AREA vs. REK ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to ProShares Short Real Estate (REK)
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
$20.01
Average Daily Volume
182
33
REK
ProShares Short Real Estate
REK Description
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$16.48
Average Daily Volume
10,551
87
Performance
| Period | AREA | REK |
|---|---|---|
| 30 Days | -1.81% | 0.78% |
| 60 Days | -4.28% | 2.27% |
| 90 Days | 0.37% | |
| 12 Months | -14.63% |
26 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in REK | Overlap | |
|---|---|---|---|---|---|
| AMT | C | 6.24% | 8.05% | 6.24% | |
| CCI | C | 0.71% | 4.7% | 0.71% | |
| CUBE | C | 5.4% | 0.47% | 0.47% | |
| DOC | C | 2.5% | 1.4% | 1.4% | |
| ELS | C | 3.81% | 1.0% | 1.0% | |
| EPR | C | 3.65% | 0.44% | 0.44% | |
| EXR | C | 6.05% | 1.13% | 1.13% | |
| GLPI | C | 0.48% | 0.72% | 0.48% | |
| HST | C | 5.76% | 1.0% | 1.0% | |
| INVH | D | 0.42% | 1.28% | 0.42% | |
| IRM | C | 3.75% | 0.7% | 0.7% | |
| LAMR | C | 6.89% | 0.62% | 0.62% | |
| NHI | D | 2.8% | 0.29% | 0.29% | |
| OHI | C | 2.55% | 0.74% | 0.74% | |
| OUT | A | 1.5% | 0.32% | 0.32% | |
| PEB | D | 0.25% | 0.26% | 0.25% | |
| PK | C | 1.74% | 0.46% | 0.46% | |
| PSA | C | 2.59% | 2.58% | 2.58% | |
| RYN | D | 3.56% | 0.32% | 0.32% | |
| SBAC | D | 6.1% | 2.21% | 2.21% | |
| SBRA | C | 3.64% | 0.33% | 0.33% | |
| SHO | D | 2.87% | 0.24% | 0.24% | |
| VICI | C | 3.24% | 0.76% | 0.76% | |
| VTR | B | 1.0% | 1.71% | 1.0% | |
| WY | F | 7.01% | 1.8% | 1.8% | |
| XHR | B | 0.26% | 0.18% | 0.18% |
AREA Underweight 61 Positions Relative to REK
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLD | F | -4.64% | |
| EQIX | A | -3.91% | |
| SPG | A | -3.53% | |
| WELL | A | -2.73% | |
| AVB | B | -2.35% | |
| EQR | C | -2.24% | |
| DLR | B | -2.02% | |
| O | C | -1.94% | |
| CSGP | D | -1.85% | |
| ESS | B | -1.59% | |
| CBRE | B | -1.59% | |
| BXP | C | -1.56% | |
| ARE | F | -1.46% | |
| MAA | B | -1.19% | |
| WPC | C | -1.12% | |
| SUI | C | -1.12% | |
| NLY | C | -1.08% | |
| UDR | B | -1.08% | |
| MPW | F | -0.9% | |
| VNO | C | -0.83% | |
| CPT | B | -0.83% | |
| REG | A | -0.82% | |
| AGNC | C | -0.77% | |
| NNN | C | -0.74% | |
| FRT | B | -0.71% | |
| JLL | D | -0.69% | |
| KIM | A | -0.67% | |
| KRC | B | -0.63% | |
| AIV | C | -0.61% | |
| SLG | B | -0.58% | |
| STWD | C | -0.56% | |
| AMH | C | -0.54% | |
| DEI | B | -0.54% | |
| COLD | D | -0.53% | |
| CUZ | B | -0.48% | |
| BRX | A | -0.48% | |
| HPP | F | -0.45% | |
| HHH | B | -0.42% | |
| FR | D | -0.42% | |
| EGP | D | -0.41% | |
| HIW | C | -0.41% | |
| REXR | F | -0.41% | |
| BXMT | C | -0.39% | |
| RHP | B | -0.37% | |
| JBGS | F | -0.37% | |
| HR | B | -0.36% | |
| TWO | F | -0.32% | |
| CIM | D | -0.31% | |
| SVC | F | -0.31% | |
| EQC | B | -0.31% | |
| DSS | F | -0.28% | |
| MFA | D | -0.28% | |
| APLE | B | -0.26% | |
| RLJ | C | -0.23% | |
| PDM | D | -0.23% | |
| PCH | F | -0.23% | |
| BDN | C | -0.22% | |
| PGRE | F | -0.22% | |
| MAC | B | -0.22% | |
| LXP | D | -0.21% | |
| IVR | F | -0.19% |
AREA: Top Represented Industries & Keywords
REK: Top Represented Industries & Keywords
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