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DESK - ETF AI Analysis
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VanEck Office and Commercial REIT ETF (DESK)
Rating:63Neutral
Price Target:―
Positive Factors
Improving Year-To-Date Performance
The ETF shows a modest gain so far this year, indicating a generally positive trend despite recent short-term weakness.
Several Strong Top Holdings
A number of the largest positions, such as COPT Defense Properties, Realty Income, and others, have delivered strong gains, helping support the fund’s overall results.
Pure Play Real Estate Exposure
With all assets in real estate and focused on office and commercial REITs, the fund offers targeted exposure for investors who specifically want this niche.
Negative Factors
Highly Concentrated Sector Risk
The ETF is 100% invested in real estate, so it is very sensitive to downturns in the property and REIT markets.
Office and Commercial Focus
Its concentration in office and commercial properties exposes investors to ongoing challenges in that segment, such as changing demand for office space.
Mixed Performance Among Top Holdings
Several major positions, including BXP, Vornado Realty, and others, have shown weak or negative performance, which can drag on the fund’s returns.
DESK vs. SPDR S&P 500 ETF (SPY)
AUM2.43M
RegionNorth America
Expense Ratio0.52%
Beta0.84
IssuerVanEck
Inception DateSep 19, 2023
Dividend Yield5.32%
Asset ClassEquity
Index TrackedMarketVector US Listed Office And Commercial REITS Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,111
30 Day Avg. Volume875
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
41.41Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DESK Summary
The VanEck Office and Commercial REIT ETF (DESK) tracks the MarketVector US Listed Office and Commercial REITS Index, focusing on real estate companies that own office buildings, shopping centers, and other commercial properties in the U.S. It holds well-known names like Simon Property and Prologis. Investors might consider DESK if they want regular income from rent-based dividends and diversification into real estate without buying property directly. However, this ETF is heavily tied to the health of the commercial real estate market, so its value can go up or down with changes in office demand, interest rates, and the broader economy.
How much will it cost me?The VanEck Office and Commercial REIT ETF (DESK) has an expense ratio of 0.52%, meaning you’ll pay $5.20 per year for every $1,000 invested. This is slightly higher than average because it is a sector-focused ETF, which typically requires more active management compared to broad market index funds.
What would affect this ETF?The DESK ETF, focused on U.S. office and commercial real estate, could benefit from economic growth and urban development, which drive demand for office spaces and commercial properties. However, challenges like rising interest rates, remote work trends reducing office space demand, or regulatory changes in the real estate sector could negatively impact its performance.
DESK Top 10 Holdings
DESK is firmly anchored in U.S. commercial real estate, with a heavy tilt toward office-focused REITs. Cousins Properties and COPT Defense Properties have been among the brighter spots, quietly rising and helping to steady the ship, while Realty Income and Prologis add a more dependable, steady-growth feel. On the flip side, big office names like BXP, Vornado, and Kilroy have been lagging, acting as a bit of an anchor on returns. Overall, the fund is concentrated in a challenged niche, with a few resilient names trying to pull the portfolio forward.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| BXP | 9.47% | $197.06K | $10.71B | -13.25% | 62 Neutral | |
| Vornado Realty | 9.39% | $195.59K | $6.20B | -29.40% | 57 Neutral | |
| Cousins Properties | 9.02% | $187.72K | $3.77B | -25.01% | 63 Neutral | |
| COPT Defense Properties | 8.59% | $178.78K | $7.13B | 15.62% | 73 Outperform | |
| Kilroy Realty | 7.28% | $151.55K | $3.80B | -9.05% | 71 Outperform | |
| Realty Income | 5.15% | $107.28K | $60.40B | 20.50% | 70 Outperform | |
| Simon Property | 4.75% | $98.97K | $64.26B | 6.36% | 70 Outperform | |
| Prologis | 4.74% | $98.74K | $132.11B | 14.99% | 76 Outperform | |
| SL Green Realty | 4.42% | $92.08K | $3.08B | -37.16% | 49 Neutral | |
| Highwoods Properties | 4.29% | $89.31K | $2.54B | -20.77% | 65 Neutral |
DESK Technical Analysis
Negative
―
Price Trends
36.98
Negative
38.15
Negative
38.48
Negative
Market Momentum
-0.36
Positive
41.37
Neutral
15.13
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DESK, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 36.65, equal to the 50-day MA of 36.98, and equal to the 200-day MA of 38.48, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 41.37 is Neutral, neither overbought nor oversold. The STOCH value of 15.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DESK.
DESK Peer Comparison
Comparison Results
Performance Comparison
DESK
VanEck Office and Commercial REIT ETF
35.58
-3.70
-9.42%
SRHR
SRH REIT Covered Call ETF
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NURE
Nuveen Short-Term REIT ETF
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RDOG
ALPS REIT Dividend Dogs ETF
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HAUS
Home Appreciation U.S. REIT ETF
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TSRS
Truth Social American Red State REITs ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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