ARMH vs. FRI

Last updated Jul 14, 2026

ARMH (Arm Holdings PLC ADRhedged ETF) and FRI (First Trust S&P REIT Index Fund) are both exchange-traded funds - ARMH is a Technology Equities fund actively managed by Precidian, while FRI is a REIT fund tracking the S&P United States REIT. ARMH is actively managed, while FRI is passively managed. At a correlation of -0.73, they often move in opposite directions. ARMH charges 0.19%/yr vs 0.50%/yr for FRI.

Performance

ARMH vs. FRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arm Holdings PLC ADRhedged ETF (ARMH) and First Trust S&P REIT Index Fund (FRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARMH

• 1D: -6.83%
• 1M: -20.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FRI

• 1D: 0.66%
• 1M: 1.23%
• 6M: 16.58%
• YTD: 18.44%
• 1Y: 21.21%
• 3Y*: 11.11%
• 5Y*: 4.87%
• 10Y*: 5.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARMH vs. FRI - Yearly Performance Comparison

	2026 (YTD)
ARMH Arm Holdings PLC ADRhedged ETF	-3.02%
FRI First Trust S&P REIT Index Fund	2.81%

Correlation

The correlation between ARMH and FRI is -0.73, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.73

Return for Risk

ARMH vs. FRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FRI

FRI Risk / Return Rank: 60
FRI Sharpe Ratio Rank: 58
FRI Sortino Ratio Rank: 56
FRI Omega Ratio Rank: 54
FRI Calmar Ratio Rank: 71
FRI Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARMH vs. FRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arm Holdings PLC ADRhedged ETF (ARMH) and First Trust S&P REIT Index Fund (FRI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ARMH	FRI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.14	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.81	—
Martin ratio: Return relative to average drawdown	—	8.99	—

Drawdowns

ARMH vs. FRI - Drawdown Comparison

The maximum ARMH drawdown since its inception was -32.10%, smaller than the maximum FRI drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for ARMH and FRI.

Drawdown Indicators

	ARMH	FRI	Difference
Max Drawdown Largest peak-to-trough decline	-32.10%	-71.95%	+39.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.16%	—
Current Drawdown Current decline from peak	-32.10%	-0.77%	-31.33%
Average Drawdown Average peak-to-trough decline	-15.18%	-13.63%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	ARMH	FRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	105.58%	13.74%	+91.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.58%	18.70%	+86.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.58%	21.10%	+84.48%

ARMH vs. FRI - Expense Ratio Comparison

ARMH has a 0.19% expense ratio, which is lower than FRI's 0.50% expense ratio.

Dividends

ARMH vs. FRI - Dividend Comparison

ARMH has not paid dividends to shareholders, while FRI's dividend yield for the trailing twelve months is around 2.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARMH Arm Holdings PLC ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRI First Trust S&P REIT Index Fund	2.42%	2.99%	3.33%	3.24%	2.52%	1.44%	3.08%	2.28%	3.21%	2.82%	3.27%	2.66%

Frequently Asked Questions

Can I hold both ARMH and FRI in my portfolio?

ARMH and FRI have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMH or FRI?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMH or FRI?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.50% for FRI.

Which ETF pays a higher dividend yield, ARMH or FRI?

FRI has the higher dividend yield at 2.42%, compared with 0.00% for ARMH.

What is the main difference between ARMH and FRI?

ARMH is categorized as Technology Equities, while FRI is REIT. They also come from different issuers: Precidian and First Trust. Their fees differ too: 0.19% for ARMH and 0.50% for FRI.