REAI vs. FRI ETF Comparison
Comparison of Intelligent Real Estate ETF (REAI) to First Trust S&P REIT Index Fund (FRI)
REAI
Intelligent Real Estate ETF
REAI Description
REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.
Grade (RS Rating)
Last Trade
$22.09
Average Daily Volume
273
60
FRI
First Trust S&P REIT Index Fund
FRI Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.36
Average Daily Volume
81,591
128
Performance
| Period | REAI | FRI |
|---|---|---|
| 30 Days | -2.15% | 0.21% |
| 60 Days | -2.40% | -0.40% |
| 90 Days | 0.37% | 2.32% |
| 12 Months | 27.07% | 26.65% |
58 Overlapping Holdings
| Symbol | Grade | Weight in REAI | Weight in FRI | Overlap | |
|---|---|---|---|---|---|
| AAT | B | 1.65% | 0.11% | 0.11% | |
| AHH | D | 1.62% | 0.06% | 0.06% | |
| ALX | D | 1.53% | 0.04% | 0.04% | |
| APLE | B | 1.65% | 0.29% | 0.29% | |
| BDN | C | 1.47% | 0.08% | 0.08% | |
| BFS | C | 1.58% | 0.04% | 0.04% | |
| BRX | A | 1.71% | 0.73% | 0.73% | |
| BXP | C | 1.55% | 0.97% | 0.97% | |
| CBL | B | 1.72% | 0.03% | 0.03% | |
| CDP | C | 1.56% | 0.28% | 0.28% | |
| CHCT | C | 1.83% | 0.04% | 0.04% | |
| CPT | B | 1.63% | 1.08% | 1.08% | |
| CUBE | C | 1.55% | 0.91% | 0.91% | |
| DEI | B | 1.69% | 0.26% | 0.26% | |
| DOC | C | 1.58% | 1.26% | 1.26% | |
| DRH | B | 1.64% | 0.16% | 0.16% | |
| EGP | D | 1.55% | 0.7% | 0.7% | |
| ELS | C | 1.7% | 1.12% | 1.12% | |
| EPR | C | 1.49% | 0.28% | 0.28% | |
| EQIX | A | 1.68% | 7.17% | 1.68% | |
| ESRT | C | 1.55% | 0.12% | 0.12% | |
| ESS | B | 1.71% | 1.63% | 1.63% | |
| FR | D | 1.56% | 0.58% | 0.58% | |
| FRT | B | 1.64% | 0.72% | 0.72% | |
| GLPI | C | 1.55% | 1.12% | 1.12% | |
| GOOD | B | 1.68% | 0.06% | 0.06% | |
| HIW | C | 1.53% | 0.28% | 0.28% | |
| HST | C | 1.58% | 1.03% | 1.03% | |
| IIPR | D | 1.28% | 0.25% | 0.25% | |
| INVH | D | 1.6% | 1.61% | 1.6% | |
| IRM | C | 1.51% | 2.79% | 1.51% | |
| KRC | B | 1.65% | 0.35% | 0.35% | |
| LAMR | C | 1.54% | 0.94% | 0.94% | |
| LTC | B | 1.73% | 0.14% | 0.14% | |
| MAA | B | 1.65% | 1.55% | 1.55% | |
| MAC | B | 1.7% | 0.35% | 0.35% | |
| NHI | D | 1.59% | 0.28% | 0.28% | |
| NNN | C | 1.42% | 0.65% | 0.65% | |
| NXRT | B | 1.71% | 0.08% | 0.08% | |
| OHI | C | 1.61% | 0.86% | 0.86% | |
| OLP | B | 1.68% | 0.04% | 0.04% | |
| OPI | F | 0.99% | 0.01% | 0.01% | |
| PDM | D | 1.57% | 0.1% | 0.1% | |
| PLYM | F | 1.43% | 0.06% | 0.06% | |
| PSA | C | 1.56% | 4.39% | 1.56% | |
| RHP | B | 1.62% | 0.57% | 0.57% | |
| SBRA | C | 1.64% | 0.36% | 0.36% | |
| SKT | A | 1.7% | 0.33% | 0.33% | |
| SLG | B | 1.8% | 0.41% | 0.41% | |
| SPG | A | 1.68% | 4.6% | 1.68% | |
| STAG | D | 1.57% | 0.55% | 0.55% | |
| SUI | C | 1.54% | 1.22% | 1.22% | |
| SVC | F | 0.96% | 0.04% | 0.04% | |
| UDR | B | 1.64% | 1.12% | 1.12% | |
| UE | B | 1.75% | 0.23% | 0.23% | |
| UHT | D | 1.58% | 0.04% | 0.04% | |
| VTR | B | 1.64% | 2.21% | 1.64% | |
| XHR | B | 1.62% | 0.13% | 0.13% |
REAI Underweight 70 Positions Relative to FRI
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | F | -8.93% | |
| WELL | A | -6.54% | |
| DLR | B | -4.61% | |
| O | C | -4.11% | |
| EXR | C | -2.91% | |
| VICI | C | -2.76% | |
| AVB | B | -2.72% | |
| EQR | C | -2.1% | |
| ARE | F | -1.42% | |
| KIM | A | -1.4% | |
| WPC | C | -1.01% | |
| REG | A | -1.01% | |
| AMH | C | -0.99% | |
| REXR | F | -0.77% | |
| ADC | A | -0.64% | |
| VNO | C | -0.58% | |
| KRG | B | -0.5% | |
| TRNO | F | -0.5% | |
| COLD | D | -0.48% | |
| EPRT | B | -0.48% | |
| CTRE | C | -0.42% | |
| PECO | A | -0.4% | |
| CUZ | B | -0.39% | |
| IRT | A | -0.39% | |
| BNL | D | -0.27% | |
| PK | C | -0.26% | |
| NSA | C | -0.25% | |
| LXP | D | -0.23% | |
| MPW | F | -0.22% | |
| OUT | A | -0.22% | |
| AKR | B | -0.22% | |
| FCPT | C | -0.22% | |
| ROIC | A | -0.19% | |
| IVT | A | -0.19% | |
| EQC | B | -0.18% | |
| SHO | D | -0.17% | |
| GTY | A | -0.13% | |
| ALEX | B | -0.12% | |
| GNL | F | -0.12% | |
| ELME | D | -0.12% | |
| VRE | B | -0.12% | |
| PEB | D | -0.12% | |
| RLJ | C | -0.12% | |
| JBGS | F | -0.11% | |
| UNIT | B | -0.11% | |
| UMH | B | -0.11% | |
| NTST | C | -0.1% | |
| DEA | D | -0.1% | |
| AIV | C | -0.09% | |
| CSR | B | -0.09% | |
| PGRE | F | -0.08% | |
| INN | D | -0.06% | |
| HPP | F | -0.05% | |
| WSR | A | -0.05% | |
| CLDT | B | -0.04% | |
| PKST | F | -0.04% | |
| FPI | B | -0.04% | |
| GMRE | F | -0.04% | |
| DHC | F | -0.04% | |
| PSTL | D | -0.03% | |
| CTO | B | -0.03% | |
| LAND | F | -0.03% | |
| CIO | C | -0.02% | |
| NXDT | F | -0.02% | |
| PINE | C | -0.02% | |
| BHR | C | -0.02% | |
| BRT | A | -0.02% | |
| ILPT | F | -0.02% | |
| MDV | D | -0.01% | |
| FSP | B | -0.01% |
REAI: Top Represented Industries & Keywords
FRI: Top Represented Industries & Keywords
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