FRI vs NETL: holdings overlap, shared companies and scores
As of October 9, 2026, FRI and NETL overlap 12.0% by weight. First Trust S&P REIT Index Fund (FRI): Tracks S&P US REIT Index Colterpoint Net Lease Real Estate ETF (NETL): U.S. net lease real estate.
Updated October 9, 2026
Where FRI and NETL trade against their own history
FRI trades at 30.1 times earnings, against its own median of 30.5, and is cheaper than 57% of its own last 9 years.
NETL trades at 19.7 times earnings, against its own median of 26.4, and is cheaper than 99% of its own last 8 years.
What do FRI and NETL each hold?
55% of FRI is its ten largest holdings.
60% of NETL is its ten largest holdings.
How much do FRI and NETL overlap? 12.0% by weight
As of October 9, 2026, FRI and NETL overlap 12.0% by weight.
12% of FRI is already inside NETL.
99% of NETL is already inside FRI.
FRI holds 128 companies and NETL holds 24; 22 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FRI and NETL? 2.6 and 3.4 out of 10
As of October 9, 2026, ETF Copilot scores FRI 2.6 out of 10 and NETL 3.4 out of 10.
They differ most on Value: FRI 4.7 and NETL 8.8.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FRI | NETL |
|---|---|---|
| Growth | 0.3 | 0.1 |
| Value | 4.7 | 8.8 |
| Risk | 4.2 | 4.4 |
| Quality | 3.6 | 5.6 |
| Return | 1.6 | 1.0 |
FRI is the cheaper of the two at 0.51% a year
As of October 9, 2026, FRI charges 0.51% a year, yields 2.78% and holds $180M in assets across 128 positions.
As of October 9, 2026, NETL charges 0.60% a year, yields 5.27% and holds $47M in assets across 24 positions.
| Measure | FRI | NETL |
|---|---|---|
| Expense ratio | 0.51% | 0.60% |
| Dividend yield | 2.78% | 5.27% |
| Assets under management | $180M | $47M |
| Holdings | 128 | 24 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “FRI vs NETL holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fri-vs-netl
ETF Copilot Pro unlocks FRI vs NETL prices and holdings.
Try Pro free →