PHEQ vs. QQA ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	QQA
30 Days	1.99%	4.30%
60 Days	3.02%	5.68%
90 Days	3.86%	6.30%
12 Months	16.61%

47 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in QQA	Overlap
AAPL	C	6.85%	6.56%	6.56%
ABNB	C	0.15%	0.29%	0.15%
ADBE	C	0.48%	1.11%	0.48%
AMD	F	0.51%	1.08%	0.51%
AMGN	D	0.45%	0.75%	0.45%
AMZN	C	4.1%	4.08%	4.08%
AVGO	D	1.71%	3.78%	1.71%
BKNG	A	0.39%	0.83%	0.39%
COST	B	1.07%	1.99%	1.07%
CRWD	B	0.17%	0.38%	0.17%
CSCO	B	0.79%	1.15%	0.79%
CTAS	B	0.42%	0.43%	0.42%
DASH	A	0.13%	0.32%	0.13%
DDOG	A	0.13%	0.19%	0.13%
FANG	D	0.24%	0.26%	0.24%
GOOG	C	1.9%	1.86%	1.86%
GOOGL	C	2.28%	1.94%	1.94%
ILMN	D	0.05%	0.11%	0.05%
ISRG	A	0.58%	0.93%	0.58%
KLAC	D	0.34%	0.41%	0.34%
LIN	D	0.67%	1.06%	0.67%
LRCX	F	0.29%	0.45%	0.29%
LULU	C	0.21%	0.19%	0.19%
MELI	D	0.25%	0.47%	0.25%
META	D	2.66%	3.69%	2.66%
MRNA	F	0.01%	0.07%	0.01%
MRVL	B	0.25%	0.38%	0.25%
MSFT	F	6.55%	5.91%	5.91%
MU	D	0.31%	0.53%	0.31%
NFLX	A	0.8%	1.75%	0.8%
NVDA	C	7.12%	6.68%	6.68%
ON	D	0.14%	0.14%	0.14%
PANW	C	0.3%	0.62%	0.3%
PEP	F	0.72%	1.08%	0.72%
PYPL	B	0.28%	0.43%	0.28%
QCOM	F	0.33%	0.88%	0.33%
REGN	F	0.21%	0.4%	0.21%
ROST	C	0.32%	0.23%	0.23%
TEAM	A	0.06%	0.19%	0.06%
TMUS	B	0.51%	1.36%	0.51%
TSLA	B	1.91%	2.98%	1.91%
TTD	B	0.18%	0.26%	0.18%
TXN	C	0.59%	0.91%	0.59%
VRTX	F	0.36%	0.6%	0.36%
WBD	C	0.18%	0.11%	0.11%
WDAY	B	0.13%	0.27%	0.13%
ZS	C	0.08%	0.15%	0.08%

PHEQ Overweight 156 Positions Relative to QQA

Symbol	Grade	Weight
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%
JNJ	D	1.04%
BAC	A	0.98%
WMT	A	0.96%
ABBV	D	0.85%
CVX	A	0.84%
KO	D	0.77%
ORCL	B	0.73%
MRK	F	0.69%
T	A	0.68%
WFC	A	0.67%
CRM	B	0.63%
NOW	A	0.61%
ABT	B	0.6%
TMO	F	0.59%
LMT	D	0.58%
DIS	B	0.57%
LOW	D	0.57%
AXP	A	0.57%
IBM	C	0.56%
CAT	B	0.55%
UNP	C	0.52%
MDT	D	0.51%
BMY	B	0.48%
TRGP	B	0.46%
KKR	A	0.46%
DE	A	0.44%
WM	A	0.44%
MMM	D	0.44%
ETR	B	0.4%
TRV	B	0.39%
DAL	C	0.39%
MS	A	0.39%
PRU	A	0.37%
PLTR	B	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%
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%
CNP	B	0.28%
AME	A	0.28%
SYF	B	0.27%
MAA	B	0.27%
CFG	B	0.26%
LII	A	0.25%
ARES	A	0.25%
GLW	B	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%
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%
SSNC	B	0.21%
ARE	D	0.21%
AMCR	D	0.21%
PFG	D	0.2%
MSTR	C	0.2%
ESS	B	0.19%
SPOT	B	0.19%
ZM	B	0.18%
PPG	F	0.18%
CPB	D	0.18%
CSL	C	0.18%
CAG	D	0.17%
DVN	F	0.17%
IFF	D	0.16%
AKAM	D	0.16%
HAL	C	0.16%
MOH	F	0.14%
APTV	D	0.14%
NDSN	B	0.14%
HEI	B	0.14%
ZBH	C	0.14%
DELL	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%
VRT	B	0.1%
VEEV	C	0.1%
SUI	D	0.1%
DOX	D	0.09%
TRU	D	0.09%
BLDR	D	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%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	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%

PHEQ Underweight 54 Positions Relative to QQA

Symbol	Grade	Weight
INTU	C	-0.95%
CMCSA	B	-0.82%
HON	B	-0.74%
AMAT	F	-0.69%
ADP	B	-0.6%
SBUX	A	-0.55%
GILD	C	-0.54%
ADI	D	-0.51%
INTC	D	-0.51%
MDLZ	F	-0.43%
SNPS	B	-0.4%
MAR	B	-0.39%
CDNS	B	-0.39%
PDD	F	-0.38%
FTNT	C	-0.36%
CEG	D	-0.35%
ORLY	B	-0.35%
CSX	B	-0.34%
ADSK	A	-0.32%
ASML	F	-0.31%
ROP	B	-0.29%
PCAR	B	-0.29%
CHTR	C	-0.28%
CPRT	A	-0.27%
NXPI	D	-0.27%
AEP	D	-0.25%
MNST	C	-0.25%
PAYX	C	-0.25%
FAST	B	-0.23%
ODFL	B	-0.23%
EA	A	-0.21%
BKR	B	-0.21%
KDP	D	-0.21%
VRSK	A	-0.2%
KHC	F	-0.19%
XEL	A	-0.19%
CTSH	B	-0.19%
EXC	C	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
IDXX	F	-0.17%
CCEP	C	-0.17%
MCHP	D	-0.16%
DXCM	D	-0.15%
TTWO	A	-0.15%
CSGP	D	-0.14%
ANSS	B	-0.14%
CDW	F	-0.12%
GFS	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
DLTR	F	-0.07%
SMCI	F	-0.05%