AREA vs. ROOF ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to IQ US Real Estate Small Cap ETF (ROOF)
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
ROOF
IQ US Real Estate Small Cap ETF
ROOF Description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ U.S. Real Estate Small Cap Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"), the parent company of IndexIQ Advisors LLC, the fund's investment advisor (the "Advisor"). The underlying index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector. It is non-diversified.Grade (RS Rating)
Last Trade
$20.75
Average Daily Volume
99,157
44
Performance
| Period | AREA | ROOF |
|---|---|---|
| 30 Days | -2.86% | -2.98% |
| 60 Days | -5.30% | -5.92% |
| 90 Days | -1.18% | |
| 12 Months | 14.63% |
12 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in ROOF | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.24% | 4.41% | 4.41% | |
| CCI | C | 0.71% | 4.3% | 0.71% | |
| DHC | F | 0.19% | 0.05% | 0.05% | |
| DOC | D | 2.5% | 1.27% | 1.27% | |
| ELS | B | 3.81% | 1.15% | 1.15% | |
| INVH | D | 0.42% | 1.81% | 0.42% | |
| LTC | B | 1.13% | 0.14% | 0.14% | |
| NHI | D | 2.8% | 0.3% | 0.3% | |
| SBAC | D | 6.1% | 4.48% | 4.48% | |
| SBRA | B | 3.64% | 0.37% | 0.37% | |
| SILA | C | 1.26% | 0.12% | 0.12% | |
| VTR | B | 1.0% | 2.3% | 1.0% |
AREA Overweight 21 Positions Relative to ROOF
AREA Underweight 32 Positions Relative to ROOF
| Symbol | Grade | Weight | |
|---|---|---|---|
| DLR | A | -5.57% | |
| WELL | A | -5.16% | |
| EQIX | A | -5.1% | |
| PLD | D | -4.67% | |
| UNIT | B | -4.25% | |
| AVB | B | -2.85% | |
| EQR | C | -2.44% | |
| REXR | F | -1.73% | |
| ESS | B | -1.69% | |
| MAA | B | -1.63% | |
| ARE | F | -1.61% | |
| EGP | D | -1.58% | |
| SUI | C | -1.36% | |
| FR | D | -1.31% | |
| UDR | C | -1.28% | |
| STAG | D | -1.24% | |
| AMH | C | -1.2% | |
| COLD | D | -1.17% | |
| CPT | C | -1.11% | |
| TRNO | D | -1.1% | |
| IIPR | F | -0.54% | |
| LXP | D | -0.5% | |
| IRT | A | -0.42% | |
| CTRE | C | -0.41% | |
| MPW | F | -0.22% | |
| VRE | A | -0.15% | |
| PLYM | F | -0.15% | |
| UMH | B | -0.12% | |
| ELME | D | -0.12% | |
| NXRT | A | -0.1% | |
| AIV | C | -0.1% | |
| CSR | B | -0.09% |
AREA: Top Represented Industries & Keywords
ROOF: Top Represented Industries & Keywords
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