RIET vs. AREA ETF Comparison

Comparison of Hoya Capital High Dividend Yield ETF (RIET) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

RIET

Hoya Capital High Dividend Yield ETF

RIET Description

Hoya Capital High Dividend Yield ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Hoya Capital Real Estate, LLC and Penserra Capital Management, LLC. It invests in the public equity markets of the United States. The fund invests in the stocks of companies operating in the financial, diversified financials, mortgage real estate investment trust, real estate investment trusts, real estate, equity real estate investment trust, real estate management and development and real estate operating companies sectors. The fund invests in dividend paying, growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Hoya Capital High Dividend Yield Index, by using full replication technique. Hoya Capital High Dividend Yield ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$10.70

Average Daily Volume

58,868

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RIET	AREA
30 Days	-1.24%	-1.86%
60 Days	-3.39%	-4.63%
90 Days	1.31%
12 Months	20.06%

11 Overlapping Holdings

Symbol	Grade	Weight in RIET	Weight in AREA	Overlap
CCI	D	1.5%	0.71%	0.71%
DOC	D	1.53%	2.5%	1.53%
EPR	D	1.23%	3.65%	1.23%
EXR	D	1.61%	6.05%	1.61%
GLPI	C	1.56%	0.48%	0.48%
LTC	B	1.24%	1.13%	1.13%
NSA	D	1.7%	1.21%	1.21%
OHI	C	1.76%	2.55%	1.76%
OUT	A	1.44%	1.5%	1.44%
SBRA	C	1.41%	3.64%	1.41%
VICI	C	1.58%	3.24%	1.58%

RIET Overweight 52 Positions Relative to AREA

Symbol	Grade	Weight
UNIT	B	1.98%
BXP	D	1.84%
SPG	B	1.68%
KRC	C	1.66%
EQR	B	1.58%
O	D	1.53%
CLPR	D	1.51%
APLE	B	1.5%
STWD	C	1.45%
NNN	D	1.45%
AGNC	D	1.41%
WPC	D	1.38%
OLP	B	1.38%
HIW	D	1.38%
GOOD	B	1.35%
KREF	D	1.34%
NREF	A	1.33%
BNL	D	1.27%
BDN	C	1.26%
CTO	B	1.25%
ABR	C	1.24%
GPMT	C	1.22%
UHT	D	1.21%
ACRE	C	1.2%
LADR	B	1.19%
TRTX	B	1.18%
PSTL	D	1.17%
BXMT	C	1.17%
EFC	C	1.15%
DX	B	1.15%
DEA	D	1.15%
ALX	D	1.14%
CIO	D	1.14%
BRSP	B	1.14%
FBRT	C	1.14%
AHH	D	1.1%
GNL	F	1.1%
GMRE	F	1.08%
PMT	D	1.08%
IIPR	D	1.06%
ARI	C	1.01%
CMTG	F	1.01%
RC	D	0.97%
CHCT	C	0.94%
MPW	F	0.94%
AFCG	D	0.87%
CHMI	F	0.82%
SACH	F	0.55%
SVC	F	0.54%
NYMTN	D	0.34%
NYMTM	B	0.32%
AGNCN	B	0.31%

RIET Underweight 22 Positions Relative to AREA

Symbol	Grade	Weight
WY	D	-7.01%
LAMR	D	-6.89%
AMT	D	-6.24%
SBAC	D	-6.1%
HST	C	-5.76%
CUBE	D	-5.4%
ELS	C	-3.81%
IRM	D	-3.75%
DRH	B	-3.58%
RYN	D	-3.56%
SHO	C	-2.87%
NHI	D	-2.8%
PSA	D	-2.59%
LAND	F	-2.21%
PK	B	-1.74%
SILA	C	-1.26%
INN	D	-1.06%
VTR	C	-1.0%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%