AREA vs. REET ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to iShares Global REIT ETF (REET)
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
$19.80
Average Daily Volume
184
33
REET
iShares Global REIT ETF
REET Description
The investment seeks to track the investment results of the FTSE EPRA/NAREIT Global REIT Index. The index is designed to track the performance of publicly-listed real estate investment trusts ("REITs") (or their local equivalents) in both developed and emerging markets. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index. The fund seeks to track the investment results of the index before the fees and expenses of the fund. It is non-diversified.Grade (RS Rating)
Last Trade
$25.67
Average Daily Volume
656,560
106
Performance
| Period | AREA | REET |
|---|---|---|
| 30 Days | -2.86% | -1.39% |
| 60 Days | -5.30% | -3.65% |
| 90 Days | 1.34% | |
| 12 Months | 20.72% |
24 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in REET | Overlap | |
|---|---|---|---|---|---|
| CUBE | D | 5.4% | 0.67% | 0.67% | |
| DOC | D | 2.5% | 0.92% | 0.92% | |
| DRH | B | 3.58% | 0.11% | 0.11% | |
| ELS | B | 3.81% | 0.8% | 0.8% | |
| EPR | D | 3.65% | 0.2% | 0.2% | |
| EXR | C | 6.05% | 2.12% | 2.12% | |
| GLPI | C | 0.48% | 0.8% | 0.48% | |
| HST | D | 5.76% | 0.74% | 0.74% | |
| INN | D | 1.06% | 0.04% | 0.04% | |
| INVH | D | 0.42% | 1.27% | 0.42% | |
| IRM | C | 3.75% | 2.08% | 2.08% | |
| LTC | B | 1.13% | 0.1% | 0.1% | |
| NHI | D | 2.8% | 0.2% | 0.2% | |
| NSA | C | 1.21% | 0.18% | 0.18% | |
| OHI | C | 2.55% | 0.61% | 0.61% | |
| PEB | F | 0.25% | 0.09% | 0.09% | |
| PK | D | 1.74% | 0.18% | 0.18% | |
| PSA | D | 2.59% | 3.24% | 2.59% | |
| SBRA | B | 3.64% | 0.26% | 0.26% | |
| SHO | D | 2.87% | 0.12% | 0.12% | |
| SILA | C | 1.26% | 0.09% | 0.09% | |
| VICI | C | 3.24% | 2.06% | 2.06% | |
| VTR | B | 1.0% | 1.59% | 1.0% | |
| XHR | B | 0.26% | 0.09% | 0.09% |
AREA Underweight 82 Positions Relative to REET
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | D | -6.51% | |
| EQIX | A | -5.36% | |
| WELL | A | -5.1% | |
| DLR | A | -3.7% | |
| SPG | A | -3.59% | |
| O | D | -3.05% | |
| AVB | B | -1.99% | |
| EQR | C | -1.72% | |
| ESS | B | -1.18% | |
| MAA | B | -1.12% | |
| ARE | F | -1.11% | |
| KIM | A | -1.01% | |
| SUI | C | -0.96% | |
| UDR | C | -0.89% | |
| REG | A | -0.83% | |
| AMH | C | -0.78% | |
| CPT | C | -0.77% | |
| BXP | D | -0.76% | |
| WPC | C | -0.75% | |
| REXR | F | -0.57% | |
| FRT | B | -0.57% | |
| BRX | A | -0.54% | |
| EGP | D | -0.52% | |
| NNN | C | -0.48% | |
| ADC | A | -0.47% | |
| VNO | C | -0.44% | |
| FR | D | -0.43% | |
| HR | C | -0.41% | |
| RHP | B | -0.4% | |
| STAG | D | -0.4% | |
| COLD | D | -0.39% | |
| EPRT | A | -0.36% | |
| KRG | A | -0.36% | |
| TRNO | D | -0.35% | |
| SLG | B | -0.31% | |
| CTRE | C | -0.3% | |
| CUZ | B | -0.29% | |
| PECO | B | -0.29% | |
| IRT | A | -0.29% | |
| KRC | C | -0.28% | |
| MAC | A | -0.26% | |
| SKT | A | -0.24% | |
| LINE | F | -0.24% | |
| CDP | D | -0.21% | |
| APLE | B | -0.21% | |
| HIW | D | -0.2% | |
| BNL | D | -0.19% | |
| UE | B | -0.18% | |
| DEI | A | -0.18% | |
| IIPR | F | -0.18% | |
| CURB | D | -0.16% | |
| MPW | F | -0.16% | |
| AKR | A | -0.16% | |
| LXP | D | -0.16% | |
| FCPT | C | -0.16% | |
| AHR | A | -0.14% | |
| IVT | A | -0.13% | |
| ROIC | A | -0.13% | |
| GTY | A | -0.1% | |
| ALEX | A | -0.09% | |
| VRE | A | -0.09% | |
| ESRT | C | -0.09% | |
| RLJ | C | -0.09% | |
| GNL | D | -0.09% | |
| NTST | D | -0.08% | |
| JBGS | D | -0.08% | |
| AIV | C | -0.08% | |
| UMH | B | -0.08% | |
| AAT | A | -0.08% | |
| ELME | D | -0.08% | |
| CSR | B | -0.07% | |
| PDM | D | -0.07% | |
| DEA | D | -0.07% | |
| NXRT | A | -0.06% | |
| SAFE | F | -0.06% | |
| AHH | D | -0.05% | |
| SITC | D | -0.05% | |
| PGRE | F | -0.05% | |
| BDN | C | -0.05% | |
| SVC | F | -0.03% | |
| HPP | F | -0.03% | |
| SAR | A | -0.0% |
AREA: Top Represented Industries & Keywords
REET: Top Represented Industries & Keywords
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