FRI vs. EWRE
Compare and contrast key facts about First Trust S&P REIT Index Fund (FRI) and Invesco S&P 500® Equal Weight Real Estate ETF (EWRE).
FRI and EWRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EWRE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Real Estate Index. It was launched on Aug 13, 2015. Both FRI and EWRE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRI or EWRE.
Key characteristics
| FRI | EWRE |
|---|
Correlation
The correlation between FRI and EWRE is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FRI vs. EWRE - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FRI vs. EWRE - Expense Ratio Comparison
FRI has a 0.50% expense ratio, which is higher than EWRE's 0.40% expense ratio.
Risk-Adjusted Performance
FRI vs. EWRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) and Invesco S&P 500® Equal Weight Real Estate ETF (EWRE). 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.
Dividends
FRI vs. EWRE - Dividend Comparison
FRI's dividend yield for the trailing twelve months is around 2.60%, while EWRE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRI First Trust S&P REIT Index Fund | 2.60% | 3.24% | 2.51% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% | 2.07% | 3.10% |
EWRE Invesco S&P 500® Equal Weight Real Estate ETF | 2.23% | 2.91% | 3.07% | 2.56% | 3.82% | 2.55% | 3.02% | 2.17% | 2.01% | 1.03% | 0.00% | 0.00% |
Drawdowns
FRI vs. EWRE - Drawdown Comparison
Volatility
FRI vs. EWRE - Volatility Comparison
First Trust S&P REIT Index Fund (FRI) has a higher volatility of 4.90% compared to Invesco S&P 500® Equal Weight Real Estate ETF (EWRE) at 0.00%. This indicates that FRI's price experiences larger fluctuations and is considered to be riskier than EWRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.