AREA vs. FRI ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to First Trust S&P REIT Index Fund (FRI)
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
33
FRI
First Trust S&P REIT Index Fund
FRI Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.55
Average Daily Volume
83,789
128
Performance
| Period | AREA | FRI |
|---|---|---|
| 30 Days | -1.86% | -0.07% |
| 60 Days | -4.63% | -1.01% |
| 90 Days | 2.97% | |
| 12 Months | 27.46% |
27 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in FRI | Overlap | |
|---|---|---|---|---|---|
| CUBE | D | 5.4% | 0.91% | 0.91% | |
| DHC | F | 0.19% | 0.04% | 0.04% | |
| DOC | D | 2.5% | 1.26% | 1.26% | |
| DRH | B | 3.58% | 0.16% | 0.16% | |
| ELS | C | 3.81% | 1.12% | 1.12% | |
| EPR | D | 3.65% | 0.28% | 0.28% | |
| EXR | D | 6.05% | 2.91% | 2.91% | |
| GLPI | C | 0.48% | 1.12% | 0.48% | |
| HST | C | 5.76% | 1.03% | 1.03% | |
| INN | D | 1.06% | 0.06% | 0.06% | |
| INVH | D | 0.42% | 1.61% | 0.42% | |
| IRM | D | 3.75% | 2.79% | 2.79% | |
| LAMR | D | 6.89% | 0.94% | 0.94% | |
| LAND | F | 2.21% | 0.03% | 0.03% | |
| LTC | B | 1.13% | 0.14% | 0.14% | |
| NHI | D | 2.8% | 0.28% | 0.28% | |
| NSA | D | 1.21% | 0.25% | 0.25% | |
| OHI | C | 2.55% | 0.86% | 0.86% | |
| OUT | A | 1.5% | 0.22% | 0.22% | |
| PEB | D | 0.25% | 0.12% | 0.12% | |
| PK | B | 1.74% | 0.26% | 0.26% | |
| PSA | D | 2.59% | 4.39% | 2.59% | |
| SBRA | C | 3.64% | 0.36% | 0.36% | |
| SHO | C | 2.87% | 0.17% | 0.17% | |
| VICI | C | 3.24% | 2.76% | 2.76% | |
| VTR | C | 1.0% | 2.21% | 1.0% | |
| XHR | B | 0.26% | 0.13% | 0.13% |
AREA Underweight 101 Positions Relative to FRI
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | D | -8.93% | |
| EQIX | A | -7.17% | |
| WELL | A | -6.54% | |
| DLR | B | -4.61% | |
| SPG | B | -4.6% | |
| O | D | -4.11% | |
| AVB | B | -2.72% | |
| EQR | B | -2.1% | |
| ESS | B | -1.63% | |
| MAA | B | -1.55% | |
| ARE | D | -1.42% | |
| KIM | A | -1.4% | |
| SUI | D | -1.22% | |
| UDR | B | -1.12% | |
| CPT | B | -1.08% | |
| WPC | D | -1.01% | |
| REG | B | -1.01% | |
| AMH | D | -0.99% | |
| BXP | D | -0.97% | |
| REXR | F | -0.77% | |
| BRX | A | -0.73% | |
| FRT | B | -0.72% | |
| EGP | F | -0.7% | |
| NNN | D | -0.65% | |
| ADC | B | -0.64% | |
| VNO | B | -0.58% | |
| FR | C | -0.58% | |
| RHP | B | -0.57% | |
| STAG | F | -0.55% | |
| KRG | B | -0.5% | |
| TRNO | F | -0.5% | |
| COLD | D | -0.48% | |
| EPRT | B | -0.48% | |
| CTRE | D | -0.42% | |
| SLG | B | -0.41% | |
| PECO | A | -0.4% | |
| CUZ | B | -0.39% | |
| IRT | A | -0.39% | |
| MAC | B | -0.35% | |
| KRC | C | -0.35% | |
| SKT | B | -0.33% | |
| APLE | B | -0.29% | |
| HIW | D | -0.28% | |
| CDP | C | -0.28% | |
| BNL | D | -0.27% | |
| DEI | B | -0.26% | |
| IIPR | D | -0.25% | |
| LXP | D | -0.23% | |
| UE | C | -0.23% | |
| MPW | F | -0.22% | |
| AKR | B | -0.22% | |
| FCPT | C | -0.22% | |
| ROIC | A | -0.19% | |
| IVT | B | -0.19% | |
| EQC | B | -0.18% | |
| GTY | B | -0.13% | |
| ALEX | C | -0.12% | |
| ESRT | C | -0.12% | |
| GNL | F | -0.12% | |
| ELME | D | -0.12% | |
| VRE | B | -0.12% | |
| RLJ | C | -0.12% | |
| AAT | B | -0.11% | |
| JBGS | D | -0.11% | |
| UNIT | B | -0.11% | |
| UMH | C | -0.11% | |
| PDM | D | -0.1% | |
| NTST | D | -0.1% | |
| DEA | D | -0.1% | |
| AIV | C | -0.09% | |
| CSR | B | -0.09% | |
| BDN | C | -0.08% | |
| PGRE | F | -0.08% | |
| NXRT | B | -0.08% | |
| GOOD | B | -0.06% | |
| PLYM | F | -0.06% | |
| AHH | D | -0.06% | |
| HPP | F | -0.05% | |
| WSR | A | -0.05% | |
| OLP | B | -0.04% | |
| CLDT | B | -0.04% | |
| ALX | D | -0.04% | |
| SVC | F | -0.04% | |
| CHCT | C | -0.04% | |
| PKST | D | -0.04% | |
| BFS | C | -0.04% | |
| FPI | B | -0.04% | |
| UHT | D | -0.04% | |
| GMRE | F | -0.04% | |
| PSTL | D | -0.03% | |
| CBL | A | -0.03% | |
| CTO | B | -0.03% | |
| CIO | D | -0.02% | |
| NXDT | D | -0.02% | |
| PINE | C | -0.02% | |
| BHR | B | -0.02% | |
| BRT | B | -0.02% | |
| ILPT | D | -0.02% | |
| OPI | F | -0.01% | |
| MDV | D | -0.01% | |
| FSP | C | -0.01% |
AREA: Top Represented Industries & Keywords
FRI: Top Represented Industries & Keywords
Compare ETFs
