DESK
VanEck Office and Commercial REIT ETF
DESK tracks a tiered modified market-cap weighted index composed of US-listed Office and Commercial REITs. The fund targets the top 25 highest ranked Office and Commerical REITs based on market cap and liquidity.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 2.9 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Sep 19, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VORNADO REALTY TRUST | 10.3 % |
| BOSTON PROPERTIES INC | 10.3 % |
| COUSINS PROPERTIES INC | 10.2 % |
| CORPORATE OFFICE PROPERTIES | 8.5 % |
| SL GREEN REALTY CORP | 8.1 % |
| KILROY REALTY CORP | 4.7 % |
| HIGHWOODS PROPERTIES INC | 4.6 % |
| DOUGLAS EMMETT INC | 4.5 % |
| SIMON PROPERTY GROUP INC | 4.0 % |
| PROLOGIS INC | 4.0 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 624 |
| Wgt avg mkt cap (mns) | $15,482 |
| Large cap (>$10bn) | 32.5% |
| Mid cap ($2-10bn) | 47.5% |
| Small cap (<$2bn) | 19.0% |
| Developed mkts. | 100.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 100.3 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -10.0% | -16.2% | -6.4% | -- | -- | -- | -- | 0.0% |
| Dividend Yield | 0.0% | 4.1% | 4.3% | -- | -- | -- | -- | 4.3% |
| Total Returns | -10.0% | -12.1% | -2.2% | -- | -- | -- | -- | 4.3% | Ann. Volatility | 22.4% | 23.7% | 23.4% | -- | -- | -- | -- | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 41% |
| MSCI EAFE | 0.77 | 33% |
| MSCI Emg Mkts | 0.53 | 21% |
Liquidity Measures
| Avg. volume (000) | 237,400 |
| ADV traded (mns) | $8,519 |
| Turnover | 296,750.0% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| 30d moving avg. (EMA) | $34.29 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.72/0.44 |
| Bollinger Bands (Upper/Lower) | $37.12/$30.76 |
| Short interest (% of AUM) | 1.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DESK |
Expenses vs. DESK |
ALTAR Score™ vs. DESK |
|---|---|---|---|---|
| PPTY | US Diversified Real Estate ETF | 27.0% | +3 bp | -8.2% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 21.8% | -39 bp | -8.7% |
| RWR | State Street SPDR Dow Jones REIT ETF | 21.7% | -25 bp | -9.1% |
| USRT | iShares Core U.S. REIT ETF | 20.8% | -42 bp | -8.9% |
| FRI | First Trust S&P REIT Index Fund | 20.0% | 0 bp | -9.4% |
| DFAR | Dimensional US Real Estate ETF | 20.0% | -31 bp | -8.7% |
| SCHH | Schwab U.S. REIT ETF | 19.5% | -43 bp | -8.7% |
| FREL | Fidelity MSCI Real Estate Index ETF | 18.6% | -42 bp | -8.9% |
| IYR | iShares U.S. Real Estate ETF | 18.5% | -10 bp | -9.2% |
| VNQ | Vanguard Real Estate ETF | 18.3% | -37 bp | -9.2% |
Risk and Returns: DESK 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 4/27/2026
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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
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
16.4%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. DESK's ALTAR Score™ is approximately 5.3 standard
deviations above the category average. This places DESK in the 99th percentile
among funds in the category.
Sell-Side Consensus
$43.44
PRICE TARGET
+21.1%
UPSIDE