DTRE vs. FRI
DTRE (First Trust Alerian Disruptive Technology Real Estate ETF) and FRI (First Trust S&P REIT Index Fund) are both REIT funds from First Trust - DTRE tracks the Alerian Disruptive Technology Real Estate Index - Benchmark TR Net while FRI tracks the S&P United States REIT. Both are passively managed. Over the past 10 years, DTRE returned 2.66%/yr vs 5.95%/yr for FRI. A 0.79 correlation means they provide meaningful diversification when combined. DTRE charges 0.60%/yr vs 0.50%/yr for FRI.
Performance
DTRE vs. FRI - Performance Comparison
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Returns By Period
In the year-to-date period, DTRE achieves a 7.19% return, which is significantly lower than FRI's 16.95% return. Over the past 10 years, DTRE has underperformed FRI with an annualized return of 2.66%, while FRI has yielded a comparatively higher 5.95% annualized return.
DTRE
- 1D
- -0.05%
- 1M
- -1.60%
- YTD
- 7.19%
- 6M
- 7.46%
- 1Y
- 6.53%
- 3Y*
- 6.34%
- 5Y*
- -1.27%
- 10Y*
- 2.66%
FRI
- 1D
- 0.20%
- 1M
- 1.78%
- YTD
- 16.95%
- 6M
- 16.56%
- 1Y
- 18.05%
- 3Y*
- 13.69%
- 5Y*
- 5.09%
- 10Y*
- 5.95%
DTRE vs. FRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 7.19% | 8.32% | -9.71% | 13.89% | -26.53% | 27.43% | -8.81% | 21.84% | -4.96% | 10.88% |
FRI First Trust S&P REIT Index Fund | 16.95% | 2.80% | 7.84% | 13.33% | -24.66% | 42.55% | -7.90% | 23.67% | -4.28% | 3.86% |
Correlation
The correlation between DTRE and FRI is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.79 |
The correlation between DTRE and FRI has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
DTRE vs. FRI — Risk / Return Rank
DTRE
FRI
DTRE vs. FRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) 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.
| DTRE | FRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.39 | -1.71 |
| Martin ratioReturn relative to average drawdown | 2.05 | 7.68 | -5.62 |
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Drawdowns
DTRE vs. FRI - Drawdown Comparison
The maximum DTRE drawdown since its inception was -72.26%, roughly equal to the maximum FRI drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for DTRE and FRI.
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Drawdown Indicators
| DTRE | FRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.26% | -71.95% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -7.57% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -18.90% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -34.62% | -31.21% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | -44.16% | +1.37% |
Current DrawdownCurrent decline from peak | -12.28% | -0.05% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -16.87% | -13.66% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.40% | +0.84% |
Volatility
DTRE vs. FRI - Volatility Comparison
The current volatility for First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) is 4.79%, while First Trust S&P REIT Index Fund (FRI) has a volatility of 5.30%. This indicates that DTRE experiences smaller price fluctuations and is considered to be less risky than FRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTRE | FRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.30% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.97% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 13.66% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 18.69% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 21.10% | -2.57% |
DTRE vs. FRI - Expense Ratio Comparison
DTRE has a 0.60% expense ratio, which is higher than FRI's 0.50% expense ratio.
Dividends
DTRE vs. FRI - Dividend Comparison
DTRE's dividend yield for the trailing twelve months is around 3.35%, more than FRI's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTRE First Trust Alerian Disruptive Technology Real Estate ETF | 3.35% | 3.42% | 3.75% | 2.56% | 2.49% | 2.64% | 0.79% | 4.97% | 3.38% | 3.07% | 4.16% | 1.74% |
FRI First Trust S&P REIT Index Fund | 2.49% | 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
DTRE and FRI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRI has higher volatility (5.30%) compared to DTRE (4.79%). In terms of maximum drawdown, DTRE dropped -72.26% vs FRI's -71.95%.
On 10-year performance, FRI leads with 5.95% vs 2.66% for DTRE. On fees, FRI is cheaper at 0.50% per year. On volatility, DTRE has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FRI has performed better with a 5.95% return vs 2.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FRI is cheaper with a 0.50% expense ratio, compared with 0.60% for DTRE.
DTRE has the higher dividend yield at 3.35%, compared with 2.49% for FRI.
DTRE tracks Alerian Disruptive Technology Real Estate Index - Benchmark TR Net, while FRI tracks S&P United States REIT. Their fees differ too: 0.60% for DTRE and 0.50% for FRI.
FRI currently has the higher Sharpe Ratio (1.33 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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