I have owned this ETFs for a year now and it has performed well, expect in the last months or so. It's been negatively affected by the housing problem, with increasing uncertainty that the bottom has not yet been reached. However, this is a mistake as the ETFs tracks only REITs which tent to be large, diversified and mostly concentrate on commercial properties. Nevertheless, the stock took a hit and has reach the lows (it is very close to its 52 wk low). So from a valuation perspective, this stock seems very attractive and cheap to me...it is trading at 3.3 times next year's earnings (PE=3.3). Thus, I like the potential upside this offers because 1) it is not related to the housing problem and subprime issue. 2) It has reached close to its 52 weeks, so chances are good that it could substantial recoup and touch higher levels. 3) It is CHEAP!