FRI vs XLRE
First Trust S&P REIT Index Fund compared with State Street Real Estate Select Sector SPDR ETF on yield, payout growth, payment schedule, cost and risk.
FRI
First Trust S&P REIT Index Fund
TTM yield · Quarterly
XLRE
State Street Real Estate Select Sector SPDR ETF
TTM yield · Quarterly
Quick take
- XLRE yields more today: 3.47% vs 2.28% (forward).
- FRI has grown its payout faster: 7.4%/yr vs 0.9%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year FRI delivered the higher total return: +14.3% vs +7.1% (price change plus payouts).
- XLRE is cheaper to own: 0.08% vs 0.50% expense ratio.
- XLRE has the steadier distribution: consistency 82/100 vs 50/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FRI | XLRE |
|---|---|---|
| Share price | $31.24 | $43.90 |
| TTM yield | 2.49% | 3.20% |
| Forward yield | 2.28% | 3.47% |
| Annual payout per share | $0.712 | $1.524 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 24, 2026 (est.) | Sep 21, 2026 (est.) |
| Expense ratio | 0.50% | 0.08% |
| 1-year payout growth | -7.6% | +1.5% |
| 5-year payout CAGR | +7.4% | +0.9% |
| Consecutive years of increases | 0 years | 2 years |
| Payout consistency (last 12) | 50/100 | 82/100 |
| 1-year total return | +14.3% | +7.1% |
| 1-year price return | +11.5% | +3.8% |
| Size (market cap / AUM) | 196.0M | 8.3B |
| Years paying | 18.7 | 10.7 |
| Sector / category | Real Estate | Real Estate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FRI | XLRE | |
|---|---|---|
| Shares | 320.1 | 227.8 |
| Income per year | $228 | $347 |
| Income per month (avg) | $19 | $29 |
At forward yields, before taxes. Model FRI · Model XLRE
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FRI Sep 24, 2026 | Oct 8, 2026 | $0.178 | Est. |
| FRI Dec 24, 2026 | Jan 7, 2027 | $0.178 | Est. |
| FRI Mar 25, 2027 | Apr 8, 2027 | $0.178 | Est. |
| XLRE Sep 21, 2026 | Oct 5, 2026 | $0.381 | Est. |
| XLRE Dec 21, 2026 | Jan 4, 2027 | $0.381 | Est. |
| XLRE Mar 22, 2027 | Apr 5, 2027 | $0.381 | Est. |
Annual payouts per share
FRIXLRE
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FRI or XLRE?
XLRE currently has the higher trailing yield: FRI yields 2.49% and XLRE yields 3.20%. Yield changes daily with price, so check the live figures above.
How often do FRI and XLRE pay?
FRI pays every quarter and XLRE pays every quarter. FRI's next ex-date is Sep 24, 2026 and XLRE's is Sep 21, 2026.
Which has grown its dividend faster, FRI or XLRE?
FRI has grown its payout faster: 7.4%/yr vs 0.9%/yr over the last 5 years.
Is FRI or XLRE better for income?
It depends on what you are optimising for. FRI and XLRE differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.