AREA vs. AWEG ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Alger Weatherbie Enduring Growth ETF (AWEG)
AREA
Harbor AlphaEdge Next Generation REITs ETF
AREA Description
AREA targetsNext Generation REITs through a proprietary rules-based methodology. Instead of traditional office, multi-family, retail, and industrial REITs, the fund favors non-traditional REITs (e.g., data center, gaming, healthcare & life sciences, hotel & motel, manufactured homes, and self-storage). From an index universe of 3,000 US-listed securities, the fund relies on FactSets RBICS sub-industry classification in filtering Next-Gen REITs. Each qualified company is scored across five factor composites (capital deployment, momentum, quality, risk, and valuation) for a combined stock selection score based on prevailing business cycle regimes. The index provider then selects and weights securities using an optimizer that measures the risk-adjusted returns of the portfolio against a benchmark with similar holdings. The fund holds between 35 and 70 REITs, subject to certain capping limits. The index is reconstituted and rebalanced monthly.
Grade (RS Rating)
Last Trade
$20.14
Average Daily Volume
178
33
AWEG
Alger Weatherbie Enduring Growth ETF
AWEG Description
The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.Grade (RS Rating)
Last Trade
$27.41
Average Daily Volume
169
24
Performance
| Period | AREA | AWEG |
|---|---|---|
| 30 Days | -1.86% | 10.40% |
| 60 Days | -4.63% | 9.14% |
| 90 Days | 9.79% | |
| 12 Months | 38.87% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in AWEG | Overlap |
|---|
AREA Overweight 33 Positions Relative to AWEG
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | D | 7.01% | |
| LAMR | D | 6.89% | |
| AMT | D | 6.24% | |
| SBAC | D | 6.1% | |
| EXR | D | 6.05% | |
| HST | C | 5.76% | |
| CUBE | D | 5.4% | |
| ELS | C | 3.81% | |
| IRM | D | 3.75% | |
| EPR | D | 3.65% | |
| SBRA | C | 3.64% | |
| DRH | B | 3.58% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| SHO | C | 2.87% | |
| NHI | D | 2.8% | |
| PSA | D | 2.59% | |
| OHI | C | 2.55% | |
| DOC | D | 2.5% | |
| LAND | F | 2.21% | |
| PK | B | 1.74% | |
| OUT | A | 1.5% | |
| SILA | C | 1.26% | |
| NSA | D | 1.21% | |
| LTC | B | 1.13% | |
| INN | D | 1.06% | |
| VTR | C | 1.0% | |
| CCI | D | 0.71% | |
| GLPI | C | 0.48% | |
| INVH | D | 0.42% | |
| XHR | B | 0.26% | |
| PEB | D | 0.25% | |
| DHC | F | 0.19% |
AREA Underweight 24 Positions Relative to AWEG
| Symbol | Grade | Weight | |
|---|---|---|---|
| TDG | D | -11.7% | |
| CWST | A | -6.43% | |
| GKOS | B | -4.99% | |
| STEP | B | -4.87% | |
| TNDM | F | -4.84% | |
| WCN | A | -4.8% | |
| HEI | B | -4.66% | |
| PCTY | B | -3.92% | |
| NEOG | F | -3.62% | |
| HUBS | A | -3.14% | |
| OLLI | D | -2.99% | |
| SPSC | C | -2.94% | |
| ACAD | D | -2.9% | |
| MEG | F | -2.87% | |
| XPO | B | -2.86% | |
| UPST | B | -2.77% | |
| RXO | C | -2.64% | |
| HLNE | B | -2.11% | |
| NCNO | B | -2.09% | |
| PGNY | F | -2.07% | |
| SITE | D | -2.02% | |
| AGYS | A | -1.77% | |
| NTRA | B | -1.44% | |
| TTD | B | -1.41% |
AREA: Top Represented Industries & Keywords
AWEG: Top Represented Industries & Keywords
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