SRVR vs. FRI
SRVR (Pacer Data & Infrastructure Real Estate ETF) and FRI (First Trust S&P REIT Index Fund) are both REIT funds - SRVR tracks the FTSE Nareit All Equity REITs Index while FRI tracks the S&P United States REIT. Both are passively managed. Over the past 5 years, SRVR returned -3.67%/yr vs 5.30%/yr for FRI. A 0.73 correlation means they provide meaningful diversification when combined. SRVR charges 0.49%/yr vs 0.50%/yr for FRI.
Performance
SRVR vs. FRI - Performance Comparison
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Returns By Period
In the year-to-date period, SRVR achieves a 6.87% return, which is significantly lower than FRI's 21.19% return.
SRVR
- 1D
- -1.78%
- 1M
- -10.64%
- 6M
- 0.07%
- YTD
- 6.87%
- 1Y
- -4.54%
- 3Y*
- 3.89%
- 5Y*
- -3.67%
- 10Y*
- —
FRI
- 1D
- 2.48%
- 1M
- 4.21%
- 6M
- 17.34%
- YTD
- 21.19%
- 1Y
- 23.85%
- 3Y*
- 11.98%
- 5Y*
- 5.30%
- 10Y*
- 5.67%
SRVR vs. FRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SRVR Pacer Data & Infrastructure Real Estate ETF | 6.87% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
FRI First Trust S&P REIT Index Fund | 21.19% | 2.80% | 7.84% | 13.33% | -24.66% | 42.55% | -7.90% | 23.67% | 2.34% |
Correlation
The correlation between SRVR and FRI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.73 |
Over the past year, the correlation between SRVR and FRI has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
SRVR vs. FRI — Risk / Return Rank
SRVR
FRI
SRVR vs. FRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data & Infrastructure Real Estate ETF (SRVR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRVR | FRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.16 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.60 | 10.12 | -10.72 |
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Drawdowns
SRVR vs. FRI - Drawdown Comparison
The maximum SRVR drawdown since its inception was -40.99%, smaller than the maximum FRI drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for SRVR and FRI.
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Drawdown Indicators
| SRVR | FRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -71.95% | +30.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -7.57% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -18.90% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -31.21% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.16% | — |
Current DrawdownCurrent decline from peak | -21.75% | 0.00% | -21.75% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -13.62% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 2.36% | +5.19% |
Volatility
SRVR vs. FRI - Volatility Comparison
The current volatility for Pacer Data & Infrastructure Real Estate ETF (SRVR) is 4.22%, while First Trust S&P REIT Index Fund (FRI) has a volatility of 5.13%. This indicates that SRVR experiences smaller price fluctuations and is considered to be less risky than FRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRVR | FRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 5.13% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 10.58% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 13.84% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 18.73% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 21.10% | +0.31% |
SRVR vs. FRI - Expense Ratio Comparison
SRVR has a 0.49% expense ratio, which is lower than FRI's 0.50% expense ratio.
Dividends
SRVR vs. FRI - Dividend Comparison
SRVR's dividend yield for the trailing twelve months is around 2.86%, more than FRI's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRI First Trust S&P REIT Index Fund | 2.37% | 2.99% | 3.33% | 3.24% | 2.52% | 1.44% | 3.08% | 2.28% | 3.21% | 2.82% | 3.27% | 2.66% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.86% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRVR and FRI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRI has higher volatility (5.13%) compared to SRVR (4.22%). In terms of maximum drawdown, SRVR dropped -40.99% vs FRI's -71.95%.
On 5-year performance, FRI leads with 5.30% vs -3.67% for SRVR. On fees, SRVR is cheaper at 0.49% per year. On volatility, SRVR has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FRI has performed better with a 5.30% return vs -3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.49% expense ratio, compared with 0.50% for FRI.
SRVR has the higher dividend yield at 2.86%, compared with 2.37% for FRI.
SRVR tracks FTSE Nareit All Equity REITs Index, while FRI tracks S&P United States REIT. They also come from different issuers: Pacer and First Trust. Their fees differ too: 0.49% for SRVR and 0.50% for FRI.
FRI currently has the higher Sharpe Ratio (1.73 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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