DESK - ETF AI Analysis
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VanEck Office and Commercial REIT ETF (DESK)
DESK, the VanEck Office and Commercial REIT ETF, earns a solid overall rating largely because several major holdings like Kilroy Realty (KRC) and COPT Defense Properties (CDP) combine strong financial performance, attractive dividends, and positive earnings outlooks with strategic exposure to tech and defense-related office properties. However, weaker names such as SL Green Realty (SLG) and Vornado Realty (VNO), which face high leverage, declining or negative cash flow trends, and bearish technical signals, weigh on the fund’s appeal. The main risk factor is the ETF’s concentrated exposure to office and commercial real estate, where leverage and bearish momentum are common themes across multiple holdings.
DESK vs. SPDR S&P 500 ETF (SPY)
- AUM
- 5.83M
- Region
- North America
- Expense Ratio
- 0.51%
- Beta
- 0.78
- Issuer
- VanEck
- Inception Date
- Sep 19, 2023
- Dividend Yield
- 4.94%
- Asset Class
- Equity
- Index Tracked
- MarketVector US Listed Office And Commercial REITS Index - Benchmark TR Gross
DESK Summary
DESK is the VanEck Office and Commercial REIT ETF, which follows the MarketVector US Listed Office And Commercial REITS Index. It invests in real estate companies that own office buildings and commercial properties across the United States. Well-known names in the fund include Vornado Realty and Empire State Realty. Investors might consider DESK if they want diversification into real estate and the potential for regular income from rent-based dividends. However, this ETF is heavily tied to the office and commercial property market, so its value can go up or down with changes in demand for office space and overall economic conditions.
How much will it cost me?
This ETF has an expense ratio of 0.51%, which means you’ll pay about $5.10 per year for every $1,000 you invest. That’s higher than the average low-cost index ETF because it’s a more specialized, sector-focused fund that requires more active management of office and commercial REIT holdings.
What would affect this ETF?
DESK focuses on U.S. office and commercial real estate, so it could benefit if interest rates fall, business demand for office and retail space stabilizes or grows, and urban redevelopment boosts the value and rental income of holdings like Cousins Properties, Kilroy Realty, and Simon Property. On the downside, higher interest rates, weak economic growth, persistent remote work trends, or unfavorable real estate regulations could pressure occupancy, rents, and property values across its office-heavy REIT portfolio.
DESK Top 10 Holdings
DESK is essentially a pure play on U.S. office and commercial real estate, with performance driven by a handful of heavyweight REITs. COPT Defense Properties and Cousins Properties have been rising, giving the fund some much-needed lift, while Highwoods and SL Green are steady but not exactly sprinting ahead. On the flip side, Empire State Realty has been losing steam, weighing on results despite a recent short-term bounce. With all roads leading back to U.S. office towers and government-linked properties, DESK is highly concentrated in one real estate niche and geography.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 CUZ | Cousins Properties | 10.68% | $618.04K | $4.86B | 14.92% | 63Neutral |
 KRC | Kilroy Realty | 10.31% | $596.60K | $4.24B | -13.59% | 71Outperform |
 VNO | Vornado Realty | 10.05% | $581.37K | $7.03B | -7.83% | 57Neutral |
 BXP | BXP | 9.85% | $569.97K | $11.15B | -10.84% | 62Neutral |
 CDP | COPT Defense Properties | 9.04% | $522.93K | $7.54B | 17.86% | 73Outperform |
 ESRT | Empire State Realty | 4.65% | $268.90K | $860.47M | -32.48% | 65Neutral |
 HIW | Highwoods Properties | 4.64% | $268.69K | $3.42B | 9.36% | 65Neutral |
 PDM | Piedmont Office | 4.55% | $263.40K | $1.19B | 21.22% | 55Neutral |
 SLG | SL Green Realty | 4.36% | $252.25K | $3.85B | -1.73% | 49Neutral |
 DEI | Douglas Emmett | 4.26% | $246.77K | $1.70B | -21.72% | 52Neutral |
DESK Technical Analysis
Price Trends
Market Momentum
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 38.88 is above the 20-day moving average (MA) of 37.66, above the 50-day MA of 38.30, and above the 200-day MA of 37.21, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 57.35 is Neutral, neither overbought nor oversold. The STOCH value of 88.43 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
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| DESK | $38.88 | $41.00(5.44% Upside) | $5.83M | 0.51% | 64Neutral |
 SRHR | $55.84 | $61.89(10.84% Upside) | $49.99M | 0.75% | 65Neutral |
 NURE | $32.20 | $33.73(4.73% Upside) | $31.72M | 0.36% | 66Neutral |
 RDOG | $38.79 | $43.94(13.29% Upside) | $10.65M | 0.35% | 63Neutral |
 HAUS | $17.56 | $19.57(11.45% Upside) | $7.45M | 0.60% | 63Neutral |
 DVDN | $12.90 | $15.48(19.98% Upside) | $2.73M | 0.90% | 59Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DESK | VanEck Office and Commercial REIT ETF | 38.88 | 2.07 | 5.62% | |
| SRHR | SRH REIT Covered Call ETF | 55.84 | 6.06 | 12.18% | |
| NURE | Nuveen Short-Term REIT ETF | 32.20 | 5.96 | 22.71% | |
| RDOG | ALPS REIT Dividend Dogs ETF | 38.79 | 5.68 | 17.17% | |
| HAUS | Home Appreciation U.S. REIT ETF | 17.56 | 1.02 | 6.20% | |
| DVDN | Kingsbarn Dividend Opportunity ETF | 12.90 | -4.39 | -25.39% |
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.