AVRE vs HVAC

AVREAAvantis Real Estate ETF

HVACFAdvisorShares HVAC and Industrials ETF

In short

AVRE Landlord exposure at index-fund pricing. AVRE holds roughly 300 REITs and property companies worldwide, measured against the S&P Global REIT Index, for 0.17% a year while the typical fund in its active-equity peer group charges far more.

HVAC Air conditioners, furnaces, heat pumps. HVAC is the rare fund built around the machines that keep buildings livable, plus the industrials around them: actively managed, roughly two dozen US-listed names, launched in 2025.

Stated mandate

AVRE The fund seeks long-term capital appreciation.

HVAC The Fund seeks long-term capital appreciation. It is actively managed and invests in U.S.-traded common stocks and ADRs across HVAC-related businesses and industrial-sector companies.

Why people hold it

• AVRE 0.17% a year, a fraction of the median expense ratio in its active-equity peer group. Fees are the one part of a real estate return you know in advance.avantisinvestors.com
• Global by design: US and developed-market property owners across roughly 300 names, so no single office tower or mall operator sets the tone.avantisinvestors.com
• Rent shows up on a schedule. The fund distributes quarterly, and its stated objective is long-term capital appreciation rather than a yield target.avantisinvestors.com
• On cost and structure it sits among the strongest implementations in its peer group, with a clean record: no structural flags, no scoring caps.

• HVAC A genuinely unusual mandate: US-listed HVAC makers, suppliers and distributors alongside broader industrial companies, in a compact book of roughly 27 stocks and ADRs.
• Actively managed, so the manager can move across equipment, components and distribution names rather than track a fixed thematic index.
• The prospectus objective is plain: long-term capital appreciation from US HVAC-related and industrial businesses. You know exactly what you own.

Worth knowing

• AVRE One sector, one story. Real estate reacts hard to interest rates and credit conditions, so this moves on its own schedule versus a broad stock fund.
• Global reach means foreign-currency property markets ride along, adding exchange-rate movement on top of the underlying real estate returns.avantisinvestors.com
• Launched in 2021, so its live history is short next to REIT funds that have been through multiple property cycles.

• HVAC The fee is the headline trade-off. It sits far above what active US equity ETFs such as DFAU or AVLC charge, and the portfolio has to clear that cost every year.
• A small asset base and light trading mean wider bid-ask spreads than mainstream funds, so the price you pay can drift from the fund's underlying value.
• Around two dozen names in one slice of industrials: individual stocks and the building cycle swing this portfolio hard, and the record only starts in 2025.

Full AVRE profile⁠

Full HVAC profile⁠