ACWX vs. PHEQ ETF Comparison

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

ACWX

iShares MSCI ACWI ex US Index Fund

ACWX 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 ex USA (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.81

Average Daily Volume

861,512

Number of Holdings ^*

* 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

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	ACWX	PHEQ
30 Days	-2.47%	1.99%
60 Days	-3.95%	3.02%
90 Days	-3.67%	3.86%
12 Months	12.80%	16.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in ACWX	Weight in PHEQ	Overlap
	YUMC	C	0.07%	0.07%	0.07%

ACWX Overweight 24 Positions Relative to PHEQ

Symbol	Grade	Weight
TM	D	0.69%
BABA	D	0.65%
MUFG	B	0.5%
SONY	B	0.44%
SMFG	B	0.34%
HDB	C	0.33%
IBN	C	0.3%
MFG	B	0.22%
HMC	F	0.15%
TCOM	B	0.13%
BIDU	F	0.09%
NMR	B	0.07%
UMC	F	0.06%
CHT	D	0.05%
LI	F	0.05%
BGNE	D	0.04%
XPEV	C	0.03%
WIT	A	0.03%
TME	D	0.03%
BILI	D	0.02%
NIO	F	0.02%
AGCO	D	0.02%
MNSO	F	0.01%
MBAVU	D	0.01%

ACWX Underweight 202 Positions Relative to PHEQ

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