PEJ vs. AREA ETF Comparison
Comparison of PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
PEJ
PowerShares Dynamic Leisure & Entertainment Portfolio
PEJ Description
The PowerShares Dynamic Leisure and Entertainment Portfolio (Fund) is based on the Dynamic Leisure & Entertainment IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$51.77
Average Daily Volume
47,415
25
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
$19.77
Average Daily Volume
190
33
Performance
| Period | PEJ | AREA |
|---|---|---|
| 30 Days | 5.01% | -4.70% |
| 60 Days | 8.75% | -5.33% |
| 90 Days | 15.29% | |
| 12 Months | 32.21% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PEJ | Weight in AREA | Overlap |
|---|
PEJ Overweight 25 Positions Relative to AREA
| Symbol | Grade | Weight | |
|---|---|---|---|
| RCL | A | 6.07% | |
| LYV | A | 5.89% | |
| BKNG | A | 5.64% | |
| WBD | B | 5.35% | |
| FOXA | B | 5.09% | |
| HLT | A | 5.04% | |
| SYY | B | 4.33% | |
| EAT | A | 3.91% | |
| SKYW | B | 3.53% | |
| EXPE | A | 3.11% | |
| TXRH | B | 2.82% | |
| CNK | A | 2.72% | |
| USFD | B | 2.7% | |
| MCRI | A | 2.7% | |
| ARMK | C | 2.61% | |
| H | B | 2.55% | |
| MSGS | B | 2.55% | |
| MMYT | C | 2.52% | |
| CHDN | C | 2.46% | |
| ACEL | C | 2.45% | |
| TRIP | D | 2.4% | |
| LTH | D | 2.34% | |
| LGF.A | F | 2.16% | |
| RRR | F | 2.15% | |
| WING | F | 1.95% |
PEJ Underweight 33 Positions Relative to AREA
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | D | -7.01% | |
| LAMR | D | -6.89% | |
| AMT | D | -6.24% | |
| SBAC | C | -6.1% | |
| EXR | C | -6.05% | |
| HST | D | -5.76% | |
| CUBE | C | -5.4% | |
| ELS | B | -3.81% | |
| IRM | D | -3.75% | |
| EPR | D | -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 | D | -2.5% | |
| LAND | F | -2.21% | |
| PK | D | -1.74% | |
| OUT | A | -1.5% | |
| SILA | D | -1.26% | |
| NSA | C | -1.21% | |
| LTC | B | -1.13% | |
| INN | D | -1.06% | |
| VTR | C | -1.0% | |
| CCI | C | -0.71% | |
| GLPI | C | -0.48% | |
| INVH | D | -0.42% | |
| XHR | B | -0.26% | |
| PEB | F | -0.25% | |
| DHC | F | -0.19% |
PEJ: Top Represented Industries & Keywords
AREA: Top Represented Industries & Keywords
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