PHDG vs. RAVI ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to FlexShares Ready Access Variable Income Fund (RAVI)

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

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	RAVI
30 Days	0.66%	0.41%
60 Days	1.51%	0.65%
90 Days	1.58%	1.23%
12 Months	18.52%	5.45%

78 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in RAVI	Overlap
ABBV	D	0.32%	0.13%	0.13%
AEE	A	0.03%	0.17%	0.03%
AEP	D	0.05%	0.38%	0.05%
AIG	B	0.05%	0.57%	0.05%
AMT	D	0.1%	0.13%	0.1%
AMZN	C	2.13%	0.42%	0.42%
AON	A	0.09%	0.46%	0.09%
AZO	C	0.06%	0.52%	0.06%
BA	F	0.11%	0.15%	0.11%
BAC	A	0.33%	0.57%	0.33%
BDX	F	0.07%	0.51%	0.07%
BMY	B	0.13%	0.43%	0.13%
C	A	0.14%	0.24%	0.14%
CAT	B	0.2%	0.26%	0.2%
CCI	D	0.05%	0.49%	0.05%
CFG	B	0.02%	0.29%	0.02%
CI	F	0.1%	0.67%	0.1%
CLX	B	0.02%	0.26%	0.02%
CMCSA	B	0.18%	0.28%	0.18%
CMS	C	0.02%	0.24%	0.02%
CNP	B	0.02%	0.2%	0.02%
COF	B	0.08%	0.06%	0.06%
CRM	B	0.35%	0.4%	0.35%
CVS	D	0.07%	0.16%	0.07%
CVX	A	0.3%	0.33%	0.3%
D	C	0.05%	0.51%	0.05%
DELL	C	0.04%	0.28%	0.04%
DHI	D	0.05%	0.13%	0.05%
DHR	F	0.17%	0.86%	0.17%
DTE	C	0.03%	0.77%	0.03%
DUK	C	0.09%	0.07%	0.07%
ED	D	0.04%	1.05%	0.04%
EFX	F	0.03%	0.1%	0.03%
ETR	B	0.03%	0.38%	0.03%
FIS	C	0.05%	0.23%	0.05%
FITB	A	0.03%	0.22%	0.03%
FOXA	B	0.01%	0.21%	0.01%
GE	D	0.21%	0.76%	0.21%
GILD	C	0.12%	0.59%	0.12%
GM	B	0.07%	0.1%	0.07%
GS	A	0.2%	0.26%	0.2%
HPE	B	0.03%	0.11%	0.03%
HRL	D	0.01%	0.07%	0.01%
ICE	C	0.1%	0.15%	0.1%
JPM	A	0.74%	0.03%	0.03%
KDP	D	0.04%	0.95%	0.04%
KEY	B	0.02%	0.16%	0.02%
LEN	D	0.04%	0.26%	0.04%
LUV	C	0.02%	0.18%	0.02%
LYB	F	0.02%	0.83%	0.02%
MCHP	D	0.04%	0.22%	0.04%
MDLZ	F	0.09%	0.09%	0.09%
MET	A	0.05%	0.13%	0.05%
MKC	D	0.02%	0.17%	0.02%
MLM	B	0.04%	0.28%	0.04%
MS	A	0.18%	0.06%	0.06%
NDAQ	A	0.03%	0.31%	0.03%
NEE	D	0.17%	0.57%	0.17%
NVDA	C	3.89%	0.52%	0.52%
OTIS	C	0.04%	0.95%	0.04%
PCAR	B	0.07%	0.05%	0.05%
PPL	B	0.03%	0.22%	0.03%
PSX	C	0.06%	0.16%	0.06%
PYPL	B	0.09%	0.95%	0.09%
ROP	B	0.07%	0.07%	0.07%
SBUX	A	0.12%	0.18%	0.12%
SCHW	B	0.13%	0.42%	0.13%
SJM	D	0.01%	0.57%	0.01%
SO	D	0.1%	0.26%	0.1%
SYK	C	0.14%	0.49%	0.14%
T	A	0.17%	0.3%	0.17%
TFC	A	0.07%	0.59%	0.07%
TSN	B	0.02%	0.7%	0.02%
UNH	C	0.59%	0.43%	0.43%
VLO	C	0.05%	1.51%	0.05%
VZ	C	0.19%	0.1%	0.1%
WFC	A	0.27%	0.26%	0.26%
WM	A	0.09%	0.69%	0.09%

PHDG Overweight 421 Positions Relative to RAVI

Symbol	Grade	Weight
AAPL	C	3.74%
MSFT	F	3.42%
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%
LLY	F	0.67%
XOM	B	0.58%
V	A	0.56%
MA	C	0.46%
COST	B	0.44%
HD	A	0.43%
PG	A	0.42%
WMT	A	0.4%
NFLX	A	0.39%
JNJ	D	0.39%
ORCL	B	0.32%
MRK	F	0.27%
KO	D	0.26%
CSCO	B	0.25%
ADBE	C	0.25%
AMD	F	0.24%
PEP	F	0.24%
ACN	C	0.24%
MCD	D	0.23%
NOW	A	0.23%
LIN	D	0.23%
ABT	B	0.22%
TMO	F	0.22%
ISRG	A	0.21%
IBM	C	0.21%
INTU	C	0.21%
DIS	B	0.21%
PM	B	0.21%
QCOM	F	0.2%
TXN	C	0.2%
SPGI	C	0.18%
BKNG	A	0.18%
AMAT	F	0.17%
LOW	D	0.17%
RTX	C	0.17%
AMGN	D	0.17%
AXP	A	0.17%
ETN	A	0.16%
BLK	C	0.16%
PFE	D	0.16%
UBER	D	0.16%
HON	B	0.16%
PGR	A	0.16%
TJX	A	0.15%
UNP	C	0.15%
PANW	C	0.14%
BSX	B	0.14%
BX	A	0.14%
COP	C	0.14%
TMUS	B	0.13%
PLTR	B	0.13%
FI	A	0.13%
ADP	B	0.13%
VRTX	F	0.13%
INTC	D	0.12%
CB	C	0.12%
MMC	B	0.12%
MU	D	0.12%
MDT	D	0.12%
LMT	D	0.12%
LRCX	F	0.11%
ANET	C	0.11%
DE	A	0.11%
KKR	A	0.11%
ADI	D	0.11%
PLD	D	0.11%
PH	A	0.1%
GEV	B	0.1%
SHW	A	0.1%
NKE	D	0.1%
TT	A	0.1%
ELV	F	0.1%
MO	A	0.1%
UPS	C	0.1%
ZTS	D	0.09%
MCK	B	0.09%
CRWD	B	0.09%
CME	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%
EQIX	A	0.09%
KLAC	D	0.09%
APH	A	0.09%
APD	A	0.08%
CEG	D	0.08%
TGT	F	0.08%
ORLY	B	0.08%
TDG	D	0.08%
MMM	D	0.08%
ITW	B	0.08%
EMR	A	0.08%
CTAS	B	0.08%
CL	D	0.08%
GD	F	0.08%
MCO	B	0.08%
EOG	A	0.08%
WELL	A	0.08%
USB	A	0.08%
HLT	A	0.07%
SLB	C	0.07%
FCX	D	0.07%
ECL	D	0.07%
CARR	D	0.07%
OKE	A	0.07%
HCA	F	0.07%
AJG	B	0.07%
MAR	B	0.07%
FDX	B	0.07%
ADSK	A	0.07%
WMB	A	0.07%
NOC	D	0.07%
CSX	B	0.07%
ALL	A	0.06%
KMI	A	0.06%
PSA	D	0.06%
GWW	B	0.06%
MPC	D	0.06%
SPG	B	0.06%
DLR	B	0.06%
RCL	A	0.06%
AMP	A	0.06%
AFL	B	0.06%
URI	B	0.06%
FICO	B	0.06%
JCI	C	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	B	0.05%
ODFL	B	0.05%
COR	B	0.05%
RSG	A	0.05%
BKR	B	0.05%
F	C	0.05%
PEG	A	0.05%
AXON	A	0.05%
DFS	B	0.05%
KMB	D	0.05%
PCG	A	0.05%
PRU	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%
ROST	C	0.05%
VST	B	0.05%
PWR	A	0.05%
MSCI	C	0.05%
O	D	0.05%
CMI	A	0.05%
CPRT	A	0.05%
ROK	B	0.04%
VICI	C	0.04%
IRM	D	0.04%
HUM	C	0.04%
RMD	C	0.04%
OXY	D	0.04%
HIG	B	0.04%
FANG	D	0.04%
WAB	B	0.04%
EXR	D	0.04%
DD	D	0.04%
NUE	C	0.04%
IDXX	F	0.04%
IQV	D	0.04%
MTB	A	0.04%
HPQ	B	0.04%
GIS	D	0.04%
GLW	B	0.04%
SYY	B	0.04%
VMC	B	0.04%
ACGL	D	0.04%
GEHC	F	0.04%
STZ	D	0.04%
A	D	0.04%
LULU	C	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%
EA	A	0.04%
CTVA	C	0.04%
CBRE	B	0.04%
EW	C	0.04%
CTSH	B	0.04%
HES	B	0.04%
VRSK	A	0.04%
IT	C	0.04%
IR	B	0.04%
DAL	C	0.04%
CINF	A	0.03%
SBAC	D	0.03%
HUBB	B	0.03%
BIIB	F	0.03%
RF	A	0.03%
CDW	F	0.03%
NTAP	C	0.03%
CCL	B	0.03%
WST	C	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%
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%
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%
KHC	F	0.03%
STT	A	0.03%
MPWR	F	0.03%
ON	D	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	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%
EIX	B	0.03%
WTW	B	0.03%
AVB	B	0.03%
GRMN	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%
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%
DPZ	C	0.02%
CF	B	0.02%
VRSN	F	0.02%
ALGN	D	0.02%
EG	C	0.02%
TXT	D	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%
TRMB	B	0.02%
TER	D	0.02%
IEX	B	0.02%
DGX	A	0.02%
PNR	A	0.02%
J	F	0.02%
WRB	A	0.02%
BBY	D	0.02%
MOH	F	0.02%
HOLX	D	0.02%
ULTA	F	0.02%
PODD	C	0.02%
PFG	D	0.02%
MAA	B	0.02%
CTRA	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%
IP	B	0.02%
STLD	B	0.02%
DRI	B	0.02%
LH	C	0.02%
LYV	A	0.02%
ZBRA	B	0.02%
STX	D	0.02%
OMC	C	0.02%
WDC	D	0.02%
CBOE	B	0.02%
FSLR	F	0.02%
FE	C	0.02%
PKG	A	0.02%
BLDR	D	0.02%
NTRS	A	0.02%
K	A	0.02%
STE	F	0.02%
ES	D	0.02%
WBD	C	0.02%
ZBH	C	0.02%
TDY	B	0.02%
WAT	B	0.02%
ATO	A	0.02%
WY	D	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%
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%
MGM	D	0.01%
WYNN	D	0.01%
AOS	F	0.01%
CPB	D	0.01%
TFX	F	0.01%
SMCI	F	0.01%
SOLV	C	0.01%
GL	B	0.01%
AES	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%
IPG	D	0.01%
PAYC	B	0.01%
TAP	C	0.01%
NWSA	B	0.01%
AIZ	A	0.01%
GNRC	B	0.01%
TECH	D	0.01%
LW	C	0.01%
BXP	D	0.01%
NCLH	B	0.01%
EMN	D	0.01%
UHS	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%
INCY	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%
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 23 Positions Relative to RAVI

Symbol	Grade	Weight
OGS	A	-1.05%
CM	A	-0.62%
GP	F	-0.59%
BNS	A	-0.52%
TD	F	-0.51%
RY	A	-0.51%
VFC	C	-0.39%
OGE	B	-0.39%
ARCC	A	-0.3%
HSBC	B	-0.29%
DB	D	-0.28%
CP	D	-0.27%
ATHS	C	-0.26%
AL	B	-0.25%
NYC	D	-0.21%
BHF	B	-0.17%
SEB	F	-0.16%
UBS	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
MUFG	B	-0.14%
CNH	C	-0.13%
R	B	-0.08%