PHEQ vs. JUST ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

$29.38

Average Daily Volume

21,561

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.54

Average Daily Volume

7,875

Number of Holdings ^*

455

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	JUST
30 Days	1.73%	2.10%
60 Days	3.05%	5.63%
90 Days	4.04%	7.15%
12 Months	17.22%	33.30%

122 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in JUST	Overlap
AAPL	C	6.78%	7.27%	6.78%
ABBV	F	0.87%	0.82%	0.82%
ABNB	C	0.15%	0.16%	0.15%
ABT	C	0.6%	0.47%	0.47%
ADBE	C	0.5%	0.48%	0.48%
AEE	B	0.3%	0.07%	0.07%
AGR	C	0.07%	0.01%	0.01%
AKAM	F	0.17%	0.04%	0.04%
ALNY	D	0.15%	0.08%	0.08%
AMD	F	0.54%	0.51%	0.51%
AME	A	0.28%	0.11%	0.11%
AMGN	F	0.47%	0.39%	0.39%
AMZN	A	4.2%	5.05%	4.2%
APTV	F	0.15%	0.04%	0.04%
AVB	B	0.34%	0.11%	0.11%
AVGO	C	1.82%	1.77%	1.77%
AVTR	F	0.06%	0.04%	0.04%
AXP	B	0.57%	0.4%	0.4%
BA	F	0.33%	0.27%	0.27%
BAC	A	0.95%	0.84%	0.84%
BAH	C	0.15%	0.06%	0.06%
BKNG	A	0.39%	0.46%	0.39%
BMY	B	0.5%	0.26%	0.26%
CAT	B	0.56%	0.49%	0.49%
CE	F	0.05%	0.03%	0.03%
CNP	B	0.27%	0.05%	0.05%
COR	B	0.31%	0.1%	0.1%
COST	B	1.09%	1.07%	1.07%
CPB	F	0.19%	0.02%	0.02%
CRM	B	0.66%	0.62%	0.62%
CSCO	A	0.8%	0.52%	0.52%
CSL	B	0.19%	0.05%	0.05%
CVX	A	0.8%	0.64%	0.64%
DAL	A	0.39%	0.11%	0.11%
DE	D	0.43%	0.26%	0.26%
DIS	B	0.49%	0.48%	0.48%
DVN	F	0.17%	0.06%	0.06%
EQR	C	0.31%	0.09%	0.09%
ESS	C	0.19%	0.07%	0.07%
ETR	B	0.4%	0.09%	0.09%
GLW	B	0.26%	0.08%	0.08%
GOOG	C	1.99%	1.89%	1.89%
GOOGL	C	2.38%	2.23%	2.23%
HAL	C	0.17%	0.06%	0.06%
HBAN	A	0.31%	0.07%	0.07%
HD	B	1.13%	1.08%	1.08%
HIG	C	0.33%	0.1%	0.1%
IBM	D	0.57%	0.43%	0.43%
IFF	F	0.16%	0.07%	0.07%
ILMN	C	0.06%	0.06%	0.06%
ISRG	A	0.59%	0.42%	0.42%
JPM	A	1.68%	1.89%	1.68%
K	A	0.34%	0.06%	0.06%
KMB	D	0.32%	0.12%	0.12%
KO	F	0.79%	0.66%	0.66%
LH	B	0.32%	0.05%	0.05%
LII	B	0.25%	0.05%	0.05%
LIN	D	0.67%	0.59%	0.59%
LLY	F	1.52%	1.48%	1.48%
LMT	D	0.61%	0.3%	0.3%
LNG	B	0.22%	0.11%	0.11%
LOW	B	0.57%	0.42%	0.42%
LPLA	A	0.05%	0.06%	0.05%
LRCX	F	0.31%	0.22%	0.22%
LULU	B	0.21%	0.1%	0.1%
LYB	F	0.22%	0.06%	0.06%
MA	B	1.15%	1.09%	1.09%
MDT	D	0.51%	0.26%	0.26%
MGM	D	0.12%	0.02%	0.02%
MMM	C	0.44%	0.18%	0.18%
MRK	F	0.7%	0.59%	0.59%
MRNA	F	0.01%	0.04%	0.01%
MRVL	B	0.26%	0.17%	0.17%
MS	A	0.39%	0.41%	0.39%
MSFT	C	6.62%	6.85%	6.62%
MU	D	0.33%	0.26%	0.26%
NDAQ	B	0.24%	0.09%	0.09%
NDSN	B	0.14%	0.04%	0.04%
NEM	F	0.23%	0.14%	0.14%
NET	B	0.07%	0.06%	0.06%
NOW	A	0.63%	0.45%	0.45%
NVDA	A	7.38%	7.32%	7.32%
OKTA	C	0.04%	0.03%	0.03%
ON	F	0.15%	0.07%	0.07%
OTIS	D	0.33%	0.11%	0.11%
OWL	B	0.05%	0.03%	0.03%
PANW	B	0.3%	0.25%	0.25%
PEP	D	0.74%	0.6%	0.6%
PFG	C	0.2%	0.06%	0.06%
PG	C	1.06%	1.02%	1.02%
PPG	F	0.18%	0.08%	0.08%
PPL	A	0.33%	0.07%	0.07%
PRU	B	0.36%	0.13%	0.13%
PYPL	A	0.28%	0.21%	0.21%
QCOM	F	0.33%	0.41%	0.33%
REGN	F	0.22%	0.2%	0.2%
RKT	F	0.04%	0.01%	0.01%
RMD	C	0.25%	0.08%	0.08%
SCHW	B	0.34%	0.31%	0.31%
SYF	B	0.27%	0.06%	0.06%
T	A	0.66%	0.36%	0.36%
TMO	F	0.62%	0.49%	0.49%
TMUS	A	0.52%	0.25%	0.25%
TRU	D	0.1%	0.05%	0.05%
TRV	B	0.38%	0.17%	0.17%
TW	B	0.11%	0.04%	0.04%
TXN	B	0.62%	0.41%	0.41%
UBER	F	0.28%	0.4%	0.28%
UNH	B	1.41%	1.2%	1.2%
UNP	D	0.52%	0.37%	0.37%
URI	B	0.25%	0.14%	0.14%
V	A	1.27%	1.21%	1.21%
VRTX	B	0.38%	0.3%	0.3%
WBD	B	0.18%	0.05%	0.05%
WDAY	B	0.13%	0.11%	0.11%
WM	A	0.45%	0.25%	0.25%
WMT	A	0.96%	0.99%	0.96%
WSM	F	0.02%	0.05%	0.02%
XOM	B	1.4%	1.31%	1.31%
ZBH	C	0.14%	0.05%	0.05%
ZM	B	0.19%	0.04%	0.04%
ZS	B	0.09%	0.04%	0.04%

PHEQ Overweight 81 Positions Relative to JUST

Symbol	Grade	Weight
META	B	2.79%
TSLA	B	1.94%
BRK.A	B	1.4%
JNJ	D	1.03%
NFLX	A	0.79%
ORCL	A	0.75%
WFC	A	0.65%
KKR	B	0.47%
TRGP	B	0.45%
CTAS	B	0.44%
HWM	B	0.36%
KLAC	F	0.36%
RSG	B	0.35%
DOV	A	0.33%
YUM	B	0.33%
LNT	C	0.32%
ROST	D	0.32%
PLTR	B	0.32%
CMS	D	0.31%
DTE	D	0.31%
EXR	D	0.31%
BRO	B	0.31%
DOC	C	0.3%
DRI	B	0.3%
PHM	D	0.3%
APO	B	0.3%
MAA	C	0.27%
ARES	B	0.26%
MELI	D	0.26%
FANG	C	0.25%
JBHT	C	0.25%
CFG	B	0.25%
ULTA	C	0.24%
EXPD	C	0.23%
MRO	B	0.23%
L	A	0.23%
FE	D	0.23%
HEI	A	0.22%
MKL	A	0.22%
AMCR	D	0.21%
SSNC	C	0.21%
MSTR	B	0.21%
ARE	F	0.21%
WRB	B	0.2%
TTD	B	0.19%
SPOT	A	0.18%
CRWD	B	0.17%
CAG	F	0.17%
DELL	C	0.15%
MOH	F	0.15%
HUBS	B	0.15%
HEI	A	0.14%
COIN	B	0.13%
RBLX	B	0.13%
DASH	A	0.13%
HUBB	C	0.13%
FCNCA	B	0.13%
SQ	B	0.12%
DDOG	B	0.12%
IBKR	A	0.11%
STLD	C	0.11%
VEEV	B	0.11%
VRT	B	0.1%
SUI	F	0.1%
DOX	C	0.09%
DKNG	B	0.08%
BLDR	C	0.08%
SCCO	F	0.07%
YUMC	C	0.07%
SNOW	C	0.06%
ALGN	D	0.06%
TEAM	B	0.06%
SNAP	C	0.05%
WLK	F	0.04%
RPRX	F	0.04%
BSY	F	0.04%
CPNG	B	0.03%
PINS	F	0.03%
SIRI	C	0.03%
ENPH	F	0.03%
WMG	B	0.02%

PHEQ Underweight 333 Positions Relative to JUST

Symbol	Grade	Weight
ACN	B	-0.57%
GE	D	-0.5%
GS	B	-0.49%
NEE	D	-0.46%
SPGI	C	-0.45%
PGR	A	-0.43%
RTX	D	-0.41%
VZ	D	-0.4%
INTU	A	-0.38%
PLD	D	-0.37%
DHR	F	-0.37%
CMCSA	B	-0.37%
C	B	-0.36%
PFE	F	-0.36%
AMAT	F	-0.35%
AMT	F	-0.35%
TJX	A	-0.35%
ETN	B	-0.35%
HON	B	-0.35%
MMC	D	-0.32%
SYK	A	-0.31%
ADP	A	-0.31%
COP	C	-0.31%
SBUX	B	-0.3%
EQIX	B	-0.3%
FI	A	-0.3%
BSX	A	-0.29%
UPS	C	-0.26%
NKE	F	-0.26%
GILD	B	-0.26%
ICE	C	-0.26%
DUK	D	-0.25%
CME	B	-0.24%
ADI	D	-0.24%
MDLZ	F	-0.24%
TT	B	-0.23%
SHW	A	-0.23%
MCO	C	-0.22%
INTC	C	-0.22%
GEV	B	-0.22%
ELV	F	-0.22%
PNC	B	-0.22%
USB	B	-0.22%
CEG	D	-0.21%
CMG	B	-0.21%
AON	B	-0.21%
CL	F	-0.2%
CI	D	-0.2%
DLR	C	-0.2%
ZTS	D	-0.19%
TGT	C	-0.19%
AFL	C	-0.18%
CDNS	B	-0.18%
SNPS	C	-0.18%
MCK	B	-0.18%
FCX	F	-0.18%
APD	B	-0.18%
CVS	F	-0.18%
NOC	D	-0.18%
CCI	F	-0.17%
ECL	C	-0.17%
TFC	B	-0.17%
BK	B	-0.17%
CSX	B	-0.17%
EMR	A	-0.17%
BDX	F	-0.16%
WMB	B	-0.16%
HCA	D	-0.16%
HLT	A	-0.16%
CARR	C	-0.16%
COF	B	-0.16%
MAR	A	-0.16%
GM	B	-0.16%
FDX	B	-0.16%
AIG	B	-0.15%
SRE	B	-0.15%
AEP	D	-0.15%
AMP	A	-0.15%
MET	C	-0.14%
RCL	A	-0.14%
ADSK	B	-0.14%
OKE	A	-0.14%
D	D	-0.14%
ALL	B	-0.14%
CBRE	B	-0.14%
CMI	A	-0.13%
IRM	D	-0.13%
MPC	D	-0.13%
MSCI	B	-0.13%
JCI	A	-0.13%
PWR	B	-0.12%
KMI	B	-0.12%
PEG	C	-0.12%
VST	B	-0.12%
LHX	B	-0.12%
CPRT	A	-0.12%
IR	A	-0.11%
VRSK	A	-0.11%
CSGP	F	-0.11%
EXC	C	-0.11%
FTNT	B	-0.11%
DFS	B	-0.11%
F	C	-0.11%
EA	A	-0.11%
MLM	B	-0.1%
BKR	B	-0.1%
KDP	C	-0.1%
GIS	F	-0.1%
SYY	D	-0.1%
ACGL	C	-0.1%
XEL	A	-0.1%
VLO	C	-0.1%
CTSH	A	-0.09%
SBAC	D	-0.09%
FITB	A	-0.09%
GRMN	A	-0.09%
DOW	F	-0.09%
IQV	F	-0.09%
EIX	C	-0.09%
WAB	B	-0.09%
IT	B	-0.09%
VTR	C	-0.09%
EW	F	-0.09%
WTW	A	-0.09%
DD	D	-0.09%
MTB	A	-0.09%
A	F	-0.09%
HES	B	-0.09%
BR	A	-0.08%
TTWO	A	-0.08%
AWK	D	-0.08%
XYL	F	-0.08%
MPWR	F	-0.08%
IDXX	F	-0.08%
CNC	F	-0.08%
ROK	B	-0.08%
HPQ	B	-0.08%
TSCO	D	-0.08%
WY	F	-0.08%
CHTR	B	-0.08%
OXY	F	-0.08%
STT	B	-0.08%
EBAY	C	-0.08%
CBOE	D	-0.07%
ADM	F	-0.07%
FTV	C	-0.07%
DECK	B	-0.07%
HSY	F	-0.07%
KEYS	C	-0.07%
HUM	D	-0.07%
UAL	A	-0.07%
NTAP	D	-0.06%
EXPE	B	-0.06%
KIM	A	-0.06%
BIIB	F	-0.06%
TYL	B	-0.06%
FSLR	F	-0.06%
HPE	B	-0.06%
LDOS	C	-0.06%
ES	D	-0.06%
DXCM	C	-0.06%
CAH	B	-0.06%
ANSS	B	-0.06%
RF	A	-0.06%
IEX	B	-0.05%
TSN	B	-0.05%
JLL	C	-0.05%
KEY	B	-0.05%
MAS	D	-0.05%
J	D	-0.05%
LVS	C	-0.05%
WDC	D	-0.05%
BALL	D	-0.05%
UDR	C	-0.05%
LUV	B	-0.05%
CLX	A	-0.05%
ZBRA	B	-0.05%
WAT	B	-0.05%
GDDY	B	-0.05%
MKC	D	-0.05%
NRG	C	-0.05%
BBY	C	-0.05%
OMC	A	-0.05%
GWRE	A	-0.04%
GEN	B	-0.04%
NTNX	B	-0.04%
USFD	B	-0.04%
TER	F	-0.04%
UNM	A	-0.04%
ACM	B	-0.04%
SWK	F	-0.04%
DGX	B	-0.04%
TXT	D	-0.04%
BAX	F	-0.04%
MDB	C	-0.04%
RGA	A	-0.04%
EL	F	-0.04%
PNR	A	-0.04%
HOLX	D	-0.04%
OC	A	-0.04%
CF	B	-0.04%
BXP	D	-0.04%
EQH	B	-0.04%
ARMK	B	-0.03%
SOLV	C	-0.03%
DAY	B	-0.03%
AFRM	B	-0.03%
AYI	A	-0.03%
TAP	B	-0.03%
ALLY	C	-0.03%
PNW	A	-0.03%
FHN	A	-0.03%
JNPR	D	-0.03%
INCY	B	-0.03%
CNH	D	-0.03%
INGR	B	-0.03%
FBIN	F	-0.03%
NWSA	B	-0.03%
AA	C	-0.03%
FOXA	A	-0.03%
ATR	A	-0.03%
AES	F	-0.03%
AIZ	A	-0.03%
NVT	C	-0.03%
DKS	D	-0.03%
MKTX	C	-0.03%
ALB	C	-0.03%
BLD	F	-0.03%
ITT	A	-0.03%
NCLH	B	-0.03%
EMN	D	-0.03%
SOFI	B	-0.03%
BG	D	-0.03%
CHRW	A	-0.03%
IPG	F	-0.03%
FFIV	B	-0.03%
TPR	A	-0.03%
KMX	B	-0.03%
DOCU	B	-0.03%
Z	B	-0.03%
SCI	B	-0.03%
CLF	F	-0.02%
VNT	C	-0.02%
FOX	A	-0.02%
THG	A	-0.02%
LEA	F	-0.02%
DBX	B	-0.02%
AZEK	B	-0.02%
WHR	B	-0.02%
SMAR	A	-0.02%
LNC	B	-0.02%
COLB	A	-0.02%
ALK	A	-0.02%
PVH	C	-0.02%
AWI	B	-0.02%
DVA	C	-0.02%
RGEN	C	-0.02%
FCN	F	-0.02%
LPX	A	-0.02%
PARA	B	-0.02%
OSK	B	-0.02%
SITE	D	-0.02%
AXS	A	-0.02%
ETSY	D	-0.02%
RRC	B	-0.02%
APA	F	-0.02%
WBA	D	-0.02%
IVZ	B	-0.02%
H	B	-0.02%
BERY	D	-0.02%
MTG	C	-0.02%
WH	A	-0.02%
BBWI	C	-0.02%
HSIC	F	-0.02%
FMC	F	-0.02%
SNV	B	-0.02%
KBR	D	-0.02%
VFC	C	-0.02%
MTCH	F	-0.02%
VOYA	B	-0.02%
TFX	F	-0.02%
CIEN	B	-0.02%
GPK	D	-0.02%
BWA	B	-0.02%
HRB	D	-0.02%
PNFP	B	-0.02%
AAL	B	-0.02%
MOS	D	-0.02%
HAS	D	-0.02%
HRL	F	-0.02%
CMA	A	-0.02%
EXEL	B	-0.02%
CAR	C	-0.01%
KSS	D	-0.01%
DV	C	-0.01%
PINC	B	-0.01%
TDC	F	-0.01%
PENN	B	-0.01%
NVST	C	-0.01%
PEGA	B	-0.01%
RARE	F	-0.01%
PAG	B	-0.01%
MDU	D	-0.01%
BHF	B	-0.01%
SPR	F	-0.01%
YETI	D	-0.01%
OGN	F	-0.01%
NWS	B	-0.01%
TNL	A	-0.01%
LITE	B	-0.01%
W	F	-0.01%
PII	F	-0.01%
WU	F	-0.01%
XRAY	F	-0.01%
M	C	-0.01%
ZG	B	-0.01%
GTLB	B	-0.01%
CHH	B	-0.01%
TKR	F	-0.01%
HOG	D	-0.01%
GAP	B	-0.01%
LOPE	B	-0.01%
ST	F	-0.01%
SON	F	-0.01%
CRUS	F	-0.01%
INSP	F	-0.01%
AGO	B	-0.01%
DINO	D	-0.01%
SLM	A	-0.01%
ESTC	C	-0.01%
AGCO	F	-0.01%
SNDR	B	-0.0%
QS	F	-0.0%