AREA vs. BYRE ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Principal Real Estate Active Opportunities ETF (BYRE)
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
$20.01
Average Daily Volume
182
33
BYRE
Principal Real Estate Active Opportunities ETF
BYRE Description
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$26.02
Average Daily Volume
1,029
22
Performance
| Period | AREA | BYRE |
|---|---|---|
| 30 Days | -1.81% | -0.57% |
| 60 Days | -4.28% | -2.84% |
| 90 Days | 0.27% | |
| 12 Months | 18.65% |
11 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in BYRE | Overlap | |
|---|---|---|---|---|---|
| AMT | C | 6.24% | 7.12% | 6.24% | |
| CCI | C | 0.71% | 1.79% | 0.71% | |
| DRH | B | 3.58% | 1.55% | 1.55% | |
| EXR | C | 6.05% | 5.61% | 5.61% | |
| GLPI | C | 0.48% | 4.19% | 0.48% | |
| INVH | D | 0.42% | 6.12% | 0.42% | |
| NHI | D | 2.8% | 2.22% | 2.22% | |
| SBAC | D | 6.1% | 5.11% | 5.11% | |
| SBRA | C | 3.64% | 4.26% | 3.64% | |
| VICI | C | 3.24% | 4.18% | 3.24% | |
| VTR | B | 1.0% | 8.53% | 1.0% |
AREA Overweight 22 Positions Relative to BYRE
AREA: Top Represented Industries & Keywords
BYRE: Top Represented Industries & Keywords
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