REAI vs. ROOF ETF Comparison

Comparison of Intelligent Real Estate ETF (REAI) to IQ US Real Estate Small Cap ETF (ROOF)

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$22.09

Average Daily Volume

273

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ROOF

IQ US Real Estate Small Cap ETF

ROOF Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ U.S. Real Estate Small Cap Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"), the parent company of IndexIQ Advisors LLC, the fund's investment advisor (the "Advisor"). The underlying index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.75

Average Daily Volume

99,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REAI	ROOF
30 Days	-2.15%	-2.98%
60 Days	-2.40%	-5.92%
90 Days	0.37%	-1.18%
12 Months	27.07%	14.63%

21 Overlapping Holdings

Symbol	Grade	Weight in REAI	Weight in ROOF	Overlap
AMT	C	1.44%	4.41%	1.44%
CCI	C	1.51%	4.3%	1.51%
CPT	B	1.63%	1.11%	1.11%
DOC	C	1.58%	1.27%	1.27%
EGP	D	1.55%	1.58%	1.55%
ELS	C	1.7%	1.15%	1.15%
EQIX	A	1.68%	5.1%	1.68%
ESS	B	1.71%	1.69%	1.69%
FR	D	1.56%	1.31%	1.31%
IIPR	D	1.28%	0.54%	0.54%
INVH	D	1.6%	1.81%	1.6%
LTC	B	1.73%	0.14%	0.14%
MAA	B	1.65%	1.63%	1.63%
NHI	D	1.59%	0.3%	0.3%
NXRT	B	1.71%	0.1%	0.1%
PLYM	F	1.43%	0.15%	0.15%
SBRA	C	1.64%	0.37%	0.37%
STAG	D	1.57%	1.24%	1.24%
SUI	C	1.54%	1.36%	1.36%
UDR	B	1.64%	1.28%	1.28%
VTR	B	1.64%	2.3%	1.64%

REAI Overweight 39 Positions Relative to ROOF

Symbol	Grade	Weight
CHCT	C	1.83%
SLG	B	1.8%
UE	B	1.75%
CBL	B	1.72%
BRX	A	1.71%
SKT	A	1.7%
MAC	B	1.7%
DEI	B	1.69%
SPG	A	1.68%
GOOD	B	1.68%
OLP	B	1.68%
APLE	B	1.65%
KRC	B	1.65%
AAT	B	1.65%
DRH	B	1.64%
FRT	B	1.64%
XHR	B	1.62%
RHP	B	1.62%
AHH	D	1.62%
OHI	C	1.61%
UHT	D	1.58%
BFS	C	1.58%
HST	C	1.58%
PDM	D	1.57%
PSA	C	1.56%
CDP	C	1.56%
ESRT	C	1.55%
GLPI	C	1.55%
BXP	C	1.55%
CUBE	C	1.55%
LAMR	C	1.54%
HIW	C	1.53%
ALX	D	1.53%
IRM	C	1.51%
EPR	C	1.49%
BDN	C	1.47%
NNN	C	1.42%
OPI	F	0.99%
SVC	F	0.96%

REAI Underweight 23 Positions Relative to ROOF

Symbol	Grade	Weight
DLR	B	-5.57%
WELL	A	-5.16%
PLD	F	-4.67%
SBAC	D	-4.48%
UNIT	B	-4.25%
AVB	B	-2.85%
EQR	C	-2.44%
REXR	F	-1.73%
ARE	F	-1.61%
AMH	C	-1.2%
COLD	D	-1.17%
TRNO	F	-1.1%
LXP	D	-0.5%
IRT	A	-0.42%
CTRE	C	-0.41%
MPW	F	-0.22%
VRE	B	-0.15%
SILA	C	-0.12%
UMH	B	-0.12%
ELME	D	-0.12%
AIV	C	-0.1%
CSR	B	-0.09%
DHC	F	-0.05%