AREA vs. CUT ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Invesco MSCI Global Timber ETF (CUT)
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
$19.86
Average Daily Volume
229
34
CUT
Invesco MSCI Global Timber ETF
CUT Description
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the Beacon Global Timber Index. The fund will invest at least 90% of its total assets in common stock, American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the index and depositary receipts representing common stocks included in the index (or underlying securities representing the ADRs and GDRs included in the index). It generally will invest in all of the securities comprising the index in proportion to their weightings in the index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$34.28
Average Daily Volume
3,182
18
Performance
| Period | AREA | CUT |
|---|---|---|
| 30 Days | -4.09% | -3.27% |
| 60 Days | -0.87% | |
| 90 Days | 3.94% | |
| 12 Months | 18.36% |
AREA Overweight 32 Positions Relative to CUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| LAMR | B | 7.21% | |
| AMT | D | 6.47% | |
| SBAC | D | 6.22% | |
| HST | D | 5.36% | |
| CUBE | D | 5.19% | |
| IRM | B | 4.04% | |
| EPR | D | 3.74% | |
| SBRA | B | 3.68% | |
| ELS | D | 3.57% | |
| DRH | D | 3.42% | |
| VICI | D | 3.23% | |
| EXR | D | 2.94% | |
| SHO | D | 2.86% | |
| NHI | C | 2.73% | |
| OHI | B | 2.57% | |
| DOC | C | 2.52% | |
| PSA | D | 2.51% | |
| LAND | F | 2.34% | |
| CCI | D | 2.15% | |
| LTC | A | 1.74% | |
| PK | F | 1.61% | |
| OUT | C | 1.4% | |
| NSA | D | 1.17% | |
| INN | F | 1.03% | |
| VTR | B | 0.99% | |
| INVH | F | 0.93% | |
| DHC | D | 0.49% | |
| GLPI | D | 0.48% | |
| SILA | C | 0.34% | |
| BHR | D | 0.3% | |
| WELL | A | 0.27% | |
| XHR | C | 0.25% |
AREA: Top Represented Industries & Keywords
CUT: Top Represented Industries & Keywords
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