RIET
Hoya Capital High Dividend Yield ETF
RIET tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
90.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Pettee Investors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 21, 2021 |
| Assets (mns) | $90 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fixed |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| UNITI GROUP INC | 1.9 % |
| BOSTON PROPERTIES INC | 1.8 % |
| OMEGA HEALTHCARE INVESTORS | 1.8 % |
| NATIONAL STORAGE AFFILIATES TRUST | 1.7 % |
| KILROY REALTY CORP | 1.7 % |
| SIMON PROPERTY GROUP INC | 1.7 % |
| EXTRA SPACE STORAGE INC | 1.6 % |
| VICI PROPERTIES INC | 1.6 % |
| HEALTHCARE REALTY TRUST INC | 1.6 % |
| EQUITY RESIDENTIAL | 1.6 % |
Constituent Breakdown
| Number of holdings | 73 |
| Herfindahl-Hirschman Index | 122 |
| Wgt avg mkt cap (mns) | $5,823 |
| Large cap (>$10bn) | 20.8% |
| Mid cap ($2-10bn) | 29.2% |
| Small cap (<$2bn) | 50.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.8% | 30.2% | 7.6% | -- | -- | -- | -1.1% | Volatility | 17.3% | 19.3% | 20.3% | 20.9% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 70% |
| MSCI EAFE | 1.15 | 65% |
| MSCI Emg Mkts | 0.89 | 40% |
Liquidity Measures
| Avg. volume (000) | 51 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $2,983 |
Technical Indicators
| Recent close | $10.62 |
| 30d moving avg. | $10.98 |
| Annualized volatility | 25.5% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
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. RIET |
Expenses vs. RIET |
ALTAR Score™ vs. RIET |
|---|---|---|---|---|
| REAI | Intelligent Real Estate ETF | 29.2% | +9 bp | +0.4% |
| RDOG | ALPS REIT Dividend Dogs ETF | 28.9% | -15 bp | +4.5% |
| SRET | Global X SuperDividend REIT ETF | 26.9% | +9 bp | -2.5% |
| MORT | VanEck Mortgage REIT Income ETF | 26.1% | -7 bp | +0.5% |
| SDIV | Global X Superdividend ETF | 25.3% | +8 bp | +2.7% |
| KBWY | Invesco KBW Premium Yield Equity REIT ETF | 25.2% | -15 bp | +4.5% |
| REM | iShares Mortgage Real Estate ETF | 22.1% | -2 bp | +1.7% |
| BLDG | Cambria Global Real Estate ETF | 20.0% | +10 bp | +2.0% |
| CRED | Columbia Research Enhanced Real Estate ETF | 19.1% | -17 bp | -5.2% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 18.3% | -39 bp | -5.9% |
Risk and Returns: RIET 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
Peer Group Comparison Sample data. Subscribe for access.
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
RIET
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RIET
12.2%
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%. RIET's ALTAR Score™ is approximately
2.8 standard deviations
above
the category average. This places RIET in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RIETSELL
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 |
| RIET (50 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RIET | 50.0 | 25.9 | 75.9 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .