FRI vs IYRI
First Trust S&P REIT Index Fund against NEOS Real Estate High Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
80%
48 shared positions
Fee gap
18 bp
FRI is cheaper
1-year return gap
14.9 pts
FRI is ahead
Larger fund
IYRI
$301M
Side by side
| FRI | IYRI | |
|---|---|---|
| Fund | First Trust S&P REIT Index Fund | NEOS Real Estate High Income ETF |
| Issuer | First Trust | NEOS |
| Category | Real Estate | Covered Call |
| Expense ratio | 0.50% | 0.68% |
| Assets | $183M | $301M |
| Average daily dollar volume | $1.2M | $4.1M |
| Listed | May 8, 2007 | Jan 14, 2025 |
| FrenzyCap score | 42 | 57 |
| 1-month return | −4.1% | −4.0% |
| 3-month return | −8.0% | −8.4% |
| Year to date | +8.0% | −6.2% |
| 1-year return | +6.5% | −8.4% |
| 30-day volatility | 9.9% | 11.3% |
| Worst drawdown, 1 year | −12.7% | −12.5% |
| Trailing 12-month yield | 2.71% | 11.77% |
| Holdings | 132 | 65 |
| Top 10 weight | 52.0% | 51.4% |
| Look-through P/E | 35.1 | 29.2 |
| Holdings vs fair value | +12.2% | +12.1% |
| Holdings above 200-day average | 29% | 29% |
| Net flow, latest 3 reported months | +$7.6M thru Jun 2026 | +$40M thru Jun 2026 |
| 30-day implied volatility | 21.2% | 17.1% |
| Holdings as of | as of Mar 31, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
84% of FRI · 83% of IYRI| Holding | FRI | IYRI |
|---|---|---|
| WELL | 11.31% | 10.70% |
| PLD | 10.07% | 8.84% |
| SPG | 4.85% | 5.16% |
| EQIX | 4.79% | 4.67% |
| DLR | 4.77% | 4.32% |
| O | 4.61% | 4.09% |
| PSA | 3.51% | 3.74% |
| VTR | 3.18% | 3.01% |
| IRM | 2.48% | 2.77% |
| EXR | 2.28% | 2.29% |
| VICI | 2.39% | 2.12% |
| AVB | 1.90% | 1.98% |
| EQR | 1.67% | 1.74% |
| ESS | 1.28% | 1.39% |
| KIM | 1.24% | 1.27% |
| WPC | 1.22% | 1.18% |
| MAA | 1.17% | 1.21% |
| INVH | 1.15% | 1.28% |
| SUI | 1.20% | 1.05% |
| OHI | 1.06% | 1.04% |
| HST | 1.00% | 1.14% |
| REG | 1.02% | 0.97% |
| DOC | 0.94% | 1.13% |
| ELS | 0.99% | 0.92% |
| GLPI | 1.03% | 0.92% |
Sector mix of the stock holdings
| Sector | FRI | IYRI | Gap |
|---|---|---|---|
| Real Estate | 95.9% | 98.2% | −2.3% |
| Industrials | 0.0% | 1.4% | −1.4% |
| Consumer Discretionary | 0.4% | 0.0% | +0.4% |
More: full overlap table · FRI holdings · IYRI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.