PHDG vs. FELV ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	FELV
30 Days	0.66%	4.38%
60 Days	1.51%	5.85%
90 Days	1.58%	7.57%
12 Months	18.52%	29.90%

228 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in FELV	Overlap
A	D	0.04%	0.09%	0.04%
AAPL	C	3.74%	0.19%	0.19%
ABBV	D	0.32%	0.85%	0.32%
ABT	B	0.22%	0.54%	0.22%
ACN	C	0.24%	0.34%	0.24%
ADBE	C	0.25%	0.37%	0.25%
ADI	D	0.11%	0.04%	0.04%
ADM	D	0.03%	0.1%	0.03%
ADP	B	0.13%	0.1%	0.1%
AEP	D	0.05%	0.08%	0.05%
AES	F	0.01%	0.16%	0.01%
AIZ	A	0.01%	0.11%	0.01%
ALL	A	0.06%	0.19%	0.06%
ALLE	D	0.01%	0.54%	0.01%
AMAT	F	0.17%	0.42%	0.17%
AMD	F	0.24%	0.02%	0.02%
AME	A	0.05%	0.26%	0.05%
AMGN	D	0.17%	0.15%	0.15%
AMT	D	0.1%	0.14%	0.1%
AMZN	C	2.13%	0.08%	0.08%
ANSS	B	0.03%	0.01%	0.01%
AON	A	0.09%	0.59%	0.09%
AVGO	D	0.86%	0.12%	0.12%
AXP	A	0.17%	0.2%	0.17%
BAC	A	0.33%	1.77%	0.33%
BBY	D	0.02%	0.15%	0.02%
BDX	F	0.07%	0.74%	0.07%
BIIB	F	0.03%	0.3%	0.03%
BK	A	0.06%	0.63%	0.06%
BKR	B	0.05%	0.1%	0.05%
BLDR	D	0.02%	0.01%	0.01%
BLK	C	0.16%	0.37%	0.16%
BMY	B	0.13%	0.84%	0.13%
BRK.A	B	0.92%	3.64%	0.92%
BSX	B	0.14%	0.19%	0.14%
C	A	0.14%	0.48%	0.14%
CAH	B	0.03%	0.3%	0.03%
CAT	B	0.2%	0.54%	0.2%
CCI	D	0.05%	0.57%	0.05%
CCL	B	0.03%	0.13%	0.03%
CEG	D	0.08%	0.17%	0.08%
CI	F	0.1%	0.6%	0.1%
CINF	A	0.03%	0.22%	0.03%
CL	D	0.08%	0.54%	0.08%
CLX	B	0.02%	0.25%	0.02%
CMCSA	B	0.18%	1.13%	0.18%
CME	A	0.09%	0.57%	0.09%
CMG	B	0.09%	0.07%	0.07%
CMI	A	0.05%	0.34%	0.05%
CNC	D	0.03%	0.23%	0.03%
CNP	B	0.02%	0.15%	0.02%
COF	B	0.08%	0.47%	0.08%
COP	C	0.14%	0.56%	0.14%
CRM	B	0.35%	0.22%	0.22%
CSCO	B	0.25%	1.07%	0.25%
CSGP	D	0.03%	0.04%	0.03%
CSX	B	0.07%	0.34%	0.07%
CTAS	B	0.08%	0.43%	0.08%
CTRA	B	0.02%	0.05%	0.02%
CVS	D	0.07%	0.3%	0.07%
CVX	A	0.3%	0.53%	0.3%
DD	D	0.04%	0.48%	0.04%
DELL	C	0.04%	0.08%	0.04%
DFS	B	0.05%	0.05%	0.05%
DGX	A	0.02%	0.01%	0.01%
DHI	D	0.05%	0.03%	0.03%
DHR	F	0.17%	0.17%	0.17%
DIS	B	0.21%	0.8%	0.21%
DOC	D	0.02%	0.22%	0.02%
DTE	C	0.03%	0.19%	0.03%
DUK	C	0.09%	0.28%	0.09%
DVN	F	0.03%	0.34%	0.03%
EA	A	0.04%	0.11%	0.04%
ECL	D	0.07%	0.5%	0.07%
ED	D	0.04%	0.22%	0.04%
EIX	B	0.03%	0.17%	0.03%
ELV	F	0.1%	0.11%	0.1%
EOG	A	0.08%	0.53%	0.08%
EQIX	A	0.09%	0.2%	0.09%
EQR	B	0.03%	0.17%	0.03%
ES	D	0.02%	0.13%	0.02%
ETN	A	0.16%	0.76%	0.16%
EVRG	A	0.02%	0.35%	0.02%
EW	C	0.04%	0.06%	0.04%
EXC	C	0.04%	0.24%	0.04%
F	C	0.05%	0.33%	0.05%
FANG	D	0.04%	0.09%	0.04%
FTV	C	0.03%	0.33%	0.03%
GD	F	0.08%	0.14%	0.08%
GE	D	0.21%	1.05%	0.21%
GEHC	F	0.04%	0.16%	0.04%
GEV	B	0.1%	0.28%	0.1%
GILD	C	0.12%	0.92%	0.12%
GIS	D	0.04%	0.05%	0.04%
GL	B	0.01%	0.28%	0.01%
GLW	B	0.04%	0.01%	0.01%
GPN	B	0.03%	0.09%	0.03%
GRMN	B	0.03%	0.11%	0.03%
GS	A	0.2%	0.34%	0.2%
HAL	C	0.03%	0.13%	0.03%
HD	A	0.43%	0.45%	0.43%
HON	B	0.16%	0.08%	0.08%
HPE	B	0.03%	0.21%	0.03%
HUM	C	0.04%	0.14%	0.04%
HWM	A	0.05%	0.12%	0.05%
IBM	C	0.21%	0.27%	0.21%
ICE	C	0.1%	0.18%	0.1%
IFF	D	0.02%	0.08%	0.02%
INCY	C	0.01%	0.22%	0.01%
INTC	D	0.12%	0.85%	0.12%
IQV	D	0.04%	0.17%	0.04%
ITW	B	0.08%	0.12%	0.08%
JCI	C	0.06%	0.21%	0.06%
JNJ	D	0.39%	1.02%	0.39%
JPM	A	0.74%	2.93%	0.74%
KEY	B	0.02%	0.18%	0.02%
KHC	F	0.03%	0.12%	0.03%
KLAC	D	0.09%	0.03%	0.03%
KMB	D	0.05%	0.14%	0.05%
KMI	A	0.06%	0.24%	0.06%
KR	B	0.04%	0.31%	0.04%
L	A	0.02%	0.35%	0.02%
LDOS	C	0.02%	0.47%	0.02%
LH	C	0.02%	0.08%	0.02%
LHX	C	0.05%	0.45%	0.05%
LIN	D	0.23%	0.46%	0.23%
LMT	D	0.12%	0.64%	0.12%
LOW	D	0.17%	0.07%	0.07%
MA	C	0.46%	0.28%	0.28%
MCD	D	0.23%	0.28%	0.23%
MCK	B	0.09%	0.09%	0.09%
MDLZ	F	0.09%	0.06%	0.06%
MDT	D	0.12%	0.4%	0.12%
META	D	1.36%	0.21%	0.21%
MGM	D	0.01%	0.21%	0.01%
MKC	D	0.02%	0.08%	0.02%
MMC	B	0.12%	0.38%	0.12%
MMM	D	0.08%	0.6%	0.08%
MO	A	0.1%	0.28%	0.1%
MS	A	0.18%	0.54%	0.18%
MSCI	C	0.05%	0.19%	0.05%
MSI	B	0.09%	0.2%	0.09%
MU	D	0.12%	0.86%	0.12%
NEE	D	0.17%	0.81%	0.17%
NEM	D	0.05%	0.05%	0.05%
NFLX	A	0.39%	0.19%	0.19%
NOC	D	0.07%	0.63%	0.07%
NSC	B	0.06%	0.57%	0.06%
NTAP	C	0.03%	0.12%	0.03%
NUE	C	0.04%	0.34%	0.04%
NVDA	C	3.89%	0.17%	0.17%
NWS	B	0.0%	0.03%	0.0%
NWSA	B	0.01%	0.06%	0.01%
OXY	D	0.04%	0.15%	0.04%
PCAR	B	0.07%	0.39%	0.07%
PCG	A	0.05%	0.39%	0.05%
PEG	A	0.05%	0.1%	0.05%
PFE	D	0.16%	0.85%	0.16%
PFG	D	0.02%	0.16%	0.02%
PG	A	0.42%	1.24%	0.42%
PGR	A	0.16%	0.35%	0.16%
PH	A	0.1%	0.12%	0.1%
PHM	D	0.03%	0.01%	0.01%
PKG	A	0.02%	0.13%	0.02%
PM	B	0.21%	1.31%	0.21%
PNC	B	0.09%	0.7%	0.09%
PNR	A	0.02%	0.19%	0.02%
PPG	F	0.03%	0.57%	0.03%
PRU	A	0.05%	0.17%	0.05%
PSA	D	0.06%	0.52%	0.06%
PYPL	B	0.09%	0.79%	0.09%
QCOM	F	0.2%	0.5%	0.2%
QRVO	F	0.01%	0.11%	0.01%
RCL	A	0.06%	0.15%	0.06%
REG	B	0.01%	0.07%	0.01%
RJF	A	0.03%	0.03%	0.03%
ROP	B	0.07%	0.01%	0.01%
ROST	C	0.05%	0.11%	0.05%
RSG	A	0.05%	0.66%	0.05%
RTX	C	0.17%	0.7%	0.17%
SCHW	B	0.13%	0.88%	0.13%
SO	D	0.1%	0.12%	0.1%
SOLV	C	0.01%	0.12%	0.01%
SPG	B	0.06%	0.18%	0.06%
SPGI	C	0.18%	0.63%	0.18%
STLD	B	0.02%	0.33%	0.02%
STT	A	0.03%	0.15%	0.03%
SWKS	F	0.01%	0.13%	0.01%
SYF	B	0.03%	0.03%	0.03%
SYK	C	0.14%	0.26%	0.14%
T	A	0.17%	1.02%	0.17%
TAP	C	0.01%	0.16%	0.01%
TFC	A	0.07%	0.24%	0.07%
TFX	F	0.01%	0.03%	0.01%
TGT	F	0.08%	0.01%	0.01%
TJX	A	0.15%	0.28%	0.15%
TMO	F	0.22%	0.73%	0.22%
TMUS	B	0.13%	0.56%	0.13%
TPR	B	0.01%	0.1%	0.01%
TRGP	B	0.05%	0.09%	0.05%
TRMB	B	0.02%	0.05%	0.02%
TROW	B	0.03%	0.13%	0.03%
TRV	B	0.06%	0.28%	0.06%
TT	A	0.1%	0.52%	0.1%
TXN	C	0.2%	0.16%	0.16%
TXT	D	0.02%	0.53%	0.02%
UAL	A	0.03%	0.03%	0.03%
UHS	D	0.01%	0.12%	0.01%
UNH	C	0.59%	1.57%	0.59%
UNP	C	0.15%	0.75%	0.15%
UPS	C	0.1%	0.06%	0.06%
VICI	C	0.04%	0.25%	0.04%
VLTO	D	0.03%	0.04%	0.03%
VMC	B	0.04%	0.28%	0.04%
VRTX	F	0.13%	0.09%	0.09%
VST	B	0.05%	0.07%	0.05%
VZ	C	0.19%	0.68%	0.19%
WAB	B	0.04%	0.45%	0.04%
WBD	C	0.02%	0.09%	0.02%
WDC	D	0.02%	0.14%	0.02%
WFC	A	0.27%	1.22%	0.27%
WM	A	0.09%	0.25%	0.09%
WMB	A	0.07%	0.12%	0.07%
WMT	A	0.4%	1.76%	0.4%
WTW	B	0.03%	0.26%	0.03%
XEL	A	0.04%	0.25%	0.04%
XOM	B	0.58%	2.51%	0.58%
ZBRA	B	0.02%	0.32%	0.02%

PHDG Overweight 271 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	F	3.42%
GOOGL	C	1.11%
TSLA	B	0.93%
GOOG	C	0.92%
LLY	F	0.67%
V	A	0.56%
COST	B	0.44%
ORCL	B	0.32%
MRK	F	0.27%
KO	D	0.26%
PEP	F	0.24%
NOW	A	0.23%
ISRG	A	0.21%
INTU	C	0.21%
BKNG	A	0.18%
UBER	D	0.16%
PANW	C	0.14%
BX	A	0.14%
PLTR	B	0.13%
FI	A	0.13%
CB	C	0.12%
SBUX	A	0.12%
LRCX	F	0.11%
ANET	C	0.11%
BA	F	0.11%
DE	A	0.11%
KKR	A	0.11%
PLD	D	0.11%
SHW	A	0.1%
NKE	D	0.1%
ZTS	D	0.09%
CRWD	B	0.09%
REGN	F	0.09%
CDNS	B	0.09%
SNPS	B	0.09%
APH	A	0.09%
APD	A	0.08%
ORLY	B	0.08%
TDG	D	0.08%
EMR	A	0.08%
MCO	B	0.08%
WELL	A	0.08%
USB	A	0.08%
HLT	A	0.07%
SLB	C	0.07%
FCX	D	0.07%
CARR	D	0.07%
OKE	A	0.07%
HCA	F	0.07%
AJG	B	0.07%
GM	B	0.07%
MAR	B	0.07%
FDX	B	0.07%
ADSK	A	0.07%
GWW	B	0.06%
MPC	D	0.06%
AZO	C	0.06%
PSX	C	0.06%
DLR	B	0.06%
AMP	A	0.06%
AFL	B	0.06%
URI	B	0.06%
FICO	B	0.06%
NXPI	D	0.06%
SRE	A	0.06%
ABNB	C	0.06%
FTNT	C	0.06%
ODFL	B	0.05%
COR	B	0.05%
AXON	A	0.05%
VLO	C	0.05%
KVUE	A	0.05%
PAYX	C	0.05%
FAST	B	0.05%
D	C	0.05%
PWR	A	0.05%
FIS	C	0.05%
MET	A	0.05%
AIG	B	0.05%
O	D	0.05%
CPRT	A	0.05%
ROK	B	0.04%
IRM	D	0.04%
RMD	C	0.04%
HIG	B	0.04%
EXR	D	0.04%
IDXX	F	0.04%
MCHP	D	0.04%
MTB	A	0.04%
HPQ	B	0.04%
MLM	B	0.04%
SYY	B	0.04%
ACGL	D	0.04%
KDP	D	0.04%
STZ	D	0.04%
LULU	C	0.04%
CHTR	C	0.04%
YUM	B	0.04%
MNST	C	0.04%
CTVA	C	0.04%
CBRE	B	0.04%
OTIS	C	0.04%
CTSH	B	0.04%
HES	B	0.04%
VRSK	A	0.04%
LEN	D	0.04%
IT	C	0.04%
IR	B	0.04%
DAL	C	0.04%
SBAC	D	0.03%
HUBB	B	0.03%
AEE	A	0.03%
RF	A	0.03%
CDW	F	0.03%
PPL	B	0.03%
WST	C	0.03%
SW	A	0.03%
EQT	B	0.03%
HBAN	A	0.03%
AWK	D	0.03%
CPAY	A	0.03%
BRO	B	0.03%
GDDY	A	0.03%
TYL	B	0.03%
VTR	C	0.03%
MTD	D	0.03%
CHD	B	0.03%
HSY	F	0.03%
BR	A	0.03%
KEYS	A	0.03%
DECK	A	0.03%
DOV	A	0.03%
MPWR	F	0.03%
ON	D	0.03%
NVR	D	0.03%
TTWO	A	0.03%
XYL	D	0.03%
TSCO	D	0.03%
DXCM	D	0.03%
WEC	A	0.03%
EBAY	D	0.03%
DOW	F	0.03%
ETR	B	0.03%
FITB	A	0.03%
NDAQ	A	0.03%
EFX	F	0.03%
AVB	B	0.03%
EPAM	C	0.02%
NDSN	B	0.02%
ROL	B	0.02%
FFIV	B	0.02%
RVTY	F	0.02%
APTV	D	0.02%
JBL	B	0.02%
AMCR	D	0.02%
JBHT	C	0.02%
VTRS	A	0.02%
EL	F	0.02%
LNT	A	0.02%
DPZ	C	0.02%
CF	B	0.02%
VRSN	F	0.02%
ALGN	D	0.02%
EG	C	0.02%
MRO	B	0.02%
AVY	D	0.02%
NI	A	0.02%
BAX	D	0.02%
GEN	B	0.02%
KIM	A	0.02%
ARE	D	0.02%
DG	F	0.02%
EXPD	D	0.02%
LVS	C	0.02%
GPC	D	0.02%
MAS	D	0.02%
TER	D	0.02%
IEX	B	0.02%
J	F	0.02%
WRB	A	0.02%
MOH	F	0.02%
HOLX	D	0.02%
ULTA	F	0.02%
TSN	B	0.02%
PODD	C	0.02%
MAA	B	0.02%
BALL	D	0.02%
SNA	A	0.02%
NRG	B	0.02%
FDS	B	0.02%
INVH	D	0.02%
ESS	B	0.02%
LUV	C	0.02%
IP	B	0.02%
DRI	B	0.02%
CMS	C	0.02%
LYV	A	0.02%
STX	D	0.02%
OMC	C	0.02%
CBOE	B	0.02%
CFG	B	0.02%
FSLR	F	0.02%
FE	C	0.02%
NTRS	A	0.02%
LYB	F	0.02%
K	A	0.02%
STE	F	0.02%
ZBH	C	0.02%
TDY	B	0.02%
WAT	B	0.02%
ATO	A	0.02%
WY	D	0.02%
EXPE	B	0.02%
PTC	A	0.02%
FOX	A	0.01%
WBA	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%
HII	D	0.01%
BWA	D	0.01%
IVZ	B	0.01%
CE	F	0.01%
MTCH	D	0.01%
HAS	D	0.01%
APA	D	0.01%
MOS	F	0.01%
HSIC	B	0.01%
CZR	F	0.01%
RL	B	0.01%
FRT	B	0.01%
ENPH	F	0.01%
WYNN	D	0.01%
AOS	F	0.01%
CPB	D	0.01%
HRL	D	0.01%
SMCI	F	0.01%
MKTX	D	0.01%
CRL	C	0.01%
ERIE	D	0.01%
LKQ	D	0.01%
PNW	B	0.01%
CTLT	B	0.01%
FOXA	B	0.01%
IPG	D	0.01%
PAYC	B	0.01%
GNRC	B	0.01%
TECH	D	0.01%
LW	C	0.01%
BXP	D	0.01%
NCLH	B	0.01%
SJM	D	0.01%
EMN	D	0.01%
ALB	C	0.01%
DAY	B	0.01%
KMX	B	0.01%
HST	C	0.01%
BG	F	0.01%
JKHY	D	0.01%
JNPR	F	0.01%
CPT	B	0.01%
CHRW	C	0.01%
CAG	D	0.01%
SWK	D	0.01%
DLTR	F	0.01%
UDR	B	0.01%
AKAM	D	0.01%
MRNA	F	0.01%
POOL	C	0.01%

PHDG Underweight 104 Positions Relative to FELV

Symbol	Grade	Weight
SQ	B	-0.7%
CVNA	B	-0.62%
SEIC	B	-0.58%
ZM	B	-0.52%
SSNC	B	-0.5%
CACI	D	-0.46%
DBX	B	-0.42%
UNM	A	-0.38%
IGT	F	-0.36%
EXEL	B	-0.35%
TPH	D	-0.35%
BRX	A	-0.35%
LPX	B	-0.33%
TWLO	A	-0.3%
FR	C	-0.28%
VEEV	C	-0.28%
TOL	B	-0.28%
ANF	C	-0.28%
TDC	D	-0.27%
GAP	C	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
SKYW	B	-0.21%
VMI	B	-0.2%
USFD	A	-0.19%
FTI	A	-0.19%
ITT	A	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
ILMN	D	-0.15%
JXN	C	-0.15%
WDAY	B	-0.13%
EEFT	B	-0.12%
BLD	D	-0.11%
ENS	D	-0.11%
BCC	B	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
ADTN	A	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
CNO	A	-0.09%
MTDR	B	-0.09%
KD	B	-0.09%
ACT	D	-0.09%
CRUS	D	-0.09%
TENB	C	-0.08%
DASH	A	-0.08%
BBWI	D	-0.08%
ALRM	C	-0.08%
BYD	C	-0.07%
LYFT	C	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
SAM	C	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
AM	A	-0.04%
INGR	B	-0.04%
VAC	B	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
ALKS	B	-0.03%
MATX	C	-0.03%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
M	D	-0.01%