JQUA vs. PHEQ ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to Parametric Hedged Equity ETF (PHEQ)

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$59.18

Average Daily Volume

481,509

Number of Holdings ^*

278

* 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	JQUA	PHEQ
30 Days	4.45%	1.99%
60 Days	5.31%	3.02%
90 Days	7.31%	3.86%
12 Months	31.33%	16.61%

84 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in PHEQ	Overlap
AAPL	C	1.86%	6.85%	1.86%
ABBV	D	1.17%	0.85%	0.85%
ABNB	C	0.28%	0.15%	0.15%
ABT	B	0.85%	0.6%	0.6%
ADBE	C	0.84%	0.48%	0.48%
AKAM	D	0.18%	0.16%	0.16%
AVGO	D	1.25%	1.71%	1.25%
BKNG	A	0.79%	0.39%	0.39%
BLDR	D	0.19%	0.08%	0.08%
BMY	B	0.61%	0.48%	0.48%
BRK.A	B	1.86%	1.42%	1.42%
BRO	B	0.29%	0.31%	0.29%
BSY	D	0.11%	0.04%	0.04%
COR	B	0.1%	0.3%	0.1%
COST	B	1.51%	1.07%	1.07%
CRM	B	1.3%	0.63%	0.63%
CRWD	B	0.41%	0.17%	0.17%
CSCO	B	1.02%	0.79%	0.79%
CSL	C	0.28%	0.18%	0.18%
CTAS	B	0.47%	0.42%	0.42%
CVX	A	0.72%	0.84%	0.72%
DASH	A	0.43%	0.13%	0.13%
DDOG	A	0.29%	0.13%	0.13%
DOX	D	0.21%	0.09%	0.09%
DRI	B	0.22%	0.3%	0.22%
EQR	B	0.08%	0.32%	0.08%
EXPD	D	0.21%	0.23%	0.21%
EXR	D	0.23%	0.32%	0.23%
GOOGL	C	1.89%	2.28%	1.89%
HD	A	1.51%	1.15%	1.15%
HIG	B	0.22%	0.33%	0.22%
IBM	C	0.67%	0.56%	0.56%
JNJ	D	1.4%	1.04%	1.04%
KLAC	D	0.46%	0.34%	0.34%
KMB	D	0.29%	0.33%	0.29%
KO	D	0.76%	0.77%	0.76%
LIN	D	0.88%	0.67%	0.67%
LMT	D	0.58%	0.58%	0.58%
LRCX	F	0.46%	0.29%	0.29%
LULU	C	0.37%	0.21%	0.21%
MA	C	1.58%	1.14%	1.14%
MAA	B	0.21%	0.27%	0.21%
META	D	2.07%	2.66%	2.07%
MMM	D	0.33%	0.44%	0.33%
MRK	F	0.99%	0.69%	0.69%
MRVL	B	0.38%	0.25%	0.25%
MSFT	F	1.72%	6.55%	1.72%
NDAQ	A	0.29%	0.24%	0.24%
NDSN	B	0.11%	0.14%	0.11%
NOW	A	0.88%	0.61%	0.61%
NVDA	C	2.22%	7.12%	2.22%
OKTA	C	0.12%	0.04%	0.04%
ORCL	B	0.97%	0.73%	0.73%
PANW	C	0.63%	0.3%	0.3%
PG	A	1.33%	1.09%	1.09%
PHM	D	0.06%	0.3%	0.06%
PINS	D	0.15%	0.03%	0.03%
PLTR	B	0.62%	0.36%	0.36%
QCOM	F	0.76%	0.33%	0.33%
REGN	F	0.41%	0.21%	0.21%
RMD	C	0.29%	0.24%	0.24%
ROST	C	0.31%	0.32%	0.31%
RPRX	D	0.14%	0.04%	0.04%
RSG	A	0.34%	0.34%	0.34%
SCCO	F	0.21%	0.07%	0.07%
SIRI	C	0.08%	0.03%	0.03%
SNOW	C	0.22%	0.06%	0.06%
SSNC	B	0.13%	0.21%	0.13%
T	A	0.3%	0.68%	0.3%
TEAM	A	0.33%	0.06%	0.06%
TRV	B	0.39%	0.39%	0.39%
ULTA	F	0.14%	0.23%	0.14%
UNP	C	0.66%	0.52%	0.52%
V	A	1.83%	1.28%	1.28%
VRT	B	0.28%	0.1%	0.1%
WDAY	B	0.29%	0.13%	0.13%
WM	A	0.5%	0.44%	0.44%
WMT	A	0.21%	0.96%	0.21%
WRB	A	0.25%	0.21%	0.21%
WSM	B	0.24%	0.02%	0.02%
XOM	B	1.71%	1.4%	1.4%
YUM	B	0.27%	0.33%	0.27%
ZM	B	0.19%	0.18%	0.18%
ZS	C	0.2%	0.08%	0.08%

JQUA Overweight 194 Positions Relative to PHEQ

Symbol	Grade	Weight
ACN	C	0.88%
MCD	D	0.87%
APP	B	0.86%
INTU	C	0.82%
AMAT	F	0.68%
TJX	A	0.63%
BLK	C	0.62%
GILD	C	0.6%
ADP	B	0.58%
SBUX	A	0.56%
SPGI	C	0.53%
ADI	D	0.53%
MMC	B	0.53%
APH	A	0.51%
MO	A	0.5%
NKE	D	0.48%
CB	C	0.47%
SNPS	B	0.46%
VZ	C	0.46%
CDNS	B	0.45%
MCO	B	0.44%
ZTS	D	0.44%
ITW	B	0.44%
FTNT	C	0.44%
ORLY	B	0.43%
MAR	B	0.43%
PGR	A	0.43%
AON	A	0.42%
GWW	B	0.41%
COP	C	0.4%
BDX	F	0.4%
AJG	B	0.39%
CL	D	0.39%
AFL	B	0.39%
AMP	A	0.38%
CPRT	A	0.37%
EOG	A	0.37%
ICE	C	0.36%
EA	A	0.35%
PSA	D	0.35%
CTSH	B	0.34%
IT	C	0.34%
MSI	B	0.34%
PAYX	C	0.34%
VRSK	A	0.33%
DECK	A	0.32%
DOCU	A	0.31%
A	D	0.31%
EBAY	D	0.3%
SPG	B	0.29%
BR	A	0.29%
ACGL	D	0.29%
WEC	A	0.29%
IDXX	F	0.28%
WSO	A	0.27%
EXPE	B	0.27%
ROP	B	0.27%
UTHR	C	0.27%
NVR	D	0.27%
FFIV	B	0.27%
MANH	D	0.26%
ALSN	B	0.26%
RNG	B	0.26%
MCHP	D	0.26%
WY	D	0.25%
CLH	B	0.25%
SEIC	B	0.25%
HOLX	D	0.24%
EW	C	0.24%
HST	C	0.24%
KEYS	A	0.24%
DBX	B	0.24%
PAYC	B	0.24%
MCK	B	0.24%
LOPE	B	0.23%
MEDP	D	0.23%
LAMR	D	0.23%
MTD	D	0.23%
LEN	D	0.23%
POOL	C	0.23%
CTRA	B	0.23%
FDS	B	0.23%
LSTR	D	0.22%
TOST	B	0.22%
VRSN	F	0.22%
LECO	B	0.22%
JAZZ	B	0.22%
CLX	B	0.22%
TWLO	A	0.22%
HPQ	B	0.21%
GGG	B	0.21%
IEX	B	0.21%
CHE	D	0.21%
ED	D	0.21%
ROL	B	0.21%
OGE	B	0.21%
CF	B	0.2%
TPR	B	0.2%
DT	C	0.2%
LDOS	C	0.2%
TER	D	0.2%
HRB	D	0.2%
DVA	B	0.2%
CBOE	B	0.2%
FNF	B	0.19%
HPE	B	0.19%
ANSS	B	0.19%
LSCC	D	0.19%
TYL	B	0.19%
DKS	C	0.19%
CBSH	A	0.19%
PSTG	D	0.19%
NTAP	C	0.18%
SWKS	F	0.18%
PEN	B	0.18%
MPWR	F	0.17%
NFG	A	0.17%
SOLV	C	0.17%
NTNX	A	0.17%
UGI	A	0.16%
AYI	B	0.16%
DLB	B	0.16%
SAIC	F	0.16%
EPAM	C	0.16%
JBL	B	0.16%
EXP	A	0.16%
STE	F	0.16%
AMT	D	0.16%
GEN	B	0.16%
DCI	B	0.16%
CDW	F	0.16%
TDC	D	0.15%
NRG	B	0.15%
BBY	D	0.15%
RPM	A	0.15%
CRI	D	0.15%
PEGA	A	0.15%
WMS	D	0.15%
MSGS	A	0.15%
AFG	A	0.14%
ELS	C	0.14%
CNM	D	0.14%
CHD	B	0.14%
EVRG	A	0.14%
PRI	A	0.14%
JKHY	D	0.14%
MTSI	B	0.14%
SMAR	A	0.13%
MSM	C	0.13%
PCOR	B	0.13%
CCI	D	0.12%
DXC	B	0.12%
PEG	A	0.12%
ENTG	D	0.12%
PATH	C	0.12%
WU	D	0.12%
GWRE	A	0.11%
SKX	D	0.11%
YETI	C	0.11%
CRUS	D	0.11%
TSCO	D	0.11%
DV	C	0.11%
MTCH	D	0.11%
CNC	D	0.11%
AOS	F	0.11%
TPL	A	0.11%
WH	B	0.1%
CPT	B	0.1%
RLI	B	0.1%
QRVO	F	0.1%
BYD	C	0.1%
CHH	A	0.09%
ZI	D	0.09%
COKE	C	0.09%
LPX	B	0.09%
FAST	B	0.09%
ATO	A	0.09%
IPGP	D	0.09%
OLN	D	0.09%
QGEN	D	0.08%
MPC	D	0.08%
INGR	B	0.08%
PINC	B	0.07%
GLPI	C	0.07%
TECH	D	0.06%
RS	B	0.06%
WAT	B	0.06%
CUBE	D	0.05%
UPS	C	0.04%
GNTX	C	0.04%
AM	A	0.03%
CHRW	C	0.02%
VIRT	B	0.01%
SNX	C	0.0%

JQUA Underweight 119 Positions Relative to PHEQ

Symbol	Grade	Weight
AMZN	C	-4.1%
TSLA	B	-1.91%
GOOG	C	-1.9%
JPM	A	-1.73%
LLY	F	-1.39%
UNH	C	-1.37%
BAC	A	-0.98%
NFLX	A	-0.8%
PEP	F	-0.72%
WFC	A	-0.67%
TMO	F	-0.59%
TXN	C	-0.59%
ISRG	A	-0.58%
DIS	B	-0.57%
LOW	D	-0.57%
AXP	A	-0.57%
CAT	B	-0.55%
AMD	F	-0.51%
MDT	D	-0.51%
TMUS	B	-0.51%
TRGP	B	-0.46%
KKR	A	-0.46%
AMGN	D	-0.45%
DE	A	-0.44%
ETR	B	-0.4%
DAL	C	-0.39%
MS	A	-0.39%
PRU	A	-0.37%
VRTX	F	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
OTIS	C	-0.33%
BA	F	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
AEE	A	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
CFG	B	-0.26%
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%
URI	B	-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%
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%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CAG	D	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
HAL	C	-0.16%
MOH	F	-0.14%
APTV	D	-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%
HUBB	B	-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%
VEEV	C	-0.1%
SUI	D	-0.1%
TRU	D	-0.09%
NET	B	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
ALGN	D	-0.06%
AVTR	F	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
WLK	D	-0.04%
CPNG	D	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WMG	C	-0.02%
MRNA	F	-0.01%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P