AREA vs. SMHB ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)
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
SMHB
ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B
SMHB Description
The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.Grade (RS Rating)
Last Trade
$5.58
Average Daily Volume
40,001
90
Performance
| Period | AREA | SMHB |
|---|---|---|
| 30 Days | -1.81% | -9.80% |
| 60 Days | -4.28% | -10.51% |
| 90 Days | -1.80% | |
| 12 Months | 14.54% |
AREA Overweight 29 Positions Relative to SMHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | F | 7.01% | |
| LAMR | C | 6.89% | |
| AMT | C | 6.24% | |
| SBAC | D | 6.1% | |
| EXR | C | 6.05% | |
| HST | C | 5.76% | |
| CUBE | C | 5.4% | |
| ELS | C | 3.81% | |
| IRM | C | 3.75% | |
| DRH | B | 3.58% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| SHO | D | 2.87% | |
| PSA | C | 2.59% | |
| OHI | C | 2.55% | |
| DOC | C | 2.5% | |
| LAND | F | 2.21% | |
| PK | C | 1.74% | |
| OUT | A | 1.5% | |
| SILA | C | 1.26% | |
| NSA | C | 1.21% | |
| INN | D | 1.06% | |
| VTR | B | 1.0% | |
| CCI | C | 0.71% | |
| GLPI | C | 0.48% | |
| INVH | D | 0.42% | |
| XHR | B | 0.26% | |
| PEB | D | 0.25% | |
| DHC | F | 0.19% |
AREA Underweight 86 Positions Relative to SMHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLG | B | -4.87% | |
| XRX | F | -4.09% | |
| DTM | A | -3.81% | |
| BXMT | C | -3.43% | |
| DSS | F | -2.87% | |
| TWO | F | -2.87% | |
| CIM | D | -2.62% | |
| BDN | C | -2.41% | |
| BGS | F | -2.41% | |
| ABR | C | -2.21% | |
| APAM | B | -2.02% | |
| PAGP | A | -1.88% | |
| UNIT | B | -1.86% | |
| UWMC | D | -1.84% | |
| ARR | D | -1.65% | |
| ORC | B | -1.51% | |
| CCOI | B | -1.51% | |
| PSEC | D | -1.47% | |
| IVR | F | -1.43% | |
| DEA | D | -1.35% | |
| PMT | C | -1.35% | |
| MFA | D | -1.27% | |
| RWT | D | -1.24% | |
| CTRE | C | -1.16% | |
| PETS | C | -1.13% | |
| MAIN | A | -1.09% | |
| HTGC | D | -1.03% | |
| ARI | C | -1.02% | |
| GNL | F | -1.01% | |
| FCPT | C | -1.0% | |
| EFC | C | -1.0% | |
| PDM | D | -0.99% | |
| GSBD | F | -0.94% | |
| NEWT | C | -0.94% | |
| NYMT | C | -0.93% | |
| DX | B | -0.89% | |
| KREF | C | -0.8% | |
| VGR | B | -0.79% | |
| NWBI | B | -0.77% | |
| GBDC | D | -0.73% | |
| CODI | B | -0.72% | |
| VNOM | A | -0.65% | |
| SCS | C | -0.65% | |
| RC | D | -0.65% | |
| ACRE | B | -0.64% | |
| LADR | B | -0.62% | |
| TSLX | C | -0.62% | |
| HESM | B | -0.59% | |
| UVV | B | -0.54% | |
| OCSL | F | -0.54% | |
| AROC | A | -0.53% | |
| GMRE | F | -0.5% | |
| ILPT | F | -0.49% | |
| BRSP | C | -0.49% | |
| WSR | A | -0.46% | |
| ALX | D | -0.45% | |
| GTY | A | -0.44% | |
| OPI | F | -0.4% | |
| RMR | F | -0.38% | |
| NMFC | D | -0.38% | |
| UHT | D | -0.36% | |
| GPMT | C | -0.34% | |
| CSWC | D | -0.34% | |
| GOOD | B | -0.33% | |
| FSP | B | -0.29% | |
| TRTX | C | -0.29% | |
| TCPC | C | -0.27% | |
| AHH | D | -0.27% | |
| CGBD | C | -0.25% | |
| BCSF | C | -0.24% | |
| TPVG | B | -0.23% | |
| PFLT | D | -0.23% | |
| SLRC | A | -0.23% | |
| UVE | B | -0.22% | |
| BBDC | A | -0.22% | |
| KRO | C | -0.2% | |
| EBF | F | -0.18% | |
| GAIN | B | -0.17% | |
| PNNT | C | -0.16% | |
| OLP | B | -0.16% | |
| FDUS | A | -0.16% | |
| GLAD | B | -0.15% | |
| BFS | C | -0.14% | |
| TRIN | A | -0.12% | |
| CCAP | A | -0.1% | |
| REPX | A | -0.07% |
AREA: Top Represented Industries & Keywords
SMHB: Top Represented Industries & Keywords
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