PHEQ vs. FTQI ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to First Trust Low Beta Income ETF (FTQI)

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.89

Average Daily Volume

181,406

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	FTQI
30 Days	1.99%	2.45%
60 Days	3.02%	3.28%
90 Days	3.86%	5.53%
12 Months	16.61%	18.20%

47 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in FTQI	Overlap
AAPL	C	6.85%	9.03%	6.85%
ABBV	D	0.85%	0.17%	0.17%
ADBE	C	0.48%	1.22%	0.48%
ALNY	D	0.13%	0.12%	0.12%
AMD	F	0.51%	1.45%	0.51%
AMZN	C	4.1%	4.39%	4.1%
AVGO	D	1.71%	4.07%	1.71%
AXP	A	0.57%	0.15%	0.15%
BSY	D	0.04%	0.14%	0.04%
CAT	B	0.55%	0.15%	0.15%
COIN	C	0.12%	0.24%	0.12%
COST	B	1.07%	2.64%	1.07%
CRM	B	0.63%	0.58%	0.58%
CSCO	B	0.79%	1.56%	0.79%
DOX	D	0.09%	0.17%	0.09%
FCNCA	A	0.13%	0.18%	0.13%
GOOG	C	1.9%	1.87%	1.87%
GOOGL	C	2.28%	1.87%	1.87%
HBAN	A	0.31%	0.18%	0.18%
JBHT	C	0.24%	0.15%	0.15%
LIN	D	0.67%	1.19%	0.67%
LLY	F	1.39%	0.9%	0.9%
LNT	A	0.33%	0.49%	0.33%
LOW	D	0.57%	0.12%	0.12%
META	D	2.66%	4.15%	2.66%
MSFT	F	6.55%	8.03%	6.55%
NDAQ	A	0.24%	0.36%	0.24%
NFLX	A	0.8%	2.4%	0.8%
NOW	A	0.61%	0.46%	0.46%
NVDA	C	7.12%	5.22%	5.22%
OKTA	C	0.04%	0.02%	0.02%
ORCL	B	0.73%	0.75%	0.73%
PEP	F	0.72%	1.45%	0.72%
QCOM	F	0.33%	1.11%	0.33%
RMD	C	0.24%	0.14%	0.14%
RPRX	D	0.04%	0.01%	0.01%
SSNC	B	0.21%	0.17%	0.17%
TMUS	B	0.51%	1.78%	0.51%
TSLA	B	1.91%	3.05%	1.91%
TW	A	0.11%	0.05%	0.05%
TXN	C	0.59%	1.54%	0.59%
ULTA	F	0.23%	0.14%	0.14%
V	A	1.28%	0.24%	0.24%
VEEV	C	0.1%	0.13%	0.1%
WM	A	0.44%	0.11%	0.11%
WMT	A	0.96%	0.39%	0.39%
XOM	B	1.4%	0.15%	0.15%

PHEQ Overweight 156 Positions Relative to FTQI

Symbol	Grade	Weight
JPM	A	1.73%
BRK.A	B	1.42%
UNH	C	1.37%
HD	A	1.15%
MA	C	1.14%
PG	A	1.09%
JNJ	D	1.04%
BAC	A	0.98%
CVX	A	0.84%
KO	D	0.77%
MRK	F	0.69%
T	A	0.68%
WFC	A	0.67%
ABT	B	0.6%
TMO	F	0.59%
LMT	D	0.58%
ISRG	A	0.58%
DIS	B	0.57%
IBM	C	0.56%
UNP	C	0.52%
MDT	D	0.51%
BMY	B	0.48%
TRGP	B	0.46%
KKR	A	0.46%
AMGN	D	0.45%
DE	A	0.44%
MMM	D	0.44%
CTAS	B	0.42%
ETR	B	0.4%
TRV	B	0.39%
DAL	C	0.39%
MS	A	0.39%
BKNG	A	0.39%
PRU	A	0.37%
PLTR	B	0.36%
VRTX	F	0.36%
HWM	A	0.36%
AVB	B	0.35%
SCHW	B	0.35%
PPL	B	0.34%
KLAC	D	0.34%
K	A	0.34%
RSG	A	0.34%
DOV	A	0.33%
YUM	B	0.33%
KMB	D	0.33%
OTIS	C	0.33%
HIG	B	0.33%
EQR	B	0.32%
EXR	D	0.32%
BA	F	0.32%
ROST	C	0.32%
MU	D	0.31%
LH	C	0.31%
CMS	C	0.31%
BRO	B	0.31%
DTE	C	0.31%
PANW	C	0.3%
DRI	B	0.3%
AEE	A	0.3%
COR	B	0.3%
PHM	D	0.3%
APO	B	0.3%
UBER	D	0.29%
DOC	D	0.29%
LRCX	F	0.29%
CNP	B	0.28%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
MAA	B	0.27%
CFG	B	0.26%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	0.25%
GLW	B	0.25%
MRO	B	0.24%
L	A	0.24%
FE	C	0.24%
URI	B	0.24%
FANG	D	0.24%
MKL	A	0.23%
NEM	D	0.23%
EXPD	D	0.23%
LNG	B	0.22%
LYB	F	0.22%
HEI	B	0.22%
WRB	A	0.21%
REGN	F	0.21%
ARE	D	0.21%
AMCR	D	0.21%
LULU	C	0.21%
PFG	D	0.2%
MSTR	C	0.2%
ESS	B	0.19%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CPB	D	0.18%
CSL	C	0.18%
CRWD	B	0.17%
CAG	D	0.17%
DVN	F	0.17%
IFF	D	0.16%
AKAM	D	0.16%
HAL	C	0.16%
ABNB	C	0.15%
MOH	F	0.14%
APTV	D	0.14%
NDSN	B	0.14%
HEI	B	0.14%
ZBH	C	0.14%
ON	D	0.14%
DELL	C	0.14%
HUBS	A	0.14%
MGM	D	0.13%
WDAY	B	0.13%
DASH	A	0.13%
HUBB	B	0.13%
DDOG	A	0.13%
SQ	B	0.12%
RBLX	C	0.12%
BAH	F	0.12%
STLD	B	0.11%
IBKR	A	0.11%
VRT	B	0.1%
SUI	D	0.1%
TRU	D	0.09%
BLDR	D	0.08%
ZS	C	0.08%
NET	B	0.07%
SCCO	F	0.07%
AGR	B	0.07%
YUMC	C	0.07%
DKNG	B	0.07%
SNOW	C	0.06%
ALGN	D	0.06%
AVTR	F	0.06%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	0.05%
ILMN	D	0.05%
WLK	D	0.04%
CPNG	D	0.03%
PINS	D	0.03%
SIRI	C	0.03%
ENPH	F	0.03%
RKT	F	0.03%
WSM	B	0.02%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 148 Positions Relative to FTQI

Symbol	Grade	Weight
INTU	C	-1.32%
EQIX	A	-1.25%
CME	A	-0.96%
NTAP	C	-0.79%
CHKP	D	-0.72%
SPGI	C	-0.6%
APH	A	-0.58%
MGEE	C	-0.58%
APP	B	-0.52%
UFPI	B	-0.51%
PTC	A	-0.5%
DUOL	A	-0.48%
CASY	A	-0.43%
TYL	B	-0.4%
BGC	C	-0.39%
STX	D	-0.38%
ZBRA	B	-0.37%
CG	A	-0.37%
A	D	-0.34%
WFRD	D	-0.31%
IESC	B	-0.31%
ANET	C	-0.29%
PAGP	A	-0.29%
BCPC	B	-0.29%
TSCO	D	-0.28%
SBAC	D	-0.28%
SNY	F	-0.28%
MORN	B	-0.28%
EWBC	A	-0.28%
PNFP	B	-0.27%
OTTR	C	-0.27%
MEDP	D	-0.27%
AMT	D	-0.27%
EVRG	A	-0.26%
SOFI	A	-0.26%
WWD	B	-0.25%
LITE	B	-0.25%
AXON	A	-0.25%
ICLR	D	-0.25%
UMBF	B	-0.24%
CYBR	B	-0.24%
UPST	B	-0.24%
IDCC	A	-0.24%
STRL	B	-0.24%
MTSI	B	-0.23%
HOOD	B	-0.23%
MSI	B	-0.22%
ERIE	D	-0.22%
RVMD	C	-0.22%
PTEN	C	-0.22%
EXPE	B	-0.22%
NBIX	C	-0.21%
COKE	C	-0.2%
PODD	C	-0.2%
NTRA	B	-0.2%
MANH	D	-0.2%
DJT	C	-0.2%
MPWR	F	-0.2%
FFIV	B	-0.2%
SAIA	B	-0.2%
INCY	C	-0.19%
NTRS	A	-0.19%
CL	D	-0.19%
AAON	B	-0.18%
REG	B	-0.18%
NOVT	D	-0.18%
ZION	B	-0.18%
ICUI	D	-0.18%
UTHR	C	-0.18%
MKSI	C	-0.18%
CHRW	C	-0.18%
TRMB	B	-0.18%
VRNS	D	-0.18%
OLLI	D	-0.18%
GH	B	-0.17%
CINF	A	-0.17%
MDGL	B	-0.17%
EBAY	D	-0.17%
OLED	D	-0.17%
LECO	B	-0.16%
WIX	B	-0.16%
MASI	A	-0.16%
ARGX	A	-0.16%
ITRI	B	-0.16%
JAZZ	B	-0.16%
MUSA	A	-0.16%
PCVX	D	-0.16%
BNTX	D	-0.16%
FITB	A	-0.16%
WTW	B	-0.16%
LSTR	D	-0.15%
POOL	C	-0.15%
FRPT	B	-0.14%
PH	A	-0.14%
ETN	A	-0.14%
PGR	A	-0.14%
ENSG	D	-0.14%
HALO	F	-0.14%
CHDN	B	-0.14%
MKTX	D	-0.13%
TECH	D	-0.13%
MIDD	C	-0.13%
SFM	A	-0.13%
MRUS	F	-0.13%
WAT	B	-0.13%
CYTK	F	-0.13%
RGLD	C	-0.13%
TTEK	F	-0.13%
VMC	B	-0.13%
GE	D	-0.12%
VKTX	F	-0.12%
LANC	C	-0.12%
KRYS	B	-0.12%
TWST	D	-0.12%
ROIV	C	-0.12%
MTD	D	-0.11%
UFPT	B	-0.11%
SHOO	D	-0.11%
TROW	B	-0.1%
MMYT	B	-0.09%
BL	B	-0.09%
DOCU	A	-0.09%
LOGI	D	-0.09%
HOLX	D	-0.09%
TRMD	F	-0.09%
CRVL	A	-0.09%
CVLT	B	-0.08%
CSWI	A	-0.07%
BMRN	D	-0.06%
ASND	D	-0.05%
NWSA	B	-0.05%
ACGL	D	-0.05%
GEV	B	-0.05%
CVCO	A	-0.04%
APA	D	-0.03%
QRVO	F	-0.03%
RGEN	D	-0.02%
REYN	D	-0.01%
RXST	F	-0.01%
TMDX	F	-0.01%
ACHC	F	-0.01%
LEGN	F	-0.01%
ACLS	F	-0.01%
APLS	D	-0.01%
LNTH	D	-0.01%
XRAY	F	-0.01%
SRPT	D	-0.01%
EXAS	D	-0.01%