AREA vs. REAI ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Intelligent Real Estate ETF (REAI)
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
REAI
Intelligent Real Estate ETF
REAI Description
REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.Grade (RS Rating)
Last Trade
$22.32
Average Daily Volume
274
60
Performance
| Period | AREA | REAI |
|---|---|---|
| 30 Days | -1.86% | -0.38% |
| 60 Days | -4.63% | -2.39% |
| 90 Days | 1.39% | |
| 12 Months | 28.37% |
19 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in REAI | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.24% | 1.44% | 1.44% | |
| CCI | D | 0.71% | 1.51% | 0.71% | |
| CUBE | D | 5.4% | 1.55% | 1.55% | |
| DOC | D | 2.5% | 1.58% | 1.58% | |
| DRH | B | 3.58% | 1.64% | 1.64% | |
| ELS | C | 3.81% | 1.7% | 1.7% | |
| EPR | D | 3.65% | 1.49% | 1.49% | |
| GLPI | C | 0.48% | 1.55% | 0.48% | |
| HST | C | 5.76% | 1.58% | 1.58% | |
| INVH | D | 0.42% | 1.6% | 0.42% | |
| IRM | D | 3.75% | 1.51% | 1.51% | |
| LAMR | D | 6.89% | 1.54% | 1.54% | |
| LTC | B | 1.13% | 1.73% | 1.13% | |
| NHI | D | 2.8% | 1.59% | 1.59% | |
| OHI | C | 2.55% | 1.61% | 1.61% | |
| PSA | D | 2.59% | 1.56% | 1.56% | |
| SBRA | C | 3.64% | 1.64% | 1.64% | |
| VTR | C | 1.0% | 1.64% | 1.0% | |
| XHR | B | 0.26% | 1.62% | 0.26% |
AREA Underweight 41 Positions Relative to REAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHCT | C | -1.83% | |
| SLG | B | -1.8% | |
| UE | C | -1.75% | |
| CBL | A | -1.72% | |
| BRX | A | -1.71% | |
| ESS | B | -1.71% | |
| NXRT | B | -1.71% | |
| SKT | B | -1.7% | |
| MAC | B | -1.7% | |
| DEI | B | -1.69% | |
| EQIX | A | -1.68% | |
| SPG | B | -1.68% | |
| GOOD | B | -1.68% | |
| OLP | B | -1.68% | |
| APLE | B | -1.65% | |
| KRC | C | -1.65% | |
| AAT | B | -1.65% | |
| MAA | B | -1.65% | |
| FRT | B | -1.64% | |
| UDR | B | -1.64% | |
| CPT | B | -1.63% | |
| RHP | B | -1.62% | |
| AHH | D | -1.62% | |
| UHT | D | -1.58% | |
| BFS | C | -1.58% | |
| STAG | F | -1.57% | |
| PDM | D | -1.57% | |
| FR | C | -1.56% | |
| CDP | C | -1.56% | |
| ESRT | C | -1.55% | |
| BXP | D | -1.55% | |
| EGP | F | -1.55% | |
| SUI | D | -1.54% | |
| HIW | D | -1.53% | |
| ALX | D | -1.53% | |
| BDN | C | -1.47% | |
| PLYM | F | -1.43% | |
| NNN | D | -1.42% | |
| IIPR | D | -1.28% | |
| OPI | F | -0.99% | |
| SVC | F | -0.96% |
AREA: Top Represented Industries & Keywords
REAI: Top Represented Industries & Keywords
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