DRN vs. AREA ETF Comparison
Comparison of Dexion Daily Real Estate Bull 3x Shares (DRN) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
DRN
Dexion Daily Real Estate Bull 3x Shares
DRN Description
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI US REIT IndexSM. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$12.50
Average Daily Volume
1,094,626
31
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
$20.14
Average Daily Volume
178
33
Performance
| Period | DRN | AREA |
|---|---|---|
| 30 Days | -3.47% | -1.86% |
| 60 Days | -8.23% | -4.63% |
| 90 Days | 2.40% | |
| 12 Months | 63.99% |
12 Overlapping Holdings
| Symbol | Grade | Weight in DRN | Weight in AREA | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 4.99% | 6.24% | 4.99% | |
| CCI | D | 2.45% | 0.71% | 0.71% | |
| DOC | D | 0.85% | 2.5% | 0.85% | |
| EXR | D | 1.9% | 6.05% | 1.9% | |
| HST | C | 0.7% | 5.76% | 0.7% | |
| INVH | D | 1.05% | 0.42% | 0.42% | |
| IRM | D | 1.85% | 3.75% | 1.85% | |
| PSA | D | 2.87% | 2.59% | 2.59% | |
| SBAC | D | 1.3% | 6.1% | 1.3% | |
| VICI | C | 1.8% | 3.24% | 1.8% | |
| VTR | C | 1.47% | 1.0% | 1.0% | |
| WY | D | 1.23% | 7.01% | 1.23% |
DRN Underweight 21 Positions Relative to AREA
DRN: Top Represented Industries & Keywords
AREA: Top Represented Industries & Keywords
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