ACWI vs. PHEQ ETF Comparison

Comparison of iShares MSCI ACWI Index Fund (ACWI) to Parametric Hedged Equity ETF (PHEQ)

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.44

Average Daily Volume

1,917,440

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.57

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	ACWI	PHEQ
30 Days	1.42%	1.99%
60 Days	1.89%	3.02%
90 Days	3.03%	3.86%
12 Months	25.57%	16.61%

195 Overlapping Holdings

Symbol	Grade	Weight in ACWI	Weight in PHEQ	Overlap
AAPL	C	4.24%	6.85%	4.24%
ABBV	D	0.38%	0.85%	0.38%
ABNB	C	0.07%	0.15%	0.07%
ABT	B	0.26%	0.6%	0.26%
ADBE	C	0.28%	0.48%	0.28%
AEE	A	0.03%	0.3%	0.03%
AKAM	D	0.02%	0.16%	0.02%
ALGN	D	0.02%	0.06%	0.02%
ALNY	D	0.04%	0.13%	0.04%
AMCR	D	0.02%	0.21%	0.02%
AMD	F	0.29%	0.51%	0.29%
AME	A	0.06%	0.28%	0.06%
AMGN	D	0.19%	0.45%	0.19%
AMZN	C	2.45%	4.1%	2.45%
APO	B	0.09%	0.3%	0.09%
APTV	D	0.02%	0.14%	0.02%
ARE	D	0.02%	0.21%	0.02%
ARES	A	0.04%	0.25%	0.04%
AVB	B	0.04%	0.35%	0.04%
AVGO	D	0.93%	1.71%	0.93%
AVTR	F	0.02%	0.06%	0.02%
AXP	A	0.21%	0.57%	0.21%
BA	F	0.14%	0.32%	0.14%
BAC	A	0.42%	0.98%	0.42%
BAH	F	0.02%	0.12%	0.02%
BKNG	A	0.22%	0.39%	0.22%
BLDR	D	0.03%	0.08%	0.03%
BMY	B	0.15%	0.48%	0.15%
BRK.A	B	0.79%	1.42%	0.79%
BRO	B	0.03%	0.31%	0.03%
BSY	D	0.01%	0.04%	0.01%
CAG	D	0.02%	0.17%	0.02%
CAT	B	0.24%	0.55%	0.24%
CE	F	0.01%	0.05%	0.01%
CFG	B	0.03%	0.26%	0.03%
CMS	C	0.02%	0.31%	0.02%
CNP	B	0.03%	0.28%	0.03%
COIN	C	0.08%	0.12%	0.08%
COR	B	0.05%	0.3%	0.05%
COST	B	0.53%	1.07%	0.53%
CPB	D	0.01%	0.18%	0.01%
CRM	B	0.4%	0.63%	0.4%
CRWD	B	0.1%	0.17%	0.1%
CSCO	B	0.29%	0.79%	0.29%
CSL	C	0.03%	0.18%	0.03%
CTAS	B	0.1%	0.42%	0.1%
CVX	A	0.36%	0.84%	0.36%
DAL	C	0.01%	0.39%	0.01%
DASH	A	0.07%	0.13%	0.07%
DDOG	A	0.05%	0.13%	0.05%
DE	A	0.13%	0.44%	0.13%
DELL	C	0.05%	0.14%	0.05%
DIS	B	0.26%	0.57%	0.26%
DKNG	B	0.02%	0.07%	0.02%
DOC	D	0.02%	0.29%	0.02%
DOV	A	0.04%	0.33%	0.04%
DRI	B	0.03%	0.3%	0.03%
DTE	C	0.03%	0.31%	0.03%
DVN	F	0.03%	0.17%	0.03%
ENPH	F	0.01%	0.03%	0.01%
EQR	B	0.03%	0.32%	0.03%
ESS	B	0.02%	0.19%	0.02%
ETR	B	0.04%	0.4%	0.04%
EXPD	D	0.02%	0.23%	0.02%
EXR	D	0.05%	0.32%	0.05%
FANG	D	0.04%	0.24%	0.04%
FCNCA	A	0.03%	0.13%	0.03%
FE	C	0.03%	0.24%	0.03%
GLW	B	0.05%	0.25%	0.05%
GOOG	C	1.16%	1.9%	1.16%
GOOGL	C	1.34%	2.28%	1.34%
HAL	C	0.03%	0.16%	0.03%
HBAN	A	0.03%	0.31%	0.03%
HD	A	0.52%	1.15%	0.52%
HEI	B	0.02%	0.14%	0.02%
HEI	B	0.02%	0.14%	0.02%
HEI	B	0.02%	0.22%	0.02%
HEI	B	0.02%	0.22%	0.02%
HIG	B	0.05%	0.33%	0.05%
HUBB	B	0.03%	0.13%	0.03%
HUBS	A	0.04%	0.14%	0.04%
HWM	A	0.06%	0.36%	0.06%
IBM	C	0.24%	0.56%	0.24%
IFF	D	0.03%	0.16%	0.03%
ILMN	D	0.03%	0.05%	0.03%
ISRG	A	0.24%	0.58%	0.24%
JBHT	C	0.02%	0.24%	0.02%
JNJ	D	0.47%	1.04%	0.47%
JPM	A	0.89%	1.73%	0.89%
K	A	0.03%	0.34%	0.03%
KKR	A	0.12%	0.46%	0.12%
KLAC	D	0.11%	0.34%	0.11%
KMB	D	0.06%	0.33%	0.06%
KO	D	0.33%	0.77%	0.33%
L	A	0.02%	0.24%	0.02%
LH	C	0.03%	0.31%	0.03%
LII	A	0.03%	0.25%	0.03%
LIN	D	0.27%	0.67%	0.27%
LLY	F	0.75%	1.39%	0.75%
LMT	D	0.15%	0.58%	0.15%
LNG	B	0.07%	0.22%	0.07%
LNT	A	0.02%	0.33%	0.02%
LOW	D	0.19%	0.57%	0.19%
LPLA	A	0.03%	0.05%	0.03%
LRCX	F	0.12%	0.29%	0.12%
LULU	C	0.04%	0.21%	0.04%
LYB	F	0.03%	0.22%	0.03%
MA	C	0.55%	1.14%	0.55%
MAA	B	0.02%	0.27%	0.02%
MDT	D	0.14%	0.51%	0.14%
MELI	D	0.11%	0.25%	0.11%
META	D	1.57%	2.66%	1.57%
MGM	D	0.01%	0.13%	0.01%
MKL	A	0.03%	0.23%	0.03%
MMM	D	0.09%	0.44%	0.09%
MOH	F	0.02%	0.14%	0.02%
MRK	F	0.31%	0.69%	0.31%
MRNA	F	0.02%	0.01%	0.01%
MRO	B	0.02%	0.24%	0.02%
MRVL	B	0.1%	0.25%	0.1%
MS	A	0.21%	0.39%	0.21%
MSFT	F	3.76%	6.55%	3.76%
MSTR	C	0.09%	0.2%	0.09%
MU	D	0.14%	0.31%	0.14%
NDAQ	A	0.04%	0.24%	0.04%
NDSN	B	0.02%	0.14%	0.02%
NEM	D	0.06%	0.23%	0.06%
NET	B	0.04%	0.07%	0.04%
NFLX	A	0.48%	0.8%	0.48%
NOW	A	0.27%	0.61%	0.27%
NVDA	C	4.62%	7.12%	4.62%
OKTA	C	0.02%	0.04%	0.02%
ON	D	0.04%	0.14%	0.04%
ORCL	B	0.4%	0.73%	0.4%
OTIS	C	0.05%	0.33%	0.05%
PANW	C	0.16%	0.3%	0.16%
PEP	F	0.27%	0.72%	0.27%
PFG	D	0.03%	0.2%	0.03%
PG	A	0.51%	1.09%	0.51%
PHM	D	0.04%	0.3%	0.04%
PINS	D	0.02%	0.03%	0.02%
PLTR	B	0.16%	0.36%	0.16%
PPG	F	0.04%	0.18%	0.04%
PPL	B	0.03%	0.34%	0.03%
PRU	A	0.06%	0.37%	0.06%
PYPL	B	0.11%	0.28%	0.11%
QCOM	F	0.23%	0.33%	0.23%
RBLX	C	0.03%	0.12%	0.03%
REGN	F	0.1%	0.21%	0.1%
RMD	C	0.04%	0.24%	0.04%
ROST	C	0.06%	0.32%	0.06%
RPRX	D	0.01%	0.04%	0.01%
RSG	A	0.06%	0.34%	0.06%
SCHW	B	0.15%	0.35%	0.15%
SNAP	C	0.01%	0.05%	0.01%
SNOW	C	0.05%	0.06%	0.05%
SQ	B	0.06%	0.12%	0.06%
SSNC	B	0.02%	0.21%	0.02%
STLD	B	0.03%	0.11%	0.03%
SUI	D	0.02%	0.1%	0.02%
SYF	B	0.03%	0.27%	0.03%
T	A	0.21%	0.68%	0.21%
TEAM	A	0.05%	0.06%	0.05%
TMO	F	0.25%	0.59%	0.25%
TMUS	B	0.16%	0.51%	0.16%
TRGP	B	0.05%	0.46%	0.05%
TRU	D	0.02%	0.09%	0.02%
TRV	B	0.07%	0.39%	0.07%
TSLA	B	1.27%	1.91%	1.27%
TTD	B	0.07%	0.18%	0.07%
TW	A	0.02%	0.11%	0.02%
TXN	C	0.23%	0.59%	0.23%
UBER	D	0.17%	0.29%	0.17%
ULTA	F	0.02%	0.23%	0.02%
UNH	C	0.68%	1.37%	0.68%
UNP	C	0.18%	0.52%	0.18%
URI	B	0.07%	0.24%	0.07%
V	A	0.63%	1.28%	0.63%
VEEV	C	0.04%	0.1%	0.04%
VRT	B	0.06%	0.1%	0.06%
VRTX	F	0.15%	0.36%	0.15%
WBD	C	0.03%	0.18%	0.03%
WDAY	B	0.07%	0.13%	0.07%
WFC	A	0.33%	0.67%	0.33%
WLK	D	0.01%	0.04%	0.01%
WM	A	0.11%	0.44%	0.11%
WMT	A	0.49%	0.96%	0.49%
WRB	A	0.02%	0.21%	0.02%
WSM	B	0.02%	0.02%	0.02%
XOM	B	0.68%	1.4%	0.68%
YUM	B	0.05%	0.33%	0.05%
YUMC	C	0.02%	0.07%	0.02%
ZBH	C	0.03%	0.14%	0.03%
ZM	B	0.02%	0.18%	0.02%
ZS	C	0.02%	0.08%	0.02%

ACWI Overweight 423 Positions Relative to PHEQ

Symbol	Grade	Weight
ACN	C	0.28%
MCD	D	0.27%
GE	D	0.25%
PM	B	0.25%
GS	A	0.24%
INTU	C	0.23%
TM	D	0.23%
VZ	C	0.22%
SPGI	C	0.21%
BABA	D	0.21%
CMCSA	B	0.21%
DHR	F	0.2%
NEE	D	0.2%
RTX	C	0.2%
ETN	A	0.19%
PGR	A	0.19%
HON	B	0.19%
BLK	C	0.19%
AMAT	F	0.18%
PFE	D	0.18%
C	A	0.17%
MUFG	B	0.17%
BX	A	0.17%
COP	C	0.17%
TJX	A	0.17%
SYK	C	0.17%
BSX	B	0.17%
FI	A	0.16%
SONY	B	0.15%
ADP	B	0.15%
PLD	D	0.14%
ADI	D	0.14%
MMC	B	0.14%
CB	C	0.14%
GILD	C	0.14%
SBUX	A	0.14%
ANET	C	0.13%
INTC	D	0.13%
ELV	F	0.12%
CI	F	0.12%
GEV	B	0.12%
TT	A	0.12%
AMT	D	0.12%
SO	D	0.12%
UPS	C	0.12%
MO	A	0.12%
WELL	A	0.11%
CDNS	B	0.11%
APH	A	0.11%
MDLZ	F	0.11%
DUK	C	0.11%
EQIX	A	0.11%
HDB	C	0.11%
NKE	D	0.11%
PH	A	0.11%
SMFG	B	0.11%
ICE	C	0.11%
SHW	A	0.11%
AON	A	0.1%
MCO	B	0.1%
EOG	A	0.1%
USB	A	0.1%
ITW	B	0.1%
ZTS	D	0.1%
IBN	C	0.1%
CMG	B	0.1%
PNC	B	0.1%
CME	A	0.1%
MSI	B	0.1%
MCK	B	0.1%
SNPS	B	0.1%
HCA	F	0.09%
CSX	B	0.09%
COF	B	0.09%
FDX	B	0.09%
NOC	D	0.09%
MAR	B	0.09%
CVS	D	0.09%
CRH	A	0.09%
TDG	D	0.09%
TGT	F	0.09%
ORLY	B	0.09%
WMB	A	0.09%
APD	A	0.09%
CL	D	0.09%
EMR	A	0.09%
CEG	D	0.09%
SPG	B	0.08%
CARR	D	0.08%
SLB	C	0.08%
ROP	B	0.08%
AFL	B	0.08%
DLR	B	0.08%
SRE	A	0.08%
FCX	D	0.08%
TFC	A	0.08%
ECL	D	0.08%
GM	B	0.08%
GD	F	0.08%
AJG	B	0.08%
HLT	A	0.08%
OKE	A	0.08%
ADSK	A	0.08%
APP	B	0.08%
BDX	F	0.08%
ALL	A	0.07%
AIG	B	0.07%
MET	A	0.07%
PSA	D	0.07%
GWW	B	0.07%
AZO	C	0.07%
VST	B	0.07%
PSX	C	0.07%
NXPI	D	0.07%
FICO	B	0.07%
JCI	C	0.07%
AMP	A	0.07%
MPC	D	0.07%
PCAR	B	0.07%
BK	A	0.07%
MFG	B	0.07%
NSC	B	0.07%
RCL	A	0.07%
KMI	A	0.07%
FTNT	C	0.07%
DFS	B	0.06%
PEG	A	0.06%
AXON	A	0.06%
KVUE	A	0.06%
PAYX	C	0.06%
TEL	B	0.06%
CCI	D	0.06%
LHX	C	0.06%
VLO	C	0.06%
FLUT	A	0.06%
FAST	B	0.06%
MSCI	C	0.06%
PWR	A	0.06%
D	C	0.06%
DHI	D	0.06%
CPRT	A	0.06%
WCN	A	0.06%
FIS	C	0.06%
CMI	A	0.06%
O	D	0.06%
AEP	D	0.06%
HPQ	B	0.05%
VMC	B	0.05%
MLM	B	0.05%
CHTR	C	0.05%
MTB	A	0.05%
SYY	B	0.05%
KDP	D	0.05%
ACGL	D	0.05%
A	D	0.05%
XEL	A	0.05%
EXC	C	0.05%
STZ	D	0.05%
MNST	C	0.05%
IT	C	0.05%
CTSH	B	0.05%
KR	B	0.05%
CTVA	C	0.05%
HES	B	0.05%
VRSK	A	0.05%
CBRE	B	0.05%
HMC	F	0.05%
FERG	B	0.05%
ODFL	B	0.05%
EA	A	0.05%
LEN	D	0.05%
EW	C	0.05%
PCG	A	0.05%
F	C	0.05%
IR	B	0.05%
BKR	B	0.05%
BR	A	0.04%
TPL	A	0.04%
MPWR	F	0.04%
SW	A	0.04%
CSGP	D	0.04%
CAH	B	0.04%
NVR	D	0.04%
STT	A	0.04%
GPN	B	0.04%
XYL	D	0.04%
TSCO	D	0.04%
TTWO	A	0.04%
DXCM	D	0.04%
WEC	A	0.04%
ANSS	B	0.04%
EFX	F	0.04%
CNC	D	0.04%
FITB	A	0.04%
DOW	F	0.04%
ROK	B	0.04%
EBAY	D	0.04%
ED	D	0.04%
WTW	B	0.04%
VICI	C	0.04%
EIX	B	0.04%
OXY	D	0.04%
GRMN	B	0.04%
HUM	C	0.04%
RJF	A	0.04%
TCOM	B	0.04%
DD	D	0.04%
IDXX	F	0.04%
IRM	D	0.04%
NUE	C	0.04%
WAB	B	0.04%
MCHP	D	0.04%
GIS	D	0.04%
IQV	D	0.04%
GEHC	F	0.04%
STX	D	0.03%
FDS	B	0.03%
OMC	C	0.03%
CLX	B	0.03%
COO	D	0.03%
SNA	A	0.03%
WAT	B	0.03%
CBOE	B	0.03%
LDOS	C	0.03%
WDC	D	0.03%
PKG	A	0.03%
MDB	C	0.03%
STE	F	0.03%
NRG	B	0.03%
NTRS	A	0.03%
TDY	B	0.03%
WY	D	0.03%
ES	D	0.03%
LYV	A	0.03%
ATO	A	0.03%
WST	C	0.03%
INVH	D	0.03%
BIIB	F	0.03%
PTC	A	0.03%
EXPE	B	0.03%
EME	C	0.03%
CINF	A	0.03%
BIDU	F	0.03%
CDW	F	0.03%
RF	A	0.03%
SBAC	D	0.03%
MTD	D	0.03%
HSY	F	0.03%
NTAP	C	0.03%
TYL	B	0.03%
FTV	C	0.03%
CPAY	A	0.03%
VLTO	D	0.03%
CCL	B	0.03%
VTR	C	0.03%
TROW	B	0.03%
EQT	B	0.03%
KEYS	A	0.03%
ADM	D	0.03%
GDDY	A	0.03%
DECK	A	0.03%
AWK	D	0.03%
CHD	B	0.03%
KHC	F	0.03%
HPE	B	0.03%
DKS	C	0.02%
KMX	B	0.02%
ALB	C	0.02%
HST	C	0.02%
UHS	D	0.02%
AIZ	A	0.02%
ELS	C	0.02%
CPT	B	0.02%
AMH	D	0.02%
REG	B	0.02%
Z	A	0.02%
BG	F	0.02%
ALLE	D	0.02%
JKHY	D	0.02%
CHRW	C	0.02%
UDR	B	0.02%
SWK	D	0.02%
WPC	D	0.02%
EPAM	C	0.02%
SWKS	F	0.02%
DT	C	0.02%
DLTR	F	0.02%
CHT	D	0.02%
POOL	C	0.02%
RVTY	F	0.02%
LI	F	0.02%
ROL	B	0.02%
FFIV	B	0.02%
EL	F	0.02%
TOST	B	0.02%
SMCI	F	0.02%
ACM	A	0.02%
VTRS	A	0.02%
GGG	B	0.02%
EVRG	A	0.02%
ENTG	D	0.02%
UTHR	C	0.02%
TER	D	0.02%
JBL	B	0.02%
DPZ	C	0.02%
NI	A	0.02%
TXT	D	0.02%
GLPI	C	0.02%
VRSN	F	0.02%
BAX	D	0.02%
EG	C	0.02%
TWLO	A	0.02%
FWONK	B	0.02%
UMC	F	0.02%
J	F	0.02%
CF	B	0.02%
DOCU	A	0.02%
PSTG	D	0.02%
FNF	B	0.02%
KIM	A	0.02%
DG	F	0.02%
MANH	D	0.02%
GEN	B	0.02%
AVY	D	0.02%
KEY	B	0.02%
MAS	D	0.02%
LVS	C	0.02%
GPC	D	0.02%
TSN	B	0.02%
RPM	A	0.02%
OC	A	0.02%
BURL	A	0.02%
EQH	B	0.02%
RS	B	0.02%
TRMB	B	0.02%
IP	B	0.02%
IEX	B	0.02%
DGX	A	0.02%
HOOD	B	0.02%
WSO	A	0.02%
MKC	D	0.02%
BALL	D	0.02%
NMR	B	0.02%
BBY	D	0.02%
PODD	C	0.02%
FSLR	F	0.02%
ZBRA	B	0.02%
PNR	A	0.02%
HOLX	D	0.02%
CTRA	B	0.02%
EXE	B	0.02%
CELH	F	0.01%
MBAVU	D	0.01%
BILI	D	0.01%
UHAL	D	0.01%
LUV	C	0.01%
PARA	C	0.01%
WBA	F	0.01%
H	B	0.01%
DINO	D	0.01%
FOX	A	0.01%
AGCO	D	0.01%
BEN	C	0.01%
BBWI	D	0.01%
ACI	C	0.01%
QRVO	F	0.01%
NIO	F	0.01%
AZPN	A	0.01%
XPEV	C	0.01%
RIVN	F	0.01%
BIO	D	0.01%
MTCH	D	0.01%
HII	D	0.01%
APA	D	0.01%
MOS	F	0.01%
TTC	D	0.01%
TME	D	0.01%
WIT	A	0.01%
HRL	D	0.01%
FBIN	D	0.01%
DVA	B	0.01%
WTRG	B	0.01%
CRL	C	0.01%
KNX	B	0.01%
NLY	C	0.01%
ROKU	D	0.01%
TFX	F	0.01%
WYNN	D	0.01%
HSIC	B	0.01%
BGNE	D	0.01%
AOS	F	0.01%
AES	F	0.01%
CNH	C	0.01%
SOLV	C	0.01%
FOXA	B	0.01%
CHRD	D	0.01%
ALLY	C	0.01%
LKQ	D	0.01%
EXAS	D	0.01%
SEIC	B	0.01%
TECH	D	0.01%
DAY	B	0.01%
LW	C	0.01%
MKTX	D	0.01%
IOT	A	0.01%
PAYC	B	0.01%
IPG	D	0.01%
CTLT	B	0.01%
AFG	A	0.01%
ERIE	D	0.01%
CCK	C	0.01%
JNPR	F	0.01%
INCY	C	0.01%
SJM	D	0.01%
NWSA	B	0.01%
EMN	D	0.01%
TAP	C	0.01%
BXP	D	0.01%
CG	A	0.01%
BMRN	D	0.01%
OVV	B	0.01%
NBIX	C	0.01%
MNSO	F	0.0%

ACWI Underweight 10 Positions Relative to PHEQ

Symbol	Grade	Weight
SPOT	B	-0.19%
IBKR	A	-0.11%
DOX	D	-0.09%
SCCO	F	-0.07%
AGR	B	-0.07%
OWL	A	-0.05%
CPNG	D	-0.03%
SIRI	C	-0.03%
RKT	F	-0.03%
WMG	C	-0.02%