AREA vs. HIPS ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Master Income ETF (HIPS)
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
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Grade (RS Rating)
Last Trade
$13.16
Average Daily Volume
31,726
37
Performance
| Period | AREA | HIPS |
|---|---|---|
| 30 Days | -1.86% | 3.55% |
| 60 Days | -4.63% | 1.87% |
| 90 Days | 3.35% | |
| 12 Months | 20.42% |
AREA Overweight 27 Positions Relative to HIPS
| 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% | |
| DRH | B | 3.58% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| SHO | C | 2.87% | |
| NHI | D | 2.8% | |
| PSA | D | 2.59% | |
| DOC | D | 2.5% | |
| LAND | F | 2.21% | |
| OUT | A | 1.5% | |
| SILA | C | 1.26% | |
| NSA | D | 1.21% | |
| INN | D | 1.06% | |
| VTR | C | 1.0% | |
| CCI | D | 0.71% | |
| INVH | D | 0.42% | |
| XHR | B | 0.26% | |
| PEB | D | 0.25% | |
| DHC | F | 0.19% |
AREA Underweight 31 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | -2.79% | |
| JQC | A | -2.78% | |
| JFR | A | -2.75% | |
| ARCC | A | -2.72% | |
| ET | A | -2.68% | |
| SLRC | A | -2.66% | |
| FSK | A | -2.65% | |
| EFT | A | -2.64% | |
| EPD | A | -2.64% | |
| FCT | A | -2.63% | |
| FDUS | A | -2.62% | |
| BXSL | A | -2.62% | |
| BLW | B | -2.6% | |
| MPLX | A | -2.6% | |
| DMLP | A | -2.6% | |
| GTY | B | -2.59% | |
| CQP | B | -2.56% | |
| GBDC | C | -2.55% | |
| NBB | D | -2.54% | |
| KRP | B | -2.53% | |
| DSU | B | -2.52% | |
| ALX | D | -2.49% | |
| PAA | B | -2.48% | |
| WES | C | -2.48% | |
| USAC | B | -2.44% | |
| BSM | B | -2.44% | |
| NMFC | D | -2.26% | |
| GSBD | F | -2.2% | |
| NNN | D | -2.18% | |
| NHS | D | -2.02% | |
| GNL | F | -1.83% |
AREA: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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