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FRI vs SPY

Comparison between FIRST TRUST S&P REIT INDEX FUND (FRI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FRI, delivering a return of +13.4% compared to +4.7%

FRI vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FRI
$176M
Winner
SPY
$784B
Expense Ratio
FRI
0.50%
Winner
SPY
0.09%
Max Drawdown
FRI
73.28%
Winner
SPY
56.47%
Sharpe Ratio
FRI
0.97
Winner
SPY
1.50
5Y Beta
Winner
FRI
0.53
SPY
1.00
P/E Ratio
FRI
36.83
Winner
SPY
28.29
Forward P/E
FRI
35.75
Winner
SPY
21.76
5Y Dividends CAGR
FRI
3.24%
Winner
SPY
5.43%
5Y EPS CAGR
FRI
8.60%
Winner
SPY
25.98%
Debt to Equity
FRI
44.21%
Winner
SPY
30.79%
P/S Ratio
FRI
7.35
Winner
SPY
3.79
P/B Ratio
Winner
FRI
2.42
SPY
5.67

FRI vs SPY - Holdings Comparison

FRI and SPY have 26 common holdings. Overlap is 1.42%

FRI's top 25 holdings weight is 73.09%. SPY's top 25 holdings weight is 52.46%.

RankFRISPY
#1
WELLTOWER INC (WELL) - 10.45%
NVIDIA CORP (NVDA) - 8.30%
#2
PROLOGIS INC (PLD) - 10.00%
APPLE INC (AAPL) - 7.09%
#3
SIMON PROPERTY GROUP INC (SPG) - 4.77%
MICROSOFT CORP (MSFT) - 5.02%
#4
EQUINIX INC (EQIX) - 4.74%
AMAZON.COM INC (AMZN) - 3.84%
#5
DIGITAL REALTY TRUST INC (DLR) - 4.57%
BROADCOM INC (AVGO) - 3.50%
#6
REALTY INCOME CORP (O) - 4.23%
ALPHABET INC CLASS A (GOOGL) - 3.23%
#7
MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 3.95%
ALPHABET INC CLASS C (GOOG) - 2.57%
#8
PUBLIC STORAGE (PSA) - 3.62%
META PLATFORMS INC CLASS A (META) - 2.00%
#9
VENTAS INC (VTR) - 2.92%
MICRON TECHNOLOGY INC (MU) - 1.84%
#10
IRON MOUNTAIN INC (IRM) - 2.91%
TESLA INC (TSLA) - 1.83%
#11
EXTRA SPACE STORAGE INC (EXR) - 2.32%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.32%
#12
VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.31%
ADVANCED MICRO DEVICES INC (AMD) - 1.30%
#13
AVALONBAY COMMUNITIES INC (AVB) - 1.99%
ELI LILLY AND CO (LLY) - 1.29%
#14
EQUITY RESIDENTIAL (EQR) - 1.75%
JPMORGAN CHASE & CO (JPM) - 1.24%
#15
ESSEX PROPERTY TRUST INC (ESS) - 1.37%
EXXON MOBIL CORP (XOM) - 0.96%
#16
INVITATION HOMES INC (INVH) - 1.25%
JOHNSON & JOHNSON (JNJ) - 0.82%
#17
W.P. CAREY INC (WPC) - 1.24%
VISA INC CLASS A (V) - 0.82%
#18
KIMCO REALTY CORP (KIM) - 1.23%
INTEL CORP (INTC) - 0.78%
#19
MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.16%
CISCO SYSTEMS INC (CSCO) - 0.77%
#20
HOST HOTELS & RESORTS INC (HST) - 1.16%
WALMART INC (WMT) - 0.76%
#21
SUN COMMUNITIES INC (SUI) - 1.08%
COSTCO WHOLESALE CORP (COST) - 0.65%
#22
HEALTHPEAK PROPERTIES INC (DOC) - 1.04%
CATERPILLAR INC (CAT) - 0.65%
#23
OMEGA HEALTHCARE INVESTORS INC (OHI) - 1.02%
ORACLE CORP (ORCL) - 0.64%
#24
GAMING AND LEISURE PROPERTIES INC (GLPI) - 1.01%
LAM RESEARCH CORP (LRCX) - 0.64%
#25
LAMAR ADVERTISING CO CLASS A (LAMR) - 1.00%
APPLIED MATERIALS INC (AMAT) - 0.60%
Total Holdings131505

FRI vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
FRI
+2.25%
SPY
+0.48%
3M
FRI
+9.14%
Winner
SPY
+11.67%
6M
Winner
FRI
+17.07%
SPY
+9.42%
1Y
FRI
+18.69%
Winner
SPY
+24.27%
5Y(CAGR)
FRI
+4.71%
Winner
SPY
+13.36%
10Y(CAGR)
FRI
+6.05%
Winner
SPY
+15.42%
Max(CAGR)
FRI
+5.23%
Winner
SPY
+8.49%

FRI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFRISPY
2026+16.80%+8.88%
2025+3.67%+18.00%
2024+6.78%+25.59%
2023+13.52%+26.72%
2022-24.21%-18.64%
2021+47.78%+30.52%
2020-6.50%+17.28%
2019+26.83%+31.09%
2018-3.95%-5.24%
2017+3.50%+20.78%
2016+9.19%+13.59%
2015+0.47%+1.31%
2014+30.00%+14.56%
2013+0.53%+29.00%
2012+16.38%+14.17%
2011+6.31%+0.85%
2010+28.60%+13.14%
2009+30.64%+22.67%
2008-38.19%-36.25%
2007-19.25%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FRI vs SPY Drawdown Comparison

The maximum drawdown for FRI was -71.97%, occurring on Mar 6, 2009. Recovery took 1284 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SPY drawdown is -2.35%.

RankFRISPY
#1-71.97%
May 30, 2007 - Jul 2, 2012		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-44.16%
Feb 21, 2020 - Apr 21, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-31.25%
Dec 31, 2021 - Feb 6, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-18.28%
May 21, 2013 - Jun 5, 2014		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-17.40%
Jan 26, 2015 - May 6, 2016		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-17.36%
Aug 1, 2016 - Dec 6, 2018		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-13.16%
Dec 6, 2018 - Jan 31, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-9.31%
Sep 14, 2012 - Jan 15, 2013		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-7.58%
Sep 5, 2014 - Oct 27, 2014		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.57%
Mar 2, 2026 - Apr 16, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.06%
Sep 2, 2021 - Oct 26, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.39%
Oct 24, 2019 - Feb 10, 2020		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-5.83%
May 9, 2016 - Jun 28, 2016		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-5.74%
Nov 24, 2021 - Dec 8, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-5.66%
May 11, 2007 - May 30, 2007		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FRI and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93
-101

Dividend Comparison (1999 - 2026)

FRI vs SPY dividend yield comparison.

YearFRISPY
20260.29%0.24%
20252.99%1.07%
20243.33%1.21%
20233.24%1.40%
20222.52%1.65%
20211.44%1.20%
20203.08%1.52%
20192.28%1.75%
20183.21%2.04%
20172.82%1.80%
20163.27%2.03%
20152.66%2.06%
20142.07%1.87%
20133.10%1.81%
20122.27%2.18%
20112.20%2.05%
20102.04%1.80%
20092.34%1.95%
20083.31%3.02%
20072.37%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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