AREA vs. RSHO ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Tema American Reshoring ETF (RSHO)
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
$20.01
Average Daily Volume
182
33
RSHO
Tema American Reshoring ETF
RSHO Description
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, common and preferred stocks of publicly listed companies domiciled in the United States that are directly or indirectly economically tied to the rebuilding, bringing back of overseas economic activity, and revitalization of the American (i.e., United States) industrial base ("reshoring companies"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$40.49
Average Daily Volume
26,944
25
Performance
| Period | AREA | RSHO |
|---|---|---|
| 30 Days | -1.81% | 6.07% |
| 60 Days | -4.28% | 8.51% |
| 90 Days | 9.99% | |
| 12 Months | 39.82% |
0 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in RSHO | Overlap |
|---|
AREA Overweight 33 Positions Relative to RSHO
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | F | 7.01% | |
| LAMR | C | 6.89% | |
| AMT | C | 6.24% | |
| SBAC | D | 6.1% | |
| EXR | C | 6.05% | |
| HST | C | 5.76% | |
| CUBE | C | 5.4% | |
| ELS | C | 3.81% | |
| IRM | C | 3.75% | |
| EPR | C | 3.65% | |
| SBRA | C | 3.64% | |
| DRH | B | 3.58% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| SHO | D | 2.87% | |
| NHI | D | 2.8% | |
| PSA | C | 2.59% | |
| OHI | C | 2.55% | |
| DOC | C | 2.5% | |
| LAND | F | 2.21% | |
| PK | C | 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 | D | 0.25% | |
| DHC | F | 0.19% |
AREA Underweight 25 Positions Relative to RSHO
| Symbol | Grade | Weight | |
|---|---|---|---|
| AIT | B | -6.45% | |
| ETN | A | -5.4% | |
| PRIM | A | -5.22% | |
| ROK | C | -5.16% | |
| CLH | C | -4.7% | |
| IR | B | -4.5% | |
| FAST | B | -4.4% | |
| PH | A | -3.85% | |
| VMC | B | -3.85% | |
| FLR | B | -3.43% | |
| CAT | B | -3.26% | |
| FSS | B | -3.22% | |
| HRI | C | -3.14% | |
| WCC | B | -2.92% | |
| EMR | B | -2.87% | |
| ABBV | F | -2.87% | |
| ATI | C | -2.86% | |
| LIN | C | -2.75% | |
| DHR | F | -2.4% | |
| ALLE | C | -2.4% | |
| UNP | C | -2.2% | |
| APG | B | -2.04% | |
| TEX | F | -2.0% | |
| TKR | D | -1.81% | |
| TSM | B | -1.34% |
AREA: Top Represented Industries & Keywords
RSHO: Top Represented Industries & Keywords
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