IYG vs. PHEQ ETF Comparison

Comparison of iShares U.S. Financial Services ETF (IYG) to Parametric Hedged Equity ETF (PHEQ)

IYG

iShares U.S. Financial Services ETF

IYG Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financial Services Index (the "underlying index"), which measures the performance of the financial services sector of the U.S. equity market. It is a subset of the Dow Jones U.S. Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.22

Average Daily Volume

47,442

Number of Holdings ^*

102

* 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

$29.43

Average Daily Volume

19,384

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	IYG	PHEQ
30 Days	8.03%	1.55%
60 Days	13.09%	2.60%
90 Days	15.48%	3.63%
12 Months	49.38%	16.36%

23 Overlapping Holdings

Symbol	Grade	Weight in IYG	Weight in PHEQ	Overlap
APO	B	1.19%	0.3%	0.3%
ARES	A	0.5%	0.25%	0.25%
AXP	A	2.6%	0.57%	0.57%
BAC	A	5.1%	0.98%	0.98%
BRK.A	B	13.92%	1.42%	1.42%
CFG	B	0.34%	0.26%	0.26%
COIN	C	1.0%	0.12%	0.12%
FCNCA	A	0.43%	0.13%	0.13%
HBAN	A	0.42%	0.31%	0.31%
IBKR	A	0.32%	0.11%	0.11%
JPM	A	11.28%	1.73%	1.73%
KKR	A	1.63%	0.46%	0.46%
LPLA	A	0.38%	0.05%	0.05%
MA	B	6.96%	1.14%	1.14%
MS	A	2.7%	0.39%	0.39%
NDAQ	A	0.53%	0.24%	0.24%
OWL	A	0.19%	0.05%	0.05%
RKT	F	0.03%	0.03%	0.03%
SCHW	B	1.95%	0.35%	0.35%
SYF	B	0.42%	0.27%	0.27%
TW	A	0.24%	0.11%	0.11%
V	A	8.36%	1.28%	1.28%
WFC	A	4.09%	0.67%	0.67%

IYG Overweight 79 Positions Relative to PHEQ

Symbol	Grade	Weight
GS	A	3.03%
SPGI	C	2.6%
BLK	B	2.36%
C	A	2.12%
BX	A	2.11%
ICE	C	1.44%
PNC	B	1.34%
CME	B	1.31%
USB	A	1.26%
MCO	B	1.2%
COF	C	1.14%
TFC	A	1.01%
BK	A	0.93%
AMP	A	0.89%
MSCI	C	0.75%
DFS	B	0.72%
MTB	A	0.58%
FITB	B	0.52%
RJF	A	0.48%
STT	B	0.46%
TROW	B	0.43%
RF	A	0.39%
HOOD	B	0.37%
NTRS	A	0.35%
CBOE	C	0.34%
FDS	B	0.3%
KEY	B	0.29%
EWBC	A	0.24%
EQH	C	0.24%
SOFI	B	0.23%
JEF	A	0.2%
SF	B	0.19%
FHN	A	0.18%
WBS	A	0.17%
CG	B	0.17%
EVR	B	0.17%
HLI	A	0.16%
WAL	B	0.16%
MKTX	D	0.16%
ALLY	C	0.16%
CMA	B	0.15%
MORN	B	0.15%
PNFP	B	0.15%
CBSH	B	0.14%
WTFC	A	0.14%
ZION	B	0.14%
CFR	B	0.14%
HLNE	B	0.13%
SEIC	B	0.13%
PB	B	0.13%
IVZ	B	0.13%
VOYA	B	0.13%
SSB	B	0.13%
SNV	C	0.13%
BPOP	C	0.12%
LAZ	B	0.11%
MTG	C	0.11%
BEN	C	0.11%
OMF	A	0.11%
JHG	B	0.1%
ESNT	F	0.1%
FNB	A	0.1%
GBCI	B	0.1%
FFIN	B	0.09%
RDN	D	0.09%
UMBF	B	0.09%
SLM	A	0.09%
TPG	A	0.09%
UBSI	B	0.09%
HOMB	A	0.09%
AMG	B	0.09%
VLY	B	0.08%
OZK	B	0.08%
FCFS	F	0.07%
CACC	D	0.05%
VIRT	A	0.05%
BOKF	B	0.04%
UWMC	D	0.01%
TFSL	A	0.01%

IYG Underweight 180 Positions Relative to PHEQ

Symbol	Grade	Weight
NVDA	B	-7.12%
AAPL	C	-6.85%
MSFT	D	-6.55%
AMZN	C	-4.1%
META	D	-2.66%
GOOGL	C	-2.28%
TSLA	B	-1.91%
GOOG	C	-1.9%
AVGO	D	-1.71%
XOM	B	-1.4%
LLY	F	-1.39%
UNH	B	-1.37%
HD	B	-1.15%
PG	C	-1.09%
COST	A	-1.07%
JNJ	C	-1.04%
WMT	A	-0.96%
ABBV	F	-0.85%
CVX	A	-0.84%
NFLX	A	-0.8%
CSCO	B	-0.79%
KO	D	-0.77%
ORCL	A	-0.73%
PEP	F	-0.72%
MRK	D	-0.69%
T	A	-0.68%
LIN	C	-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	C	-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	A	-0.46%
AMGN	F	-0.45%
DE	B	-0.44%
WM	B	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
TRV	B	-0.39%
DAL	B	-0.39%
BKNG	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	D	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
PPL	A	-0.34%
KLAC	F	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	D	-0.33%
QCOM	F	-0.33%
KMB	C	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EQR	C	-0.32%
EXR	C	-0.32%
BA	F	-0.32%
ROST	D	-0.32%
MU	D	-0.31%
LH	B	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
DTE	C	-0.31%
PANW	B	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
UBER	F	-0.29%
DOC	C	-0.29%
LRCX	F	-0.29%
CNP	A	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
MAA	B	-0.27%
MRVL	B	-0.25%
MELI	C	-0.25%
LII	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
URI	C	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	C	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
ULTA	F	-0.23%
EXPD	C	-0.23%
LNG	A	-0.22%
LYB	F	-0.22%
HEI	A	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
ARE	F	-0.21%
AMCR	C	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	B	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	C	-0.18%
PPG	F	-0.18%
WBD	B	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
CAG	F	-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	F	-0.14%
NDSN	B	-0.14%
HEI	A	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	B	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	B	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
SQ	A	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
STLD	B	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	C	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	B	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
AGR	A	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	B	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	D	-0.05%
CE	F	-0.05%
ILMN	C	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	F	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
PINS	F	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
WSM	C	-0.02%
WMG	D	-0.02%
MRNA	F	-0.01%