AREA vs. ICF ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to iShares Cohen & Steers REIT ETF (ICF)
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
$19.80
Average Daily Volume
184
33
ICF
iShares Cohen & Steers REIT ETF
ICF Description
The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index consists of selected real estate investment trusts ("REITs"). The objective of the underlying index is to represent relatively large and liquid REITs that may benefit from future consolidation and securitization of the U.S. real estate industry. The fund is non-diversified.Grade (RS Rating)
Last Trade
$64.72
Average Daily Volume
147,540
30
Performance
| Period | AREA | ICF |
|---|---|---|
| 30 Days | -2.86% | -0.90% |
| 60 Days | -5.30% | -2.43% |
| 90 Days | 2.59% | |
| 12 Months | 24.17% |
11 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in ICF | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.24% | 6.52% | 6.24% | |
| CCI | C | 0.71% | 4.39% | 0.71% | |
| ELS | B | 3.81% | 1.67% | 1.67% | |
| EXR | C | 6.05% | 3.75% | 3.75% | |
| HST | D | 5.76% | 1.59% | 1.59% | |
| INVH | D | 0.42% | 2.23% | 0.42% | |
| IRM | C | 3.75% | 3.64% | 3.64% | |
| LAMR | D | 6.89% | 1.49% | 1.49% | |
| PSA | D | 2.59% | 4.7% | 2.59% | |
| SBAC | D | 6.1% | 2.65% | 2.65% | |
| VICI | C | 3.24% | 3.56% | 3.24% |
AREA Overweight 22 Positions Relative to ICF
AREA Underweight 19 Positions Relative to ICF
AREA: Top Represented Industries & Keywords
ICF: Top Represented Industries & Keywords
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