AREA vs. SPRE ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to SP Funds S&P Global REIT Sharia ETF (SPRE)
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
$19.86
Average Daily Volume
229
34
SPRE
SP Funds S&P Global REIT Sharia ETF
SPRE Description
Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is a Shariah-Compliant exchange traded fund launched and managed by Toroso Investments, LLC. It is co-managed by Shariaportfolio, Inc. It invests in public equity markets of global region. The fund invests in stocks of companies operating across real estate, equity investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P Global Sharia All REIT Capped Index, by using full replication technique. The fund does not invest in stocks of companies operating across gambling, alcohol and tobacco sectors. Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$20.50
Average Daily Volume
66,293
16
Performance
| Period | AREA | SPRE |
|---|---|---|
| 30 Days | -4.09% | -5.75% |
| 60 Days | -3.85% | |
| 90 Days | -0.58% | |
| 12 Months | 21.13% |
AREA Overweight 30 Positions Relative to SPRE
| Symbol | Grade | Weight | |
|---|---|---|---|
| LAMR | B | 7.21% | |
| AMT | D | 6.47% | |
| SBAC | D | 6.22% | |
| HST | D | 5.36% | |
| IRM | B | 4.04% | |
| EPR | D | 3.74% | |
| SBRA | B | 3.68% | |
| DRH | D | 3.42% | |
| VICI | D | 3.23% | |
| EXR | D | 2.94% | |
| SHO | D | 2.86% | |
| NHI | C | 2.73% | |
| OHI | B | 2.57% | |
| DOC | C | 2.52% | |
| PSA | D | 2.51% | |
| LAND | F | 2.34% | |
| CCI | D | 2.15% | |
| LTC | A | 1.74% | |
| PK | F | 1.61% | |
| OUT | C | 1.4% | |
| NSA | D | 1.17% | |
| INN | F | 1.03% | |
| VTR | B | 0.99% | |
| INVH | F | 0.93% | |
| DHC | D | 0.49% | |
| GLPI | D | 0.48% | |
| SILA | C | 0.34% | |
| BHR | D | 0.3% | |
| WELL | A | 0.27% | |
| XHR | C | 0.25% |
AREA: Top Represented Industries & Keywords
SPRE: Top Represented Industries & Keywords
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