PHDG vs. OPTZ ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Optimize Strategy Index ETF (OPTZ)

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

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	OPTZ
30 Days	0.66%	8.47%
60 Days	1.51%	9.68%
90 Days	1.58%	11.36%
12 Months	18.52%

160 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in OPTZ	Overlap
AAPL	C	3.74%	1.06%	1.06%
ACGL	D	0.04%	0.19%	0.04%
ADBE	C	0.25%	0.11%	0.11%
AES	F	0.01%	0.04%	0.01%
AIZ	A	0.01%	0.23%	0.01%
ALGN	D	0.02%	0.13%	0.02%
ALL	A	0.06%	0.21%	0.06%
AMAT	F	0.17%	1.0%	0.17%
AMD	F	0.24%	1.03%	0.24%
AMP	A	0.06%	0.25%	0.06%
AMT	D	0.1%	0.07%	0.07%
AMZN	C	2.13%	0.38%	0.38%
ANET	C	0.11%	1.24%	0.11%
AOS	F	0.01%	0.12%	0.01%
APA	D	0.01%	0.05%	0.01%
APD	A	0.08%	0.18%	0.08%
APTV	D	0.02%	0.25%	0.02%
ATO	A	0.02%	0.06%	0.02%
AXON	A	0.05%	0.21%	0.05%
AXP	A	0.17%	0.24%	0.17%
BA	F	0.11%	0.11%	0.11%
BAX	D	0.02%	0.11%	0.02%
BG	F	0.01%	0.25%	0.01%
BKR	B	0.05%	0.07%	0.05%
BLK	C	0.16%	0.24%	0.16%
BR	A	0.03%	0.22%	0.03%
BRO	B	0.03%	0.21%	0.03%
CAH	B	0.03%	0.14%	0.03%
CAT	B	0.2%	0.14%	0.14%
CB	C	0.12%	0.19%	0.12%
CBOE	B	0.02%	0.19%	0.02%
CBRE	B	0.04%	0.1%	0.04%
CDNS	B	0.09%	1.21%	0.09%
CE	F	0.01%	0.09%	0.01%
CEG	D	0.08%	0.07%	0.07%
CHD	B	0.03%	0.3%	0.03%
CINF	A	0.03%	0.23%	0.03%
CL	D	0.08%	0.25%	0.08%
CMCSA	B	0.18%	0.64%	0.18%
CME	A	0.09%	0.2%	0.09%
COR	B	0.05%	0.14%	0.05%
COST	B	0.44%	0.29%	0.29%
CPAY	A	0.03%	0.23%	0.03%
CPT	B	0.01%	0.09%	0.01%
CRM	B	0.35%	1.37%	0.35%
CRWD	B	0.09%	1.37%	0.09%
CVS	D	0.07%	0.26%	0.07%
DAL	C	0.04%	0.19%	0.04%
DECK	A	0.03%	0.39%	0.03%
DELL	C	0.04%	1.29%	0.04%
DGX	A	0.02%	0.14%	0.02%
DIS	B	0.21%	0.77%	0.21%
DLR	B	0.06%	0.11%	0.06%
DPZ	C	0.02%	0.34%	0.02%
DTE	C	0.03%	0.05%	0.03%
DUK	C	0.09%	0.05%	0.05%
DVA	B	0.01%	0.14%	0.01%
EA	A	0.04%	0.66%	0.04%
ECL	D	0.07%	0.15%	0.07%
EFX	F	0.03%	0.11%	0.03%
EIX	B	0.03%	0.05%	0.03%
EMN	D	0.01%	0.16%	0.01%
EQIX	A	0.09%	0.1%	0.09%
ETN	A	0.16%	0.15%	0.15%
ETR	B	0.03%	0.06%	0.03%
FDX	B	0.07%	0.13%	0.07%
FFIV	B	0.02%	1.25%	0.02%
FI	A	0.13%	0.25%	0.13%
FSLR	F	0.02%	0.96%	0.02%
GDDY	A	0.03%	1.27%	0.03%
GL	B	0.01%	0.21%	0.01%
GNRC	B	0.01%	0.16%	0.01%
GPC	D	0.02%	0.29%	0.02%
GPN	B	0.03%	0.22%	0.03%
GRMN	B	0.03%	0.37%	0.03%
GS	A	0.2%	0.25%	0.2%
HIG	B	0.04%	0.2%	0.04%
HII	D	0.01%	0.09%	0.01%
HON	B	0.16%	0.15%	0.15%
HUBB	B	0.03%	0.15%	0.03%
IBM	C	0.21%	1.02%	0.21%
ICE	C	0.1%	0.2%	0.1%
IDXX	F	0.04%	0.11%	0.04%
INCY	C	0.01%	0.16%	0.01%
INTC	D	0.12%	1.31%	0.12%
IQV	D	0.04%	0.11%	0.04%
ISRG	A	0.21%	0.15%	0.15%
KKR	A	0.11%	0.25%	0.11%
LIN	D	0.23%	0.14%	0.14%
LOW	D	0.17%	0.35%	0.17%
LULU	C	0.04%	0.39%	0.04%
LVS	C	0.02%	0.38%	0.02%
MAR	B	0.07%	0.39%	0.07%
MCD	D	0.23%	0.32%	0.23%
MCO	B	0.08%	0.2%	0.08%
META	D	1.36%	0.65%	0.65%
MKTX	D	0.01%	0.2%	0.01%
MLM	B	0.04%	0.17%	0.04%
MOH	F	0.02%	0.12%	0.02%
MSCI	C	0.05%	0.21%	0.05%
MSI	B	0.09%	1.18%	0.09%
NCLH	B	0.01%	0.48%	0.01%
NFLX	A	0.39%	0.73%	0.39%
NOW	A	0.23%	1.27%	0.23%
NRG	B	0.02%	0.06%	0.02%
NVDA	C	3.89%	1.44%	1.44%
ORLY	B	0.08%	0.34%	0.08%
PAYC	B	0.01%	0.18%	0.01%
PCAR	B	0.07%	0.15%	0.07%
PEP	F	0.24%	0.26%	0.24%
PGR	A	0.16%	0.21%	0.16%
PH	A	0.1%	0.15%	0.1%
PNR	A	0.02%	0.15%	0.02%
PODD	C	0.02%	0.15%	0.02%
PRU	A	0.05%	0.23%	0.05%
PWR	A	0.05%	0.16%	0.05%
RCL	A	0.06%	0.47%	0.06%
RL	B	0.01%	0.39%	0.01%
ROP	B	0.07%	1.0%	0.07%
ROST	C	0.05%	0.29%	0.05%
RSG	A	0.05%	0.12%	0.05%
SBAC	D	0.03%	0.08%	0.03%
SHW	A	0.1%	0.16%	0.1%
SLB	C	0.07%	0.06%	0.06%
SNPS	B	0.09%	1.16%	0.09%
SO	D	0.1%	0.05%	0.05%
SPG	B	0.06%	0.1%	0.06%
SPGI	C	0.18%	0.2%	0.18%
STE	F	0.02%	0.12%	0.02%
STZ	D	0.04%	0.27%	0.04%
SYK	C	0.14%	0.14%	0.14%
T	A	0.17%	0.64%	0.17%
TAP	C	0.01%	0.32%	0.01%
TGT	F	0.08%	0.28%	0.08%
TMO	F	0.22%	0.11%	0.11%
TMUS	B	0.13%	0.72%	0.13%
TRGP	B	0.05%	0.07%	0.05%
TROW	B	0.03%	0.24%	0.03%
TRV	B	0.06%	0.22%	0.06%
TSLA	B	0.93%	0.49%	0.49%
TT	A	0.1%	0.15%	0.1%
UHS	D	0.01%	0.11%	0.01%
ULTA	F	0.02%	0.3%	0.02%
UNH	C	0.59%	0.13%	0.13%
URI	B	0.06%	0.15%	0.06%
V	A	0.56%	0.22%	0.22%
VMC	B	0.04%	0.18%	0.04%
VRSK	A	0.04%	0.13%	0.04%
VRSN	F	0.02%	1.03%	0.02%
VRTX	F	0.13%	0.13%	0.13%
WAB	B	0.04%	0.15%	0.04%
WBA	F	0.01%	0.27%	0.01%
WELL	A	0.08%	0.1%	0.08%
WMB	A	0.07%	0.07%	0.07%
WST	C	0.03%	0.14%	0.03%
WTW	B	0.03%	0.22%	0.03%
WY	D	0.02%	0.09%	0.02%
WYNN	D	0.01%	0.36%	0.01%
XYL	D	0.03%	0.12%	0.03%
ZBH	C	0.02%	0.14%	0.02%

PHDG Overweight 339 Positions Relative to OPTZ

Symbol	Grade	Weight
MSFT	F	3.42%
GOOGL	C	1.11%
GOOG	C	0.92%
BRK.A	B	0.92%
AVGO	D	0.86%
JPM	A	0.74%
LLY	F	0.67%
XOM	B	0.58%
MA	C	0.46%
HD	A	0.43%
PG	A	0.42%
WMT	A	0.4%
JNJ	D	0.39%
BAC	A	0.33%
ORCL	B	0.32%
ABBV	D	0.32%
CVX	A	0.3%
WFC	A	0.27%
MRK	F	0.27%
KO	D	0.26%
CSCO	B	0.25%
ACN	C	0.24%
ABT	B	0.22%
GE	D	0.21%
INTU	C	0.21%
PM	B	0.21%
QCOM	F	0.2%
TXN	C	0.2%
VZ	C	0.19%
MS	A	0.18%
BKNG	A	0.18%
DHR	F	0.17%
NEE	D	0.17%
RTX	C	0.17%
AMGN	D	0.17%
PFE	D	0.16%
UBER	D	0.16%
TJX	A	0.15%
UNP	C	0.15%
PANW	C	0.14%
BSX	B	0.14%
C	A	0.14%
BX	A	0.14%
COP	C	0.14%
BMY	B	0.13%
PLTR	B	0.13%
SCHW	B	0.13%
ADP	B	0.13%
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%
DE	A	0.11%
ADI	D	0.11%
PLD	D	0.11%
GEV	B	0.1%
CI	F	0.1%
NKE	D	0.1%
ELV	F	0.1%
MO	A	0.1%
UPS	C	0.1%
ZTS	D	0.09%
MCK	B	0.09%
WM	A	0.09%
AON	A	0.09%
CMG	B	0.09%
PNC	B	0.09%
REGN	F	0.09%
KLAC	D	0.09%
APH	A	0.09%
MDLZ	F	0.09%
PYPL	B	0.09%
COF	B	0.08%
TDG	D	0.08%
MMM	D	0.08%
ITW	B	0.08%
EMR	A	0.08%
CTAS	B	0.08%
GD	F	0.08%
EOG	A	0.08%
USB	A	0.08%
HLT	A	0.07%
TFC	A	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%
BDX	F	0.07%
ADSK	A	0.07%
NOC	D	0.07%
CSX	B	0.07%
KMI	A	0.06%
PSA	D	0.06%
GWW	B	0.06%
MPC	D	0.06%
AZO	C	0.06%
PSX	C	0.06%
AFL	B	0.06%
FICO	B	0.06%
JCI	C	0.06%
NXPI	D	0.06%
BK	A	0.06%
SRE	A	0.06%
ABNB	C	0.06%
NSC	B	0.06%
FTNT	C	0.06%
ODFL	B	0.05%
F	C	0.05%
PEG	A	0.05%
DFS	B	0.05%
KMB	D	0.05%
CCI	D	0.05%
VLO	C	0.05%
PCG	A	0.05%
AME	A	0.05%
KVUE	A	0.05%
HWM	A	0.05%
NEM	D	0.05%
PAYX	C	0.05%
FAST	B	0.05%
LHX	C	0.05%
D	C	0.05%
VST	B	0.05%
DHI	D	0.05%
FIS	C	0.05%
MET	A	0.05%
AIG	B	0.05%
O	D	0.05%
AEP	D	0.05%
CMI	A	0.05%
CPRT	A	0.05%
ROK	B	0.04%
VICI	C	0.04%
ED	D	0.04%
IRM	D	0.04%
HUM	C	0.04%
RMD	C	0.04%
OXY	D	0.04%
FANG	D	0.04%
EXR	D	0.04%
DD	D	0.04%
NUE	C	0.04%
MCHP	D	0.04%
MTB	A	0.04%
HPQ	B	0.04%
GIS	D	0.04%
GLW	B	0.04%
SYY	B	0.04%
KDP	D	0.04%
GEHC	F	0.04%
A	D	0.04%
EXC	C	0.04%
CHTR	C	0.04%
XEL	A	0.04%
YUM	B	0.04%
KR	B	0.04%
MNST	C	0.04%
CTVA	C	0.04%
EW	C	0.04%
OTIS	C	0.04%
CTSH	B	0.04%
HES	B	0.04%
LEN	D	0.04%
IT	C	0.04%
IR	B	0.04%
AEE	A	0.03%
BIIB	F	0.03%
RF	A	0.03%
CDW	F	0.03%
NTAP	C	0.03%
PPL	B	0.03%
CCL	B	0.03%
DVN	F	0.03%
SW	A	0.03%
EQR	B	0.03%
ADM	D	0.03%
VLTO	D	0.03%
EQT	B	0.03%
HBAN	A	0.03%
SYF	B	0.03%
AWK	D	0.03%
TYL	B	0.03%
VTR	C	0.03%
MTD	D	0.03%
HSY	F	0.03%
FTV	C	0.03%
HAL	C	0.03%
PHM	D	0.03%
KEYS	A	0.03%
DOV	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
STT	A	0.03%
MPWR	F	0.03%
ON	D	0.03%
NVR	D	0.03%
PPG	F	0.03%
TTWO	A	0.03%
ANSS	B	0.03%
RJF	A	0.03%
TSCO	D	0.03%
DXCM	D	0.03%
UAL	A	0.03%
WEC	A	0.03%
EBAY	D	0.03%
CSGP	D	0.03%
CNC	D	0.03%
DOW	F	0.03%
FITB	A	0.03%
NDAQ	A	0.03%
AVB	B	0.03%
EPAM	C	0.02%
NDSN	B	0.02%
ROL	B	0.02%
RVTY	F	0.02%
EVRG	A	0.02%
JBL	B	0.02%
AMCR	D	0.02%
JBHT	C	0.02%
DOC	D	0.02%
VTRS	A	0.02%
L	A	0.02%
EL	F	0.02%
LNT	A	0.02%
CF	B	0.02%
EG	C	0.02%
TXT	D	0.02%
MRO	B	0.02%
AVY	D	0.02%
NI	A	0.02%
GEN	B	0.02%
KIM	A	0.02%
ARE	D	0.02%
DG	F	0.02%
EXPD	D	0.02%
MAS	D	0.02%
TRMB	B	0.02%
TER	D	0.02%
IEX	B	0.02%
J	F	0.02%
KEY	B	0.02%
WRB	A	0.02%
BBY	D	0.02%
HOLX	D	0.02%
TSN	B	0.02%
PFG	D	0.02%
MAA	B	0.02%
CTRA	B	0.02%
BALL	D	0.02%
SNA	A	0.02%
MKC	D	0.02%
FDS	B	0.02%
INVH	D	0.02%
ESS	B	0.02%
LUV	C	0.02%
CNP	B	0.02%
IP	B	0.02%
STLD	B	0.02%
DRI	B	0.02%
LH	C	0.02%
CMS	C	0.02%
LYV	A	0.02%
ZBRA	B	0.02%
STX	D	0.02%
OMC	C	0.02%
CLX	B	0.02%
WDC	D	0.02%
CFG	B	0.02%
FE	C	0.02%
PKG	A	0.02%
BLDR	D	0.02%
NTRS	A	0.02%
LYB	F	0.02%
K	A	0.02%
ES	D	0.02%
WBD	C	0.02%
TDY	B	0.02%
WAT	B	0.02%
LDOS	C	0.02%
EXPE	B	0.02%
IFF	D	0.02%
PTC	A	0.02%
FOX	A	0.01%
QRVO	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
MHK	D	0.01%
BWA	D	0.01%
IVZ	B	0.01%
MTCH	D	0.01%
HAS	D	0.01%
MOS	F	0.01%
HSIC	B	0.01%
CZR	F	0.01%
FRT	B	0.01%
ENPH	F	0.01%
MGM	D	0.01%
CPB	D	0.01%
HRL	D	0.01%
TFX	F	0.01%
SMCI	F	0.01%
SOLV	C	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%
NWSA	B	0.01%
TECH	D	0.01%
LW	C	0.01%
BXP	D	0.01%
SJM	D	0.01%
ALB	C	0.01%
REG	B	0.01%
DAY	B	0.01%
KMX	B	0.01%
HST	C	0.01%
ALLE	D	0.01%
JKHY	D	0.01%
JNPR	F	0.01%
CHRW	C	0.01%
CAG	D	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	B	0.0%

PHDG Underweight 161 Positions Relative to OPTZ

Symbol	Grade	Weight
APP	B	-2.03%
TTMI	B	-1.36%
QLYS	C	-1.22%
BHE	B	-1.2%
ITRI	B	-1.19%
WIX	B	-1.15%
INFN	C	-1.11%
VZIO	A	-1.04%
BAH	F	-1.02%
DJT	C	-0.93%
LUMN	C	-0.83%
CRUS	D	-0.8%
IDCC	A	-0.78%
ACLS	F	-0.78%
RNG	B	-0.72%
ZM	B	-0.71%
EAT	A	-0.55%
CVNA	B	-0.55%
AMC	C	-0.54%
NPAB	B	-0.52%
WWW	B	-0.48%
COIN	C	-0.42%
HBI	B	-0.42%
WOOF	D	-0.42%
UNFI	A	-0.41%
SIG	B	-0.39%
WHR	B	-0.37%
ANF	C	-0.36%
SBH	C	-0.36%
BZH	B	-0.35%
PCT	C	-0.34%
FIVE	F	-0.34%
PVH	C	-0.34%
ALV	C	-0.33%
BURL	A	-0.33%
CHDN	B	-0.32%
APO	B	-0.31%
YETI	C	-0.31%
ENR	B	-0.31%
ETSY	D	-0.3%
DKS	C	-0.29%
LC	A	-0.28%
LEA	D	-0.28%
LNW	D	-0.28%
DOLE	D	-0.27%
SQ	B	-0.27%
MELI	D	-0.27%
ODP	F	-0.27%
AX	A	-0.26%
DAN	D	-0.26%
CAL	D	-0.25%
ARES	A	-0.24%
CROX	D	-0.24%
BHF	B	-0.24%
AGO	B	-0.23%
EWTX	C	-0.23%
PRG	C	-0.22%
SIGI	C	-0.22%
COOP	B	-0.22%
LBPH	A	-0.22%
NATL	B	-0.21%
VRT	B	-0.21%
AER	B	-0.21%
BFH	B	-0.21%
LDI	C	-0.2%
STRL	B	-0.2%
CRS	A	-0.2%
GATO	D	-0.2%
RNR	C	-0.2%
ZIM	C	-0.2%
NAVI	C	-0.19%
PMT	D	-0.19%
FIX	A	-0.18%
EME	C	-0.18%
GTLS	B	-0.18%
XPO	B	-0.18%
LPX	B	-0.18%
EXP	A	-0.18%
SKYW	B	-0.18%
HQY	B	-0.17%
JBLU	F	-0.17%
AVNT	B	-0.17%
HASI	D	-0.17%
PEN	B	-0.16%
DOCU	A	-0.16%
PCTY	B	-0.16%
AIT	A	-0.16%
ACHR	B	-0.16%
VERA	B	-0.16%
ESTC	C	-0.15%
GFF	A	-0.15%
PEGA	A	-0.15%
JAZZ	B	-0.15%
TPC	C	-0.15%
SAIA	B	-0.15%
CLOV	D	-0.15%
PHIN	A	-0.14%
THC	D	-0.14%
STGW	B	-0.14%
MRC	B	-0.14%
LECO	B	-0.14%
UTHR	C	-0.14%
LIVN	F	-0.14%
AKRO	B	-0.14%
REVG	B	-0.14%
WDAY	B	-0.13%
BV	B	-0.13%
NBIX	C	-0.13%
SAVA	D	-0.13%
OSK	B	-0.13%
PBI	B	-0.13%
WWD	B	-0.13%
ASH	D	-0.13%
MANH	D	-0.13%
AHCO	F	-0.12%
SHC	F	-0.12%
KRYS	B	-0.12%
RPRX	D	-0.12%
ETNB	C	-0.12%
DAWN	F	-0.12%
COGT	D	-0.11%
SRPT	D	-0.11%
SNDX	F	-0.11%
KURA	F	-0.11%
VNO	B	-0.11%
DYN	F	-0.11%
UNIT	B	-0.1%
RHP	B	-0.1%
CGEM	F	-0.1%
LNTH	D	-0.1%
EXPI	C	-0.1%
OMI	F	-0.1%
PEB	D	-0.09%
NEXT	B	-0.09%
ELS	C	-0.09%
PK	B	-0.09%
LAMR	D	-0.09%
SBRA	C	-0.09%
OGN	D	-0.09%
NMRK	B	-0.09%
REXR	F	-0.08%
NVRI	F	-0.08%
RDFN	D	-0.08%
EGP	F	-0.08%
TDW	F	-0.08%
ICLR	D	-0.08%
PRIM	A	-0.08%
KNTK	B	-0.07%
BKD	D	-0.07%
DTM	B	-0.07%
WKC	D	-0.06%
OII	B	-0.06%
WHD	B	-0.06%
FTI	A	-0.06%
SANA	F	-0.06%
VAL	D	-0.05%
WFRD	D	-0.05%
DK	C	-0.05%
SWX	B	-0.05%
NFE	D	-0.04%
HE	C	-0.04%