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:
0.54
^TNX:
-0.33
FRI:
0.81
^TNX:
-0.33
FRI:
1.11
^TNX:
0.96
FRI:
0.40
^TNX:
-0.13
FRI:
1.91
^TNX:
-0.64
FRI:
4.59%
^TNX:
11.09%
FRI:
16.20%
^TNX:
21.50%
FRI:
-71.96%
^TNX:
-93.78%
FRI:
-10.50%
^TNX:
-49.46%
Returns By Period
In the year-to-date period, FRI achieves a -2.76% return, which is significantly higher than ^TNX's -11.33% return. Over the past 10 years, FRI has underperformed ^TNX with an annualized return of 4.13%, while ^TNX has yielded a comparatively higher 7.88% annualized return.
FRI
-2.76%
-6.32%
-7.18%
8.73%
12.22%
4.13%
^TNX
-11.33%
-3.68%
5.32%
-6.89%
47.37%
7.88%
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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 6.92% compared to Treasury Yield 10 Years (^TNX) at 6.55%. 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.