PPTY
US Diversified Real Estate ETF
The U.S. Diversified Real Estate ETF tracks an index of fundamentally selected and weighted US-listed equities that derive income from the ownership or management of real estate.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
86.4 M
ASSETS UNDER MGMT
53 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 26, 2018 |
| Assets (mns) | $86 |
| Expense ratio | 53 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EQUINIX INC | 4.4 % |
| AVALONBAY COMMUNITIES INC | 4.1 % |
| DIGITAL REALTY TRUST INC | 4.0 % |
| PROLOGIS INC | 3.5 % |
| FOUR CORNERS PROPERTY TRUST, INC. | 3.4 % |
| ALEXANDRIA REAL ESTATE EQUIT | 3.4 % |
| EQUITY RESIDENTIAL | 2.9 % |
| SIMON PROPERTY GROUP INC | 2.9 % |
| WELLTOWER, INC. | 2.8 % |
| EASTERLY GOVERNMENT PROPERTIES, INC. | 2.4 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 205 |
| Wgt avg mkt cap (mns) | $23,336 |
| Large cap (>$10bn) | 55.3% |
| Mid cap ($2-10bn) | 36.8% |
| Small cap (<$2bn) | 7.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.5% | 32.3% | 11.2% | -0.6% | 3.3% | -- | 7.3% | Volatility | 15.3% | 17.1% | 18.8% | 20.0% | 25.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 77% |
| MSCI EAFE | 0.97 | 69% |
| MSCI Emg Mkts | 0.77 | 42% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $8,132 |
Technical Indicators
| Recent close | $33.87 |
| 30d moving avg. | $33.62 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PPTY |
Expenses vs. PPTY |
ALTAR Score™ vs. PPTY |
|---|---|---|---|---|
| RWR | SPDR Dow Jones REIT ETF | 59.5% | -28 bp | +0.5% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 57.9% | -42 bp | +0.7% |
| USRT | iShares Core U.S. REIT ETF | 56.0% | -45 bp | +0.7% |
| FRI | First Trust S&P REIT Index Fund | 55.8% | -3 bp | +0.3% |
| DFAR | Dimensional US Real Estate ETF | 53.0% | -34 bp | +0.7% |
| SCHH | Schwab U.S. REIT ETF | 51.9% | -46 bp | +0.9% |
| FREL | Fidelity MSCI Real Estate Index ETF | 50.4% | -45 bp | +0.5% |
| VNQ | Vanguard Real Estate ETF | 50.1% | -41 bp | +0.6% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 49.8% | -3 bp | +0.5% |
| REET | iShares Global REIT ETF | 48.1% | -39 bp | +0.7% |
Risk and Returns: PPTY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PPTY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PPTY
5.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. PPTY's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places PPTY in the 53rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PPTYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PPTY (53 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PPTY | 53.0 | 23.4 | 76.4 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .