IYLD vs. AREA ETF Comparison
Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
IYLD
iShares Morningstar Multi-Asset Income ETF
IYLD Description
The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.
Grade (RS Rating)
Last Trade
$20.14
Average Daily Volume
15,430
11
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
Performance
| Period | IYLD | AREA |
|---|---|---|
| 30 Days | -0.93% | -1.81% |
| 60 Days | -1.77% | -4.28% |
| 90 Days | -0.48% | |
| 12 Months | 10.11% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IYLD | Weight in AREA | Overlap |
|---|
IYLD Underweight 33 Positions Relative to AREA
| 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% | |
| EPR | C | -3.65% | |
| SBRA | C | -3.64% | |
| DRH | B | -3.58% | |
| RYN | D | -3.56% | |
| VICI | C | -3.24% | |
| SHO | D | -2.87% | |
| NHI | D | -2.8% | |
| 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% | |
| LTC | B | -1.13% | |
| 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% |
IYLD: Top Represented Industries & Keywords
AREA: Top Represented Industries & Keywords
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