AREA vs. DDIV ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
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
$20.02
Average Daily Volume
226
34
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF
DDIV Description
The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Dividend Yield Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider"). The Dorsey Wright Momentum Plus Dividend Yield Index is a rules-based equity index that is designed to track the overall performance of the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. To construct the index, Dorsey, Wright & Associates (DWA) begins with the eligible constituents of the NASDAQ US Large Mid Cap Index. These eligible constituents are determined after meeting certain criteria, including maintaining a minimum average daily dollar volume of $1 million for the 30-day period prior to evaluation. Each security is assigned a relative strength score based on its forward price momentum compared to the momentum of a broad market benchmark index. Securities that exhibit a minimum level of relative strength are eligible for inclusion in the index. Eligible securities are then ranked based upon their current dividend yield, and the top 50 securities with the highest dividend yield are selected for inclusion in the index. The securities are then weighted, with greater weights given to securities with higher dividend yields. The index is reconstituted and rebalanced quarterly.Grade (RS Rating)
Last Trade
$37.17
Average Daily Volume
12,549
50
Performance
| Period | AREA | DDIV |
|---|---|---|
| 30 Days | -2.35% | 0.16% |
| 60 Days | 0.30% | 5.50% |
| 90 Days | 12.34% | |
| 12 Months | 36.14% |
AREA Overweight 31 Positions Relative to DDIV
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | C | 6.92% | |
| AMT | D | 6.47% | |
| SBAC | D | 6.22% | |
| HST | D | 5.36% | |
| CUBE | D | 5.19% | |
| EPR | D | 3.74% | |
| SBRA | B | 3.68% | |
| RYN | B | 3.62% | |
| ELS | D | 3.57% | |
| DRH | D | 3.42% | |
| VICI | D | 3.23% | |
| EXR | D | 2.94% | |
| SHO | F | 2.86% | |
| NHI | D | 2.73% | |
| OHI | B | 2.57% | |
| DOC | C | 2.52% | |
| PSA | D | 2.51% | |
| LAND | D | 2.34% | |
| CCI | D | 2.15% | |
| LTC | A | 1.74% | |
| PK | D | 1.61% | |
| OUT | B | 1.4% | |
| NSA | D | 1.17% | |
| INN | F | 1.03% | |
| VTR | B | 0.99% | |
| INVH | F | 0.93% | |
| DHC | C | 0.49% | |
| GLPI | C | 0.48% | |
| SILA | B | 0.34% | |
| BHR | D | 0.3% | |
| XHR | C | 0.25% |
AREA Underweight 47 Positions Relative to DDIV
| Symbol | Grade | Weight | |
|---|---|---|---|
| AM | D | -4.93% | |
| KMI | B | -4.68% | |
| SPG | A | -4.5% | |
| OKE | A | -3.92% | |
| WMB | A | -3.78% | |
| OWL | B | -3.68% | |
| BRX | A | -3.67% | |
| DTM | A | -3.47% | |
| JXN | B | -2.84% | |
| ARES | B | -2.55% | |
| GS | B | -2.44% | |
| JPM | B | -2.42% | |
| PKG | A | -2.37% | |
| BPOP | F | -2.31% | |
| INGR | C | -2.28% | |
| HRB | C | -2.27% | |
| STX | D | -2.24% | |
| JEF | B | -2.16% | |
| WSO | C | -1.95% | |
| AIG | B | -1.93% | |
| DKS | F | -1.75% | |
| GRMN | A | -1.74% | |
| MTG | D | -1.72% | |
| ALL | D | -1.64% | |
| RTX | C | -1.62% | |
| TRGP | A | -1.6% | |
| TRV | B | -1.58% | |
| SF | B | -1.41% | |
| AFL | D | -1.31% | |
| WAL | D | -1.25% | |
| COF | A | -1.15% | |
| CAH | B | -1.14% | |
| RGA | D | -1.11% | |
| NRG | A | -1.09% | |
| NTAP | D | -1.0% | |
| DELL | A | -0.98% | |
| NOC | D | -0.91% | |
| MMC | D | -0.88% | |
| AOS | F | -0.87% | |
| TXRH | B | -0.86% | |
| MAS | D | -0.81% | |
| HLI | A | -0.81% | |
| APO | B | -0.81% | |
| TMUS | B | -0.78% | |
| TSCO | D | -0.76% | |
| TJX | D | -0.71% | |
| OC | B | -0.69% |
AREA: Top Represented Industries & Keywords
DDIV: Top Represented Industries & Keywords
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