AREA vs. FTRI ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to First Trust Indxx Global Natural Resources Income ETF (FTRI)
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
FTRI
First Trust Indxx Global Natural Resources Income ETF
FTRI 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 Indxx Global Natural Resources Income Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the index. The index is a 50-stock free float adjusted market capitalization weighted index designed to measure the market performance of the 50 highest dividend yielding companies involved in the upstream segment of the natural resources sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$13.05
Average Daily Volume
61,541
20
Performance
| Period | AREA | FTRI |
|---|---|---|
| 30 Days | -4.09% | -4.96% |
| 60 Days | -1.63% | |
| 90 Days | 2.10% | |
| 12 Months | 9.68% |
1 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in FTRI | Overlap | |
|---|---|---|---|---|---|
| WY | D | 6.92% | 4.37% | 4.37% |
AREA Overweight 33 Positions Relative to FTRI
| 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% | |
| RYN | C | 3.62% | |
| 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 Underweight 19 Positions Relative to FTRI
AREA: Top Represented Industries & Keywords
FTRI: Top Represented Industries & Keywords
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