PAPI vs. VLUE ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to iShares MSCI USA Value Factor (VLUE)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

34,067

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$111.03

Average Daily Volume

335,783

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	VLUE
30 Days	-0.81%	0.17%
60 Days	1.91%	3.25%
90 Days	3.47%	6.06%
12 Months	16.89%	21.88%

49 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in VLUE	Overlap
ADM	D	0.46%	0.62%	0.46%
ATO	A	0.54%	0.22%	0.22%
BBY	D	0.47%	0.36%	0.36%
BG	D	0.48%	0.19%	0.19%
CAG	F	0.49%	0.25%	0.25%
CI	D	0.5%	1.34%	0.5%
CMI	A	0.56%	0.58%	0.56%
CSCO	B	0.55%	6.4%	0.55%
CTRA	B	0.56%	0.33%	0.33%
CTSH	C	0.55%	1.13%	0.55%
D	C	0.5%	0.46%	0.46%
DGX	A	0.57%	0.19%	0.19%
DINO	D	0.51%	0.16%	0.16%
DOW	F	0.45%	0.24%	0.24%
ELV	F	0.44%	1.01%	0.44%
EMN	D	0.49%	0.1%	0.1%
EVRG	A	0.55%	0.26%	0.26%
FNF	A	0.51%	0.09%	0.09%
FOX	A	0.59%	0.17%	0.17%
FOXA	B	0.59%	0.32%	0.32%
GILD	C	0.56%	1.39%	0.56%
GLW	B	0.55%	1.13%	0.55%
HIG	B	0.51%	0.22%	0.22%
HII	F	0.41%	0.1%	0.1%
HPE	B	0.55%	1.44%	0.55%
HPQ	B	0.53%	1.17%	0.53%
IBM	C	0.47%	3.97%	0.47%
IP	A	0.63%	0.18%	0.18%
JCI	B	0.59%	0.6%	0.59%
KHC	F	0.47%	0.77%	0.47%
LEN	D	0.46%	1.5%	0.46%
LH	B	0.59%	0.25%	0.25%
LHX	B	0.55%	0.55%	0.55%
LKQ	F	0.51%	0.23%	0.23%
LYB	F	0.48%	0.22%	0.22%
MO	A	0.57%	1.38%	0.57%
MOS	D	0.52%	0.18%	0.18%
PFE	F	0.46%	2.2%	0.46%
PPL	A	0.54%	0.31%	0.31%
PRU	B	0.52%	0.43%	0.43%
RF	A	0.56%	0.2%	0.2%
RPRX	F	0.48%	0.19%	0.19%
RTX	D	0.51%	1.82%	0.51%
SNA	B	0.64%	0.23%	0.23%
SWKS	F	0.47%	0.48%	0.47%
T	A	0.54%	5.87%	0.54%
TAP	B	0.58%	0.36%	0.36%
VLO	C	0.53%	0.75%	0.53%
VZ	C	0.48%	2.79%	0.48%

PAPI Overweight 140 Positions Relative to VLUE

Symbol	Grade	Weight
GRMN	B	0.66%
BKR	B	0.63%
IDCC	B	0.63%
DTM	A	0.61%
EMR	A	0.61%
PINC	B	0.61%
IDA	A	0.6%
RHI	C	0.59%
PB	A	0.59%
UNM	A	0.59%
CFR	B	0.59%
EA	A	0.59%
OKE	A	0.59%
CINF	A	0.58%
RS	B	0.58%
CAH	B	0.58%
JHG	B	0.58%
WMB	A	0.58%
INGR	B	0.58%
TXRH	B	0.57%
UNH	C	0.57%
SRE	A	0.57%
WSO	A	0.57%
PKG	B	0.57%
MSM	D	0.57%
KMI	A	0.57%
OGE	A	0.56%
TROW	B	0.56%
ADP	B	0.56%
MTN	C	0.56%
TXN	C	0.56%
TRV	A	0.56%
AFG	A	0.56%
SYK	A	0.56%
XEL	A	0.56%
FAST	B	0.56%
AEE	A	0.55%
ATR	B	0.55%
PAYX	B	0.55%
HP	C	0.55%
CMCSA	B	0.55%
CVX	A	0.55%
EOG	A	0.55%
COST	A	0.55%
COR	B	0.55%
DCI	B	0.55%
COP	B	0.55%
WHR	B	0.55%
GNTX	F	0.54%
PAG	B	0.54%
TJX	A	0.54%
GGG	B	0.54%
GD	D	0.54%
BMI	C	0.54%
DRI	C	0.54%
WMT	A	0.54%
PM	A	0.54%
OXM	F	0.53%
CHRD	F	0.53%
POWI	D	0.53%
COLM	B	0.53%
AM	A	0.53%
ROP	C	0.53%
CHD	A	0.53%
MSFT	D	0.53%
DOX	D	0.53%
OGS	A	0.53%
ORI	A	0.53%
MDT	D	0.52%
OMC	C	0.52%
NFG	A	0.52%
CALM	A	0.52%
ABT	A	0.52%
WEC	A	0.52%
NYT	D	0.52%
DLB	F	0.52%
CME	A	0.52%
XOM	B	0.52%
PEG	C	0.51%
LNT	A	0.51%
PG	C	0.51%
BDX	F	0.51%
DD	D	0.51%
PSX	C	0.51%
ADI	D	0.51%
ACN	C	0.51%
POR	C	0.51%
CTVA	C	0.51%
HRL	D	0.51%
AVT	C	0.51%
EXPD	D	0.51%
SNX	D	0.51%
DVN	F	0.5%
PEP	F	0.5%
CCOI	B	0.5%
FE	C	0.5%
AFL	C	0.5%
SO	C	0.5%
APD	A	0.5%
QCOM	F	0.5%
JKHY	D	0.5%
MTG	D	0.5%
PFG	C	0.5%
UPS	C	0.5%
RGLD	C	0.5%
JNJ	D	0.49%
LEA	F	0.49%
FLO	D	0.49%
CHE	F	0.49%
DUK	C	0.49%
SON	F	0.49%
LIN	D	0.49%
KMB	C	0.48%
KDP	D	0.48%
AOS	F	0.48%
ED	C	0.48%
IPG	F	0.48%
PPG	F	0.48%
AEP	C	0.48%
WEN	C	0.48%
SHOO	D	0.48%
ESNT	D	0.47%
AMCR	D	0.47%
HAS	D	0.47%
FMC	D	0.47%
MRK	F	0.47%
DHR	D	0.47%
WU	F	0.47%
ABBV	F	0.47%
ASH	F	0.46%
KO	D	0.46%
MAN	F	0.45%
INSW	F	0.45%
GPC	F	0.45%
HUN	F	0.44%
PII	F	0.42%
CVI	D	0.41%
CRI	F	0.4%
NEM	D	0.39%
SCCO	F	0.0%

PAPI Underweight 99 Positions Relative to VLUE

Symbol	Grade	Weight
INTC	C	-3.87%
GM	B	-3.46%
AMAT	F	-2.66%
BAC	A	-2.14%
WFC	A	-1.78%
C	B	-1.75%
F	C	-1.65%
CVS	F	-1.51%
BMY	A	-1.47%
DHI	D	-1.44%
GS	B	-1.4%
SPG	A	-1.23%
NXPI	F	-1.19%
FDX	B	-1.13%
TEL	C	-1.05%
PHM	D	-0.95%
DELL	B	-0.85%
URI	B	-0.8%
KR	B	-0.77%
PCAR	C	-0.76%
ON	F	-0.72%
WBD	B	-0.69%
COF	B	-0.65%
PCG	A	-0.6%
FANG	D	-0.6%
CNC	F	-0.58%
WY	D	-0.56%
NTAP	C	-0.54%
TFC	A	-0.52%
AIG	C	-0.49%
NUE	D	-0.48%
ZM	B	-0.47%
EXPE	B	-0.47%
USB	B	-0.47%
BK	B	-0.46%
VTRS	A	-0.45%
MET	A	-0.44%
VST	A	-0.44%
MRO	A	-0.43%
GEN	B	-0.41%
TSN	B	-0.4%
FSLR	F	-0.38%
FFIV	B	-0.37%
BLDR	D	-0.36%
OC	A	-0.35%
JNPR	D	-0.35%
WAB	B	-0.33%
TWLO	A	-0.32%
JBL	C	-0.32%
OVV	C	-0.32%
MTB	A	-0.3%
STLD	B	-0.29%
EQT	A	-0.27%
PARA	D	-0.27%
STT	B	-0.26%
SSNC	C	-0.25%
TXT	D	-0.25%
UTHR	C	-0.25%
CFG	B	-0.25%
HST	D	-0.24%
LDOS	C	-0.23%
WBA	F	-0.23%
SYF	B	-0.23%
SJM	D	-0.23%
DAL	A	-0.23%
ES	C	-0.22%
AZPN	A	-0.22%
EXE	A	-0.2%
GPN	C	-0.2%
FITB	B	-0.2%
KNX	B	-0.2%
MAA	A	-0.19%
QRVO	F	-0.19%
UHS	D	-0.18%
CNH	C	-0.17%
HBAN	B	-0.17%
EG	D	-0.16%
APA	F	-0.15%
SOLV	F	-0.15%
CF	A	-0.15%
APTV	F	-0.14%
AKAM	F	-0.14%
CPT	C	-0.13%
KEY	B	-0.13%
SW	A	-0.13%
EQH	B	-0.12%
LUV	B	-0.12%
FBIN	F	-0.12%
ACI	C	-0.12%
UHAL	D	-0.12%
L	A	-0.12%
SWK	F	-0.11%
FCNCA	A	-0.11%
NLY	C	-0.11%
ALLY	C	-0.1%
DVA	C	-0.08%
BEN	C	-0.06%
BIO	C	-0.06%
WLK	F	-0.05%