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.
Fund Basics
Fund sponsor | Pettee Investors |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 21, 2021 |
Assets (mns) | $60 |
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 +
HEALTHPEAK PROPERTIES, INC. | 2.9 % |
SL GREEN REALTY CORP | 1.8 % |
SIMON PROPERTY GROUP INC | 1.7 % |
BOSTON PROPERTIES INC | 1.6 % |
ALEXANDRIA REAL ESTATE EQUIT | 1.6 % |
EQUITY RESIDENTIAL | 1.6 % |
KILROY REALTY CORP | 1.6 % |
NEW RESIDENTIAL INVESTMENT | 1.6 % |
HIGHWOODS PROPERTIES INC | 1.6 % |
NATIONAL STORAGE AFFILIATES TRUST | 1.6 % |
Constituent Breakdown
Number of holdings | 70 |
Herfindahl-Hirschman Index | 126 |
Wgt avg mkt cap (mns) | $5,052 |
Large cap (>$10bn) | 13.9% |
Mid cap ($2-10bn) | 35.1% |
Small cap (<$2bn) | 51.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 88.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-3.4% | 13.6% | -7.7% | -- | -- | -- | -5.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.23 | 73% |
MSCI EAFE | 1.20 | 68% |
MSCI Emg Mkts | 0.89 | 40% |
Liquidity Measures
Avg. volume (000) | 52 |
Turnover | 0.9% |
Avg. Bid/Ask (% of price) | 0.26% |
ADV of underlying (mns) | $2,265 |
Technical Indicators
Recent close | $10.17 |
30d moving avg. | $10.01 |
Annualized volatility | 27.9% |
Relative strength (RSI) | 69 |
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 |
---|---|---|---|---|
RDOG | ALPS REIT Dividend Dogs ETF | 29.5% | -15 bp | +2.7% |
KBWY | Invesco KBW Premium Yield Equity REIT ETF | 27.1% | -15 bp | +5.5% |
MORT | VanEck Mortgage REIT Income ETF | 26.0% | -7 bp | -0.9% |
SDIV | Global X Superdividend ETF | 23.9% | +8 bp | +3.1% |
SRET | Global X SuperDividend REIT ETF | 23.5% | +9 bp | -4.1% |
REM | iShares Mortgage Real Estate ETF | 23.2% | -2 bp | -0.1% |
REAI | Intelligent Real Estate ETF | 20.7% | +9 bp | -6.8% |
PPTY | US Diversified Real Estate ETF | 19.5% | +3 bp | -7.5% |
SCHH | Schwab U.S. REIT ETF | 16.7% | -43 bp | -6.5% |
DFAR | Dimensional US Real Estate ETF | 16.4% | -31 bp | -6.8% |
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 5/6/2024
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
RIET
14.1%
Cat. Avg
5.7%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 14.1% |
Recommendation
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.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.7%. RIET's ALTAR Score™ is approximately
3.1 standard deviations
above
the category average. This places RIET in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RIET
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .