking at an investment worth $1,266.
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Returns By Period
First Trust S&P REIT Index Fund (FRI) has returned 15.15% so far this year and 17.73% over the past 12 months. Over the last ten years, FRI has returned 5.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust S&P REIT Index Fund
- 1D
- 1.21%
- 1M
- 0.21%
- YTD
- 15.15%
- 6M
- 15.28%
- 1Y
- 17.73%
- 3Y*
- 13.10%
- 5Y*
- 4.83%
- 10Y*
- 5.79%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FRI Monthly Returns History
Based on dividend-adjusted daily data since May 10, 2007, FRI's average daily return is +0.04%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +33.3%, while the worst month was Oct 2008 at -32.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FRI closed higher 52% of trading days. The best single day was Nov 24, 2008 with a return of +23.6%, while the worst single day was Mar 16, 2020 at -18.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.93% | 7.54% | -5.55% | 8.53% | 0.01% | 1.47% | 15.15% | ||||||
| 2025 | 1.06% | 3.51% | -3.50% | -2.51% | 2.13% | -0.54% | -0.85% | 4.44% | 0.98% | -1.50% | 2.25% | -2.35% | 2.80% |
| 2024 | -4.27% | 1.91% | 1.93% | -7.06% | 4.47% | 2.85% | 6.30% | 6.49% | 2.33% | -2.77% | 4.20% | -7.46% | 7.84% |
| 2023 | 10.36% | -4.63% | -2.53% | 0.66% | -3.06% | 5.06% | 2.83% | -3.15% | -6.79% | -4.34% | 10.44% | 9.87% | 13.33% |
| 2022 | -6.96% | -3.20% | 6.59% | -4.46% | -6.31% | -7.34% | 8.82% | -5.86% | -12.18% | 4.90% | 5.67% | -5.13% | -24.66% |
| 2021 | 0.10% | 3.84% | 4.60% | 7.90% | 0.88% | 2.62% | 4.78% | 1.74% | -5.19% | 7.67% | -0.66% | 8.59% | 42.55% |
Benchmark Metrics
First Trust S&P REIT Index Fund has an annualized alpha of -1.15%, beta of 0.97, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since May 10, 2007.
- This ETF participated in 109.24% of S&P 500 Index downside but only 94.06% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.15%
- Beta
- 0.97
- R²
- 0.48
- Upside Capture
- 94.06%
- Downside Capture
- 109.24%
Expense Ratio
FRI has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRI ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.43 |
| Martin ratioReturn relative to average drawdown | 7.42 | 12.44 | -5.02 |
Dividends
Dividend History
First Trust S&P REIT Index Fund provided a 2.52% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.82 | $0.91 | $0.85 | $0.60 | $0.47 | $0.71 | $0.60 | $0.69 | $0.66 | $0.75 | $0.59 |
Dividend yield | 2.52% | 2.99% | 3.33% | 3.24% | 2.52% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust S&P REIT Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.33 | $0.82 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.43 | $0.91 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.24 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.24 | $0.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust S&P REIT Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust S&P REIT Index Fund was 71.95%, occurring on Mar 6, 2009. Recovery took 838 trading sessions.
The current First Trust S&P REIT Index Fund drawdown is 1.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.95%Mar 2009 | 1y 9mo | 3y 3mo | 5y 1moMay 2007 - Jul 2012 |
COVID crash2020 | -44.16%Mar 2020 | 28d | 1y 29d | 1y 1moFeb 2020 - Apr 2021 |
2023 bear market2023 | -31.21%Oct 2023 | 1y 9mo | 1y 1mo | 2y 10moJan 2022 - Nov 2024 |
2025 selloff2025 | -18.90%Apr 2025 | 4mo 10d | 10mo 4d | 1y 2moNov 2024 - Feb 2026 |
2013 correction2013 | -18.27%Aug 2013 | 2mo 29d | 9mo 20d | 1y 14dMay 2013 - Jun 2014 |
Drawdown Indicators
| FRI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.95% | -56.78% | -15.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -9.10% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -18.90% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -25.43% | -5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -33.92% | -10.24% |
Current DrawdownCurrent decline from peak | -1.59% | -1.80% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -10.71% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.03% | +0.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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