FRI vs. USRT
Compare and contrast key facts about First Trust S&P REIT Index Fund (FRI) and iShares Core U.S. REIT ETF (USRT).
FRI and USRT 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. USRT is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT Equity REITs Index. It was launched on May 4, 2007. Both FRI and USRT 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 USRT.
Key characteristics
| FRI | USRT | |
|---|---|---|
| YTD Return | -6.54% | -6.33% |
| 1Y Return | 5.27% | 5.65% |
| 3Y Return (Ann) | -0.57% | -0.24% |
| 5Y Return (Ann) | 2.36% | 2.80% |
| 10Y Return (Ann) | 5.07% | 5.63% |
| Sharpe Ratio | 0.23 | 0.25 |
| Daily Std Dev | 18.62% | 18.85% |
| Max Drawdown | -71.95% | -69.89% |
| Current Drawdown | -20.21% | -19.56% |
Correlation
The correlation between FRI and USRT is 0.91, 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. USRT - Performance Comparison
The year-to-date returns for both investments are quite close, with FRI having a -6.54% return and USRT slightly higher at -6.33%. Over the past 10 years, FRI has underperformed USRT with an annualized return of 5.07%, while USRT has yielded a comparatively higher 5.63% annualized return. 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. USRT - Expense Ratio Comparison
FRI has a 0.50% expense ratio, which is higher than USRT's 0.08% expense ratio.
Risk-Adjusted Performance
FRI vs. USRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P REIT Index Fund (FRI) and iShares Core U.S. REIT ETF (USRT). 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. USRT - Dividend Comparison
FRI's dividend yield for the trailing twelve months is around 2.94%, less than USRT's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRI First Trust S&P REIT Index Fund | 2.94% | 3.24% | 2.52% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% | 2.07% | 3.10% |
USRT iShares Core U.S. REIT ETF | 3.36% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% | 3.46% | 3.84% |
Drawdowns
FRI vs. USRT - Drawdown Comparison
The maximum FRI drawdown since its inception was -71.95%, roughly equal to the maximum USRT drawdown of -69.89%. Use the drawdown chart below to compare losses from any high point for FRI and USRT. For additional features, visit the drawdowns tool.
Volatility
FRI vs. USRT - Volatility Comparison
First Trust S&P REIT Index Fund (FRI) and iShares Core U.S. REIT ETF (USRT) have volatilities of 6.40% and 6.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.