BYRE vs. AREA ETF Comparison
Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
BYRE
Principal Real Estate Active Opportunities ETF
BYRE Description
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$25.62
Average Daily Volume
957
Number of Holdings
*
22
* may have additional holdings in another (foreign) market
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
Number of Holdings
*
34
* may have additional holdings in another (foreign) market
Performance
Period | BYRE | AREA |
---|---|---|
30 Days | -3.18% | -4.09% |
60 Days | -1.84% | |
90 Days | 1.75% | |
12 Months | 23.30% |
12 Overlapping Holdings
Symbol | Grade | Weight in BYRE | Weight in AREA | Overlap | |
---|---|---|---|---|---|
AMT | D | 7.12% | 6.47% | 6.47% | |
CCI | D | 1.79% | 2.15% | 1.79% | |
DRH | D | 1.55% | 3.42% | 1.55% | |
EXR | D | 5.61% | 2.94% | 2.94% | |
GLPI | D | 4.19% | 0.48% | 0.48% | |
INVH | F | 6.12% | 0.93% | 0.93% | |
NHI | C | 2.22% | 2.73% | 2.22% | |
SBAC | D | 5.11% | 6.22% | 5.11% | |
SBRA | B | 4.26% | 3.68% | 3.68% | |
VICI | D | 4.18% | 3.23% | 3.23% | |
VTR | B | 8.53% | 0.99% | 0.99% | |
WELL | A | 4.95% | 0.27% | 0.27% |
BYRE Underweight 22 Positions Relative to AREA
Symbol | Grade | Weight | |
---|---|---|---|
LAMR | B | -7.21% | |
WY | D | -6.92% | |
HST | D | -5.36% | |
CUBE | D | -5.19% | |
IRM | B | -4.04% | |
EPR | D | -3.74% | |
RYN | C | -3.62% | |
ELS | D | -3.57% | |
SHO | D | -2.86% | |
OHI | B | -2.57% | |
DOC | C | -2.52% | |
PSA | D | -2.51% | |
LAND | F | -2.34% | |
LTC | A | -1.74% | |
PK | F | -1.61% | |
OUT | C | -1.4% | |
NSA | D | -1.17% | |
INN | F | -1.03% | |
DHC | D | -0.49% | |
SILA | C | -0.34% | |
BHR | D | -0.3% | |
XHR | C | -0.25% |
BYRE: Top Represented Industries & Keywords
Industries:
REIT - Diversified
REIT - Healthcare Facilities
REIT - Industrial
REIT - Residential
REIT - Hotel & Motel
REIT - Office
Telecom Services
Resorts & Casinos
Keywords:
Real Estate Investment Trust
S&P 500
Sba Communications
Assisted Living
Communications Sites
Distributed Antenna System
Hospitality Industry
Industrial Real Estate
Information And Communications Technology
Marriott International
Pcia The Wireless Infrastructure Association
Real Estate Properties
Rental Homes
Site Development Services
Telecommunications
Tourism
Tower Site
Travel
Wireless Communication
Wireless Networking
AREA: Top Represented Industries & Keywords
Industries:
REIT - Healthcare Facilities
REIT - Hotel & Motel
REIT - Diversified
REIT - Industrial
Lumber & Wood Production
REIT - Residential
Telecom Services
Business Services
REIT - Retail
Keywords:
Real Estate Investment Trust
S&P 500
Assisted Living
Hotel
Hospitality Industry
Real Estate Market
Sba Communications
Self Storage
Tourism
Travel
Advertising
Advertising Space
Billboard
Cellulose
Cellulose Fiber
Communications Sites
Distributed Antenna System
Extra Space Storage
Golf Courses
Healthcare Facilities