AREA vs. RSPR ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Invesco S&P 500 Equal Weight Real Estate ETF (RSPR)
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
RSPR
Invesco S&P 500 Equal Weight Real Estate ETF
RSPR Description
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Real Estate Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the real estate sector, as defined according to the Global Industry Classification Standard (GICS).Grade (RS Rating)
Last Trade
$37.22
Average Daily Volume
15,725
31
Performance
| Period | AREA | RSPR |
|---|---|---|
| 30 Days | -2.86% | -0.70% |
| 60 Days | -5.30% | -1.32% |
| 90 Days | 3.72% | |
| 12 Months | 28.37% |
12 Overlapping Holdings
| Symbol | Grade | Weight in AREA | Weight in RSPR | Overlap | |
|---|---|---|---|---|---|
| AMT | D | 6.24% | 2.72% | 2.72% | |
| CCI | C | 0.71% | 2.87% | 0.71% | |
| DOC | D | 2.5% | 3.19% | 2.5% | |
| EXR | C | 6.05% | 3.06% | 3.06% | |
| HST | D | 5.76% | 3.43% | 3.43% | |
| INVH | D | 0.42% | 3.04% | 0.42% | |
| IRM | C | 3.75% | 3.29% | 3.29% | |
| PSA | D | 2.59% | 3.1% | 2.59% | |
| SBAC | D | 6.1% | 2.99% | 2.99% | |
| VICI | C | 3.24% | 3.06% | 3.06% | |
| VTR | B | 1.0% | 3.29% | 1.0% | |
| WY | D | 7.01% | 3.16% | 3.16% |
AREA Overweight 21 Positions Relative to RSPR
AREA Underweight 19 Positions Relative to RSPR
AREA: Top Represented Industries & Keywords
RSPR: Top Represented Industries & Keywords
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