FRI vs. PFFR
Compare and contrast key facts about First Trust S&P REIT Index Fund (FRI) and InfraCap REIT Preferred ETF (PFFR).
FRI and PFFR 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. PFFR is a passively managed fund by Virtus Investment Partners that tracks the performance of the Indxx REIT Preferred Stock Index. It was launched on Feb 7, 2017. Both FRI and PFFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FRI vs. PFFR - Performance Comparison
Loading graphics...
FRI vs. PFFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRI First Trust S&P REIT Index Fund | 4.55% | 2.80% | 7.84% | 13.33% | -24.66% | 42.55% | -7.90% | 23.67% | -4.28% | 3.54% |
PFFR InfraCap REIT Preferred ETF | -2.23% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.60% |
Returns By Period
In the year-to-date period, FRI achieves a 4.55% return, which is significantly higher than PFFR's -2.23% return.
FRI
- 1D
- 1.58%
- 1M
- -5.55%
- YTD
- 4.55%
- 6M
- 2.82%
- 1Y
- 6.47%
- 3Y*
- 8.59%
- 5Y*
- 5.00%
- 10Y*
- 4.97%
PFFR
- 1D
- 0.64%
- 1M
- -2.73%
- YTD
- -2.23%
- 6M
- -3.91%
- 1Y
- 3.15%
- 3Y*
- 9.23%
- 5Y*
- 0.69%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FRI vs. PFFR - Expense Ratio Comparison
FRI has a 0.50% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Return for Risk
FRI vs. PFFR — Risk / Return Rank
FRI
PFFR
FRI vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) and InfraCap REIT Preferred ETF (PFFR). 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.
| FRI | PFFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.37 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.64 | 0.55 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.36 | +0.23 |
Martin ratioReturn relative to average drawdown | 2.57 | 0.89 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FRI | PFFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.37 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.07 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.14 | +0.03 |
Correlation
The correlation between FRI and PFFR is 0.38, 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.
Dividends
FRI vs. PFFR - Dividend Comparison
FRI's dividend yield for the trailing twelve months is around 2.78%, less than PFFR's 8.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRI First Trust S&P REIT Index Fund | 2.78% | 2.99% | 3.33% | 3.24% | 2.52% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% |
PFFR InfraCap REIT Preferred ETF | 8.40% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% | 0.00% | 0.00% |
Drawdowns
FRI vs. PFFR - Drawdown Comparison
The maximum FRI drawdown since its inception was -71.95%, which is greater than PFFR's maximum drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for FRI and PFFR.
Loading graphics...
Drawdown Indicators
| FRI | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.95% | -53.02% | -18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -6.57% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -29.80% | -1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | — | — |
Current DrawdownCurrent decline from peak | -5.88% | -5.97% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -7.07% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.65% | +0.34% |
Volatility
FRI vs. PFFR - Volatility Comparison
First Trust S&P REIT Index Fund (FRI) has a higher volatility of 4.33% compared to InfraCap REIT Preferred ETF (PFFR) at 3.66%. This indicates that FRI's price experiences larger fluctuations and is considered to be riskier than PFFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FRI | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.66% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 5.77% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 8.61% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 10.38% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 20.70% | +0.36% |