PHDG vs. HYBB ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to iShares BB Rated Corporate Bond ETF (HYBB)

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

$38.29

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.59

Average Daily Volume

53,763

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	HYBB
30 Days	-1.45%	0.53%
60 Days	1.30%	-1.00%
90 Days	1.18%	0.13%
12 Months	18.05%	7.77%

42 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in HYBB	Overlap
AES	F	0.01%	0.05%	0.01%
AIZ	A	0.01%	0.06%	0.01%
BALL	F	0.02%	0.1%	0.02%
BLDR	D	0.02%	0.08%	0.02%
CCL	A	0.03%	0.29%	0.03%
CHTR	C	0.04%	0.06%	0.04%
CRL	D	0.01%	0.06%	0.01%
CRWD	B	0.09%	0.1%	0.09%
CZR	F	0.01%	0.22%	0.01%
DTE	C	0.03%	0.11%	0.03%
DVA	C	0.01%	0.14%	0.01%
EIX	B	0.03%	0.07%	0.03%
GDDY	A	0.03%	0.09%	0.03%
GEN	B	0.02%	0.09%	0.02%
HLT	A	0.07%	0.07%	0.07%
HOLX	D	0.02%	0.06%	0.02%
IQV	F	0.04%	0.08%	0.04%
IRM	C	0.04%	0.07%	0.04%
LW	C	0.01%	0.08%	0.01%
LYV	A	0.02%	0.07%	0.02%
MGM	D	0.01%	0.06%	0.01%
MOH	F	0.02%	0.09%	0.02%
NCLH	B	0.01%	0.07%	0.01%
NRG	B	0.02%	0.06%	0.02%
NWSA	A	0.01%	0.07%	0.01%
ON	D	0.03%	0.1%	0.03%
PARA	C	0.01%	0.08%	0.01%
PCG	A	0.05%	0.14%	0.05%
PTC	B	0.02%	0.07%	0.02%
RCL	A	0.06%	0.04%	0.04%
SBAC	D	0.03%	0.2%	0.03%
STX	C	0.02%	0.04%	0.02%
SYF	B	0.03%	0.11%	0.03%
TDG	D	0.08%	0.16%	0.08%
TFX	F	0.01%	0.07%	0.01%
UAL	A	0.03%	0.27%	0.03%
URI	C	0.06%	0.07%	0.06%
VST	A	0.05%	0.15%	0.05%
WBA	F	0.01%	0.03%	0.01%
WDC	D	0.02%	0.33%	0.02%
YUM	D	0.04%	0.04%	0.04%
ZBRA	B	0.02%	0.08%	0.02%

PHDG Overweight 457 Positions Relative to HYBB

Symbol	Grade	Weight
NVDA	B	3.89%
AAPL	C	3.74%
MSFT	D	3.42%
AMZN	C	2.13%
META	D	1.36%
GOOGL	C	1.11%
TSLA	B	0.93%
GOOG	C	0.92%
BRK.A	B	0.92%
AVGO	D	0.86%
JPM	A	0.74%
LLY	F	0.67%
UNH	B	0.59%
XOM	B	0.58%
V	A	0.56%
MA	B	0.46%
COST	A	0.44%
HD	B	0.43%
PG	C	0.42%
WMT	A	0.4%
NFLX	A	0.39%
JNJ	C	0.39%
CRM	B	0.35%
BAC	A	0.33%
ORCL	A	0.32%
ABBV	F	0.32%
CVX	A	0.3%
WFC	A	0.27%
MRK	D	0.27%
KO	D	0.26%
CSCO	B	0.25%
ADBE	C	0.25%
AMD	F	0.24%
PEP	F	0.24%
ACN	B	0.24%
MCD	D	0.23%
NOW	A	0.23%
LIN	C	0.23%
ABT	B	0.22%
TMO	F	0.22%
ISRG	A	0.21%
IBM	C	0.21%
GE	D	0.21%
INTU	B	0.21%
DIS	B	0.21%
PM	B	0.21%
QCOM	F	0.2%
GS	A	0.2%
CAT	B	0.2%
TXN	C	0.2%
VZ	C	0.19%
SPGI	C	0.18%
MS	A	0.18%
CMCSA	B	0.18%
BKNG	A	0.18%
DHR	F	0.17%
AMAT	F	0.17%
LOW	C	0.17%
NEE	C	0.17%
RTX	D	0.17%
AMGN	F	0.17%
T	A	0.17%
AXP	A	0.17%
ETN	A	0.16%
BLK	B	0.16%
PFE	F	0.16%
UBER	F	0.16%
HON	C	0.16%
PGR	A	0.16%
TJX	A	0.15%
UNP	C	0.15%
PANW	B	0.14%
BSX	A	0.14%
C	A	0.14%
BX	A	0.14%
COP	C	0.14%
SYK	B	0.14%
TMUS	B	0.13%
BMY	B	0.13%
PLTR	B	0.13%
SCHW	B	0.13%
FI	A	0.13%
ADP	A	0.13%
VRTX	D	0.13%
INTC	C	0.12%
CB	C	0.12%
MMC	B	0.12%
MU	D	0.12%
MDT	D	0.12%
SBUX	A	0.12%
LMT	D	0.12%
GILD	C	0.12%
LRCX	F	0.11%
ANET	C	0.11%
BA	F	0.11%
DE	B	0.11%
KKR	A	0.11%
ADI	D	0.11%
PLD	F	0.11%
PH	A	0.1%
GEV	B	0.1%
ICE	C	0.1%
SHW	B	0.1%
CI	D	0.1%
AMT	C	0.1%
NKE	F	0.1%
TT	A	0.1%
ELV	F	0.1%
MO	A	0.1%
SO	C	0.1%
UPS	C	0.1%
ZTS	D	0.09%
MCK	A	0.09%
CME	B	0.09%
WM	B	0.09%
AON	A	0.09%
CMG	B	0.09%
MSI	B	0.09%
PNC	B	0.09%
REGN	F	0.09%
CDNS	B	0.09%
SNPS	B	0.09%
DUK	C	0.09%
EQIX	A	0.09%
KLAC	F	0.09%
APH	A	0.09%
MDLZ	F	0.09%
PYPL	B	0.09%
COF	C	0.08%
APD	A	0.08%
CEG	C	0.08%
TGT	F	0.08%
ORLY	B	0.08%
MMM	D	0.08%
ITW	B	0.08%
EMR	B	0.08%
CTAS	B	0.08%
CL	D	0.08%
GD	D	0.08%
MCO	B	0.08%
EOG	A	0.08%
WELL	A	0.08%
USB	A	0.08%
PCAR	B	0.07%
ROP	B	0.07%
SLB	C	0.07%
TFC	A	0.07%
FCX	F	0.07%
ECL	D	0.07%
CARR	C	0.07%
OKE	A	0.07%
HCA	F	0.07%
AJG	A	0.07%
GM	C	0.07%
BDX	F	0.07%
MAR	A	0.07%
FDX	B	0.07%
ADSK	A	0.07%
WMB	A	0.07%
NOC	D	0.07%
CSX	C	0.07%
CVS	D	0.07%
ALL	A	0.06%
KMI	A	0.06%
PSA	C	0.06%
GWW	B	0.06%
MPC	D	0.06%
AZO	C	0.06%
PSX	C	0.06%
SPG	A	0.06%
DLR	B	0.06%
AMP	A	0.06%
AFL	B	0.06%
FICO	B	0.06%
JCI	B	0.06%
NXPI	D	0.06%
BK	A	0.06%
SRE	A	0.06%
TRV	B	0.06%
ABNB	C	0.06%
NSC	B	0.06%
FTNT	C	0.06%
TRGP	A	0.05%
ODFL	C	0.05%
COR	B	0.05%
RSG	A	0.05%
BKR	A	0.05%
F	C	0.05%
PEG	A	0.05%
AXON	A	0.05%
DFS	B	0.05%
KMB	C	0.05%
CCI	C	0.05%
VLO	C	0.05%
PRU	A	0.05%
AME	A	0.05%
KVUE	A	0.05%
HWM	A	0.05%
NEM	D	0.05%
PAYX	B	0.05%
FAST	B	0.05%
LHX	C	0.05%
D	C	0.05%
ROST	D	0.05%
PWR	A	0.05%
MSCI	C	0.05%
DHI	F	0.05%
FIS	C	0.05%
MET	A	0.05%
AIG	B	0.05%
O	C	0.05%
AEP	C	0.05%
CMI	A	0.05%
CPRT	B	0.05%
ROK	C	0.04%
VICI	C	0.04%
ED	C	0.04%
HUM	C	0.04%
RMD	C	0.04%
OXY	D	0.04%
HIG	B	0.04%
FANG	C	0.04%
WAB	B	0.04%
EXR	C	0.04%
DD	C	0.04%
NUE	C	0.04%
IDXX	F	0.04%
MCHP	F	0.04%
MTB	A	0.04%
HPQ	B	0.04%
GIS	D	0.04%
MLM	C	0.04%
GLW	B	0.04%
SYY	D	0.04%
VMC	B	0.04%
ACGL	C	0.04%
KDP	F	0.04%
GEHC	D	0.04%
STZ	D	0.04%
A	D	0.04%
LULU	C	0.04%
EXC	C	0.04%
XEL	A	0.04%
DELL	B	0.04%
KR	B	0.04%
MNST	C	0.04%
EA	A	0.04%
CTVA	C	0.04%
CBRE	B	0.04%
EW	C	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	B	0.04%
CINF	A	0.03%
HUBB	B	0.03%
AEE	A	0.03%
BIIB	F	0.03%
RF	A	0.03%
CDW	F	0.03%
NTAP	C	0.03%
PPL	A	0.03%
WST	C	0.03%
DVN	F	0.03%
SW	A	0.03%
EQR	C	0.03%
ADM	D	0.03%
VLTO	C	0.03%
EQT	B	0.03%
HBAN	A	0.03%
AWK	C	0.03%
CPAY	A	0.03%
BRO	B	0.03%
TYL	B	0.03%
VTR	B	0.03%
MTD	F	0.03%
CHD	A	0.03%
HSY	F	0.03%
FTV	C	0.03%
BR	A	0.03%
HAL	C	0.03%
TROW	B	0.03%
PHM	D	0.03%
KEYS	A	0.03%
DECK	A	0.03%
DOV	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
STT	B	0.03%
MPWR	F	0.03%
NVR	D	0.03%
PPG	F	0.03%
GPN	B	0.03%
CAH	B	0.03%
TTWO	A	0.03%
XYL	D	0.03%
ANSS	B	0.03%
RJF	A	0.03%
TSCO	D	0.03%
DXCM	C	0.03%
WEC	A	0.03%
EBAY	D	0.03%
CSGP	D	0.03%
CNC	D	0.03%
DOW	F	0.03%
ETR	B	0.03%
WTW	B	0.03%
FITB	B	0.03%
NDAQ	A	0.03%
EFX	F	0.03%
AVB	B	0.03%
GRMN	B	0.03%
EPAM	B	0.02%
NDSN	B	0.02%
ROL	B	0.02%
FFIV	B	0.02%
RVTY	F	0.02%
APTV	F	0.02%
EVRG	A	0.02%
JBL	C	0.02%
AMCR	C	0.02%
JBHT	C	0.02%
DOC	C	0.02%
VTRS	A	0.02%
L	A	0.02%
EL	F	0.02%
LNT	A	0.02%
DPZ	C	0.02%
CF	A	0.02%
VRSN	C	0.02%
ALGN	D	0.02%
EG	C	0.02%
TXT	D	0.02%
MRO	B	0.02%
AVY	F	0.02%
NI	A	0.02%
BAX	F	0.02%
KIM	A	0.02%
ARE	F	0.02%
DG	F	0.02%
EXPD	C	0.02%
LVS	B	0.02%
GPC	D	0.02%
MAS	D	0.02%
TRMB	B	0.02%
TER	F	0.02%
IEX	C	0.02%
DGX	A	0.02%
PNR	A	0.02%
J	D	0.02%
KEY	B	0.02%
WRB	A	0.02%
BBY	D	0.02%
ULTA	F	0.02%
TSN	B	0.02%
PODD	C	0.02%
PFG	D	0.02%
MAA	B	0.02%
CTRA	B	0.02%
SNA	A	0.02%
MKC	C	0.02%
FDS	B	0.02%
INVH	D	0.02%
ESS	B	0.02%
LUV	C	0.02%
CNP	A	0.02%
IP	A	0.02%
STLD	B	0.02%
DRI	B	0.02%
LH	B	0.02%
CMS	C	0.02%
OMC	C	0.02%
CLX	A	0.02%
CBOE	C	0.02%
CFG	B	0.02%
FSLR	F	0.02%
FE	C	0.02%
PKG	A	0.02%
NTRS	A	0.02%
LYB	F	0.02%
K	A	0.02%
STE	D	0.02%
ES	C	0.02%
WBD	B	0.02%
ZBH	C	0.02%
TDY	B	0.02%
WAT	C	0.02%
ATO	A	0.02%
WY	F	0.02%
LDOS	C	0.02%
EXPE	B	0.02%
IFF	D	0.02%
FOX	A	0.01%
QRVO	F	0.01%
BEN	C	0.01%
FMC	D	0.01%
MHK	D	0.01%
HII	F	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	C	0.01%
RL	C	0.01%
FRT	B	0.01%
ENPH	F	0.01%
WYNN	C	0.01%
AOS	F	0.01%
CPB	D	0.01%
HRL	D	0.01%
SMCI	F	0.01%
SOLV	D	0.01%
GL	C	0.01%
MKTX	D	0.01%
ERIE	D	0.01%
LKQ	F	0.01%
PNW	A	0.01%
CTLT	C	0.01%
FOXA	A	0.01%
IPG	D	0.01%
PAYC	B	0.01%
TAP	C	0.01%
GNRC	C	0.01%
TECH	F	0.01%
BXP	C	0.01%
SJM	D	0.01%
EMN	C	0.01%
UHS	D	0.01%
ALB	B	0.01%
REG	A	0.01%
DAY	B	0.01%
KMX	B	0.01%
HST	C	0.01%
ALLE	C	0.01%
INCY	C	0.01%
BG	D	0.01%
JKHY	D	0.01%
JNPR	D	0.01%
CPT	B	0.01%
CHRW	B	0.01%
CAG	F	0.01%
SWK	D	0.01%
DLTR	F	0.01%
TPR	B	0.01%
UDR	B	0.01%
AKAM	D	0.01%
SWKS	F	0.01%
MRNA	F	0.01%
POOL	C	0.01%
NWS	A	0.0%

PHDG Underweight 215 Positions Relative to HYBB

Symbol	Grade	Weight
JBLU	F	-0.3%
INGM	F	-0.29%
WFRD	D	-0.25%
GTLS	A	-0.23%
GTN	F	-0.2%
TLN	A	-0.19%
JAZZ	B	-0.19%
VAL	F	-0.17%
POST	C	-0.15%
SIRI	C	-0.14%
COHR	B	-0.14%
PFGC	B	-0.14%
BFH	C	-0.14%
ACM	B	-0.14%
NXST	C	-0.13%
RBLX	C	-0.13%
SQ	A	-0.13%
AMCX	C	-0.13%
HLF	C	-0.12%
KNTK	A	-0.12%
HRI	C	-0.12%
BYD	B	-0.12%
ESI	B	-0.12%
WCC	B	-0.12%
HGV	C	-0.12%
VRT	B	-0.12%
HTZ	C	-0.12%
IGT	F	-0.11%
W	D	-0.11%
AVTR	F	-0.11%
ESAB	C	-0.11%
AAL	B	-0.11%
USM	B	-0.1%
TPX	B	-0.1%
SBH	C	-0.1%
GAP	C	-0.1%
ADT	C	-0.1%
TRN	B	-0.1%
TEX	F	-0.09%
VSAT	F	-0.09%
WAL	B	-0.09%
SLGN	A	-0.09%
ASGN	F	-0.09%
PK	C	-0.09%
FTRE	D	-0.09%
AVNT	B	-0.09%
AIR	B	-0.09%
CWK	C	-0.09%
IEP	F	-0.09%
AM	A	-0.09%
ATSG	B	-0.09%
MTN	C	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
THO	B	-0.08%
CRI	F	-0.08%
ACI	C	-0.08%
XPO	B	-0.08%
GNL	F	-0.08%
AMKR	D	-0.08%
NEP	F	-0.08%
SLM	A	-0.08%
OGN	F	-0.08%
ESTC	C	-0.08%
WH	B	-0.08%
FLR	B	-0.08%
ACCO	C	-0.08%
AXTA	B	-0.08%
LADR	B	-0.08%
OUT	A	-0.08%
SRCL	B	-0.08%
PPC	C	-0.08%
DO	D	-0.08%
CXW	C	-0.08%
ECPG	C	-0.08%
ALGT	B	-0.08%
HHH	B	-0.08%
NMRK	C	-0.08%
MTDR	B	-0.08%
SNEX	B	-0.08%
SCI	B	-0.08%
THC	D	-0.08%
RNG	C	-0.07%
MD	C	-0.07%
KFY	B	-0.07%
SAH	C	-0.07%
RLJ	C	-0.07%
LAD	A	-0.07%
COOP	B	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	B	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
FTAI	A	-0.07%
GHC	B	-0.07%
PHIN	A	-0.07%
TNET	F	-0.07%
PAG	B	-0.07%
COTY	F	-0.07%
NAVI	F	-0.07%
OLN	F	-0.07%
EPC	F	-0.07%
SCS	C	-0.07%
DAR	C	-0.07%
ALLY	C	-0.07%
GPI	B	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
NGVT	B	-0.07%
UA	C	-0.07%
PFSI	C	-0.07%
BWXT	B	-0.06%
HLX	B	-0.06%
TCBI	C	-0.06%
ST	F	-0.06%
CIEN	C	-0.06%
MTX	B	-0.06%
TMHC	C	-0.06%
SM	B	-0.06%
CACC	D	-0.06%
WMS	F	-0.06%
SEE	C	-0.06%
CIVI	D	-0.06%
PBH	A	-0.06%
BCC	B	-0.06%
RXO	D	-0.06%
TRS	B	-0.06%
HESM	B	-0.06%
TTMI	C	-0.06%
CCOI	B	-0.06%
AA	A	-0.06%
ATKR	D	-0.06%
NWL	C	-0.06%
CNX	A	-0.06%
VSTO	A	-0.06%
TWLO	A	-0.06%
VNOM	A	-0.06%
RHP	B	-0.06%
CCK	D	-0.06%
LEVI	F	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	F	-0.06%
RRC	B	-0.06%
SXC	A	-0.06%
MUR	D	-0.05%
VNO	C	-0.05%
DFH	D	-0.05%
OII	B	-0.05%
DAN	D	-0.05%
CLF	F	-0.05%
ASH	F	-0.05%
AMN	F	-0.05%
PR	B	-0.05%
STWD	C	-0.05%
WGO	C	-0.05%
JWN	D	-0.05%
CRS	B	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
ALSN	B	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	C	-0.05%
FL	F	-0.05%
ENTG	D	-0.05%
ABG	C	-0.05%
LAMR	C	-0.05%
SUN	B	-0.05%
EHC	B	-0.05%
LPX	B	-0.05%
BLD	D	-0.05%
AR	B	-0.05%
FOUR	A	-0.05%
BXMT	C	-0.05%
CMC	B	-0.04%
REZI	A	-0.04%
CLH	C	-0.04%
FUL	F	-0.04%
CXT	C	-0.04%
KBR	F	-0.04%
PRGO	C	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
FOR	F	-0.04%
MUSA	B	-0.04%
SPR	D	-0.04%
GNW	A	-0.04%
ENS	F	-0.04%
LGIH	F	-0.04%
X	B	-0.04%
GPK	C	-0.04%
IMKTA	C	-0.04%
VLY	B	-0.04%
VFC	C	-0.04%
BDN	C	-0.04%
PRAA	D	-0.04%
CENT	C	-0.04%
KSS	F	-0.04%
BBWI	C	-0.04%
TNL	A	-0.04%
HI	C	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
CHRD	D	-0.04%
CSTM	F	-0.03%
BERY	C	-0.03%
AAP	D	-0.03%
OMF	A	-0.03%
M	F	-0.02%