REZ vs. REAI ETF Comparison

Comparison of iShares Residential Real Estate Capped ETF (REZ) to Intelligent Real Estate ETF (REAI)

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

$85.12

Average Daily Volume

173,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$21.66

Average Daily Volume

397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REZ	REAI
30 Days	-1.23%	-3.22%
60 Days	-2.09%	-2.17%
90 Days	4.42%	1.69%
12 Months	33.61%	24.18%

18 Overlapping Holdings

Symbol	Grade	Weight in REZ	Weight in REAI	Overlap
CHCT	C	0.11%	1.83%	0.11%
CPT	D	2.71%	1.56%	1.56%
CUBE	D	2.39%	1.54%	1.54%
DOC	C	3.45%	1.67%	1.67%
ELS	D	2.83%	1.66%	1.66%
ESS	D	4.18%	1.6%	1.6%
INVH	F	4.23%	1.49%	1.49%
LTC	A	0.33%	1.72%	0.33%
MAA	D	3.94%	1.58%	1.58%
NHI	D	0.69%	1.57%	0.69%
NXRT	D	0.22%	1.58%	0.22%
OHI	B	2.27%	1.72%	1.72%
PSA	D	10.67%	1.54%	1.54%
SBRA	B	0.96%	1.74%	0.96%
SUI	D	3.66%	1.64%	1.64%
UDR	D	3.19%	1.55%	1.55%
UHT	D	0.11%	1.53%	0.11%
VTR	B	4.68%	1.69%	1.69%

REZ Overweight 21 Positions Relative to REAI

Symbol	Grade	Weight
WELL	A	15.75%
EXR	D	6.98%
AVB	C	6.44%
EQR	D	5.66%
ARE	F	4.33%
AMH	F	2.86%
HR	D	1.49%
IRT	D	0.98%
CTRE	B	0.97%
NSA	D	0.65%
MPW	D	0.61%
AHR	B	0.47%
ELME	D	0.33%
SILA	B	0.32%
VRE	D	0.29%
UMH	D	0.27%
AIV	D	0.27%
CSR	D	0.24%
DHC	C	0.16%
GMRE	D	0.12%
BRT	F	0.04%

REZ Underweight 42 Positions Relative to REAI

Symbol	Grade	Weight
SLG	B	-1.79%
UE	A	-1.69%
EQIX	B	-1.69%
KRC	B	-1.68%
CDP	A	-1.67%
CBL	B	-1.66%
IRM	B	-1.65%
MAC	A	-1.65%
AAT	B	-1.63%
DEI	B	-1.62%
AHH	D	-1.61%
STAG	F	-1.61%
PDM	B	-1.61%
FRT	D	-1.6%
BRX	A	-1.6%
HIW	C	-1.6%
GLPI	C	-1.59%
IIPR	B	-1.59%
LAMR	B	-1.59%
OLP	D	-1.59%
ALX	D	-1.59%
SKT	B	-1.58%
SPG	A	-1.58%
CCI	D	-1.57%
AMT	D	-1.57%
GOOD	A	-1.57%
APLE	B	-1.56%
BFS	D	-1.56%
BXP	C	-1.56%
DRH	D	-1.55%
EGP	F	-1.55%
ESRT	D	-1.55%
PLYM	F	-1.55%
FR	D	-1.55%
HST	D	-1.55%
RHP	A	-1.54%
EPR	D	-1.52%
XHR	C	-1.52%
NNN	D	-1.46%
BDN	D	-1.43%
OPI	F	-1.25%
SVC	F	-1.1%