PHDG vs. IVE ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to iShares S&P 500 Value ETF (IVE)

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

$38.41

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

IVE

iShares S&P 500 Value ETF

IVE Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. 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 S&P 500® Value Index (the "underlying index"), which measures the performance of the large-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$203.59

Average Daily Volume

506,882

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	IVE
30 Days	-1.45%	1.87%
60 Days	1.30%	3.64%
90 Days	1.18%	5.23%
12 Months	18.05%	25.71%

433 Overlapping Holdings

	Symbol	Grade	Weight in PHDG	Weight in IVE	Overlap
	A	D	0.04%	0.17%	0.04%
	ABBV	F	0.32%	0.86%	0.32%
	ABNB	C	0.06%	0.14%	0.06%
	ABT	B	0.22%	0.95%	0.22%
	ACN	B	0.24%	0.48%	0.24%
	ADI	D	0.11%	0.2%	0.11%
	ADM	D	0.03%	0.12%	0.03%
	ADP	A	0.13%	0.35%	0.13%
	ADSK	A	0.07%	0.15%	0.07%
	AEE	A	0.03%	0.11%	0.03%
	AEP	C	0.05%	0.24%	0.05%
	AES	F	0.01%	0.05%	0.01%
	AFL	B	0.06%	0.26%	0.06%
	AIG	B	0.05%	0.23%	0.05%
	AIZ	A	0.01%	0.05%	0.01%
	AJG	A	0.07%	0.15%	0.07%
	AKAM	D	0.01%	0.03%	0.01%
	ALB	B	0.01%	0.06%	0.01%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.06%	0.24%	0.06%
	ALLE	C	0.01%	0.04%	0.01%
	AMCR	C	0.02%	0.07%	0.02%
	AME	A	0.05%	0.11%	0.05%
	AMGN	F	0.17%	0.72%	0.17%
	AMP	A	0.06%	0.12%	0.06%
	AMT	C	0.1%	0.25%	0.1%
	ANSS	B	0.03%	0.06%	0.03%
	AON	A	0.09%	0.19%	0.09%
	AOS	F	0.01%	0.02%	0.01%
	APD	A	0.08%	0.33%	0.08%
	APH	A	0.09%	0.18%	0.09%
	APTV	F	0.02%	0.07%	0.02%
	ARE	F	0.02%	0.08%	0.02%
	ATO	A	0.02%	0.11%	0.02%
	AVB	B	0.03%	0.15%	0.03%
	AVY	F	0.02%	0.07%	0.02%
	AWK	C	0.03%	0.12%	0.03%
	AXP	A	0.17%	0.23%	0.17%
	AZO	C	0.06%	0.08%	0.06%
	BA	F	0.11%	0.27%	0.11%
	BAC	A	0.33%	1.48%	0.33%
	BALL	F	0.02%	0.09%	0.02%
	BAX	F	0.02%	0.08%	0.02%
	BBY	D	0.02%	0.09%	0.02%
	BDX	F	0.07%	0.31%	0.07%
	BEN	C	0.01%	0.03%	0.01%
	BG	D	0.01%	0.06%	0.01%
	BIIB	F	0.03%	0.11%	0.03%
	BK	A	0.06%	0.27%	0.06%
	BKR	A	0.05%	0.2%	0.05%
	BLK	B	0.16%	0.68%	0.16%
	BMY	B	0.13%	0.54%	0.13%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	B	0.92%	4.04%	0.92%
	BRO	B	0.03%	0.03%	0.03%
	BSX	A	0.14%	0.27%	0.14%
	BWA	D	0.01%	0.04%	0.01%
	BX	A	0.14%	0.17%	0.14%
	BXP	C	0.01%	0.05%	0.01%
	C	A	0.14%	0.62%	0.14%
	CAG	F	0.01%	0.06%	0.01%
	CAH	B	0.03%	0.14%	0.03%
	CARR	C	0.07%	0.15%	0.07%
	CAT	B	0.2%	0.37%	0.2%
	CB	C	0.12%	0.51%	0.12%
	CBOE	C	0.02%	0.04%	0.02%
	CBRE	B	0.04%	0.18%	0.04%
	CCI	C	0.05%	0.21%	0.05%
	CCL	A	0.03%	0.03%	0.03%
	CDW	F	0.03%	0.06%	0.03%
	CEG	C	0.08%	0.18%	0.08%
	CF	A	0.02%	0.03%	0.02%
	CFG	B	0.02%	0.1%	0.02%
	CHD	A	0.03%	0.07%	0.03%
	CHRW	B	0.01%	0.06%	0.01%
	CHTR	C	0.04%	0.1%	0.04%
	CI	D	0.1%	0.42%	0.1%
	CINF	A	0.03%	0.11%	0.03%
	CL	D	0.08%	0.22%	0.08%
	CLX	A	0.02%	0.1%	0.02%
	CMCSA	B	0.18%	0.78%	0.18%
	CME	B	0.09%	0.24%	0.09%
	CMI	A	0.05%	0.23%	0.05%
	CMS	C	0.02%	0.1%	0.02%
	CNC	D	0.03%	0.14%	0.03%
	CNP	A	0.02%	0.09%	0.02%
	COF	C	0.08%	0.33%	0.08%
	COP	C	0.14%	0.19%	0.14%
	COR	B	0.05%	0.2%	0.05%
	COST	A	0.44%	1.09%	0.44%
	CPB	D	0.01%	0.04%	0.01%
	CPT	B	0.01%	0.06%	0.01%
	CRL	D	0.01%	0.05%	0.01%
	CSCO	B	0.25%	1.09%	0.25%
	CSGP	D	0.03%	0.08%	0.03%
	CSX	C	0.07%	0.16%	0.07%
	CTAS	B	0.08%	0.16%	0.08%
	CTLT	C	0.01%	0.05%	0.01%
	CTRA	B	0.02%	0.03%	0.02%
	CTSH	B	0.04%	0.18%	0.04%
	CTVA	C	0.04%	0.18%	0.04%
	CVS	D	0.07%	0.31%	0.07%
	CVX	A	0.3%	1.29%	0.3%
	CZR	F	0.01%	0.02%	0.01%
	D	C	0.05%	0.23%	0.05%
	DAL	B	0.04%	0.09%	0.04%
	DAY	B	0.01%	0.03%	0.01%
	DD	C	0.04%	0.16%	0.04%
	DE	B	0.11%	0.21%	0.11%
	DELL	B	0.04%	0.08%	0.04%
	DFS	B	0.05%	0.1%	0.05%
	DG	F	0.02%	0.08%	0.02%
	DGX	A	0.02%	0.08%	0.02%
	DHR	F	0.17%	0.7%	0.17%
	DIS	B	0.21%	0.98%	0.21%
	DLR	B	0.06%	0.15%	0.06%
	DLTR	F	0.01%	0.06%	0.01%
	DOC	C	0.02%	0.07%	0.02%
	DOV	A	0.03%	0.13%	0.03%
	DOW	F	0.03%	0.15%	0.03%
	DPZ	C	0.02%	0.04%	0.02%
	DRI	B	0.02%	0.04%	0.02%
	DTE	C	0.03%	0.12%	0.03%
	DUK	C	0.09%	0.41%	0.09%
	DVA	C	0.01%	0.02%	0.01%
	DVN	F	0.03%	0.11%	0.03%
	DXCM	C	0.03%	0.06%	0.03%
	EA	A	0.04%	0.1%	0.04%
	EBAY	D	0.03%	0.14%	0.03%
	ECL	D	0.07%	0.14%	0.07%
	ED	C	0.04%	0.16%	0.04%
	EFX	F	0.03%	0.09%	0.03%
	EG	C	0.02%	0.08%	0.02%
	EIX	B	0.03%	0.15%	0.03%
	EL	F	0.02%	0.07%	0.02%
	ELV	F	0.1%	0.44%	0.1%
	EMN	C	0.01%	0.06%	0.01%
	EMR	B	0.08%	0.34%	0.08%
	ENPH	F	0.01%	0.02%	0.01%
	EOG	A	0.08%	0.12%	0.08%
	EPAM	B	0.02%	0.04%	0.02%
	EQIX	A	0.09%	0.21%	0.09%
	EQR	C	0.03%	0.12%	0.03%
	EQT	B	0.03%	0.12%	0.03%
	ERIE	D	0.01%	0.02%	0.01%
	ES	C	0.02%	0.1%	0.02%
	ESS	B	0.02%	0.09%	0.02%
	ETN	A	0.16%	0.26%	0.16%
	ETR	B	0.03%	0.15%	0.03%
	EVRG	A	0.02%	0.07%	0.02%
	EW	C	0.04%	0.12%	0.04%
	EXC	C	0.04%	0.18%	0.04%
	EXPD	C	0.02%	0.05%	0.02%
	EXR	C	0.04%	0.16%	0.04%
	F	C	0.05%	0.2%	0.05%
	FAST	B	0.05%	0.11%	0.05%
	FCX	F	0.07%	0.14%	0.07%
	FDS	B	0.02%	0.05%	0.02%
	FDX	B	0.07%	0.31%	0.07%
	FE	C	0.02%	0.1%	0.02%
	FFIV	B	0.02%	0.07%	0.02%
	FI	A	0.13%	0.27%	0.13%
	FIS	C	0.05%	0.23%	0.05%
	FITB	B	0.03%	0.15%	0.03%
	FMC	D	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.03%	0.01%
	FOXA	A	0.01%	0.05%	0.01%
	FRT	B	0.01%	0.04%	0.01%
	FSLR	F	0.02%	0.1%	0.02%
	GD	D	0.08%	0.35%	0.08%
	GE	D	0.21%	0.51%	0.21%
	GEHC	D	0.04%	0.18%	0.04%
	GEN	B	0.02%	0.08%	0.02%
	GEV	B	0.1%	0.24%	0.1%
	GILD	C	0.12%	0.52%	0.12%
	GIS	D	0.04%	0.16%	0.04%
	GL	C	0.01%	0.05%	0.01%
	GLW	B	0.04%	0.17%	0.04%
	GM	C	0.07%	0.3%	0.07%
	GNRC	C	0.01%	0.02%	0.01%
	GPC	D	0.02%	0.08%	0.02%
	GPN	B	0.03%	0.14%	0.03%
	GRMN	B	0.03%	0.07%	0.03%
	GS	A	0.2%	0.88%	0.2%
	GWW	B	0.06%	0.06%	0.06%
	HAL	C	0.03%	0.12%	0.03%
	HAS	D	0.01%	0.04%	0.01%
	HBAN	A	0.03%	0.12%	0.03%
	HCA	F	0.07%	0.16%	0.07%
	HD	B	0.43%	1.2%	0.43%
	HIG	B	0.04%	0.16%	0.04%
	HII	F	0.01%	0.04%	0.01%
	HOLX	D	0.02%	0.09%	0.02%
	HON	C	0.16%	0.7%	0.16%
	HPE	B	0.03%	0.13%	0.03%
	HPQ	B	0.04%	0.17%	0.04%
	HRL	D	0.01%	0.04%	0.01%
	HSIC	C	0.01%	0.04%	0.01%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.03%	0.07%	0.03%
	HUBB	B	0.03%	0.06%	0.03%
	HUM	C	0.04%	0.16%	0.04%
	HWM	A	0.05%	0.09%	0.05%
	IBM	C	0.21%	0.89%	0.21%
	ICE	C	0.1%	0.42%	0.1%
	IDXX	F	0.04%	0.07%	0.04%
	IEX	C	0.02%	0.08%	0.02%
	IFF	D	0.02%	0.1%	0.02%
	INCY	C	0.01%	0.06%	0.01%
	INTC	C	0.12%	0.49%	0.12%
	INVH	D	0.02%	0.09%	0.02%
	IP	A	0.02%	0.09%	0.02%
	IPG	D	0.01%	0.05%	0.01%
	IQV	F	0.04%	0.1%	0.04%
	IR	B	0.04%	0.04%	0.04%
	IRM	C	0.04%	0.08%	0.04%
	ISRG	A	0.21%	0.3%	0.21%
	ITW	B	0.08%	0.19%	0.08%
	IVZ	B	0.01%	0.04%	0.01%
	J	D	0.02%	0.08%	0.02%
	JBHT	C	0.02%	0.07%	0.02%
	JBL	C	0.02%	0.03%	0.02%
	JCI	B	0.06%	0.26%	0.06%
	JKHY	D	0.01%	0.06%	0.01%
	JNJ	C	0.39%	1.74%	0.39%
	JNPR	D	0.01%	0.06%	0.01%
	JPM	A	0.74%	3.28%	0.74%
	K	A	0.02%	0.1%	0.02%
	KDP	F	0.04%	0.17%	0.04%
	KEY	B	0.02%	0.08%	0.02%
	KEYS	A	0.03%	0.12%	0.03%
	KHC	F	0.03%	0.13%	0.03%
	KIM	A	0.02%	0.08%	0.02%
	KMB	C	0.05%	0.21%	0.05%
	KMI	A	0.06%	0.25%	0.06%
	KMX	B	0.01%	0.06%	0.01%
	KO	D	0.26%	0.69%	0.26%
	KR	B	0.04%	0.18%	0.04%
	KVUE	A	0.05%	0.21%	0.05%
	L	A	0.02%	0.07%	0.02%
	LDOS	C	0.02%	0.1%	0.02%
	LEN	D	0.04%	0.08%	0.04%
	LH	B	0.02%	0.09%	0.02%
	LHX	C	0.05%	0.22%	0.05%
	LIN	C	0.23%	0.49%	0.23%
	LKQ	F	0.01%	0.05%	0.01%
	LMT	D	0.12%	0.53%	0.12%
	LNT	A	0.02%	0.07%	0.02%
	LOW	C	0.17%	0.72%	0.17%
	LUV	C	0.02%	0.09%	0.02%
	LVS	B	0.02%	0.03%	0.02%
	LW	C	0.01%	0.02%	0.01%
	LYB	F	0.02%	0.1%	0.02%
	MA	B	0.46%	0.57%	0.46%
	MAA	B	0.02%	0.09%	0.02%
	MAS	D	0.02%	0.04%	0.02%
	MCD	D	0.23%	0.55%	0.23%
	MCHP	F	0.04%	0.06%	0.04%
	MCK	A	0.09%	0.37%	0.09%
	MCO	B	0.08%	0.18%	0.08%
	MDLZ	F	0.09%	0.23%	0.09%
	MDT	D	0.12%	0.53%	0.12%
	MET	A	0.05%	0.23%	0.05%
	MGM	D	0.01%	0.01%	0.01%
	MHK	D	0.01%	0.03%	0.01%
	MKC	C	0.02%	0.09%	0.02%
	MKTX	D	0.01%	0.05%	0.01%
	MLM	C	0.04%	0.06%	0.04%
	MMC	B	0.12%	0.25%	0.12%
	MMM	D	0.08%	0.33%	0.08%
	MNST	C	0.04%	0.07%	0.04%
	MO	A	0.1%	0.45%	0.1%
	MOH	F	0.02%	0.03%	0.02%
	MOS	F	0.01%	0.04%	0.01%
	MPC	D	0.06%	0.11%	0.06%
	MRK	D	0.27%	0.69%	0.27%
	MRNA	F	0.01%	0.06%	0.01%
	MRO	B	0.02%	0.04%	0.02%
	MS	A	0.18%	0.78%	0.18%
	MSCI	C	0.05%	0.09%	0.05%
	MSI	B	0.09%	0.16%	0.09%
	MTB	A	0.04%	0.17%	0.04%
	MTCH	D	0.01%	0.04%	0.01%
	MTD	F	0.03%	0.07%	0.03%
	MU	D	0.12%	0.5%	0.12%
	NDAQ	A	0.03%	0.15%	0.03%
	NDSN	B	0.02%	0.07%	0.02%
	NEE	C	0.17%	0.74%	0.17%
	NEM	D	0.05%	0.22%	0.05%
	NI	A	0.02%	0.08%	0.02%
	NKE	F	0.1%	0.25%	0.1%
	NOC	D	0.07%	0.32%	0.07%
	NRG	B	0.02%	0.09%	0.02%
	NSC	B	0.06%	0.28%	0.06%
	NTAP	C	0.03%	0.07%	0.03%
	NTRS	A	0.02%	0.1%	0.02%
	NUE	C	0.04%	0.06%	0.04%
	NWS	A	0.0%	0.02%	0.0%
	NWSA	A	0.01%	0.05%	0.01%
	NXPI	D	0.06%	0.07%	0.06%
	O	C	0.05%	0.23%	0.05%
	OKE	A	0.07%	0.11%	0.07%
	OMC	C	0.02%	0.09%	0.02%
	ON	D	0.03%	0.07%	0.03%
	ORLY	B	0.08%	0.09%	0.08%
	OTIS	C	0.04%	0.11%	0.04%
	OXY	D	0.04%	0.16%	0.04%
	PARA	C	0.01%	0.03%	0.01%
	PAYC	B	0.01%	0.03%	0.01%
	PAYX	B	0.05%	0.13%	0.05%
	PCAR	B	0.07%	0.07%	0.07%
	PCG	A	0.05%	0.21%	0.05%
	PEG	A	0.05%	0.21%	0.05%
	PEP	F	0.24%	0.65%	0.24%
	PFE	F	0.16%	0.66%	0.16%
	PFG	D	0.02%	0.09%	0.02%
	PG	C	0.42%	1.14%	0.42%
	PGR	A	0.16%	0.35%	0.16%
	PH	A	0.1%	0.09%	0.09%
	PKG	A	0.02%	0.1%	0.02%
	PLD	F	0.11%	0.49%	0.11%
	PM	B	0.21%	0.59%	0.21%
	PNC	B	0.09%	0.39%	0.09%
	PNR	A	0.02%	0.02%	0.02%
	PNW	A	0.01%	0.05%	0.01%
	PODD	C	0.02%	0.05%	0.02%
	POOL	C	0.01%	0.03%	0.01%
	PPG	F	0.03%	0.13%	0.03%
	PPL	A	0.03%	0.12%	0.03%
	PRU	A	0.05%	0.21%	0.05%
	PSA	C	0.06%	0.14%	0.06%
	PSX	C	0.06%	0.26%	0.06%
	PTC	B	0.02%	0.04%	0.02%
	PWR	A	0.05%	0.07%	0.05%
	PYPL	B	0.09%	0.41%	0.09%
	QCOM	F	0.2%	0.4%	0.2%
	QRVO	F	0.01%	0.03%	0.01%
	REG	A	0.01%	0.06%	0.01%
	REGN	F	0.09%	0.15%	0.09%
	RF	A	0.03%	0.11%	0.03%
	RJF	A	0.03%	0.14%	0.03%
	RL	C	0.01%	0.02%	0.01%
	RMD	C	0.04%	0.16%	0.04%
	ROK	C	0.04%	0.08%	0.04%
	ROL	B	0.02%	0.04%	0.02%
	ROP	B	0.07%	0.16%	0.07%
	RSG	A	0.05%	0.09%	0.05%
	RTX	D	0.17%	0.74%	0.17%
	RVTY	F	0.02%	0.06%	0.02%
	SBAC	D	0.03%	0.07%	0.03%
	SBUX	A	0.12%	0.21%	0.12%
	SCHW	B	0.13%	0.57%	0.13%
	SHW	B	0.1%	0.21%	0.1%
	SJM	D	0.01%	0.05%	0.01%
	SLB	C	0.07%	0.29%	0.07%
	SNA	A	0.02%	0.05%	0.02%
	SO	C	0.1%	0.45%	0.1%
	SOLV	D	0.01%	0.04%	0.01%
	SPG	A	0.06%	0.16%	0.06%
	SPGI	C	0.18%	0.42%	0.18%
	SRE	A	0.06%	0.27%	0.06%
	STE	D	0.02%	0.04%	0.02%
	STLD	B	0.02%	0.03%	0.02%
	STT	B	0.03%	0.13%	0.03%
	STX	C	0.02%	0.06%	0.02%
	STZ	D	0.04%	0.17%	0.04%
	SW	A	0.03%	0.12%	0.03%
	SWK	D	0.01%	0.06%	0.01%
	SWKS	F	0.01%	0.06%	0.01%
	SYF	B	0.03%	0.12%	0.03%
	SYK	B	0.14%	0.23%	0.14%
	SYY	D	0.04%	0.17%	0.04%
	T	A	0.17%	0.76%	0.17%
	TAP	C	0.01%	0.05%	0.01%
	TDY	B	0.02%	0.1%	0.02%
	TECH	F	0.01%	0.05%	0.01%
	TER	F	0.02%	0.08%	0.02%
	TFC	A	0.07%	0.29%	0.07%
	TFX	F	0.01%	0.04%	0.01%
	TGT	F	0.08%	0.33%	0.08%
	TJX	A	0.15%	0.22%	0.15%
	TMO	F	0.22%	0.57%	0.22%
	TMUS	B	0.13%	0.54%	0.13%
	TPR	B	0.01%	0.06%	0.01%
	TRMB	B	0.02%	0.08%	0.02%
	TROW	B	0.03%	0.12%	0.03%
	TRV	B	0.06%	0.28%	0.06%
	TSCO	D	0.03%	0.08%	0.03%
	TSN	B	0.02%	0.09%	0.02%
	TT	A	0.1%	0.13%	0.1%
	TTWO	A	0.03%	0.07%	0.03%
	TXN	C	0.2%	0.54%	0.2%
	TXT	D	0.02%	0.07%	0.02%
	UAL	A	0.03%	0.14%	0.03%
	UDR	B	0.01%	0.06%	0.01%
	UHS	D	0.01%	0.06%	0.01%
	ULTA	F	0.02%	0.03%	0.02%
	UNH	B	0.59%	1.59%	0.59%
	UNP	C	0.15%	0.37%	0.15%
	UPS	C	0.1%	0.46%	0.1%
	USB	A	0.08%	0.37%	0.08%
	V	A	0.56%	0.83%	0.56%
	VICI	C	0.04%	0.16%	0.04%
	VLO	C	0.05%	0.21%	0.05%
	VLTO	C	0.03%	0.12%	0.03%
	VMC	B	0.04%	0.06%	0.04%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	C	0.02%	0.04%	0.02%
	VRTX	D	0.13%	0.2%	0.13%
	VTR	B	0.03%	0.12%	0.03%
	VTRS	A	0.02%	0.07%	0.02%
	VZ	C	0.19%	0.82%	0.19%
	WAB	B	0.04%	0.16%	0.04%
	WAT	C	0.02%	0.06%	0.02%
	WBA	F	0.01%	0.03%	0.01%
	WBD	B	0.02%	0.1%	0.02%
	WDC	D	0.02%	0.1%	0.02%
	WEC	A	0.03%	0.15%	0.03%
	WELL	A	0.08%	0.37%	0.08%
	WFC	A	0.27%	1.19%	0.27%
	WM	B	0.09%	0.2%	0.09%
	WMB	A	0.07%	0.2%	0.07%
	WMT	A	0.4%	1.72%	0.4%
	WRB	A	0.02%	0.09%	0.02%
	WTW	B	0.03%	0.15%	0.03%
	WY	F	0.02%	0.11%	0.02%
	XEL	A	0.04%	0.18%	0.04%
	XOM	B	0.58%	2.49%	0.58%
	XYL	D	0.03%	0.14%	0.03%
	YUM	D	0.04%	0.1%	0.04%
	ZBH	C	0.02%	0.11%	0.02%
	ZBRA	B	0.02%	0.09%	0.02%
	ZTS	D	0.09%	0.17%	0.09%

PHDG Overweight 66 Positions Relative to IVE

	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%
	AVGO	D	0.86%
	LLY	F	0.67%
	NFLX	A	0.39%
	CRM	B	0.35%
	ORCL	A	0.32%
	ADBE	C	0.25%
	AMD	F	0.24%
	NOW	A	0.23%
	INTU	B	0.21%
	BKNG	A	0.18%
	AMAT	F	0.17%
	UBER	F	0.16%
	PANW	B	0.14%
	PLTR	B	0.13%
	LRCX	F	0.11%
	ANET	C	0.11%
	KKR	A	0.11%
	CRWD	B	0.09%
	CMG	B	0.09%
	CDNS	B	0.09%
	SNPS	B	0.09%
	KLAC	F	0.09%
	TDG	D	0.08%
	HLT	A	0.07%
	MAR	A	0.07%
	RCL	A	0.06%
	URI	C	0.06%
	FICO	B	0.06%
	FTNT	C	0.06%
	TRGP	A	0.05%
	ODFL	C	0.05%
	AXON	A	0.05%
	ROST	D	0.05%
	VST	A	0.05%
	DHI	F	0.05%
	CPRT	B	0.05%
	FANG	C	0.04%
	ACGL	C	0.04%
	LULU	C	0.04%
	HES	B	0.04%
	IT	C	0.04%
	WST	C	0.03%
	CPAY	A	0.03%
	GDDY	A	0.03%
	TYL	B	0.03%
	FTV	C	0.03%
	PHM	D	0.03%
	DECK	A	0.03%
	MPWR	F	0.03%
	NVR	D	0.03%
	LYV	A	0.02%
	BLDR	D	0.02%
	EXPE	B	0.02%
	CE	F	0.01%
	APA	D	0.01%
	WYNN	C	0.01%
	SMCI	F	0.01%
	NCLH	B	0.01%

PHDG Underweight 3 Positions Relative to IVE

	Symbol	Grade	Weight
	TEL	B	-0.13%
	COO	D	-0.05%
	AMTM	D	-0.01%

PHDG: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

IVE: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Banks - Regional - US Capital Markets Packaged Foods Semiconductors Drug Manufacturers - Major Medical Devices Medical Instruments & Supplies Aerospace & Defense Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty Oil & Gas E&P REIT - Residential Software - Application

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Dow Jones Component Electronics Aerospace Computing Medicine Real Estate Investment Trust Chemical Bank Banking Telecommunications Insurance Products Investment Bank Plastic Mining Disability