PHEQ vs. FXL ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to First Trust Technology AlphaDEX (FXL)

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

FXL

First Trust Technology AlphaDEX

FXL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$154.02

Average Daily Volume

17,257

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	FXL
30 Days	1.99%	10.22%
60 Days	3.02%	12.16%
90 Days	3.86%	12.82%
12 Months	16.61%	31.26%

31 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in FXL	Overlap
AAPL	C	6.85%	0.91%	0.91%
AKAM	D	0.16%	1.04%	0.16%
AMD	F	0.51%	0.25%	0.25%
AVGO	D	1.71%	1.17%	1.17%
CRM	B	0.63%	0.72%	0.63%
CRWD	B	0.17%	0.36%	0.17%
DASH	A	0.13%	1.89%	0.13%
DDOG	A	0.13%	0.34%	0.13%
DELL	C	0.14%	1.06%	0.14%
DOX	D	0.09%	1.16%	0.09%
GLW	B	0.25%	0.31%	0.25%
GOOGL	C	2.28%	0.63%	0.63%
IBM	C	0.56%	0.56%	0.56%
KLAC	D	0.34%	0.25%	0.25%
META	D	2.66%	1.57%	1.57%
MSFT	F	6.55%	0.29%	0.29%
MSTR	C	0.2%	1.15%	0.2%
MU	D	0.31%	0.28%	0.28%
NET	B	0.07%	0.34%	0.07%
NOW	A	0.61%	1.38%	0.61%
NVDA	C	7.12%	1.43%	1.43%
ON	D	0.14%	1.44%	0.14%
ORCL	B	0.73%	1.3%	0.73%
PANW	C	0.3%	1.08%	0.3%
PLTR	B	0.36%	2.47%	0.36%
QCOM	F	0.33%	0.9%	0.33%
SSNC	B	0.21%	0.93%	0.21%
TXN	C	0.59%	0.59%	0.59%
VRT	B	0.1%	1.89%	0.1%
WDAY	B	0.13%	0.33%	0.13%
ZM	B	0.18%	1.4%	0.18%

PHEQ Overweight 172 Positions Relative to FXL

Symbol	Grade	Weight
AMZN	C	4.1%
TSLA	B	1.91%
GOOG	C	1.9%
JPM	A	1.73%
BRK.A	B	1.42%
XOM	B	1.4%
LLY	F	1.39%
UNH	C	1.37%
V	A	1.28%
HD	A	1.15%
MA	C	1.14%
PG	A	1.09%
COST	B	1.07%
JNJ	D	1.04%
BAC	A	0.98%
WMT	A	0.96%
ABBV	D	0.85%
CVX	A	0.84%
NFLX	A	0.8%
CSCO	B	0.79%
KO	D	0.77%
PEP	F	0.72%
MRK	F	0.69%
T	A	0.68%
WFC	A	0.67%
LIN	D	0.67%
ABT	B	0.6%
TMO	F	0.59%
LMT	D	0.58%
ISRG	A	0.58%
DIS	B	0.57%
LOW	D	0.57%
AXP	A	0.57%
CAT	B	0.55%
UNP	C	0.52%
MDT	D	0.51%
TMUS	B	0.51%
BMY	B	0.48%
ADBE	C	0.48%
TRGP	B	0.46%
KKR	A	0.46%
AMGN	D	0.45%
DE	A	0.44%
WM	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%
VRTX	F	0.36%
HWM	A	0.36%
AVB	B	0.35%
SCHW	B	0.35%
PPL	B	0.34%
K	A	0.34%
RSG	A	0.34%
LNT	A	0.33%
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%
LH	C	0.31%
CMS	C	0.31%
BRO	B	0.31%
HBAN	A	0.31%
DTE	C	0.31%
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%
MRO	B	0.24%
L	A	0.24%
FE	C	0.24%
NDAQ	A	0.24%
URI	B	0.24%
JBHT	C	0.24%
RMD	C	0.24%
FANG	D	0.24%
MKL	A	0.23%
NEM	D	0.23%
ULTA	F	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%
ESS	B	0.19%
SPOT	B	0.19%
TTD	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CPB	D	0.18%
CSL	C	0.18%
CAG	D	0.17%
DVN	F	0.17%
IFF	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%
HUBS	A	0.14%
MGM	D	0.13%
HUBB	B	0.13%
ALNY	D	0.13%
FCNCA	A	0.13%
SQ	B	0.12%
RBLX	C	0.12%
BAH	F	0.12%
COIN	C	0.12%
TW	A	0.11%
STLD	B	0.11%
IBKR	A	0.11%
VEEV	C	0.1%
SUI	D	0.1%
TRU	D	0.09%
BLDR	D	0.08%
ZS	C	0.08%
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%
OKTA	C	0.04%
WLK	D	0.04%
BSY	D	0.04%
RPRX	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 71 Positions Relative to FXL

Symbol	Grade	Weight
APP	B	-3.39%
TOST	B	-2.22%
PEGA	A	-1.88%
GWRE	A	-1.66%
GFS	C	-1.65%
CTSH	B	-1.63%
HPE	B	-1.62%
DXC	B	-1.62%
PAYC	B	-1.6%
SMAR	A	-1.57%
IPGP	D	-1.57%
DOCU	A	-1.53%
AVT	C	-1.52%
FTNT	C	-1.44%
GDDY	A	-1.4%
TWLO	A	-1.39%
ARW	D	-1.35%
AMKR	D	-1.32%
SWKS	F	-1.32%
JBL	B	-1.28%
DNB	B	-1.27%
INTC	D	-1.26%
TYL	B	-1.25%
HPQ	B	-1.21%
CNXC	F	-1.21%
DT	C	-1.19%
MANH	D	-1.18%
EPAM	C	-1.15%
SNX	C	-1.14%
NTNX	A	-1.12%
RNG	B	-1.08%
S	B	-1.07%
FFIV	B	-1.03%
DBX	B	-1.01%
IT	C	-0.99%
CRUS	D	-0.97%
HCP	B	-0.93%
CACI	D	-0.91%
NTAP	C	-0.89%
DLB	B	-0.89%
AMAT	F	-0.86%
SAIC	F	-0.84%
MTCH	D	-0.77%
MPWR	F	-0.74%
DAY	B	-0.74%
DV	C	-0.71%
GLOB	B	-0.68%
ADSK	A	-0.66%
APH	A	-0.66%
ROP	B	-0.6%
LSCC	D	-0.57%
VRSN	F	-0.57%
KBR	F	-0.55%
IAC	D	-0.52%
U	C	-0.49%
MCHP	D	-0.48%
OLED	D	-0.47%
ONTO	D	-0.47%
TER	D	-0.47%
PYCR	C	-0.36%
KD	B	-0.36%
GTLB	B	-0.35%
ANSS	B	-0.32%
GEN	B	-0.32%
INFA	D	-0.3%
APPF	B	-0.29%
PSTG	D	-0.29%
ADI	D	-0.27%
SMCI	F	-0.26%
ALGM	D	-0.25%
CDW	F	-0.24%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction