AREA vs. REIT ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to ALPS Active REIT ETF (REIT)
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
$19.86
Average Daily Volume
229
34
REIT
ALPS Active REIT ETF
REIT Description
The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.Grade (RS Rating)
Last Trade
$27.99
Average Daily Volume
10,181
28
Performance
| Period | AREA | REIT |
|---|---|---|
| 30 Days | -4.09% | -2.74% |
| 60 Days | -2.41% | |
| 90 Days | 2.68% | |
| 12 Months | 26.98% |
11 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in REIT | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.47% | 1.07% | 1.07% | |
| DOC | C | 2.52% | 4.18% | 2.52% | |
| ELS | D | 3.57% | 2.42% | 2.42% | |
| EXR | D | 2.94% | 3.82% | 2.94% | |
| HST | D | 5.36% | 3.02% | 3.02% | |
| INVH | F | 0.93% | 3.78% | 0.93% | |
| IRM | B | 4.04% | 2.23% | 2.23% | |
| PSA | D | 2.51% | 4.75% | 2.51% | |
| SBRA | B | 3.68% | 2.89% | 2.89% | |
| VICI | D | 3.23% | 4.85% | 3.23% | |
| WELL | A | 0.27% | 5.06% | 0.27% |
AREA Overweight 23 Positions Relative to REIT
AREA: Top Represented Industries & Keywords
REIT: Top Represented Industries & Keywords
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