AREA vs. CRED ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Columbia Research Enhanced Real Estate ETF (CRED)
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
CRED
Columbia Research Enhanced Real Estate ETF
CRED Description
Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.Grade (RS Rating)
Last Trade
$23.63
Average Daily Volume
686
70
Performance
| Period | AREA | CRED |
|---|---|---|
| 30 Days | -1.86% | -1.32% |
| 60 Days | -4.63% | -1.75% |
| 90 Days | 3.00% | |
| 12 Months | 25.86% |
23 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in CRED | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.24% | 10.98% | 6.24% | |
| CCI | D | 0.71% | 6.96% | 0.71% | |
| CUBE | D | 5.4% | 1.2% | 1.2% | |
| DOC | D | 2.5% | 2.75% | 2.5% | |
| DRH | B | 3.58% | 0.19% | 0.19% | |
| EPR | D | 3.65% | 0.77% | 0.77% | |
| GLPI | C | 0.48% | 1.81% | 0.48% | |
| HST | C | 5.76% | 1.27% | 1.27% | |
| INN | D | 1.06% | 0.09% | 0.09% | |
| INVH | D | 0.42% | 2.5% | 0.42% | |
| IRM | D | 3.75% | 3.91% | 3.75% | |
| LAMR | D | 6.89% | 1.93% | 1.93% | |
| NSA | D | 1.21% | 0.63% | 0.63% | |
| OHI | C | 2.55% | 1.36% | 1.36% | |
| OUT | A | 1.5% | 0.51% | 0.51% | |
| PEB | D | 0.25% | 0.12% | 0.12% | |
| PK | B | 1.74% | 0.4% | 0.4% | |
| RYN | D | 3.56% | 0.51% | 0.51% | |
| SBAC | D | 6.1% | 2.68% | 2.68% | |
| SBRA | C | 3.64% | 0.76% | 0.76% | |
| SHO | C | 2.87% | 0.17% | 0.17% | |
| WY | D | 7.01% | 2.39% | 2.39% | |
| XHR | B | 0.26% | 0.2% | 0.2% |
AREA Underweight 47 Positions Relative to CRED
| Symbol | Grade | Weight | |
|---|---|---|---|
| SPG | B | -7.67% | |
| EQIX | A | -7.18% | |
| DLR | B | -6.22% | |
| O | D | -5.9% | |
| AVB | B | -3.32% | |
| MAA | B | -3.18% | |
| AMH | D | -1.7% | |
| BXP | D | -1.51% | |
| BRX | A | -1.45% | |
| SUI | D | -1.31% | |
| KRG | B | -1.01% | |
| STAG | F | -0.96% | |
| FR | C | -0.92% | |
| KRC | C | -0.87% | |
| NNN | D | -0.85% | |
| RHP | B | -0.85% | |
| CUZ | B | -0.83% | |
| HIW | D | -0.78% | |
| CTRE | D | -0.73% | |
| VNO | B | -0.64% | |
| APLE | B | -0.64% | |
| PECO | A | -0.61% | |
| EPRT | B | -0.54% | |
| LXP | D | -0.49% | |
| MPW | F | -0.47% | |
| BNL | D | -0.43% | |
| MAC | B | -0.43% | |
| CDP | C | -0.39% | |
| SKT | B | -0.39% | |
| PCH | D | -0.36% | |
| DEI | B | -0.33% | |
| GNL | F | -0.31% | |
| UE | C | -0.28% | |
| PDM | D | -0.27% | |
| UNIT | B | -0.22% | |
| RLJ | C | -0.19% | |
| JBGS | D | -0.18% | |
| AHH | D | -0.17% | |
| BDN | C | -0.16% | |
| UMH | C | -0.14% | |
| ESRT | C | -0.13% | |
| WSR | A | -0.12% | |
| GMRE | F | -0.11% | |
| PGRE | F | -0.08% | |
| HPP | F | -0.07% | |
| ILPT | D | -0.02% | |
| OPI | F | -0.01% |
AREA: Top Represented Industries & Keywords
CRED: Top Represented Industries & Keywords
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