AREA vs. SDD ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to ProShares UltraShort SmallCap600 (SDD)
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
$19.90
Average Daily Volume
195
33
SDD
ProShares UltraShort SmallCap600
SDD Description
The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.Grade (RS Rating)
Last Trade
$13.75
Average Daily Volume
2,253
92
Performance
| Period | AREA | SDD |
|---|---|---|
| 30 Days | -2.76% | -10.69% |
| 60 Days | -4.29% | -15.48% |
| 90 Days | -17.37% | |
| 12 Months | -39.63% |
1 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in SDD | Overlap | |
|---|---|---|---|---|---|
| XHR | B | 0.26% | 0.29% | 0.26% |
AREA Overweight 32 Positions Relative to SDD
| Symbol | Grade | Weight | |
|---|---|---|---|
| LAMR | D | 7.14% | |
| WY | F | 7.04% | |
| AMT | F | 6.19% | |
| SBAC | D | 6.04% | |
| EXR | D | 5.93% | |
| HST | C | 5.8% | |
| CUBE | D | 5.25% | |
| IRM | D | 3.78% | |
| SBRA | C | 3.77% | |
| RYN | F | 3.7% | |
| ELS | C | 3.62% | |
| EPR | D | 3.59% | |
| DRH | B | 3.58% | |
| VICI | D | 3.13% | |
| SHO | C | 2.97% | |
| NHI | D | 2.82% | |
| DOC | C | 2.59% | |
| OHI | C | 2.56% | |
| PSA | C | 2.54% | |
| LAND | F | 2.41% | |
| PK | B | 1.7% | |
| OUT | C | 1.41% | |
| SILA | D | 1.26% | |
| NSA | D | 1.2% | |
| LTC | B | 1.12% | |
| INN | C | 1.05% | |
| VTR | C | 0.99% | |
| CCI | F | 0.71% | |
| GLPI | D | 0.47% | |
| INVH | D | 0.41% | |
| PEB | D | 0.27% | |
| DHC | F | 0.2% |
AREA Underweight 91 Positions Relative to SDD
| Symbol | Grade | Weight | |
|---|---|---|---|
| DAR | B | -0.61% | |
| GBCI | B | -0.49% | |
| BLD | F | -0.48% | |
| JBT | A | -0.47% | |
| EXPO | D | -0.47% | |
| NEOG | F | -0.47% | |
| VIAV | B | -0.46% | |
| OMCL | C | -0.46% | |
| CBU | B | -0.46% | |
| STRA | C | -0.45% | |
| BCPC | B | -0.44% | |
| NEO | B | -0.43% | |
| SSD | D | -0.43% | |
| SHOO | D | -0.42% | |
| AVA | C | -0.42% | |
| SKYW | B | -0.42% | |
| B | A | -0.41% | |
| AWR | B | -0.41% | |
| UNF | B | -0.41% | |
| LAD | B | -0.41% | |
| ONB | B | -0.4% | |
| AMN | F | -0.4% | |
| CNMD | C | -0.4% | |
| CCOI | C | -0.39% | |
| ADC | A | -0.39% | |
| POWI | C | -0.39% | |
| ITRI | B | -0.39% | |
| UFPI | B | -0.38% | |
| SFNC | B | -0.38% | |
| MOG.A | B | -0.38% | |
| BRC | A | -0.37% | |
| CVBF | B | -0.37% | |
| PRLB | B | -0.37% | |
| ITGR | B | -0.37% | |
| WTS | B | -0.36% | |
| JJSF | B | -0.36% | |
| QLYS | B | -0.36% | |
| AEIS | C | -0.36% | |
| ABCB | B | -0.36% | |
| CROX | F | -0.36% | |
| INDB | B | -0.35% | |
| WING | D | -0.35% | |
| WWW | B | -0.35% | |
| LCII | C | -0.35% | |
| COLB | B | -0.35% | |
| ABM | B | -0.34% | |
| WDFC | B | -0.34% | |
| FOXF | F | -0.34% | |
| LXP | C | -0.34% | |
| SEM | B | -0.33% | |
| ESE | B | -0.33% | |
| IOSP | B | -0.33% | |
| AIT | A | -0.33% | |
| IRDM | C | -0.33% | |
| ARI | D | -0.33% | |
| ROG | D | -0.32% | |
| CWT | D | -0.32% | |
| MEDP | C | -0.32% | |
| GTLS | A | -0.32% | |
| MNRO | B | -0.32% | |
| FUL | F | -0.32% | |
| SAIA | B | -0.32% | |
| NSIT | F | -0.32% | |
| LPSN | F | -0.32% | |
| AIN | D | -0.31% | |
| SANM | B | -0.31% | |
| HI | C | -0.31% | |
| DIOD | F | -0.31% | |
| EBS | C | -0.31% | |
| IVR | D | -0.31% | |
| EXLS | B | -0.31% | |
| FN | B | -0.31% | |
| FELE | A | -0.3% | |
| PMT | D | -0.3% | |
| SPXC | B | -0.3% | |
| ALGT | B | -0.3% | |
| MTH | D | -0.3% | |
| ENSG | C | -0.3% | |
| KFY | B | -0.3% | |
| FFBC | B | -0.3% | |
| ACA | B | -0.29% | |
| AAT | C | -0.29% | |
| DORM | B | -0.29% | |
| NMIH | C | -0.29% | |
| PLXS | C | -0.29% | |
| CUB | C | -0.28% | |
| KWR | C | -0.28% | |
| PRGS | A | -0.28% | |
| FBP | B | -0.28% | |
| AKR | C | -0.28% | |
| NWN | B | -0.28% |
AREA: Top Represented Industries & Keywords
SDD: Top Represented Industries & Keywords
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