REZ vs. AREA ETF Comparison
Comparison of iShares Residential Real Estate Capped ETF (REZ) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
REZ
iShares Residential Real Estate Capped ETF
REZ Description
The investment seeks to track the investment results of an index composed of U.S. residential, healthcare and self-storage real estate equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. Components primarily include real estate investment trusts ("REITs"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$87.52
Average Daily Volume
170,551
39
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 | REZ | AREA |
|---|---|---|
| 30 Days | 1.19% | -1.81% |
| 60 Days | -1.37% | -4.28% |
| 90 Days | 2.39% | |
| 12 Months | 34.89% |
14 Overlapping Holdings
| Symbol | Grade | Weight in REZ | Weight in AREA | Overlap | |
|---|---|---|---|---|---|
| CUBE | C | 2.36% | 5.4% | 2.36% | |
| DHC | F | 0.12% | 0.19% | 0.12% | |
| DOC | C | 3.36% | 2.5% | 2.5% | |
| ELS | C | 2.94% | 3.81% | 2.94% | |
| EXR | C | 6.8% | 6.05% | 6.05% | |
| INVH | D | 4.2% | 0.42% | 0.42% | |
| LTC | B | 0.37% | 1.13% | 0.37% | |
| NHI | D | 0.74% | 2.8% | 0.74% | |
| NSA | C | 0.64% | 1.21% | 0.64% | |
| OHI | C | 2.23% | 2.55% | 2.23% | |
| PSA | C | 10.45% | 2.59% | 2.59% | |
| SBRA | C | 0.99% | 3.64% | 0.99% | |
| SILA | C | 0.31% | 1.26% | 0.31% | |
| VTR | B | 4.63% | 1.0% | 1.0% |
REZ Overweight 25 Positions Relative to AREA
| Symbol | Grade | Weight | |
|---|---|---|---|
| WELL | A | 16.4% | |
| AVB | B | 6.53% | |
| EQR | C | 5.52% | |
| ESS | B | 4.24% | |
| ARE | F | 4.14% | |
| MAA | B | 4.1% | |
| SUI | C | 3.38% | |
| UDR | B | 3.21% | |
| AMH | C | 2.78% | |
| CPT | B | 2.76% | |
| HR | B | 1.47% | |
| CTRE | C | 1.05% | |
| IRT | A | 1.02% | |
| MPW | F | 0.57% | |
| AHR | A | 0.47% | |
| ELME | D | 0.33% | |
| VRE | B | 0.31% | |
| AIV | C | 0.27% | |
| UMH | B | 0.27% | |
| CSR | B | 0.25% | |
| NXRT | B | 0.23% | |
| GMRE | F | 0.12% | |
| UHT | D | 0.12% | |
| CHCT | C | 0.11% | |
| BRT | A | 0.05% |
REZ Underweight 19 Positions Relative to AREA
REZ: Top Represented Industries & Keywords
AREA: Top Represented Industries & Keywords
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