CVSE vs. PHEQ ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Parametric Hedged Equity ETF (PHEQ)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* 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	CVSE	PHEQ
30 Days	2.61%	1.99%
60 Days	4.06%	3.02%
90 Days	5.46%	3.86%
12 Months	30.71%	16.61%

57 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in PHEQ	Overlap
AAPL	C	6.81%	6.85%	6.81%
ADBE	C	0.67%	0.48%	0.48%
AKAM	D	0.14%	0.16%	0.14%
ALNY	D	0.25%	0.13%	0.13%
AMD	F	0.52%	0.51%	0.51%
AMGN	D	0.73%	0.45%	0.45%
AXP	A	0.88%	0.57%	0.57%
BMY	B	0.41%	0.48%	0.41%
CAT	B	0.94%	0.55%	0.55%
CFG	B	0.55%	0.26%	0.26%
CRM	B	1.09%	0.63%	0.63%
CSCO	B	0.75%	0.79%	0.75%
CTAS	B	0.18%	0.42%	0.18%
DE	A	0.52%	0.44%	0.44%
DELL	C	0.19%	0.14%	0.14%
DIS	B	1.24%	0.57%	0.57%
DRI	B	0.31%	0.3%	0.3%
EQR	B	0.18%	0.32%	0.18%
EXPD	D	0.22%	0.23%	0.22%
EXR	D	0.15%	0.32%	0.15%
HBAN	A	0.28%	0.31%	0.28%
HD	A	1.33%	1.15%	1.15%
HIG	B	0.21%	0.33%	0.21%
HUBS	A	0.31%	0.14%	0.14%
KLAC	D	0.19%	0.34%	0.19%
LIN	D	0.64%	0.67%	0.64%
LLY	F	2.63%	1.39%	1.39%
LOW	D	0.75%	0.57%	0.57%
LRCX	F	0.15%	0.29%	0.15%
LULU	C	0.36%	0.21%	0.21%
MA	C	1.54%	1.14%	1.14%
MRK	F	1.73%	0.69%	0.69%
MRNA	F	0.02%	0.01%	0.01%
MSFT	F	7.68%	6.55%	6.55%
MU	D	0.35%	0.31%	0.31%
NDAQ	A	0.4%	0.24%	0.24%
NFLX	A	1.55%	0.8%	0.8%
NOW	A	1.11%	0.61%	0.61%
NVDA	C	7.98%	7.12%	7.12%
ON	D	0.05%	0.14%	0.05%
PANW	C	0.15%	0.3%	0.15%
PRU	A	0.76%	0.37%	0.37%
PYPL	B	0.32%	0.28%	0.28%
QCOM	F	0.3%	0.33%	0.3%
REGN	F	0.1%	0.21%	0.1%
RKT	F	0.06%	0.03%	0.03%
RMD	C	0.38%	0.24%	0.24%
SCHW	B	0.62%	0.35%	0.35%
SNOW	C	0.1%	0.06%	0.06%
TRV	B	0.72%	0.39%	0.39%
TXN	C	0.48%	0.59%	0.48%
ULTA	F	0.29%	0.23%	0.23%
URI	B	0.68%	0.24%	0.24%
V	A	1.44%	1.28%	1.28%
VRTX	F	0.2%	0.36%	0.2%
WDAY	B	0.28%	0.13%	0.13%
WSM	B	0.2%	0.02%	0.02%

CVSE Overweight 121 Positions Relative to PHEQ

Symbol	Grade	Weight
SPGI	C	2.01%
ACN	C	1.81%
PH	A	1.66%
ETN	A	1.42%
VRSK	A	1.21%
MET	A	1.14%
CMI	A	1.11%
PGR	A	1.06%
GM	B	1.04%
ICE	C	1.0%
GIS	D	0.91%
VZ	C	0.9%
ADP	B	0.84%
TT	A	0.84%
BSX	B	0.82%
INTU	C	0.7%
TFC	A	0.7%
ECL	D	0.69%
AMAT	F	0.69%
CBRE	B	0.69%
AWK	D	0.67%
OMC	C	0.65%
ES	D	0.64%
PLD	D	0.63%
AMT	D	0.63%
SHW	A	0.61%
NUE	C	0.61%
ITW	B	0.58%
TGT	F	0.56%
DFS	B	0.55%
HPE	B	0.55%
ED	D	0.49%
COF	B	0.47%
EMR	A	0.47%
HUM	C	0.45%
JLL	D	0.43%
CDNS	B	0.43%
BALL	D	0.4%
SJM	D	0.4%
STT	A	0.4%
TJX	A	0.37%
ADSK	A	0.36%
STE	F	0.36%
EBAY	D	0.36%
FITB	A	0.35%
DHR	F	0.35%
MKC	D	0.34%
GILD	C	0.34%
ROK	B	0.31%
A	D	0.31%
CLX	B	0.3%
IDXX	F	0.3%
MORN	B	0.3%
EW	C	0.29%
HOLX	D	0.28%
TSCO	D	0.28%
MOS	F	0.28%
PFE	D	0.27%
HPQ	B	0.27%
PNR	A	0.26%
IPG	D	0.26%
INTC	D	0.26%
HAS	D	0.26%
NKE	D	0.25%
BBY	D	0.24%
PRI	A	0.24%
MTN	C	0.23%
DAR	C	0.23%
EL	F	0.22%
MSA	D	0.22%
SNPS	B	0.22%
BFAM	D	0.21%
MSI	B	0.21%
TPR	B	0.2%
DECK	A	0.2%
TROW	B	0.19%
RF	A	0.19%
FMC	D	0.18%
WAT	B	0.18%
SCI	B	0.18%
KNX	B	0.18%
DVA	B	0.17%
FIS	C	0.16%
FCN	D	0.16%
MTG	C	0.15%
XYL	D	0.14%
VTR	C	0.14%
CNM	D	0.14%
TWLO	A	0.12%
NEE	D	0.11%
GAP	C	0.11%
G	B	0.11%
EXAS	D	0.1%
BXP	D	0.1%
MSCI	C	0.1%
EA	A	0.1%
CHD	B	0.1%
RL	B	0.09%
PLNT	A	0.09%
GPC	D	0.09%
IQV	D	0.09%
TTEK	F	0.09%
SWK	D	0.09%
VRSN	F	0.08%
MAN	D	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	B	0.08%
BRX	A	0.06%
DKS	C	0.06%
KEY	B	0.06%
FICO	B	0.05%
HST	C	0.05%
LITE	B	0.05%
VLTO	D	0.05%
CIEN	B	0.05%
FSLR	F	0.04%
RHI	B	0.04%
ETSY	D	0.03%
CPRT	A	0.03%
HXL	D	0.03%

CVSE Underweight 146 Positions Relative to PHEQ

Symbol	Grade	Weight
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%
UNH	C	-1.37%
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%
KO	D	-0.77%
ORCL	B	-0.73%
PEP	F	-0.72%
T	A	-0.68%
WFC	A	-0.67%
ABT	B	-0.6%
TMO	F	-0.59%
LMT	D	-0.58%
ISRG	A	-0.58%
IBM	C	-0.56%
UNP	C	-0.52%
MDT	D	-0.51%
TMUS	B	-0.51%
TRGP	B	-0.46%
KKR	A	-0.46%
WM	A	-0.44%
MMM	D	-0.44%
ETR	B	-0.4%
DAL	C	-0.39%
MS	A	-0.39%
BKNG	A	-0.39%
PLTR	B	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	B	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
BA	F	-0.32%
ROST	C	-0.32%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
DTE	C	-0.31%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
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%
JBHT	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
ARE	D	-0.21%
AMCR	D	-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%
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%
MGM	D	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-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%
YUMC	C	-0.07%
DKNG	B	-0.07%
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%
WMG	C	-0.02%