IYR vs. FRI
Compare and contrast key facts about iShares U.S. Real Estate ETF (IYR) and First Trust S&P REIT Index Fund (FRI).
IYR and FRI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYR is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Real Estate Index. It was launched on Jun 12, 2000. 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. Both IYR and FRI 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: IYR or FRI.
Key characteristics
| IYR | FRI | |
|---|---|---|
| YTD Return | 11.16% | 14.37% |
| 1Y Return | 32.35% | 35.58% |
| 3Y Return (Ann) | -0.47% | 1.20% |
| 5Y Return (Ann) | 4.67% | 5.33% |
| 10Y Return (Ann) | 6.23% | 6.04% |
| Sharpe Ratio | 1.78 | 1.97 |
| Sortino Ratio | 2.54 | 2.84 |
| Omega Ratio | 1.32 | 1.35 |
| Calmar Ratio | 1.01 | 1.19 |
| Martin Ratio | 6.81 | 9.24 |
| Ulcer Index | 4.44% | 3.61% |
| Daily Std Dev | 17.01% | 16.92% |
| Max Drawdown | -74.13% | -71.95% |
| Current Drawdown | -7.36% | -2.36% |
Correlation
The correlation between IYR and FRI 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
IYR vs. FRI - Performance Comparison
In the year-to-date period, IYR achieves a 11.16% return, which is significantly lower than FRI's 14.37% return. Both investments have delivered pretty close results over the past 10 years, with IYR having a 6.23% annualized return and FRI not far behind at 6.04%. 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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IYR vs. FRI - Expense Ratio Comparison
IYR has a 0.42% expense ratio, which is lower than FRI's 0.50% expense ratio.
Risk-Adjusted Performance
IYR vs. FRI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and First Trust S&P REIT Index Fund (FRI). 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
IYR vs. FRI - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.37%, less than FRI's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.37% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% | 3.66% | 3.78% |
FRI First Trust S&P REIT Index Fund | 2.57% | 3.24% | 2.51% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% | 2.07% | 3.10% |
Drawdowns
IYR vs. FRI - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, roughly equal to the maximum FRI drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for IYR and FRI. For additional features, visit the drawdowns tool.
Volatility
IYR vs. FRI - Volatility Comparison
iShares U.S. Real Estate ETF (IYR) has a higher volatility of 5.61% compared to First Trust S&P REIT Index Fund (FRI) at 5.02%. This indicates that IYR's price experiences larger fluctuations and is considered to be riskier than FRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.