{
  "page": "compare",
  "query": {
    "a": "CAAA",
    "b": "FRI"
  },
  "retrieved_at": "2026-07-07T17:07:43+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "First Trust AAA CMBS ETF",
    "ticker": "CAAA",
    "slug": "CAAA",
    "series_id": "S000084026",
    "html_url": "https://fundwatcher.app/funds/CAAA/"
  },
  "fund_b": {
    "name": "First Trust S&P REIT Index Fund",
    "ticker": "FRI",
    "slug": "FRI",
    "series_id": "S000017163",
    "html_url": "https://fundwatcher.app/funds/FRI/"
  },
  "overlap": {
    "coverage_a_by_b": "0.02032396583749248036795299353",
    "coverage_b_by_a": "0.02032396583749248036795299353",
    "shared_count": 1,
    "as_of": {
      "a": "2026-04-30",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "MSILF Treasury Portfolio, Class Institutional",
        "value": "650124.06",
        "weight": "0.02032397",
        "shared": true
      },
      {
        "name": "CSMC SERIES 2019 UVIL",
        "value": "611284.25",
        "weight": "0.01910977",
        "shared": false
      },
      {
        "name": "BX Trust, Series 2025-DELC, Class A",
        "value": "601496.28",
        "weight": "0.01880378",
        "shared": false
      },
      {
        "name": "Trust (The), Series 2023-MIC, Class A",
        "value": "564810.72",
        "weight": "0.01765693",
        "shared": false
      },
      {
        "name": "BSTN Commercial Mortgage Trust 2025-1C",
        "value": "562241.61",
        "weight": "0.01757661",
        "shared": false
      },
      {
        "name": "CENT 2025-CITY A",
        "value": "553031.82",
        "weight": "0.01728870",
        "shared": false
      },
      {
        "name": "SWCH COMMERCIAL MORTGAGE TRUST SWCH 2025 DATA A 144A",
        "value": "550939.73",
        "weight": "0.01722330",
        "shared": false
      },
      {
        "name": "CHI COMMERCIAL MORTGAGE TRUST 2025-SFT SER 2025-SFT CL A V/R REGD 144A P/P 5.48216000",
        "value": "527858.81",
        "weight": "0.01650175",
        "shared": false
      },
      {
        "name": "NY Commercial Mortgage Trust, Series 2025-299P, Class A",
        "value": "519412.55",
        "weight": "0.01623771",
        "shared": false
      },
      {
        "name": "BBCMS Mortgage Trust, Series 2018-TALL, Class A",
        "value": "514014.17",
        "weight": "0.01606894",
        "shared": false
      },
      {
        "name": "BANK 2020-BN25 A5",
        "value": "502689.82",
        "weight": "0.01571492",
        "shared": false
      },
      {
        "name": "J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2025-PHNY, Class A",
        "value": "501001.05",
        "weight": "0.01566213",
        "shared": false
      },
      {
        "name": "INTL Commercial Mortgage Trust 2025-PLAZA",
        "value": "500001.85",
        "weight": "0.01563089",
        "shared": false
      },
      {
        "name": "United States Treasury Bill",
        "value": "499454.69",
        "weight": "0.01561379",
        "shared": false
      },
      {
        "name": "TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A",
        "value": "499039.50",
        "weight": "0.01560081",
        "shared": false
      },
      {
        "name": "GGP 2026-2PAK A",
        "value": "498736.45",
        "weight": "0.01559134",
        "shared": false
      },
      {
        "name": "VRTX Trust, Series 2025-HQ, Class A",
        "value": "494984.65",
        "weight": "0.01547405",
        "shared": false
      },
      {
        "name": "BBCMS 2020-C8 A5",
        "value": "492173.55",
        "weight": "0.01538617",
        "shared": false
      },
      {
        "name": "BENCHMARK 2021-B25 MORTGAGE TRUST BMARK 2021-B25 A4",
        "value": "456969.10",
        "weight": "0.01428562",
        "shared": false
      },
      {
        "name": "BX TRUST",
        "value": "454753.47",
        "weight": "0.01421635",
        "shared": false
      },
      {
        "name": "SKY Trust 2025-LINE",
        "value": "454610.29",
        "weight": "0.01421188",
        "shared": false
      },
      {
        "name": "Benchmark 2023-B40 Mortgage Trust",
        "value": "454499.85",
        "weight": "0.01420843",
        "shared": false
      },
      {
        "name": "Citigroup Commercial Mortgage Trust, Series 2020-420K, Class A",
        "value": "448823.30",
        "weight": "0.01403097",
        "shared": false
      },
      {
        "name": "BANK 2020-BN29 A4",
        "value": "442007.53",
        "weight": "0.01381789",
        "shared": false
      },
      {
        "name": "BWAY Trust, Series 2025-1535, Class A",
        "value": "420082.17",
        "weight": "0.01313247",
        "shared": false
      },
      {
        "name": "BBCMS 2017-C1 A4",
        "value": "397233.76",
        "weight": "0.01241819",
        "shared": false
      },
      {
        "name": "NYO Commercial Mortgage Trust, Series 2021-1290, Class A",
        "value": "374874.34",
        "weight": "0.01171920",
        "shared": false
      },
      {
        "name": "WFCM 2018-C47 A4",
        "value": "374400.79",
        "weight": "0.01170440",
        "shared": false
      },
      {
        "name": "BMO 2025-C12 Mortgage Trust",
        "value": "366346.93",
        "weight": "0.01145262",
        "shared": false
      },
      {
        "name": "BANK 2020-BN30 A4",
        "value": "366199.52",
        "weight": "0.01144801",
        "shared": false
      },
      {
        "name": "Arbor Multifamily Mortgage Securities Trust 2020-MF1",
        "value": "363692.71",
        "weight": "0.01136964",
        "shared": false
      },
      {
        "name": "WFCM 2022-C62 A4 FRN 04-15-55",
        "value": "362312.98",
        "weight": "0.01132651",
        "shared": false
      },
      {
        "name": "Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2",
        "value": "355235.75",
        "weight": "0.01110526",
        "shared": false
      },
      {
        "name": "WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-B33RP WFCM 2025-B33RP A",
        "value": "350185.29",
        "weight": "0.01094738",
        "shared": false
      },
      {
        "name": "Arbor Multifamily Mortgage Securities Trust 2021-MF2",
        "value": "349306.00",
        "weight": "0.01091989",
        "shared": false
      },
      {
        "name": "Citigroup Commercial Mortgage Trust, Series 2019-GC43, Class AAB",
        "value": "342516.40",
        "weight": "0.01070764",
        "shared": false
      },
      {
        "name": "WHARF COMMERCIAL MORTGAGE TRUS WHARF 2025 DC A 144A",
        "value": "331017.54",
        "weight": "0.01034816",
        "shared": false
      },
      {
        "name": "SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 A 144A",
        "value": "319254.84",
        "weight": "0.00998044",
        "shared": false
      },
      {
        "name": "ILPT TRUST 2019-SURF 4.145% 02/11/2041 144A",
        "value": "318510.92",
        "weight": "0.00995718",
        "shared": false
      },
      {
        "name": "BMO 2024-C9 Mortgage Trust",
        "value": "313482.63",
        "weight": "0.00979999",
        "shared": false
      },
      {
        "name": "BBCMS Mortgage Trust, Series 2022-C18, Class A5",
        "value": "312382.38",
        "weight": "0.00976560",
        "shared": false
      },
      {
        "name": "GSMS Trust, Series 2024-FAIR, Class A",
        "value": "305596.56",
        "weight": "0.00955346",
        "shared": false
      },
      {
        "name": "Freddie Mac Multifamily Structured Pass Through Certificates",
        "value": "305062.78",
        "weight": "0.00953677",
        "shared": false
      },
      {
        "name": "MULTIFAMILY PERMANENT MBS",
        "value": "304018.74",
        "weight": "0.00950413",
        "shared": false
      },
      {
        "name": "MSC 2019-L2 A3",
        "value": "303860.86",
        "weight": "0.00949920",
        "shared": false
      },
      {
        "name": "GS MTG SECS TR 2017-GS6 3.164% 05/10/2050",
        "value": "301988.51",
        "weight": "0.00944067",
        "shared": false
      },
      {
        "name": "KRE 2026-ICNA A",
        "value": "301329.87",
        "weight": "0.00942008",
        "shared": false
      },
      {
        "name": "Hilton USA Trust, Series 2025-NVIL, Class A",
        "value": "300945.48",
        "weight": "0.00940806",
        "shared": false
      },
      {
        "name": "BANK 2020-BNK26",
        "value": "300487.62",
        "weight": "0.00939375",
        "shared": false
      },
      {
        "name": "SHOPS 2026-CSTL A",
        "value": "298812.36",
        "weight": "0.00934137",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "WELLTOWER INC",
        "value": "17516512.87",
        "weight": "0.11336795",
        "shared": false
      },
      {
        "name": "PROLOGIS INC REIT",
        "value": "15601337.58",
        "weight": "0.10097282",
        "shared": false
      },
      {
        "name": "SIMON PROPERTY",
        "value": "7521076.13",
        "weight": "0.04867687",
        "shared": false
      },
      {
        "name": "EQUINIX INC",
        "value": "7425318.00",
        "weight": "0.04805712",
        "shared": false
      },
      {
        "name": "DIGITAL REALTY TRUST INC",
        "value": "7389691.26",
        "weight": "0.04782654",
        "shared": false
      },
      {
        "name": "REALTY INCOME CORP REIT",
        "value": "7146129.90",
        "weight": "0.04625019",
        "shared": false
      },
      {
        "name": "PUBLIC STORAGE",
        "value": "5433040.16",
        "weight": "0.03516297",
        "shared": false
      },
      {
        "name": "MSILF Treasury Portfolio, Class Institutional",
        "value": "5044656.40",
        "weight": "0.03264933",
        "shared": true
      },
      {
        "name": "VENTAS INC REIT",
        "value": "4932151.80",
        "weight": "0.03192119",
        "shared": false
      },
      {
        "name": "IRON MOUNTAIN INC",
        "value": "3836684.82",
        "weight": "0.02483126",
        "shared": false
      },
      {
        "name": "VICI PROPERTIES",
        "value": "3707679.16",
        "weight": "0.02399633",
        "shared": false
      },
      {
        "name": "EXTRA SPACE STORAGE INC",
        "value": "3534084.63",
        "weight": "0.02287281",
        "shared": false
      },
      {
        "name": "AVALONBAY COMMUNITIES INC REIT",
        "value": "2936869.65",
        "weight": "0.01900760",
        "shared": false
      },
      {
        "name": "EQUITY RESIDENTIAL REIT",
        "value": "2582134.10",
        "weight": "0.01671173",
        "shared": false
      },
      {
        "name": "ESSEX PROPERTY TRUST INC",
        "value": "1980286.00",
        "weight": "0.01281653",
        "shared": false
      },
      {
        "name": "KIMCO REALTY CORPORATION",
        "value": "1923297.18",
        "weight": "0.01244770",
        "shared": false
      },
      {
        "name": "WP CAREY INC",
        "value": "1891122.92",
        "weight": "0.01223946",
        "shared": false
      },
      {
        "name": "SUN COMMUNITIES INC - REIT",
        "value": "1859295.56",
        "weight": "0.01203348",
        "shared": false
      },
      {
        "name": "MID AMERICA APT CMNTY INC",
        "value": "1812749.28",
        "weight": "0.01173223",
        "shared": false
      },
      {
        "name": "INVITATION HOMES INC",
        "value": "1779558.20",
        "weight": "0.01151741",
        "shared": false
      },
      {
        "name": "OMEGA HEALTHCARE INVESTORS INC",
        "value": "1644608.42",
        "weight": "0.01064401",
        "shared": false
      },
      {
        "name": "GAMING AND LEISURE PROPRTI INC",
        "value": "1594391.58",
        "weight": "0.01031900",
        "shared": false
      },
      {
        "name": "REGENCY CENTERS CORP REIT",
        "value": "1581369.66",
        "weight": "0.01023472",
        "shared": false
      },
      {
        "name": "HOST HOTELS & RE",
        "value": "1555926.12",
        "weight": "0.01007005",
        "shared": false
      },
      {
        "name": "EQUITY LIFESTYLE PPTYS INC",
        "value": "1536281.04",
        "weight": "0.00994291",
        "shared": false
      },
      {
        "name": "HEALTHPEAK PROPERTIES INC",
        "value": "1449996.79",
        "weight": "0.00938447",
        "shared": false
      },
      {
        "name": "LAMAR ADVERTISING CO CL A",
        "value": "1397059.80",
        "weight": "0.00904186",
        "shared": false
      },
      {
        "name": "UDR INC",
        "value": "1289990.64",
        "weight": "0.00834890",
        "shared": false
      },
      {
        "name": "CAMDEN PROP TR",
        "value": "1282373.46",
        "weight": "0.00829960",
        "shared": false
      },
      {
        "name": "EASTGROUP PROP",
        "value": "1251393.49",
        "weight": "0.00809910",
        "shared": false
      },
      {
        "name": "AMERICAN HOMES-A",
        "value": "1155748.40",
        "weight": "0.00748007",
        "shared": false
      },
      {
        "name": "AGREE REALTY CORP",
        "value": "1146906.70",
        "weight": "0.00742285",
        "shared": false
      },
      {
        "name": "BRIXMOR PROPERTY",
        "value": "1121184.00",
        "weight": "0.00725637",
        "shared": false
      },
      {
        "name": "AMERICAN HEALTHCARE REIT INC",
        "value": "1062326.16",
        "weight": "0.00687544",
        "shared": false
      },
      {
        "name": "CUBESMART",
        "value": "1061164.10",
        "weight": "0.00686792",
        "shared": false
      },
      {
        "name": "FED REALTY INVS",
        "value": "1058913.70",
        "weight": "0.00685335",
        "shared": false
      },
      {
        "name": "CARETRUST REIT INC",
        "value": "1039650.55",
        "weight": "0.00672868",
        "shared": false
      },
      {
        "name": "NNN REIT INC",
        "value": "1013679.54",
        "weight": "0.00656060",
        "shared": false
      },
      {
        "name": "FIRST INDUSTRIAL REALTY TRUST",
        "value": "973499.80",
        "weight": "0.00630055",
        "shared": false
      },
      {
        "name": "BXP INC",
        "value": "971671.80",
        "weight": "0.00628872",
        "shared": false
      },
      {
        "name": "REXFORD INDUSTRIAL REALTY INC",
        "value": "956796.09",
        "weight": "0.00619244",
        "shared": false
      },
      {
        "name": "ALEXANDRIA REAL ES EQ INC REIT",
        "value": "919301.68",
        "weight": "0.00594978",
        "shared": false
      },
      {
        "name": "STAG INDUSTRIAL INC CL A",
        "value": "874671.36",
        "weight": "0.00566093",
        "shared": false
      },
      {
        "name": "TERRENO REALTY CORP",
        "value": "812525.18",
        "weight": "0.00525871",
        "shared": false
      },
      {
        "name": "ESSENTIAL PROPERTIES REALTY TRUST INC",
        "value": "809124.36",
        "weight": "0.00523670",
        "shared": false
      },
      {
        "name": "HEALTHCARE REALTY TRUST INC",
        "value": "752589.04",
        "weight": "0.00487080",
        "shared": false
      },
      {
        "name": "RYMAN HOSPITALITY PPTYS INC",
        "value": "738252.27",
        "weight": "0.00477801",
        "shared": false
      },
      {
        "name": "KITE REALTY GROUP TRUST",
        "value": "674904.05",
        "weight": "0.00436802",
        "shared": false
      },
      {
        "name": "SABRA HEALTHCARE REIT INC",
        "value": "615667.68",
        "weight": "0.00398464",
        "shared": false
      },
      {
        "name": "MACERICH COMPANY",
        "value": "614646.90",
        "weight": "0.00397803",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-025140",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1517936/000094040026025140/0000940400-26-025140-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-021490",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1329377/000094040026021490/0000940400-26-021490-index.htm"
    }
  ]
}