GDE vs. PHDG ETF Comparison

Comparison of WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

GDE Description

WisdomTree Efficient Gold Plus Equity Strategy Fund seeks total return by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of U.S.-listed gold futures contracts and U.S. large-cap equity securities.

Grade (RS Rating)

Last Trade

$38.10

Average Daily Volume

20,812

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.15

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	GDE	PHDG
30 Days	-0.82%	-1.45%
60 Days	5.69%	1.30%
90 Days	10.21%	1.18%
12 Months	60.38%	18.05%

417 Overlapping Holdings

	Symbol	Grade	Weight in GDE	Weight in PHDG	Overlap
	A	D	0.08%	0.04%	0.04%
	AAPL	C	6.27%	3.74%	3.74%
	ABBV	F	0.53%	0.32%	0.32%
	ABNB	C	0.07%	0.06%	0.06%
	ABT	B	0.37%	0.22%	0.22%
	ADBE	C	0.46%	0.25%	0.25%
	ADI	D	0.25%	0.11%	0.11%
	ADM	D	0.02%	0.03%	0.02%
	ADP	A	0.24%	0.13%	0.13%
	ADSK	A	0.16%	0.07%	0.07%
	AEE	A	0.04%	0.03%	0.03%
	AEP	C	0.09%	0.05%	0.05%
	AFL	B	0.1%	0.06%	0.06%
	AIG	B	0.11%	0.05%	0.05%
	AJG	A	0.11%	0.07%	0.07%
	AKAM	D	0.02%	0.01%	0.01%
	ALB	B	0.0%	0.01%	0.0%
	ALGN	D	0.01%	0.02%	0.01%
	ALL	A	0.08%	0.06%	0.06%
	AMAT	F	0.22%	0.17%	0.17%
	AMD	F	0.43%	0.24%	0.24%
	AME	A	0.1%	0.05%	0.05%
	AMGN	F	0.28%	0.17%	0.17%
	AMP	A	0.14%	0.06%	0.06%
	AMT	C	0.17%	0.1%	0.1%
	AMZN	C	4.05%	2.13%	2.13%
	ANET	C	0.22%	0.11%	0.11%
	ANSS	B	0.04%	0.03%	0.03%
	APD	A	0.1%	0.08%	0.08%
	APH	A	0.18%	0.09%	0.09%
	ARE	F	0.02%	0.02%	0.02%
	ATO	A	0.04%	0.02%	0.02%
	AVB	B	0.05%	0.03%	0.03%
	AVGO	D	1.46%	0.86%	0.86%
	AVY	F	0.04%	0.02%	0.02%
	AWK	C	0.07%	0.03%	0.03%
	AXON	A	0.07%	0.05%	0.05%
	AXP	A	0.39%	0.17%	0.17%
	AZO	C	0.11%	0.06%	0.06%
	BA	F	0.12%	0.11%	0.11%
	BAC	A	0.68%	0.33%	0.33%
	BALL	F	0.06%	0.02%	0.02%
	BAX	F	0.01%	0.02%	0.01%
	BBY	D	0.04%	0.02%	0.02%
	BDX	F	0.08%	0.07%	0.07%
	BEN	C	0.08%	0.01%	0.01%
	BIIB	F	0.02%	0.03%	0.02%
	BK	A	0.09%	0.06%	0.06%
	BKNG	A	0.31%	0.18%	0.18%
	BKR	A	0.11%	0.05%	0.05%
	BLDR	D	0.03%	0.02%	0.02%
	BLK	B	0.28%	0.16%	0.16%
	BMY	B	0.14%	0.13%	0.13%
	BR	A	0.04%	0.03%	0.03%
	BRK.A	B	1.83%	0.92%	0.92%
	BRO	B	0.04%	0.03%	0.03%
	BSX	A	0.22%	0.14%	0.14%
	BX	A	0.39%	0.14%	0.14%
	C	A	0.21%	0.14%	0.14%
	CAG	F	0.02%	0.01%	0.01%
	CAH	B	0.05%	0.03%	0.03%
	CARR	C	0.1%	0.07%	0.07%
	CAT	B	0.3%	0.2%	0.2%
	CBRE	B	0.08%	0.04%	0.04%
	CCI	C	0.09%	0.05%	0.05%
	CDNS	B	0.09%	0.09%	0.09%
	CDW	F	0.04%	0.03%	0.03%
	CE	F	0.06%	0.01%	0.01%
	CEG	C	0.13%	0.08%	0.08%
	CF	A	0.04%	0.02%	0.02%
	CFG	B	0.04%	0.02%	0.02%
	CHD	A	0.06%	0.03%	0.03%
	CHTR	C	0.15%	0.04%	0.04%
	CI	D	0.18%	0.1%	0.1%
	CINF	A	0.04%	0.03%	0.03%
	CL	D	0.1%	0.08%	0.08%
	CLX	A	0.03%	0.02%	0.02%
	CMCSA	B	0.24%	0.18%	0.18%
	CME	B	0.13%	0.09%	0.09%
	CMG	B	0.1%	0.09%	0.09%
	CMI	A	0.09%	0.05%	0.05%
	CMS	C	0.04%	0.02%	0.02%
	CNC	D	0.05%	0.03%	0.03%
	CNP	A	0.06%	0.02%	0.02%
	COF	C	0.16%	0.08%	0.08%
	COP	C	0.16%	0.14%	0.14%
	COR	B	0.05%	0.05%	0.05%
	COST	A	0.73%	0.44%	0.44%
	CPAY	A	0.05%	0.03%	0.03%
	CPRT	B	0.08%	0.05%	0.05%
	CRM	B	0.53%	0.35%	0.35%
	CRWD	B	0.16%	0.09%	0.09%
	CSCO	B	0.48%	0.25%	0.25%
	CSGP	D	0.03%	0.03%	0.03%
	CSX	C	0.21%	0.07%	0.07%
	CTAS	B	0.17%	0.08%	0.08%
	CTRA	B	0.01%	0.02%	0.01%
	CTSH	B	0.11%	0.04%	0.04%
	CTVA	C	0.09%	0.04%	0.04%
	CVS	D	0.14%	0.07%	0.07%
	CVX	A	0.35%	0.3%	0.3%
	D	C	0.1%	0.05%	0.05%
	DAL	B	0.05%	0.04%	0.04%
	DD	C	0.06%	0.04%	0.04%
	DE	B	0.13%	0.11%	0.11%
	DECK	A	0.07%	0.03%	0.03%
	DELL	B	0.19%	0.04%	0.04%
	DFS	B	0.08%	0.05%	0.05%
	DG	F	0.01%	0.02%	0.01%
	DGX	A	0.02%	0.02%	0.02%
	DHI	F	0.09%	0.05%	0.05%
	DHR	F	0.35%	0.17%	0.17%
	DIS	B	0.21%	0.21%	0.21%
	DLR	B	0.1%	0.06%	0.06%
	DLTR	F	0.01%	0.01%	0.01%
	DOV	A	0.06%	0.03%	0.03%
	DOW	F	0.03%	0.03%	0.03%
	DPZ	C	0.02%	0.02%	0.02%
	DRI	B	0.08%	0.02%	0.02%
	DTE	C	0.04%	0.03%	0.03%
	DUK	C	0.15%	0.09%	0.09%
	DVN	F	0.01%	0.03%	0.01%
	DXCM	C	0.01%	0.03%	0.01%
	EA	A	0.1%	0.04%	0.04%
	EBAY	D	0.06%	0.03%	0.03%
	ECL	D	0.12%	0.07%	0.07%
	ED	C	0.05%	0.04%	0.04%
	EFX	F	0.06%	0.03%	0.03%
	EIX	B	0.06%	0.03%	0.03%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.17%	0.1%	0.1%
	EMR	B	0.19%	0.08%	0.08%
	ENPH	F	0.02%	0.01%	0.01%
	EOG	A	0.27%	0.08%	0.08%
	EPAM	B	0.0%	0.02%	0.0%
	EQIX	A	0.14%	0.09%	0.09%
	EQR	C	0.04%	0.03%	0.03%
	EQT	B	0.02%	0.03%	0.02%
	ERIE	D	0.02%	0.01%	0.01%
	ES	C	0.05%	0.02%	0.02%
	ESS	B	0.03%	0.02%	0.02%
	ETR	B	0.05%	0.03%	0.03%
	EW	C	0.03%	0.04%	0.03%
	EXC	C	0.09%	0.04%	0.04%
	EXPD	C	0.06%	0.02%	0.02%
	EXPE	B	0.05%	0.02%	0.02%
	EXR	C	0.06%	0.04%	0.04%
	F	C	0.03%	0.05%	0.03%
	FANG	C	0.04%	0.04%	0.04%
	FAST	B	0.1%	0.05%	0.05%
	FCX	F	0.08%	0.07%	0.07%
	FDS	B	0.05%	0.02%	0.02%
	FDX	B	0.14%	0.07%	0.07%
	FE	C	0.03%	0.02%	0.02%
	FI	A	0.22%	0.13%	0.13%
	FICO	B	0.07%	0.06%	0.06%
	FIS	C	0.09%	0.05%	0.05%
	FITB	B	0.06%	0.03%	0.03%
	FSLR	F	0.04%	0.02%	0.02%
	FTNT	C	0.14%	0.06%	0.06%
	FTV	C	0.07%	0.03%	0.03%
	GD	D	0.14%	0.08%	0.08%
	GDDY	A	0.03%	0.03%	0.03%
	GE	D	0.34%	0.21%	0.21%
	GEHC	D	0.04%	0.04%	0.04%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.14%	0.1%	0.1%
	GILD	C	0.21%	0.12%	0.12%
	GIS	D	0.05%	0.04%	0.04%
	GLW	B	0.06%	0.04%	0.04%
	GM	C	0.15%	0.07%	0.07%
	GOOGL	C	4.12%	1.11%	1.11%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.03%	0.03%	0.03%
	GS	A	0.36%	0.2%	0.2%
	GWW	B	0.08%	0.06%	0.06%
	HAL	C	0.02%	0.03%	0.02%
	HBAN	A	0.04%	0.03%	0.03%
	HCA	F	0.14%	0.07%	0.07%
	HD	B	0.75%	0.43%	0.43%
	HES	B	0.03%	0.04%	0.03%
	HIG	B	0.06%	0.04%	0.04%
	HLT	A	0.13%	0.07%	0.07%
	HOLX	D	0.06%	0.02%	0.02%
	HON	C	0.31%	0.16%	0.16%
	HPE	B	0.06%	0.03%	0.03%
	HPQ	B	0.09%	0.04%	0.04%
	HRL	D	0.05%	0.01%	0.01%
	HST	C	0.05%	0.01%	0.01%
	HSY	F	0.04%	0.03%	0.03%
	HUBB	B	0.02%	0.03%	0.02%
	HUM	C	0.04%	0.04%	0.04%
	HWM	A	0.08%	0.05%	0.05%
	IBM	C	0.32%	0.21%	0.21%
	ICE	C	0.16%	0.1%	0.1%
	IDXX	F	0.05%	0.04%	0.04%
	IEX	C	0.01%	0.02%	0.01%
	IFF	D	0.04%	0.02%	0.02%
	INCY	C	0.06%	0.01%	0.01%
	INTC	C	0.06%	0.12%	0.06%
	INTU	B	0.32%	0.21%	0.21%
	INVH	D	0.03%	0.02%	0.02%
	IP	A	0.03%	0.02%	0.02%
	IPG	D	0.04%	0.01%	0.01%
	IQV	F	0.09%	0.04%	0.04%
	IR	B	0.04%	0.04%	0.04%
	IRM	C	0.03%	0.04%	0.03%
	ISRG	A	0.36%	0.21%	0.21%
	IT	C	0.08%	0.04%	0.04%
	ITW	B	0.16%	0.08%	0.08%
	J	D	0.03%	0.02%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JBL	C	0.01%	0.02%	0.01%
	JNJ	C	0.7%	0.39%	0.39%
	JPM	A	1.24%	0.74%	0.74%
	K	A	0.04%	0.02%	0.02%
	KDP	F	0.09%	0.04%	0.04%
	KEY	B	0.03%	0.02%	0.02%
	KEYS	A	0.06%	0.03%	0.03%
	KHC	F	0.03%	0.03%	0.03%
	KIM	A	0.01%	0.02%	0.01%
	KKR	A	0.25%	0.11%	0.11%
	KLAC	F	0.14%	0.09%	0.09%
	KMB	C	0.09%	0.05%	0.05%
	KMI	A	0.12%	0.06%	0.06%
	KO	D	0.49%	0.26%	0.26%
	KR	B	0.05%	0.04%	0.04%
	KVUE	A	0.08%	0.05%	0.05%
	L	A	0.03%	0.02%	0.02%
	LDOS	C	0.03%	0.02%	0.02%
	LEN	D	0.09%	0.04%	0.04%
	LH	B	0.04%	0.02%	0.02%
	LHX	C	0.08%	0.05%	0.05%
	LKQ	F	0.0%	0.01%	0.0%
	LLY	F	1.37%	0.67%	0.67%
	LMT	D	0.23%	0.12%	0.12%
	LOW	C	0.28%	0.17%	0.17%
	LRCX	F	0.23%	0.11%	0.11%
	LUV	C	0.05%	0.02%	0.02%
	LVS	B	0.01%	0.02%	0.01%
	LW	C	0.0%	0.01%	0.0%
	LYV	A	0.07%	0.02%	0.02%
	MA	B	0.95%	0.46%	0.46%
	MAA	B	0.03%	0.02%	0.02%
	MAR	A	0.09%	0.07%	0.07%
	MAS	D	0.03%	0.02%	0.02%
	MCD	D	0.38%	0.23%	0.23%
	MCHP	F	0.04%	0.04%	0.04%
	MCK	A	0.16%	0.09%	0.09%
	MCO	B	0.13%	0.08%	0.08%
	MDLZ	F	0.17%	0.09%	0.09%
	MET	A	0.09%	0.05%	0.05%
	META	D	2.7%	1.36%	1.36%
	MGM	D	0.1%	0.01%	0.01%
	MKC	C	0.04%	0.02%	0.02%
	MLM	C	0.03%	0.04%	0.03%
	MMC	B	0.2%	0.12%	0.12%
	MMM	D	0.12%	0.08%	0.08%
	MNST	C	0.03%	0.04%	0.03%
	MO	A	0.18%	0.1%	0.1%
	MOH	F	0.03%	0.02%	0.02%
	MOS	F	0.1%	0.01%	0.01%
	MPC	D	0.08%	0.06%	0.06%
	MPWR	F	0.07%	0.03%	0.03%
	MRK	D	0.36%	0.27%	0.27%
	MRNA	F	0.01%	0.01%	0.01%
	MRO	B	0.06%	0.02%	0.02%
	MS	A	0.43%	0.18%	0.18%
	MSCI	C	0.11%	0.05%	0.05%
	MSFT	D	5.58%	3.42%	3.42%
	MSI	B	0.09%	0.09%	0.09%
	MTB	A	0.06%	0.04%	0.04%
	MTD	F	0.07%	0.03%	0.03%
	MU	D	0.15%	0.12%	0.12%
	NDAQ	A	0.06%	0.03%	0.03%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	C	0.28%	0.17%	0.17%
	NEM	D	0.09%	0.05%	0.05%
	NFLX	A	0.66%	0.39%	0.39%
	NKE	F	0.11%	0.1%	0.1%
	NOC	D	0.14%	0.07%	0.07%
	NOW	A	0.4%	0.23%	0.23%
	NSC	B	0.13%	0.06%	0.06%
	NTAP	C	0.04%	0.03%	0.03%
	NTRS	A	0.05%	0.02%	0.02%
	NUE	C	0.03%	0.04%	0.03%
	NVDA	B	6.47%	3.89%	3.89%
	NVR	D	0.03%	0.03%	0.03%
	NWSA	A	0.04%	0.01%	0.01%
	O	C	0.1%	0.05%	0.05%
	ODFL	C	0.07%	0.05%	0.05%
	OKE	A	0.17%	0.07%	0.07%
	OMC	C	0.03%	0.02%	0.02%
	ON	D	0.04%	0.03%	0.03%
	ORCL	A	0.92%	0.32%	0.32%
	ORLY	B	0.13%	0.08%	0.08%
	OTIS	C	0.08%	0.04%	0.04%
	OXY	D	0.03%	0.04%	0.03%
	PANW	B	0.23%	0.14%	0.14%
	PAYX	B	0.1%	0.05%	0.05%
	PCAR	B	0.07%	0.07%	0.07%
	PCG	A	0.1%	0.05%	0.05%
	PEG	A	0.05%	0.05%	0.05%
	PEP	F	0.34%	0.24%	0.24%
	PFE	F	0.21%	0.16%	0.16%
	PFG	D	0.03%	0.02%	0.02%
	PG	C	0.76%	0.42%	0.42%
	PGR	A	0.24%	0.16%	0.16%
	PH	A	0.16%	0.1%	0.1%
	PHM	D	0.04%	0.03%	0.03%
	PKG	A	0.03%	0.02%	0.02%
	PLD	F	0.22%	0.11%	0.11%
	PLTR	B	0.26%	0.13%	0.13%
	PM	B	0.37%	0.21%	0.21%
	PNC	B	0.16%	0.09%	0.09%
	PODD	C	0.05%	0.02%	0.02%
	POOL	C	0.01%	0.01%	0.01%
	PPG	F	0.03%	0.03%	0.03%
	PPL	A	0.03%	0.03%	0.03%
	PRU	A	0.09%	0.05%	0.05%
	PSA	C	0.09%	0.06%	0.06%
	PSX	C	0.07%	0.06%	0.06%
	PTC	B	0.02%	0.02%	0.02%
	PWR	A	0.09%	0.05%	0.05%
	PYPL	B	0.19%	0.09%	0.09%
	QCOM	F	0.31%	0.2%	0.2%
	REGN	F	0.16%	0.09%	0.09%
	RF	A	0.04%	0.03%	0.03%
	RJF	A	0.08%	0.03%	0.03%
	RMD	C	0.06%	0.04%	0.04%
	ROK	C	0.11%	0.04%	0.04%
	ROL	B	0.03%	0.02%	0.02%
	ROP	B	0.14%	0.07%	0.07%
	ROST	D	0.12%	0.05%	0.05%
	RSG	A	0.09%	0.05%	0.05%
	RTX	D	0.32%	0.17%	0.17%
	SBAC	D	0.03%	0.03%	0.03%
	SBUX	A	0.22%	0.12%	0.12%
	SCHW	B	0.15%	0.13%	0.13%
	SHW	B	0.17%	0.1%	0.1%
	SJM	D	0.04%	0.01%	0.01%
	SMCI	F	0.0%	0.01%	0.0%
	SNA	A	0.04%	0.02%	0.02%
	SNPS	B	0.1%	0.09%	0.09%
	SO	C	0.18%	0.1%	0.1%
	SOLV	D	0.03%	0.01%	0.01%
	SPG	A	0.12%	0.06%	0.06%
	SPGI	C	0.3%	0.18%	0.18%
	SRE	A	0.13%	0.06%	0.06%
	STLD	B	0.1%	0.02%	0.02%
	STT	B	0.06%	0.03%	0.03%
	STZ	D	0.05%	0.04%	0.04%
	SWK	D	0.04%	0.01%	0.01%
	SWKS	F	0.06%	0.01%	0.01%
	SYF	B	0.06%	0.03%	0.03%
	SYK	B	0.28%	0.14%	0.14%
	SYY	D	0.06%	0.04%	0.04%
	T	A	0.29%	0.17%	0.17%
	TAP	C	0.08%	0.01%	0.01%
	TDG	D	0.13%	0.08%	0.08%
	TDY	B	0.08%	0.02%	0.02%
	TER	F	0.06%	0.02%	0.02%
	TFC	A	0.12%	0.07%	0.07%
	TGT	F	0.08%	0.08%	0.08%
	TJX	A	0.29%	0.15%	0.15%
	TMO	F	0.42%	0.22%	0.22%
	TMUS	B	0.49%	0.13%	0.13%
	TRGP	A	0.09%	0.05%	0.05%
	TROW	B	0.02%	0.03%	0.02%
	TRV	B	0.1%	0.06%	0.06%
	TSCO	D	0.05%	0.03%	0.03%
	TSLA	B	1.93%	0.93%	0.93%
	TSN	B	0.05%	0.02%	0.02%
	TTWO	A	0.08%	0.03%	0.03%
	TXN	C	0.36%	0.2%	0.2%
	TXT	D	0.04%	0.02%	0.02%
	TYL	B	0.06%	0.03%	0.03%
	UAL	A	0.04%	0.03%	0.03%
	UBER	F	0.25%	0.16%	0.16%
	ULTA	F	0.01%	0.02%	0.01%
	UNH	B	1.03%	0.59%	0.59%
	UNP	C	0.3%	0.15%	0.15%
	UPS	C	0.05%	0.1%	0.05%
	URI	C	0.1%	0.06%	0.06%
	USB	A	0.15%	0.08%	0.08%
	V	A	1.19%	0.56%	0.56%
	VICI	C	0.06%	0.04%	0.04%
	VLO	C	0.06%	0.05%	0.05%
	VLTO	C	0.03%	0.03%	0.03%
	VMC	B	0.04%	0.04%	0.04%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	C	0.08%	0.02%	0.02%
	VRTX	D	0.23%	0.13%	0.13%
	VST	A	0.07%	0.05%	0.05%
	VTR	B	0.04%	0.03%	0.03%
	VZ	C	0.32%	0.19%	0.19%
	WAB	B	0.06%	0.04%	0.04%
	WAT	C	0.06%	0.02%	0.02%
	WBA	F	0.0%	0.01%	0.0%
	WBD	B	0.02%	0.02%	0.02%
	WDC	D	0.03%	0.02%	0.02%
	WEC	A	0.06%	0.03%	0.03%
	WELL	A	0.13%	0.08%	0.08%
	WFC	A	0.37%	0.27%	0.27%
	WM	B	0.1%	0.09%	0.09%
	WMB	A	0.12%	0.07%	0.07%
	WMT	A	1.23%	0.4%	0.4%
	WRB	A	0.04%	0.02%	0.02%
	WST	C	0.02%	0.03%	0.02%
	WY	F	0.03%	0.02%	0.02%
	XEL	A	0.05%	0.04%	0.04%
	XOM	B	0.97%	0.58%	0.58%
	XYL	D	0.08%	0.03%	0.03%
	YUM	D	0.08%	0.04%	0.04%
	ZBH	C	0.02%	0.02%	0.02%
	ZBRA	B	0.06%	0.02%	0.02%
	ZTS	D	0.18%	0.09%	0.09%

GDE Overweight 71 Positions Relative to PHDG

	Symbol	Grade	Weight
	APO	B	0.25%
	APP	B	0.17%
	EPD	A	0.17%
	TEAM	A	0.16%
	WDAY	B	0.16%
	SCCO	F	0.15%
	TTD	B	0.14%
	ET	A	0.14%
	DASH	B	0.13%
	COIN	C	0.12%
	MRVL	B	0.12%
	OVV	B	0.12%
	MPLX	A	0.09%
	CPNG	D	0.09%
	ZS	B	0.09%
	RBLX	C	0.08%
	ZM	C	0.08%
	TWLO	A	0.08%
	ILMN	C	0.07%
	H	B	0.07%
	TPL	A	0.07%
	WMG	D	0.06%
	VRT	B	0.06%
	DDOG	A	0.06%
	CG	B	0.06%
	BSY	F	0.06%
	ALNY	D	0.06%
	WLK	D	0.06%
	SQ	A	0.05%
	IOT	A	0.05%
	ACI	C	0.05%
	VEEV	C	0.05%
	DT	D	0.05%
	GLPI	C	0.04%
	HUBS	A	0.04%
	MANH	D	0.04%
	RIVN	F	0.04%
	NET	B	0.04%
	SSNC	B	0.04%
	SUI	C	0.04%
	AVTR	F	0.04%
	WPC	C	0.04%
	FCNCA	A	0.04%
	ROKU	D	0.04%
	CSL	C	0.04%
	CRBG	B	0.04%
	ARES	A	0.04%
	LBRDK	C	0.04%
	SNAP	D	0.04%
	BAH	F	0.03%
	PINS	F	0.03%
	FNF	B	0.03%
	WSM	C	0.03%
	SNOW	B	0.03%
	HEI	A	0.03%
	MKL	A	0.03%
	AGR	A	0.03%
	SIRI	C	0.03%
	LII	A	0.03%
	BMRN	F	0.02%
	RS	B	0.02%
	ENTG	D	0.02%
	MORN	B	0.02%
	MDB	B	0.02%
	TW	A	0.02%
	LPLA	A	0.02%
	OC	A	0.02%
	DKNG	B	0.02%
	WSO	A	0.02%
	GGG	B	0.02%
	RPM	A	0.01%

GDE Underweight 82 Positions Relative to PHDG

	Symbol	Grade	Weight
	GOOG	C	-0.92%
	ACN	B	-0.24%
	LIN	C	-0.23%
	ETN	A	-0.16%
	CB	C	-0.12%
	MDT	D	-0.12%
	TT	A	-0.1%
	AON	A	-0.09%
	SLB	C	-0.07%
	RCL	A	-0.06%
	JCI	B	-0.06%
	NXPI	D	-0.06%
	ACGL	C	-0.04%
	LULU	C	-0.04%
	CCL	A	-0.03%
	SW	A	-0.03%
	WTW	B	-0.03%
	GRMN	B	-0.03%
	FFIV	B	-0.02%
	RVTY	F	-0.02%
	APTV	F	-0.02%
	EVRG	A	-0.02%
	AMCR	C	-0.02%
	DOC	C	-0.02%
	VTRS	A	-0.02%
	LNT	A	-0.02%
	EG	C	-0.02%
	NI	A	-0.02%
	TRMB	B	-0.02%
	PNR	A	-0.02%
	NRG	B	-0.02%
	STX	C	-0.02%
	CBOE	C	-0.02%
	LYB	F	-0.02%
	STE	D	-0.02%
	FOX	A	-0.01%
	QRVO	F	-0.01%
	PARA	C	-0.01%
	FMC	D	-0.01%
	DVA	C	-0.01%
	MHK	D	-0.01%
	HII	F	-0.01%
	BWA	D	-0.01%
	IVZ	B	-0.01%
	MTCH	D	-0.01%
	HAS	D	-0.01%
	APA	D	-0.01%
	HSIC	C	-0.01%
	CZR	F	-0.01%
	RL	C	-0.01%
	FRT	B	-0.01%
	WYNN	C	-0.01%
	AOS	F	-0.01%
	CPB	D	-0.01%
	TFX	F	-0.01%
	GL	C	-0.01%
	AES	F	-0.01%
	MKTX	D	-0.01%
	CRL	D	-0.01%
	PNW	A	-0.01%
	CTLT	C	-0.01%
	FOXA	A	-0.01%
	PAYC	B	-0.01%
	AIZ	A	-0.01%
	GNRC	C	-0.01%
	TECH	F	-0.01%
	BXP	C	-0.01%
	NCLH	B	-0.01%
	EMN	C	-0.01%
	UHS	D	-0.01%
	REG	A	-0.01%
	DAY	B	-0.01%
	KMX	B	-0.01%
	ALLE	C	-0.01%
	BG	D	-0.01%
	JKHY	D	-0.01%
	JNPR	D	-0.01%
	CPT	B	-0.01%
	CHRW	B	-0.01%
	TPR	B	-0.01%
	UDR	B	-0.01%
	NWS	A	-0.0%

GDE: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Diagnostics & Research Banks - Regional - US Capital Markets Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Specialty Retail Packaged Foods Software - Infrastructure Specialty Chemicals Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Insurance Electricity Electronics Aerospace Bank Semiconductor Medicine Telecommunications Banking Chemical Cloud Computing Mining Real Estate Investment Trust Investment Bank Petroleum Industry

PHDG: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank