PHEQ vs. MGC ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Vanguard Mega Cap ETF (MGC)

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

$29.16

Average Daily Volume

21,374

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

MGC

Vanguard Mega Cap ETF

MGC Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$210.88

Average Daily Volume

66,726

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	MGC
30 Days	0.98%	0.71%
60 Days	2.26%	4.37%
90 Days	3.26%	5.69%
12 Months	16.34%	32.79%

79 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in MGC	Overlap
AAPL	C	6.78%	8.35%	6.78%
ABBV	F	0.87%	0.87%	0.87%
ABNB	C	0.15%	0.12%	0.12%
ABT	B	0.6%	0.49%	0.49%
ADBE	F	0.5%	0.57%	0.5%
AMD	F	0.54%	0.66%	0.54%
AMGN	D	0.47%	0.43%	0.43%
AMZN	B	4.2%	4.37%	4.2%
AVGO	C	1.82%	1.99%	1.82%
AXP	A	0.57%	0.33%	0.33%
BA	F	0.33%	0.23%	0.23%
BAC	A	0.95%	0.69%	0.69%
BKNG	A	0.39%	0.35%	0.35%
BMY	B	0.5%	0.26%	0.26%
BRK.A	A	1.4%	1.94%	1.4%
BRK.A	A	1.4%	0.14%	0.14%
CAT	B	0.56%	0.47%	0.47%
COST	B	1.09%	0.98%	0.98%
CRM	A	0.66%	0.63%	0.63%
CRWD	B	0.17%	0.16%	0.16%
CSCO	B	0.8%	0.48%	0.48%
CVX	A	0.8%	0.63%	0.63%
DE	D	0.43%	0.27%	0.27%
DELL	C	0.15%	0.08%	0.08%
DIS	A	0.49%	0.43%	0.43%
GOOG	B	1.99%	1.98%	1.98%
GOOGL	B	2.38%	2.4%	2.38%
HD	A	1.13%	1.0%	1.0%
IBM	D	0.57%	0.51%	0.51%
ISRG	A	0.59%	0.43%	0.43%
JNJ	D	1.03%	0.97%	0.97%
JPM	A	1.68%	1.49%	1.49%
KKR	A	0.47%	0.22%	0.22%
KLAC	F	0.36%	0.26%	0.26%
KMB	C	0.32%	0.12%	0.12%
KO	D	0.79%	0.69%	0.69%
LIN	D	0.67%	0.57%	0.57%
LLY	F	1.52%	1.88%	1.52%
LMT	D	0.61%	0.35%	0.35%
LOW	A	0.57%	0.38%	0.38%
MA	A	1.15%	1.01%	1.01%
MDT	D	0.51%	0.29%	0.29%
META	C	2.79%	3.1%	2.79%
MMM	D	0.44%	0.19%	0.19%
MRK	F	0.7%	0.71%	0.7%
MRVL	B	0.26%	0.08%	0.08%
MS	A	0.39%	0.31%	0.31%
MSFT	D	6.62%	7.94%	6.62%
MU	D	0.33%	0.29%	0.29%
NFLX	A	0.79%	0.76%	0.76%
NOW	B	0.63%	0.46%	0.46%
NVDA	B	7.38%	7.04%	7.04%
ORCL	A	0.75%	0.7%	0.7%
PANW	B	0.3%	0.27%	0.27%
PEP	F	0.74%	0.58%	0.58%
PG	C	1.06%	1.01%	1.01%
PYPL	A	0.28%	0.2%	0.2%
QCOM	F	0.33%	0.47%	0.33%
REGN	F	0.22%	0.28%	0.22%
ROST	D	0.32%	0.12%	0.12%
RSG	B	0.35%	0.1%	0.1%
SCHW	A	0.34%	0.24%	0.24%
SNOW	C	0.06%	0.04%	0.04%
T	A	0.66%	0.39%	0.39%
TMO	D	0.62%	0.59%	0.59%
TMUS	A	0.52%	0.24%	0.24%
TRV	A	0.38%	0.13%	0.13%
TSLA	B	1.94%	1.76%	1.76%
TXN	C	0.62%	0.47%	0.47%
UBER	C	0.28%	0.37%	0.28%
UNH	B	1.41%	1.34%	1.34%
UNP	D	0.52%	0.37%	0.37%
V	A	1.27%	1.14%	1.14%
VRTX	C	0.38%	0.3%	0.3%
WDAY	B	0.13%	0.13%	0.13%
WFC	A	0.65%	0.48%	0.48%
WM	B	0.45%	0.21%	0.21%
WMT	A	0.96%	0.89%	0.89%
XOM	B	1.4%	1.29%	1.29%

PHEQ Overweight 125 Positions Relative to MGC

Symbol	Grade	Weight
TRGP	A	0.45%
CTAS	B	0.44%
ETR	A	0.4%
DAL	A	0.39%
PRU	A	0.36%
HWM	A	0.36%
K	B	0.34%
AVB	A	0.34%
DOV	A	0.33%
YUM	D	0.33%
HIG	C	0.33%
PPL	A	0.33%
OTIS	D	0.33%
LH	B	0.32%
LNT	A	0.32%
PLTR	A	0.32%
CMS	C	0.31%
COR	B	0.31%
HBAN	A	0.31%
LRCX	F	0.31%
DTE	C	0.31%
EXR	C	0.31%
EQR	C	0.31%
BRO	B	0.31%
DOC	D	0.3%
DRI	B	0.3%
PHM	D	0.3%
AEE	A	0.3%
APO	A	0.3%
AME	A	0.28%
SYF	A	0.27%
MAA	A	0.27%
CNP	A	0.27%
ARES	B	0.26%
GLW	B	0.26%
MELI	D	0.26%
URI	B	0.25%
FANG	D	0.25%
JBHT	B	0.25%
RMD	C	0.25%
CFG	A	0.25%
LII	B	0.25%
ULTA	D	0.24%
NDAQ	A	0.24%
EXPD	D	0.23%
NEM	F	0.23%
MRO	A	0.23%
L	A	0.23%
FE	C	0.23%
HEI	A	0.22%
LNG	A	0.22%
MKL	A	0.22%
LYB	F	0.22%
AMCR	C	0.21%
SSNC	D	0.21%
MSTR	B	0.21%
ARE	D	0.21%
LULU	C	0.21%
PFG	C	0.2%
WRB	A	0.2%
CSL	B	0.19%
CPB	D	0.19%
ESS	A	0.19%
ZM	B	0.19%
TTD	B	0.19%
SPOT	A	0.18%
PPG	F	0.18%
WBD	B	0.18%
HAL	C	0.17%
AKAM	F	0.17%
DVN	F	0.17%
CAG	F	0.17%
IFF	D	0.16%
APTV	F	0.15%
ALNY	D	0.15%
MOH	F	0.15%
BAH	D	0.15%
HUBS	A	0.15%
ON	F	0.15%
ZBH	C	0.14%
HEI	A	0.14%
NDSN	B	0.14%
COIN	A	0.13%
RBLX	B	0.13%
DASH	B	0.13%
HUBB	B	0.13%
FCNCA	A	0.13%
SQ	A	0.12%
MGM	D	0.12%
DDOG	B	0.12%
TW	B	0.11%
IBKR	A	0.11%
STLD	B	0.11%
VEEV	C	0.11%
TRU	D	0.1%
VRT	A	0.1%
SUI	D	0.1%
ZS	B	0.09%
DOX	D	0.09%
DKNG	B	0.08%
BLDR	D	0.08%
NET	C	0.07%
AGR	A	0.07%
SCCO	F	0.07%
YUMC	B	0.07%
ALGN	D	0.06%
ILMN	C	0.06%
AVTR	F	0.06%
TEAM	A	0.06%
LPLA	A	0.05%
SNAP	D	0.05%
CE	F	0.05%
OWL	A	0.05%
WLK	F	0.04%
OKTA	D	0.04%
RKT	F	0.04%
RPRX	F	0.04%
BSY	D	0.04%
CPNG	C	0.03%
PINS	F	0.03%
SIRI	C	0.03%
ENPH	F	0.03%
WSM	F	0.02%
WMG	B	0.02%
MRNA	F	0.01%

PHEQ Underweight 113 Positions Relative to MGC

Symbol	Grade	Weight
ACN	C	-0.55%
MCD	D	-0.54%
GE	D	-0.48%
PM	A	-0.47%
DHR	D	-0.45%
NEE	C	-0.43%
VZ	C	-0.42%
PFE	F	-0.41%
INTU	A	-0.41%
SPGI	C	-0.41%
AMAT	F	-0.41%
RTX	D	-0.4%
CMCSA	B	-0.4%
GS	A	-0.39%
PGR	B	-0.37%
ETN	A	-0.33%
TJX	A	-0.33%
BLK	A	-0.33%
HON	A	-0.33%
BSX	B	-0.31%
SYK	A	-0.31%
ELV	F	-0.3%
COP	C	-0.3%
PLD	D	-0.29%
ADP	B	-0.28%
C	A	-0.28%
ADI	D	-0.28%
AMT	D	-0.27%
MMC	C	-0.27%
BX	A	-0.27%
SBUX	A	-0.27%
CB	C	-0.27%
FI	A	-0.26%
GILD	B	-0.26%
NKE	D	-0.26%
UPS	C	-0.25%
ANET	C	-0.24%
CI	D	-0.24%
MDLZ	F	-0.24%
SO	C	-0.24%
ICE	D	-0.23%
SHW	B	-0.22%
MO	A	-0.22%
TT	A	-0.22%
DUK	C	-0.22%
INTC	C	-0.22%
EQIX	B	-0.21%
CL	D	-0.21%
CMG	B	-0.2%
CVS	F	-0.2%
CME	A	-0.2%
ZTS	D	-0.2%
PH	A	-0.2%
NOC	D	-0.19%
SNPS	C	-0.19%
GD	D	-0.18%
USB	B	-0.18%
AON	A	-0.18%
FCX	F	-0.18%
TGT	D	-0.18%
HCA	D	-0.18%
PNC	A	-0.18%
MCO	C	-0.18%
ITW	B	-0.18%
CDNS	B	-0.18%
ORLY	A	-0.17%
CSX	B	-0.17%
BDX	F	-0.17%
EOG	A	-0.17%
AFL	C	-0.16%
EMR	A	-0.16%
MCK	A	-0.16%
ECL	D	-0.16%
APD	A	-0.16%
ADSK	B	-0.15%
SLB	C	-0.15%
ROP	C	-0.15%
FDX	A	-0.15%
MPC	D	-0.14%
AEP	C	-0.14%
PSX	C	-0.14%
MAR	A	-0.14%
NSC	B	-0.14%
TFC	A	-0.14%
PSA	C	-0.14%
GM	A	-0.13%
CCI	D	-0.13%
SRE	A	-0.13%
BK	A	-0.13%
COF	A	-0.13%
MET	A	-0.12%
PAYX	B	-0.11%
KDP	D	-0.1%
VLO	C	-0.1%
F	C	-0.1%
STZ	D	-0.1%
GEV	A	-0.09%
MNST	D	-0.09%
HUM	F	-0.09%
OXY	F	-0.08%
AZO	C	-0.07%
KHC	F	-0.07%
WMB	A	-0.07%
HLT	A	-0.07%
CHTR	B	-0.07%
AIG	B	-0.06%
FTNT	A	-0.06%
D	C	-0.06%
JCI	A	-0.06%
SPG	A	-0.06%
EW	C	-0.05%
KMI	A	-0.05%
EL	F	-0.03%