FRI vs. ^TNX
Compare and contrast key facts about First Trust S&P REIT Index Fund (FRI) and Treasury Yield 10 Years (^TNX).
FRI is a passively managed fund by First Trust that tracks the performance of the S&P United States REIT. It was launched on May 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRI or ^TNX.
Correlation
The correlation between FRI and ^TNX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FRI vs. ^TNX - Performance Comparison
Key characteristics
FRI:
0.24
^TNX:
-0.39
FRI:
0.42
^TNX:
-0.43
FRI:
1.06
^TNX:
0.95
FRI:
0.18
^TNX:
-0.15
FRI:
0.86
^TNX:
-0.76
FRI:
4.68%
^TNX:
11.14%
FRI:
16.78%
^TNX:
21.56%
FRI:
-71.96%
^TNX:
-93.78%
FRI:
-14.38%
^TNX:
-50.33%
Returns By Period
In the year-to-date period, FRI achieves a -6.98% return, which is significantly higher than ^TNX's -12.86% return. Over the past 10 years, FRI has underperformed ^TNX with an annualized return of 3.84%, while ^TNX has yielded a comparatively higher 7.75% annualized return.
FRI
-6.98%
-11.33%
-11.02%
4.45%
11.22%
3.84%
^TNX
-12.86%
-6.57%
0.10%
-7.52%
46.81%
7.75%
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Risk-Adjusted Performance
FRI vs. ^TNX — Risk-Adjusted Performance Rank
FRI
^TNX
FRI vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
FRI vs. ^TNX - Drawdown Comparison
The maximum FRI drawdown since its inception was -71.96%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for FRI and ^TNX. For additional features, visit the drawdowns tool.
Volatility
FRI vs. ^TNX - Volatility Comparison
First Trust S&P REIT Index Fund (FRI) has a higher volatility of 7.69% compared to Treasury Yield 10 Years (^TNX) at 6.67%. This indicates that FRI's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.