VNQ vs. REIT ETF Comparison

Comparison of Vanguard REIT ETF - DNQ (VNQ) to ALPS Active REIT ETF (REIT)

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$96.24

Average Daily Volume

3,452,081

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.06

Average Daily Volume

11,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VNQ	REIT
30 Days	-0.23%	0.49%
60 Days	-1.50%	-0.45%
90 Days	1.63%	1.80%
12 Months	25.20%	25.34%

28 Overlapping Holdings

Symbol	Grade	Weight in VNQ	Weight in REIT	Overlap
ADC	A	0.43%	1.49%	0.43%
AMT	C	5.69%	0.99%	0.99%
AVB	B	1.8%	3.05%	1.8%
COLD	D	0.4%	1.69%	0.4%
CUZ	B	0.27%	3.05%	0.27%
DLR	B	3.3%	3.39%	3.3%
DOC	C	0.9%	3.99%	0.9%
ELS	C	0.71%	2.54%	0.71%
EPRT	B	0.32%	2.65%	0.32%
EQIX	A	4.79%	9.08%	4.79%
EQR	C	1.37%	3.45%	1.37%
EXR	C	1.97%	3.82%	1.97%
FR	D	0.4%	4.0%	0.4%
HST	C	0.69%	3.03%	0.69%
INVH	D	1.1%	3.86%	1.1%
IRM	C	2.07%	2.01%	2.01%
IVT	A	0.13%	2.21%	0.13%
KRC	B	0.26%	2.33%	0.26%
LXP	D	0.16%	1.77%	0.16%
MAC	B	0.23%	2.65%	0.23%
O	C	2.95%	3.63%	2.95%
PLD	F	5.97%	5.57%	5.57%
PSA	C	2.97%	4.82%	2.97%
SBRA	C	0.26%	2.77%	0.26%
SPG	A	3.15%	4.49%	3.15%
UDR	B	0.75%	3.12%	0.75%
VICI	C	1.73%	4.76%	1.73%
WELL	A	4.5%	5.01%	4.5%

VNQ Overweight 117 Positions Relative to REIT

Symbol	Grade	Weight
CCI	C	2.66%
CBRE	B	2.29%
CSGP	D	1.7%
VTR	B	1.51%
SBAC	D	1.41%
WY	F	1.3%
ESS	B	1.04%
MAA	B	1.01%
ARE	F	1.0%
SUI	C	0.94%
KIM	A	0.91%
GLPI	C	0.78%
JLL	D	0.74%
REG	A	0.72%
WPC	C	0.7%
CPT	B	0.7%
BXP	C	0.69%
LAMR	C	0.66%
AMH	C	0.66%
CUBE	C	0.61%
OHI	C	0.6%
Z	A	0.54%
REXR	F	0.53%
EGP	D	0.47%
FRT	B	0.47%
BRX	A	0.46%
NNN	C	0.45%
STAG	D	0.39%
VNO	C	0.38%
RHP	B	0.35%
TRNO	F	0.33%
KRG	B	0.32%
SLG	B	0.28%
PECO	A	0.26%
CTRE	C	0.26%
IRT	A	0.25%
RYN	D	0.25%
CDP	C	0.21%
SKT	A	0.21%
IIPR	D	0.21%
EPR	C	0.2%
HIW	C	0.2%
PCH	F	0.19%
BNL	D	0.19%
NHI	D	0.19%
APLE	B	0.19%
CWK	C	0.18%
ZG	A	0.18%
PK	C	0.17%
DEI	B	0.17%
NSA	C	0.17%
MPW	F	0.16%
COMP	B	0.15%
UE	B	0.15%
HHH	B	0.14%
AKR	B	0.14%
FCPT	C	0.14%
OUT	A	0.13%
EQC	B	0.12%
NMRK	C	0.12%
SHO	D	0.11%
ROIC	A	0.11%
DRH	B	0.1%
JOE	F	0.1%
GNL	F	0.09%
GTY	A	0.09%
LTC	B	0.09%
DEA	D	0.08%
ALEX	B	0.08%
RLJ	C	0.08%
JBGS	F	0.08%
XHR	B	0.08%
PEB	D	0.08%
ESRT	C	0.08%
ELME	D	0.08%
RDFN	D	0.07%
KW	C	0.07%
UNIT	B	0.07%
VRE	B	0.07%
PDM	D	0.07%
UMH	B	0.07%
AAT	B	0.07%
NXRT	B	0.06%
EXPI	D	0.06%
OPEN	F	0.06%
CSR	B	0.06%
AIV	C	0.06%
NTST	C	0.06%
PLYM	F	0.05%
PGRE	F	0.05%
AHH	D	0.05%
BDN	C	0.05%
MMI	C	0.05%
GOOD	B	0.04%
FOR	F	0.04%
INN	D	0.04%
LAND	F	0.03%
OLP	B	0.03%
PKST	F	0.03%
BFS	C	0.03%
UHT	D	0.03%
CHCT	C	0.03%
ALX	D	0.03%
SVC	F	0.03%
FPI	B	0.03%
HPP	F	0.03%
GMRE	F	0.03%
WSR	A	0.03%
DHC	F	0.03%
TRC	F	0.02%
CBL	B	0.02%
RMR	F	0.02%
CLDT	B	0.02%
SRG	F	0.01%
NXDT	F	0.01%
CIO	C	0.01%
OPI	F	0.0%

VNQ Underweight 0 Positions Relative to REIT

	Symbol	Grade	Weight