PHEQ vs. QUS ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to SPDR MSCI USA Quality Mix ETF (QUS)

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

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	QUS
30 Days	1.99%	2.25%
60 Days	3.02%	3.15%
90 Days	3.86%	4.45%
12 Months	16.61%	29.35%

194 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in QUS	Overlap
AAPL	C	6.85%	3.24%	3.24%
ABBV	D	0.85%	0.49%	0.49%
ABNB	C	0.15%	0.02%	0.02%
ABT	B	0.6%	0.16%	0.16%
ADBE	C	0.48%	0.71%	0.48%
AEE	A	0.3%	0.11%	0.11%
AKAM	D	0.16%	0.14%	0.14%
ALGN	D	0.06%	0.01%	0.01%
ALNY	D	0.13%	0.07%	0.07%
AMCR	D	0.21%	0.02%	0.02%
AMD	F	0.51%	0.06%	0.06%
AME	A	0.28%	0.02%	0.02%
AMGN	D	0.45%	0.27%	0.27%
AMZN	C	4.1%	0.69%	0.69%
APO	B	0.3%	0.03%	0.03%
APTV	D	0.14%	0.02%	0.02%
ARE	D	0.21%	0.02%	0.02%
ARES	A	0.25%	0.01%	0.01%
AVB	B	0.35%	0.02%	0.02%
AVGO	D	1.71%	0.58%	0.58%
AVTR	F	0.06%	0.01%	0.01%
AXP	A	0.57%	0.11%	0.11%
BA	F	0.32%	0.02%	0.02%
BAC	A	0.98%	0.69%	0.69%
BAH	F	0.12%	0.2%	0.12%
BKNG	A	0.39%	0.04%	0.04%
BLDR	D	0.08%	0.08%	0.08%
BMY	B	0.48%	0.34%	0.34%
BRK.A	B	1.42%	1.1%	1.1%
BRO	B	0.31%	0.01%	0.01%
BSY	D	0.04%	0.0%	0.0%
CAG	D	0.17%	0.02%	0.02%
CAT	B	0.55%	0.63%	0.55%
CE	F	0.05%	0.01%	0.01%
CFG	B	0.26%	0.07%	0.07%
CMS	C	0.31%	0.09%	0.09%
CNP	B	0.28%	0.02%	0.02%
COIN	C	0.12%	0.01%	0.01%
COR	B	0.3%	0.35%	0.3%
COST	B	1.07%	1.31%	1.07%
CPB	D	0.18%	0.12%	0.12%
CRM	B	0.63%	0.12%	0.12%
CRWD	B	0.17%	0.06%	0.06%
CSCO	B	0.79%	1.34%	0.79%
CSL	C	0.18%	0.01%	0.01%
CTAS	B	0.42%	0.23%	0.23%
CVX	A	0.84%	0.55%	0.55%
DAL	C	0.39%	0.01%	0.01%
DASH	A	0.13%	0.01%	0.01%
DDOG	A	0.13%	0.0%	0.0%
DE	A	0.44%	0.1%	0.1%
DELL	C	0.14%	0.06%	0.06%
DIS	B	0.57%	0.17%	0.17%
DKNG	B	0.07%	0.0%	0.0%
DOC	D	0.29%	0.01%	0.01%
DOV	A	0.33%	0.02%	0.02%
DRI	B	0.3%	0.02%	0.02%
DTE	C	0.31%	0.1%	0.1%
DVN	F	0.17%	0.04%	0.04%
ENPH	F	0.03%	0.02%	0.02%
EQR	B	0.32%	0.02%	0.02%
ESS	B	0.19%	0.01%	0.01%
ETR	B	0.4%	0.05%	0.05%
EXPD	D	0.23%	0.06%	0.06%
EXR	D	0.32%	0.02%	0.02%
FANG	D	0.24%	0.22%	0.22%
FCNCA	A	0.13%	0.34%	0.13%
FE	C	0.24%	0.02%	0.02%
GLW	B	0.25%	0.14%	0.14%
GOOG	C	1.9%	1.12%	1.12%
GOOGL	C	2.28%	1.2%	1.2%
HAL	C	0.16%	0.03%	0.03%
HBAN	A	0.31%	0.06%	0.06%
HD	A	1.15%	0.35%	0.35%
HEI	B	0.14%	0.0%	0.0%
HEI	B	0.14%	0.0%	0.0%
HEI	B	0.22%	0.0%	0.0%
HEI	B	0.22%	0.0%	0.0%
HIG	B	0.33%	0.09%	0.09%
HUBB	B	0.13%	0.07%	0.07%
HUBS	A	0.14%	0.08%	0.08%
HWM	A	0.36%	0.01%	0.01%
IBM	C	0.56%	0.67%	0.56%
IFF	D	0.16%	0.02%	0.02%
ILMN	D	0.05%	0.01%	0.01%
ISRG	A	0.58%	0.04%	0.04%
JBHT	C	0.24%	0.05%	0.05%
JNJ	D	1.04%	1.64%	1.04%
JPM	A	1.73%	1.06%	1.06%
K	A	0.34%	0.29%	0.29%
KKR	A	0.46%	0.04%	0.04%
KLAC	D	0.34%	0.29%	0.29%
KMB	D	0.33%	0.1%	0.1%
KO	D	0.77%	0.81%	0.77%
L	A	0.24%	0.12%	0.12%
LH	C	0.31%	0.03%	0.03%
LII	A	0.25%	0.01%	0.01%
LIN	D	0.67%	0.15%	0.15%
LLY	F	1.39%	1.92%	1.39%
LMT	D	0.58%	0.72%	0.58%
LNG	B	0.22%	0.05%	0.05%
LNT	A	0.33%	0.05%	0.05%
LOW	D	0.57%	0.13%	0.13%
LPLA	A	0.05%	0.07%	0.05%
LRCX	F	0.29%	0.3%	0.29%
LULU	C	0.21%	0.12%	0.12%
LYB	F	0.22%	0.04%	0.04%
MA	C	1.14%	1.69%	1.14%
MAA	B	0.27%	0.01%	0.01%
MDT	D	0.51%	0.15%	0.15%
MELI	D	0.25%	0.07%	0.07%
META	D	2.66%	2.32%	2.32%
MGM	D	0.13%	0.01%	0.01%
MKL	A	0.23%	0.15%	0.15%
MMM	D	0.44%	0.28%	0.28%
MOH	F	0.14%	0.13%	0.13%
MRK	F	0.69%	0.46%	0.46%
MRNA	F	0.01%	0.01%	0.01%
MRO	B	0.24%	0.04%	0.04%
MRVL	B	0.25%	0.02%	0.02%
MS	A	0.39%	0.21%	0.21%
MSFT	F	6.55%	2.7%	2.7%
MSTR	C	0.2%	0.0%	0.0%
MU	D	0.31%	0.07%	0.07%
NDAQ	A	0.24%	0.02%	0.02%
NDSN	B	0.14%	0.01%	0.01%
NEM	D	0.23%	0.18%	0.18%
NET	B	0.07%	0.0%	0.0%
NFLX	A	0.8%	0.14%	0.14%
NOW	A	0.61%	0.27%	0.27%
NVDA	C	7.12%	2.76%	2.76%
OKTA	C	0.04%	0.0%	0.0%
ON	D	0.14%	0.02%	0.02%
ORCL	B	0.73%	0.53%	0.53%
OTIS	C	0.33%	0.04%	0.04%
PANW	C	0.3%	0.32%	0.3%
PEP	F	0.72%	1.01%	0.72%
PFG	D	0.2%	0.03%	0.03%
PG	A	1.09%	0.59%	0.59%
PHM	D	0.3%	0.11%	0.11%
PINS	D	0.03%	0.0%	0.0%
PLTR	B	0.36%	0.01%	0.01%
PPG	F	0.18%	0.02%	0.02%
PPL	B	0.34%	0.03%	0.03%
PRU	A	0.37%	0.08%	0.08%
PYPL	B	0.28%	0.08%	0.08%
QCOM	F	0.33%	0.55%	0.33%
RBLX	C	0.12%	0.0%	0.0%
REGN	F	0.21%	0.25%	0.21%
RMD	C	0.24%	0.09%	0.09%
ROST	C	0.32%	0.03%	0.03%
RPRX	D	0.04%	0.01%	0.01%
RSG	A	0.34%	0.54%	0.34%
SCHW	B	0.35%	0.07%	0.07%
SNAP	C	0.05%	0.0%	0.0%
SNOW	C	0.06%	0.0%	0.0%
SQ	B	0.12%	0.03%	0.03%
SSNC	B	0.21%	0.02%	0.02%
STLD	B	0.11%	0.04%	0.04%
SUI	D	0.1%	0.01%	0.01%
SYF	B	0.27%	0.06%	0.06%
T	A	0.68%	0.69%	0.68%
TEAM	A	0.06%	0.0%	0.0%
TMO	F	0.59%	0.1%	0.1%
TMUS	B	0.51%	0.78%	0.51%
TRGP	B	0.46%	0.03%	0.03%
TRU	D	0.09%	0.01%	0.01%
TRV	B	0.39%	0.47%	0.39%
TSLA	B	1.91%	0.28%	0.28%
TTD	B	0.18%	0.01%	0.01%
TW	A	0.11%	0.07%	0.07%
TXN	C	0.59%	1.06%	0.59%
UBER	D	0.29%	0.18%	0.18%
ULTA	F	0.23%	0.08%	0.08%
UNH	C	1.37%	2.21%	1.37%
UNP	C	0.52%	0.08%	0.08%
URI	B	0.24%	0.04%	0.04%
V	A	1.28%	1.91%	1.28%
VEEV	C	0.1%	0.08%	0.08%
VRT	B	0.1%	0.01%	0.01%
VRTX	F	0.36%	0.57%	0.36%
WBD	C	0.18%	0.11%	0.11%
WDAY	B	0.13%	0.15%	0.13%
WFC	A	0.67%	0.5%	0.5%
WLK	D	0.04%	0.01%	0.01%
WM	A	0.44%	0.52%	0.44%
WMT	A	0.96%	0.94%	0.94%
WRB	A	0.21%	0.12%	0.12%
WSM	B	0.02%	0.06%	0.02%
XOM	B	1.4%	0.81%	0.81%
YUM	B	0.33%	0.19%	0.19%
ZBH	C	0.14%	0.02%	0.02%
ZM	B	0.18%	0.01%	0.01%
ZS	C	0.08%	0.0%	0.0%

PHEQ Overweight 11 Positions Relative to QUS

Symbol	Grade	Weight
SPOT	B	0.19%
IBKR	A	0.11%
DOX	D	0.09%
SCCO	F	0.07%
AGR	B	0.07%
YUMC	C	0.07%
OWL	A	0.05%
CPNG	D	0.03%
SIRI	C	0.03%
RKT	F	0.03%
WMG	C	0.02%

PHEQ Underweight 391 Positions Relative to QUS

Symbol	Grade	Weight
ACN	C	-1.18%
VZ	C	-0.81%
APH	A	-0.71%
MMC	B	-0.69%
PGR	A	-0.65%
CB	C	-0.65%
MSI	B	-0.63%
MCK	B	-0.61%
DUK	C	-0.6%
TJX	A	-0.56%
NOC	D	-0.55%
ADP	B	-0.54%
SO	D	-0.54%
HON	B	-0.53%
WCN	A	-0.53%
MCD	D	-0.5%
AMAT	F	-0.48%
AJG	B	-0.46%
ROP	B	-0.46%
BLK	C	-0.46%
C	A	-0.45%
GILD	C	-0.43%
ED	D	-0.42%
CMCSA	B	-0.42%
ANET	C	-0.39%
CTSH	B	-0.39%
ACGL	D	-0.38%
AZO	C	-0.36%
GDDY	A	-0.34%
PFE	D	-0.33%
GM	B	-0.32%
MPC	D	-0.32%
FI	A	-0.31%
EA	A	-0.31%
KR	B	-0.31%
TSN	B	-0.3%
GS	A	-0.3%
CDNS	B	-0.29%
WEC	A	-0.29%
CBOE	B	-0.29%
ELV	F	-0.29%
CVS	D	-0.29%
SNPS	B	-0.28%
NKE	D	-0.28%
ITW	B	-0.27%
SHW	A	-0.26%
ORLY	B	-0.26%
KEYS	A	-0.26%
TT	A	-0.26%
ZTS	D	-0.25%
GIS	D	-0.25%
CI	F	-0.24%
BDX	F	-0.24%
CME	A	-0.23%
FFIV	B	-0.23%
KDP	D	-0.23%
AFL	B	-0.22%
MDLZ	F	-0.22%
CMG	B	-0.22%
VRSN	F	-0.22%
MCO	B	-0.21%
AON	A	-0.21%
TDY	B	-0.21%
HUM	C	-0.2%
GWW	B	-0.2%
FICO	B	-0.2%
INCY	C	-0.2%
GRMN	B	-0.2%
XEL	A	-0.2%
DHI	D	-0.19%
AEP	D	-0.19%
CDW	F	-0.19%
EG	C	-0.18%
INTC	D	-0.18%
KHC	F	-0.18%
PTC	A	-0.18%
HSY	F	-0.18%
RTX	C	-0.18%
CL	D	-0.17%
JNPR	F	-0.17%
PNC	B	-0.17%
ERIE	D	-0.17%
COF	B	-0.17%
COP	C	-0.17%
ROL	B	-0.17%
CMI	A	-0.17%
TFC	A	-0.16%
ADSK	A	-0.16%
WTW	B	-0.16%
NTAP	C	-0.16%
USB	A	-0.16%
F	C	-0.16%
CTVA	C	-0.16%
PAYX	C	-0.16%
VLO	C	-0.15%
WMB	A	-0.15%
VRSK	A	-0.15%
AFG	A	-0.15%
FAST	B	-0.15%
EOG	A	-0.15%
D	C	-0.14%
ADI	D	-0.14%
CPRT	A	-0.14%
ICE	C	-0.14%
PSA	D	-0.14%
CHD	B	-0.14%
PSX	C	-0.14%
IT	C	-0.13%
GEN	B	-0.13%
ODFL	B	-0.13%
MNST	C	-0.12%
AIG	B	-0.12%
CAH	B	-0.12%
FDX	B	-0.12%
IDXX	F	-0.12%
EW	C	-0.12%
AIZ	A	-0.12%
NVR	D	-0.11%
A	D	-0.11%
GE	D	-0.11%
NBIX	C	-0.11%
PM	B	-0.11%
UPS	C	-0.11%
NEE	D	-0.1%
MCHP	D	-0.1%
OXY	D	-0.1%
UTHR	C	-0.1%
TGT	F	-0.1%
ROK	B	-0.1%
DHR	F	-0.09%
PKG	A	-0.09%
TPL	A	-0.09%
DECK	A	-0.09%
MET	A	-0.09%
TSCO	D	-0.09%
CHTR	C	-0.09%
BK	A	-0.09%
TROW	B	-0.09%
BBY	D	-0.09%
EME	C	-0.08%
HRL	D	-0.08%
PLD	D	-0.08%
BMRN	D	-0.08%
ADM	D	-0.08%
VLTO	D	-0.08%
MTB	A	-0.08%
CNC	D	-0.08%
MO	A	-0.07%
STX	D	-0.07%
MANH	D	-0.07%
SPGI	C	-0.07%
DPZ	C	-0.07%
WAT	B	-0.07%
KMI	A	-0.07%
OMC	C	-0.07%
GD	F	-0.07%
HPQ	B	-0.07%
HOLX	D	-0.07%
NUE	C	-0.07%
DFS	B	-0.07%
MPWR	F	-0.07%
PCAR	B	-0.06%
SOLV	C	-0.06%
WSO	A	-0.06%
EXC	C	-0.06%
STT	A	-0.06%
PCG	A	-0.06%
DGX	A	-0.06%
RF	A	-0.06%
DOW	F	-0.06%
HCA	F	-0.06%
FITB	A	-0.06%
SBUX	A	-0.06%
LEN	D	-0.06%
WBA	F	-0.06%
SRE	A	-0.06%
HPE	B	-0.06%
ALL	A	-0.06%
SNA	A	-0.06%
WST	C	-0.06%
GEV	B	-0.05%
APD	A	-0.05%
SYY	B	-0.05%
APA	D	-0.05%
BG	F	-0.05%
BX	A	-0.05%
SWKS	F	-0.05%
GGG	B	-0.05%
IEX	B	-0.05%
CBRE	B	-0.05%
ETN	A	-0.05%
FDS	B	-0.05%
NSC	B	-0.05%
JCI	C	-0.05%
EMR	A	-0.05%
VTRS	A	-0.05%
SLB	C	-0.05%
CSX	B	-0.05%
SYK	C	-0.05%
OKE	A	-0.05%
WELL	A	-0.04%
CARR	D	-0.04%
VICI	C	-0.04%
AMT	D	-0.04%
DLR	B	-0.04%
JKHY	D	-0.04%
INTU	C	-0.04%
ALLE	D	-0.04%
KNX	B	-0.04%
IP	B	-0.04%
PEG	A	-0.04%
PH	A	-0.04%
GPN	B	-0.04%
AMP	A	-0.04%
DD	D	-0.04%
ATO	A	-0.04%
BSX	B	-0.04%
O	D	-0.04%
KVUE	A	-0.04%
FCX	D	-0.04%
BKR	B	-0.04%
EPAM	C	-0.04%
LHX	C	-0.04%
KEY	B	-0.04%
EIX	B	-0.04%
POOL	C	-0.04%
TER	D	-0.04%
CCI	D	-0.03%
CNH	C	-0.03%
ES	D	-0.03%
SMCI	F	-0.03%
ALLY	C	-0.03%
RS	B	-0.03%
TTC	D	-0.03%
SW	A	-0.03%
NXPI	D	-0.03%
NRG	B	-0.03%
AOS	F	-0.03%
EQT	B	-0.03%
PARA	C	-0.03%
ACI	C	-0.03%
KMX	B	-0.03%
BR	A	-0.03%
GEHC	F	-0.03%
FSLR	F	-0.03%
WY	D	-0.03%
JBL	B	-0.03%
MKTX	D	-0.03%
CF	B	-0.03%
SEIC	B	-0.03%
OVV	B	-0.03%
CEG	D	-0.03%
SPG	B	-0.03%
LW	C	-0.03%
MOS	F	-0.03%
NTRS	A	-0.03%
CTRA	B	-0.03%
FIS	C	-0.03%
RJF	A	-0.03%
CINF	A	-0.03%
PAYC	B	-0.03%
APP	B	-0.02%
CPAY	A	-0.02%
CCK	C	-0.02%
BALL	D	-0.02%
SJM	D	-0.02%
STZ	D	-0.02%
LKQ	D	-0.02%
LDOS	C	-0.02%
VMC	B	-0.02%
AWK	D	-0.02%
DLTR	F	-0.02%
EMN	D	-0.02%
WDC	D	-0.02%
EXPE	B	-0.02%
MLM	B	-0.02%
VTR	C	-0.02%
IR	B	-0.02%
GPC	D	-0.02%
FTV	C	-0.02%
ALB	C	-0.02%
UHS	D	-0.02%
NI	A	-0.02%
EQH	B	-0.02%
J	F	-0.02%
KIM	A	-0.02%
MAR	B	-0.02%
TXT	D	-0.02%
EBAY	D	-0.02%
OC	A	-0.02%
IQV	D	-0.02%
FNF	B	-0.02%
CRBG	B	-0.02%
DG	F	-0.02%
EVRG	A	-0.02%
VST	B	-0.02%
WAB	B	-0.02%
SWK	D	-0.02%
CHRW	C	-0.02%
HES	B	-0.02%
PWR	A	-0.02%
BIIB	F	-0.02%
BAX	D	-0.02%
FOXA	B	-0.02%
EQIX	A	-0.02%
DINO	D	-0.02%
TAP	C	-0.02%
ECL	D	-0.02%
HOOD	B	-0.01%
ENTG	D	-0.01%
RIVN	F	-0.01%
MTCH	D	-0.01%
TYL	B	-0.01%
MTD	D	-0.01%
BIO	D	-0.01%
LUV	C	-0.01%
BBWI	D	-0.01%
Z	A	-0.01%
QRVO	F	-0.01%
LVS	C	-0.01%
LYV	A	-0.01%
TFX	F	-0.01%
SBAC	D	-0.01%
UDR	B	-0.01%
UHAL	D	-0.01%
CSGP	D	-0.01%
AMH	D	-0.01%
CRL	C	-0.01%
CTLT	B	-0.01%
ANSS	B	-0.01%
TDG	D	-0.01%
MSCI	C	-0.01%
CPT	B	-0.01%
DVA	B	-0.01%
GLPI	C	-0.01%
AVY	D	-0.01%
HII	D	-0.01%
EL	F	-0.01%
WTRG	B	-0.01%
FBIN	D	-0.01%
HST	C	-0.01%
FOX	A	-0.01%
IRM	D	-0.01%
MAS	D	-0.01%
PNR	A	-0.01%
REG	B	-0.01%
RPM	A	-0.01%
NWSA	B	-0.01%
HLT	A	-0.01%
RCL	A	-0.01%
CLX	B	-0.01%
WPC	D	-0.01%
MKC	D	-0.01%
BEN	C	-0.01%
FTNT	C	-0.01%
STE	F	-0.01%
ZBRA	B	-0.01%
TWLO	A	-0.01%
AES	F	-0.01%
HSIC	B	-0.01%
INVH	D	-0.01%
TRMB	B	-0.01%
BURL	A	-0.01%
TTWO	A	-0.01%
ACM	A	-0.01%
XYL	D	-0.01%
CCL	B	-0.01%
EFX	F	-0.01%
CHRD	D	-0.01%
DKS	C	-0.01%
IPG	D	-0.01%
CG	A	-0.01%
BXP	D	-0.01%
RVTY	F	-0.01%
CELH	F	-0.0%
IOT	A	-0.0%
MDB	C	-0.0%
TOST	B	-0.0%
PSTG	D	-0.0%
H	B	-0.0%
DT	C	-0.0%
WYNN	D	-0.0%
PODD	C	-0.0%
DOCU	A	-0.0%
EXAS	D	-0.0%
DAY	B	-0.0%
ROKU	D	-0.0%
DXCM	D	-0.0%
ELS	C	-0.0%
TECH	D	-0.0%
AXON	A	-0.0%