AREA vs. MUSQ ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to MUSQ Global Music Industry ETF (MUSQ)
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
MUSQ
MUSQ Global Music Industry ETF
MUSQ Description
The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.78
Average Daily Volume
1,557
15
Performance
| Period | AREA | MUSQ |
|---|---|---|
| 30 Days | -2.86% | 2.41% |
| 60 Days | -5.30% | 5.95% |
| 90 Days | 2.66% | |
| 12 Months | 0.60% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in MUSQ | Overlap |
|---|
AREA Overweight 33 Positions Relative to MUSQ
| 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: Top Represented Industries & Keywords
MUSQ: Top Represented Industries & Keywords
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