DESK - ETF AI Analysis
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VanEck Office and Commercial REIT ETF (DESK)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and over the last few months, indicating positive momentum in its underlying office and commercial REIT holdings.
Leading Holdings Showing Solid Gains
Most of the top 10 holdings, such as Cousins Properties and Simon Property, have delivered strong year-to-date performance, helping support the fund’s overall returns.
Focused Exposure to U.S. Real Estate
The fund is fully invested in U.S. real estate companies, giving investors targeted exposure to a specific property segment rather than a broad, mixed portfolio.
Negative Factors
High Sector Concentration
With all assets in the real estate sector, the ETF is highly sensitive to downturns in commercial property markets and interest rate changes.
Limited Geographic Diversification
The ETF invests only in U.S. companies, so investors are fully exposed to U.S. economic and policy risks without the balance of international holdings.
Moderate Expense Ratio
The fund’s expense ratio is not especially low, meaning fees may take a noticeable bite out of returns compared with cheaper real estate ETFs.
DESK vs. SPDR S&P 500 ETF (SPY)
AUM12.84M
RegionNorth America
Expense Ratio0.51%
Beta0.84
IssuerVanEck
Inception DateSep 19, 2023
Dividend Yield4.67%
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. Volume31,961
30 Day Avg. Volume13,391
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
43.44Price 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) follows the MarketVector US Listed Office and Commercial REITS Index, focusing on companies that own office buildings and commercial properties across the United States. It holds well-known real estate names like Simon Property and Realty Income, giving investors a simple way to invest in business offices and shopping centers through one fund. Someone might consider DESK for diversification and potential income from rent-based dividends. A key risk is that it is heavily tied to commercial real estate, which can be hurt by weak office demand or downturns in the property market.
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 a tight cluster of heavyweight REITs steering returns. Cousins Properties and Boston Properties are doing much of the heavy lifting, with rising share prices reflecting solid leasing and asset sales. Vornado and SL Green have also been climbing, but their high debt loads and choppy cash flows mean they can quickly turn from tailwind to turbulence. Kilroy and Highwoods add a steadier, income-focused flavor, helping balance the fund’s bet on a still-evolving post-pandemic office landscape.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| BXP | 10.48% | $1.53M | $12.55B | 8.51% | 62 Neutral | |
| Cousins Properties | 10.44% | $1.52M | $5.25B | 18.92% | 63 Neutral | |
| Vornado Realty | 10.05% | $1.46M | $8.23B | 4.65% | 57 Neutral | |
| Kilroy Realty | 7.88% | $1.15M | $4.64B | 6.21% | 71 Outperform | |
| SL Green Realty | 7.84% | $1.14M | $4.10B | -5.08% | 49 Neutral | |
| COPT Defense Properties | 4.84% | $703.88K | $8.67B | 39.15% | 73 Outperform | |
| Highwoods Properties | 4.82% | $702.03K | $3.73B | 15.76% | 65 Neutral | |
| Douglas Emmett | 4.18% | $608.16K | $2.02B | -20.72% | 52 Neutral | |
| Simon Property | 4.15% | $603.29K | $74.73B | 42.75% | 70 Outperform | |
| Realty Income | 3.97% | $578.26K | $60.08B | 12.90% | 70 Outperform |
DESK Technical Analysis
Neutral
―
Price Trends
40.63
Positive
37.46
Positive
36.86
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DESK, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 42.40, equal to the 50-day MA of 40.63, and equal to the 200-day MA of 36.86, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DESK.
DESK Peer Comparison
Comparison Results
Performance Comparison
DESK
VanEck Office and Commercial REIT ETF
42.26
5.36
14.53%
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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DVDN
Kingsbarn Dividend Opportunity 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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