AREA vs. FPRO ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Fidelity Real Estate Investment ETF (FPRO)
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
$19.90
Average Daily Volume
195
33
FPRO
Fidelity Real Estate Investment ETF
FPRO Description
The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.38
Average Daily Volume
5,949
40
Performance
| Period | AREA | FPRO |
|---|---|---|
| 30 Days | -2.76% | -0.69% |
| 60 Days | -4.29% | -4.68% |
| 90 Days | 2.83% | |
| 12 Months | 20.76% |
12 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in FPRO | Overlap | |
|---|---|---|---|---|---|
| AMT | F | 6.19% | 9.56% | 6.19% | |
| CCI | F | 0.71% | 2.18% | 0.71% | |
| CUBE | D | 5.25% | 3.33% | 3.33% | |
| DRH | B | 3.58% | 0.02% | 0.02% | |
| ELS | C | 3.62% | 0.4% | 0.4% | |
| EXR | D | 5.93% | 1.92% | 1.92% | |
| INVH | D | 0.41% | 1.57% | 0.41% | |
| LAMR | D | 7.14% | 1.29% | 1.29% | |
| PSA | C | 2.54% | 5.89% | 2.54% | |
| SBAC | D | 6.04% | 1.17% | 1.17% | |
| VTR | C | 0.99% | 5.69% | 0.99% | |
| WY | F | 7.04% | 0.64% | 0.64% |
AREA Overweight 21 Positions Relative to FPRO
AREA Underweight 28 Positions Relative to FPRO
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | D | -10.01% | |
| EQIX | B | -7.21% | |
| WELL | B | -5.23% | |
| CBRE | A | -4.11% | |
| KIM | A | -3.9% | |
| NNN | F | -3.78% | |
| UDR | C | -3.51% | |
| DLR | C | -3.31% | |
| EQR | C | -2.75% | |
| SUI | D | -2.69% | |
| COLD | F | -2.21% | |
| AMH | C | -2.09% | |
| MAA | C | -2.02% | |
| CSGP | D | -1.36% | |
| UE | B | -1.36% | |
| CPT | C | -1.08% | |
| STAG | D | -1.07% | |
| REG | A | -0.92% | |
| FCPT | C | -0.84% | |
| PECO | A | -0.77% | |
| TRNO | D | -0.73% | |
| SKT | B | -0.68% | |
| COMP | B | -0.55% | |
| RHP | B | -0.45% | |
| ELME | D | -0.42% | |
| MAC | B | -0.34% | |
| AKR | C | -0.24% | |
| IVT | B | -0.09% |
AREA: Top Represented Industries & Keywords
FPRO: Top Represented Industries & Keywords
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