AREA vs. VABS ETF Comparison
Comparison of Harbor AlphaEdge Next Generation REITs ETF (AREA) to Virtus Newfleet ABS/MBS ETF (VABS)
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
$20.14
Average Daily Volume
178
33
VABS
Virtus Newfleet ABS/MBS ETF
VABS Description
The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.Grade (RS Rating)
Last Trade
$24.17
Average Daily Volume
2,387
50
Performance
| Period | AREA | VABS |
|---|---|---|
| 30 Days | -1.86% | 0.28% |
| 60 Days | -4.63% | 0.04% |
| 90 Days | 0.27% | |
| 12 Months | 6.93% |
AREA Overweight 28 Positions Relative to VABS
| Symbol | Grade | Weight | |
|---|---|---|---|
| WY | D | 7.01% | |
| LAMR | D | 6.89% | |
| AMT | D | 6.24% | |
| SBAC | D | 6.1% | |
| EXR | D | 6.05% | |
| HST | C | 5.76% | |
| CUBE | D | 5.4% | |
| ELS | C | 3.81% | |
| IRM | D | 3.75% | |
| SBRA | C | 3.64% | |
| RYN | D | 3.56% | |
| VICI | C | 3.24% | |
| NHI | D | 2.8% | |
| PSA | D | 2.59% | |
| OHI | C | 2.55% | |
| DOC | D | 2.5% | |
| LAND | F | 2.21% | |
| PK | B | 1.74% | |
| OUT | A | 1.5% | |
| SILA | C | 1.26% | |
| NSA | D | 1.21% | |
| LTC | B | 1.13% | |
| VTR | C | 1.0% | |
| CCI | D | 0.71% | |
| GLPI | C | 0.48% | |
| INVH | D | 0.42% | |
| XHR | B | 0.26% | |
| DHC | F | 0.19% |
AREA Underweight 45 Positions Relative to VABS
| Symbol | Grade | Weight | |
|---|---|---|---|
| RLJ | C | -4.48% | |
| BW | D | -2.27% | |
| EFC | C | -1.89% | |
| BFS | C | -1.53% | |
| EQC | B | -1.49% | |
| PBI | B | -1.34% | |
| TWO | D | -1.26% | |
| ARR | D | -1.25% | |
| GNL | F | -0.94% | |
| F | C | -0.87% | |
| MFA | D | -0.86% | |
| CIM | D | -0.82% | |
| IVR | F | -0.78% | |
| DBRG | F | -0.62% | |
| ET | A | -0.55% | |
| MITT | D | -0.45% | |
| CTO | B | -0.29% | |
| PSEC | D | -0.23% | |
| TDS | B | -0.23% | |
| PMT | D | -0.21% | |
| AHH | D | -0.17% | |
| LXP | D | -0.17% | |
| ATCOL | A | -0.15% | |
| BHR | B | -0.15% | |
| UMH | C | -0.11% | |
| ABR | C | -0.1% | |
| ALLY | C | -0.1% | |
| FTAI | B | -0.06% | |
| ALTG | C | -0.05% | |
| FHN | A | -0.04% | |
| AL | B | -0.04% | |
| CIO | D | -0.03% | |
| NLY | C | -0.03% | |
| SNV | B | -0.02% | |
| DX | B | -0.02% | |
| CODI | B | -0.02% | |
| CNO | A | -0.01% | |
| VNO | B | -0.01% | |
| BOH | B | -0.01% | |
| SF | B | -0.01% | |
| EQH | B | -0.01% | |
| COF | B | -0.01% | |
| IFF | D | -0.01% | |
| JPM | A | -0.01% | |
| NEE | D | -0.01% |
AREA: Top Represented Industries & Keywords
VABS: Top Represented Industries & Keywords
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