AREA vs. CBSE ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Changebridge Capital Sustainable Equity ETF (CBSE)
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
$20.01
Average Daily Volume
182
33
CBSE
Changebridge Capital Sustainable Equity ETF
CBSE Description
The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the fund's investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts, of sustainable companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$33.62
Average Daily Volume
2,793
34
Performance
| Period | AREA | CBSE |
|---|---|---|
| 30 Days | -1.81% | 5.98% |
| 60 Days | -4.28% | 9.31% |
| 90 Days | 9.54% | |
| 12 Months | 47.39% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in CBSE | Overlap |
|---|
AREA Overweight 33 Positions Relative to CBSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | D | 7.01% | |
| LAMR | D | 6.89% | |
| AMT | D | 6.24% | |
| SBAC | D | 6.1% | |
| EXR | C | 6.05% | |
| HST | D | 5.76% | |
| CUBE | D | 5.4% | |
| ELS | B | 3.81% | |
| IRM | C | 3.75% | |
| EPR | D | 3.65% | |
| SBRA | B | 3.64% | |
| DRH | B | 3.58% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| SHO | D | 2.87% | |
| NHI | D | 2.8% | |
| PSA | D | 2.59% | |
| OHI | C | 2.55% | |
| DOC | D | 2.5% | |
| LAND | F | 2.21% | |
| PK | D | 1.74% | |
| OUT | A | 1.5% | |
| SILA | C | 1.26% | |
| NSA | C | 1.21% | |
| LTC | B | 1.13% | |
| INN | D | 1.06% | |
| VTR | B | 1.0% | |
| CCI | C | 0.71% | |
| GLPI | C | 0.48% | |
| INVH | D | 0.42% | |
| XHR | B | 0.26% | |
| PEB | F | 0.25% | |
| DHC | F | 0.19% |
AREA Underweight 34 Positions Relative to CBSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| SPOT | A | -3.42% | |
| LNG | A | -3.41% | |
| CCL | A | -3.27% | |
| MGNI | B | -3.06% | |
| VST | A | -3.03% | |
| ROL | B | -3.02% | |
| RDDT | A | -2.99% | |
| BWXT | B | -2.94% | |
| OSW | B | -2.9% | |
| TDG | D | -2.88% | |
| ERJ | B | -2.86% | |
| IBN | D | -2.85% | |
| INTC | C | -2.83% | |
| NARI | C | -2.82% | |
| SKY | A | -2.8% | |
| STRL | B | -2.71% | |
| GTLS | A | -2.7% | |
| WTTR | A | -2.69% | |
| PL | B | -2.69% | |
| HUMA | F | -2.56% | |
| OKLO | C | -2.4% | |
| DELL | C | -2.18% | |
| VITL | D | -2.1% | |
| SO | C | -2.09% | |
| D | C | -2.09% | |
| CPRI | F | -2.03% | |
| SCHW | A | -2.0% | |
| NEE | C | -1.94% | |
| SCI | B | -1.93% | |
| MC | B | -1.93% | |
| ON | F | -1.92% | |
| AMZN | B | -1.9% | |
| ETR | A | -1.79% | |
| CRSP | D | -0.91% |
AREA: Top Represented Industries & Keywords
CBSE: Top Represented Industries & Keywords
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