DESK - ETF AI Analysis
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VanEck Office and Commercial REIT ETF (DESK)
Rating:62Neutral
Price Target:―
Positive Factors
Targeted Real Estate Exposure
The ETF offers focused access to office and commercial real estate companies in a single investment, which can be useful for investors seeking this specific property segment.
Recent Short-Term Rebound
The fund has shown a strong gain over the past month, suggesting some recent positive momentum despite weaker longer-term results.
Select Holdings Showing Strength
A few key holdings, such as COPT Defense Properties, Simon Property, and Prologis, have delivered strong year-to-date performance, helping offset some of the weaker names in the portfolio.
Negative Factors
High Sector Concentration
The ETF is invested entirely in real estate, so it is heavily exposed to downturns in the office and commercial property market.
Weak Overall Year-to-Date Performance
The fund’s year-to-date return has been negative, reflecting broader challenges in its underlying holdings and sector.
Top Holdings Under Pressure
Several of the largest positions, including BXP, Vornado Realty, and Kilroy Realty, have shown weak year-to-date performance, which can drag on the ETF’s overall results.
DESK vs. SPDR S&P 500 ETF (SPY)
AUM3.40M
RegionNorth America
Expense Ratio0.51%
Beta0.85
IssuerVanEck
Inception DateSep 19, 2023
Dividend Yield4.68%
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. Volume1,433
30 Day Avg. Volume1,545
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
43.18Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering25
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 companies that own office buildings, shopping centers, and other commercial properties in the U.S. It holds well-known real estate names like Simon Property and Prologis. Investors might consider DESK if they want real estate exposure, potential dividend income from rent, and diversification away from regular stocks and bonds. However, this ETF is concentrated in office and commercial real estate, so its value can rise or fall with property markets, interest rates, and demand for office space.
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 essentially a pure play on U.S. office and commercial real estate, with performance driven by a tight cluster of heavyweight REITs. Vornado, Cousins, and SL Green have been rising, giving the fund a lift as investors warm back up to high-quality office names. Kilroy and BXP are more mixed, with profitability and leverage concerns keeping their momentum in check. Prologis, a key logistics player, has turned a bit steady-to-soft lately, slightly tempering gains. Overall, the ETF is highly concentrated in U.S. real estate, especially office-heavy landlords.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Vornado Realty | 10.17% | $347.49K | $8.32B | 8.82% | 57 Neutral | |
| Cousins Properties | 10.17% | $347.44K | $5.11B | 6.00% | 63 Neutral | |
| BXP | 10.16% | $347.02K | $12.14B | 0.42% | 62 Neutral | |
| Kilroy Realty | 7.84% | $267.97K | $4.62B | 10.73% | 71 Outperform | |
| SL Green Realty | 7.82% | $267.21K | $4.11B | -15.34% | 49 Neutral | |
| COPT Defense Properties | 4.76% | $162.51K | $8.52B | 30.43% | 73 Outperform | |
| Highwoods Properties | 4.55% | $155.60K | $3.51B | 3.62% | 65 Neutral | |
| Douglas Emmett | 4.35% | $148.57K | $2.10B | -22.06% | 52 Neutral | |
| Simon Property | 4.08% | $139.25K | $73.31B | 37.66% | 70 Outperform | |
| Realty Income | 3.94% | $134.77K | $59.53B | 9.91% | 70 Outperform |
DESK Technical Analysis
Positive
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Price Trends
38.46
Positive
36.00
Positive
36.64
Positive
Market Momentum
1.12
Negative
66.69
Neutral
87.20
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DESK, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 40.81, equal to the 50-day MA of 38.46, and equal to the 200-day MA of 36.64, indicating a bullish trend. The MACD of 1.12 indicates Negative momentum. The RSI at 66.69 is Neutral, neither overbought nor oversold. The STOCH value of 87.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DESK.
DESK Peer Comparison
Comparison Results
Performance Comparison
DESK
VanEck Office and Commercial REIT ETF
42.11
4.23
11.17%
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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CRED
Columbia Research Enhanced Real Estate 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.
DisclaimerThis 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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