DESK
VanEck Office and Commercial REIT ETF
DESK tracks a tiered modified market-cap weighted index composed of US-listed Office and Commercial REITs. The fund targets the top 25 highest ranked Office and Commerical REITs based on market cap and liquidity.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 3.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Sep 19, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VORNADO REALTY TRUST | 11.2 % |
| COUSINS PROPERTIES INC | 10.4 % |
| BOSTON PROPERTIES INC | 10.1 % |
| SL GREEN REALTY CORP | 8.2 % |
| CORPORATE OFFICE PROPERTIES | 8.0 % |
| KILROY REALTY CORP | 4.8 % |
| HIGHWOODS PROPERTIES INC | 4.7 % |
| DOUGLAS EMMETT INC | 4.6 % |
| SIMON PROPERTY GROUP INC | 3.8 % |
| PROLOGIS INC | 3.8 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 632 |
| Wgt avg mkt cap (mns) | $15,482 |
| Large cap (>$10bn) | 32.5% |
| Mid cap ($2-10bn) | 47.5% |
| Small cap (<$2bn) | 19.0% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 100.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.5% | -1.0% | 3.5% | -- | -- | -- | -- | 5.4% |
| Dividend Yield | 2.1% | 5.3% | 5.1% | -- | -- | -- | -- | 5.1% |
| Total Returns | 5.6% | 4.4% | 8.5% | -- | -- | -- | -- | 10.4% | Ann. Volatility | 21.7% | 19.9% | 22.8% | -- | -- | -- | -- | 25.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 20% |
| MSCI EAFE | 0.62 | 22% |
| MSCI Emg Mkts | 0.34 | 11% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| 30d moving avg. (EMA) | $36.64 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.67/0.64 |
| Bollinger Bands (Upper/Lower) | $38.42/$35.90 |
| Short interest (% of AUM) | 1.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DESK |
Expenses vs. DESK |
ALTAR Score™ vs. DESK |
|---|---|---|---|---|
| PPTY | US Diversified Real Estate ETF | 27.1% | +3 bp | -7.4% |
| RWR | State Street SPDR Dow Jones REIT ETF | 21.0% | -25 bp | -8.3% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 20.6% | -39 bp | -7.9% |
| USRT | iShares Core U.S. REIT ETF | 20.1% | -42 bp | -8.1% |
| FRI | First Trust S&P REIT Index Fund | 19.4% | 0 bp | -8.6% |
| DFAR | Dimensional US Real Estate ETF | 19.3% | -31 bp | -7.9% |
| SCHH | Schwab U.S. REIT ETF | 18.9% | -43 bp | -7.9% |
| FREL | Fidelity MSCI Real Estate Index ETF | 18.2% | -42 bp | -8.1% |
| IYR | iShares U.S. Real Estate ETF | 17.9% | -10 bp | -8.3% |
| VNQ | Vanguard Real Estate ETF | 17.8% | -37 bp | -8.3% |
Risk and Returns: DESK 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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 Rating
15.7%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. DESK's ALTAR Score™ is approximately 4.9 standard
deviations above the category average. This places DESK in the 99th percentile
among funds in the category.
Sell-Side Consensus
$44.17
PRICE TARGET
+15.5%
UPSIDE