AREA vs. WOOD ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to iShares S&P Global Timber & Forestry Index Fund (WOOD)
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
WOOD
iShares S&P Global Timber & Forestry Index Fund
WOOD Description
The investment seeks to track the investment results of an index composed of global equities in or related to the timber and forestry industry. 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. It seeks to track the investment results of the S&P Global Timber & Forestry IndexTM (the "underlying index"), which is comprised of approximately 25 of the largest publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands. The fund is non-diversified.Grade (RS Rating)
Last Trade
$80.53
Average Daily Volume
15,635
7
Performance
| Period | AREA | WOOD |
|---|---|---|
| 30 Days | -4.09% | -5.61% |
| 60 Days | -1.65% | |
| 90 Days | 2.70% | |
| 12 Months | 12.16% |
AREA Overweight 32 Positions Relative to WOOD
| Symbol | Grade | Weight | |
|---|---|---|---|
| LAMR | B | 7.21% | |
| AMT | D | 6.47% | |
| SBAC | D | 6.22% | |
| HST | D | 5.36% | |
| CUBE | D | 5.19% | |
| IRM | B | 4.04% | |
| EPR | D | 3.74% | |
| SBRA | B | 3.68% | |
| ELS | D | 3.57% | |
| DRH | D | 3.42% | |
| VICI | D | 3.23% | |
| EXR | D | 2.94% | |
| SHO | D | 2.86% | |
| NHI | C | 2.73% | |
| OHI | B | 2.57% | |
| DOC | C | 2.52% | |
| PSA | D | 2.51% | |
| LAND | F | 2.34% | |
| CCI | D | 2.15% | |
| LTC | A | 1.74% | |
| PK | F | 1.61% | |
| OUT | C | 1.4% | |
| NSA | D | 1.17% | |
| INN | F | 1.03% | |
| VTR | B | 0.99% | |
| INVH | F | 0.93% | |
| DHC | D | 0.49% | |
| GLPI | D | 0.48% | |
| SILA | C | 0.34% | |
| BHR | D | 0.3% | |
| WELL | A | 0.27% | |
| XHR | C | 0.25% |
AREA: Top Represented Industries & Keywords
WOOD: Top Represented Industries & Keywords
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