PHEQ vs. QWLD ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	QWLD
30 Days	1.99%	0.82%
60 Days	3.02%	0.23%
90 Days	3.86%	0.87%
12 Months	16.61%	22.65%

191 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in QWLD	Overlap
AAPL	C	6.85%	2.57%	2.57%
ABBV	D	0.85%	0.16%	0.16%
ABBV	D	0.85%	0.34%	0.34%
ABNB	C	0.15%	0.01%	0.01%
ABT	B	0.6%	0.09%	0.09%
ADBE	C	0.48%	0.42%	0.42%
AEE	A	0.3%	0.09%	0.09%
AKAM	D	0.16%	0.11%	0.11%
ALGN	D	0.06%	0.0%	0.0%
AMCR	D	0.21%	0.08%	0.08%
AMD	F	0.51%	0.03%	0.03%
AME	A	0.28%	0.01%	0.01%
AMGN	D	0.45%	0.16%	0.16%
AMZN	C	4.1%	0.37%	0.37%
APO	B	0.3%	0.02%	0.02%
APTV	D	0.14%	0.01%	0.01%
ARE	D	0.21%	0.01%	0.01%
ARES	A	0.25%	0.0%	0.0%
AVB	B	0.35%	0.01%	0.01%
AVGO	D	1.71%	0.11%	0.11%
AVTR	F	0.06%	0.01%	0.01%
AXP	A	0.57%	0.06%	0.06%
BA	F	0.32%	0.01%	0.01%
BAC	A	0.98%	0.39%	0.39%
BAH	F	0.12%	0.15%	0.12%
BKNG	A	0.39%	0.03%	0.03%
BLDR	D	0.08%	0.05%	0.05%
BMY	B	0.48%	0.21%	0.21%
BRK.A	B	1.42%	0.73%	0.73%
BRO	B	0.31%	0.14%	0.14%
BSY	D	0.04%	0.01%	0.01%
CAG	D	0.17%	0.04%	0.04%
CAT	B	0.55%	0.36%	0.36%
CE	F	0.05%	0.01%	0.01%
CFG	B	0.26%	0.04%	0.04%
CMS	C	0.31%	0.05%	0.05%
CNP	B	0.28%	0.01%	0.01%
COIN	C	0.12%	0.01%	0.01%
COR	B	0.3%	0.41%	0.3%
COST	B	1.07%	0.76%	0.76%
CPB	D	0.18%	0.09%	0.09%
CRM	B	0.63%	0.06%	0.06%
CRWD	B	0.17%	0.0%	0.0%
CSCO	B	0.79%	1.03%	0.79%
CSL	C	0.18%	0.03%	0.03%
CTAS	B	0.42%	0.14%	0.14%
CVX	A	0.84%	0.33%	0.33%
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%	0.06%	0.06%
DELL	C	0.14%	0.01%	0.01%
DIS	B	0.57%	0.1%	0.1%
DKNG	B	0.07%	0.0%	0.0%
DOC	D	0.29%	0.01%	0.01%
DOV	A	0.33%	0.05%	0.05%
DRI	B	0.3%	0.03%	0.03%
DTE	C	0.31%	0.02%	0.02%
DVN	F	0.17%	0.03%	0.03%
ENPH	F	0.03%	0.01%	0.01%
EQR	B	0.32%	0.01%	0.01%
ESS	B	0.19%	0.01%	0.01%
ETR	B	0.4%	0.03%	0.03%
EXPD	D	0.23%	0.04%	0.04%
EXR	D	0.32%	0.01%	0.01%
FANG	D	0.24%	0.09%	0.09%
FCNCA	A	0.13%	0.11%	0.11%
FE	C	0.24%	0.01%	0.01%
GLW	B	0.25%	0.02%	0.02%
GOOG	C	1.9%	0.94%	0.94%
GOOGL	C	2.28%	1.07%	1.07%
HAL	C	0.16%	0.02%	0.02%
HBAN	A	0.31%	0.03%	0.03%
HD	A	1.15%	0.15%	0.15%
HEI	B	0.14%	0.0%	0.0%
HEI	B	0.22%	0.0%	0.0%
HEI	B	0.22%	0.0%	0.0%
HEI	B	0.14%	0.0%	0.0%
HIG	B	0.33%	0.03%	0.03%
HUBB	B	0.13%	0.04%	0.04%
HWM	A	0.36%	0.01%	0.01%
IBM	C	0.56%	0.46%	0.46%
IFF	D	0.16%	0.01%	0.01%
ILMN	D	0.05%	0.0%	0.0%
ISRG	A	0.58%	0.25%	0.25%
JBHT	C	0.24%	0.03%	0.03%
JNJ	D	1.04%	1.1%	1.04%
JPM	A	1.73%	0.6%	0.6%
K	A	0.34%	0.23%	0.23%
KKR	A	0.46%	0.02%	0.02%
KLAC	D	0.34%	0.14%	0.14%
KMB	D	0.33%	0.11%	0.11%
KO	D	0.77%	0.56%	0.56%
L	A	0.24%	0.17%	0.17%
LH	C	0.31%	0.02%	0.02%
LII	A	0.25%	0.0%	0.0%
LIN	D	0.67%	0.06%	0.06%
LLY	F	1.39%	1.14%	1.14%
LMT	D	0.58%	0.42%	0.42%
LNG	B	0.22%	0.06%	0.06%
LNT	A	0.33%	0.03%	0.03%
LOW	D	0.57%	0.07%	0.07%
LPLA	A	0.05%	0.05%	0.05%
LRCX	F	0.29%	0.18%	0.18%
LULU	C	0.21%	0.07%	0.07%
LYB	F	0.22%	0.03%	0.03%
MA	C	1.14%	0.71%	0.71%
MAA	B	0.27%	0.01%	0.01%
MDT	D	0.51%	0.06%	0.06%
MELI	D	0.25%	0.01%	0.01%
META	D	2.66%	2.11%	2.11%
MGM	D	0.13%	0.01%	0.01%
MKL	A	0.23%	0.13%	0.13%
MMM	D	0.44%	0.14%	0.14%
MOH	F	0.14%	0.06%	0.06%
MRK	F	0.69%	0.42%	0.42%
MRNA	F	0.01%	0.01%	0.01%
MRO	B	0.24%	0.02%	0.02%
MRVL	B	0.25%	0.01%	0.01%
MS	A	0.39%	0.12%	0.12%
MSFT	F	6.55%	2.3%	2.3%
MSTR	C	0.2%	0.0%	0.0%
MU	D	0.31%	0.04%	0.04%
NDAQ	A	0.24%	0.01%	0.01%
NDSN	B	0.14%	0.02%	0.02%
NEM	D	0.23%	0.04%	0.04%
NET	B	0.07%	0.0%	0.0%
NFLX	A	0.8%	0.54%	0.54%
NOW	A	0.61%	0.01%	0.01%
NVDA	C	7.12%	2.53%	2.53%
OKTA	C	0.04%	0.0%	0.0%
ON	D	0.14%	0.01%	0.01%
ORCL	B	0.73%	0.25%	0.25%
OTIS	C	0.33%	0.01%	0.01%
PANW	C	0.3%	0.18%	0.18%
PEP	F	0.72%	0.77%	0.72%
PFG	D	0.2%	0.02%	0.02%
PG	A	1.09%	0.95%	0.95%
PHM	D	0.3%	0.06%	0.06%
PINS	D	0.03%	0.0%	0.0%
PLTR	B	0.36%	0.0%	0.0%
PPG	F	0.18%	0.01%	0.01%
PPL	B	0.34%	0.01%	0.01%
PRU	A	0.37%	0.05%	0.05%
PYPL	B	0.28%	0.04%	0.04%
QCOM	F	0.33%	0.32%	0.32%
RBLX	C	0.12%	0.0%	0.0%
REGN	F	0.21%	0.31%	0.21%
RMD	C	0.24%	0.05%	0.05%
ROST	C	0.32%	0.02%	0.02%
RPRX	D	0.04%	0.01%	0.01%
RSG	A	0.34%	0.46%	0.34%
SCHW	B	0.35%	0.04%	0.04%
SNAP	C	0.05%	0.0%	0.0%
SNOW	C	0.06%	0.0%	0.0%
SQ	B	0.12%	0.02%	0.02%
SSNC	B	0.21%	0.01%	0.01%
STLD	B	0.11%	0.02%	0.02%
SUI	D	0.1%	0.01%	0.01%
SYF	B	0.27%	0.04%	0.04%
T	A	0.68%	0.39%	0.39%
TMO	F	0.59%	0.06%	0.06%
TMUS	B	0.51%	0.76%	0.51%
TRGP	B	0.46%	0.04%	0.04%
TRU	D	0.09%	0.01%	0.01%
TRV	B	0.39%	0.3%	0.3%
TSLA	B	1.91%	0.16%	0.16%
TTD	B	0.18%	0.0%	0.0%
TW	A	0.11%	0.0%	0.0%
TXN	C	0.59%	0.48%	0.48%
UBER	D	0.29%	0.01%	0.01%
ULTA	F	0.23%	0.06%	0.06%
UNH	C	1.37%	1.35%	1.35%
UNP	C	0.52%	0.26%	0.26%
URI	B	0.24%	0.02%	0.02%
V	A	1.28%	1.21%	1.21%
VEEV	C	0.1%	0.05%	0.05%
VRT	B	0.1%	0.0%	0.0%
VRTX	F	0.36%	0.43%	0.36%
WBD	C	0.18%	0.07%	0.07%
WDAY	B	0.13%	0.04%	0.04%
WFC	A	0.67%	0.28%	0.28%
WLK	D	0.04%	0.0%	0.0%
WM	A	0.44%	0.52%	0.44%
WMT	A	0.96%	0.76%	0.76%
WRB	A	0.21%	0.14%	0.14%
WSM	B	0.02%	0.03%	0.02%
XOM	B	1.4%	0.47%	0.47%
YUM	B	0.33%	0.15%	0.15%
ZBH	C	0.14%	0.01%	0.01%
ZM	B	0.18%	0.01%	0.01%

PHEQ Overweight 15 Positions Relative to QWLD

Symbol	Grade	Weight
SPOT	B	0.19%
HUBS	A	0.14%
ALNY	D	0.13%
IBKR	A	0.11%
DOX	D	0.09%
ZS	C	0.08%
SCCO	F	0.07%
AGR	B	0.07%
YUMC	C	0.07%
TEAM	A	0.06%
OWL	A	0.05%
CPNG	D	0.03%
SIRI	C	0.03%
RKT	F	0.03%
WMG	C	0.02%

PHEQ Underweight 421 Positions Relative to QWLD

Symbol	Grade	Weight
NVS	D	-0.79%
MSI	B	-0.65%
ACN	C	-0.65%
MCK	B	-0.58%
VZ	C	-0.58%
MMC	B	-0.51%
ROP	B	-0.48%
SO	D	-0.46%
APH	A	-0.43%
MCD	D	-0.42%
CB	C	-0.4%
DUK	C	-0.36%
PGR	A	-0.35%
TJX	A	-0.35%
ED	D	-0.35%
GIS	D	-0.33%
NOC	D	-0.32%
KR	B	-0.31%
GE	D	-0.31%
AMAT	F	-0.29%
AZO	C	-0.28%
INTU	C	-0.27%
UL	D	-0.27%
WCN	A	-0.27%
ADP	B	-0.26%
ACGL	D	-0.26%
HON	B	-0.26%
HSBH	B	-0.25%
GDDY	A	-0.25%
C	A	-0.25%
BLK	C	-0.25%
ORLY	B	-0.24%
CBOE	B	-0.24%
MFG	B	-0.24%
GILD	C	-0.24%
ELV	F	-0.21%
EA	A	-0.2%
KHC	F	-0.2%
CL	D	-0.2%
WEC	A	-0.2%
CTSH	B	-0.2%
GM	B	-0.19%
AJG	B	-0.19%
ANET	C	-0.19%
WMB	A	-0.19%
CHD	B	-0.19%
GD	F	-0.18%
CI	F	-0.18%
PFE	D	-0.18%
KEYS	A	-0.17%
CMCSA	B	-0.17%
NKE	D	-0.17%
AON	A	-0.17%
CHKP	D	-0.17%
GS	A	-0.17%
MPC	D	-0.17%
HSY	F	-0.16%
CVS	D	-0.16%
CME	A	-0.16%
FFIV	B	-0.16%
TM	D	-0.15%
TSN	B	-0.15%
TGT	F	-0.15%
UTHR	C	-0.15%
INCY	C	-0.15%
ZTS	D	-0.15%
TT	A	-0.15%
HUM	C	-0.15%
CMG	B	-0.14%
KDP	D	-0.14%
PSX	C	-0.14%
VRSN	F	-0.14%
SHW	A	-0.14%
MUFG	B	-0.14%
MDLZ	F	-0.14%
CAH	B	-0.13%
MCO	B	-0.13%
CF	B	-0.13%
CDNS	B	-0.13%
ITW	B	-0.13%
ERIE	D	-0.12%
GEN	B	-0.12%
JNPR	F	-0.12%
AFL	B	-0.12%
SNPS	B	-0.12%
TD	F	-0.12%
E	F	-0.12%
DGX	A	-0.11%
NBIX	C	-0.11%
PCAR	B	-0.11%
CSX	B	-0.11%
BCS	C	-0.11%
DEO	F	-0.11%
GWW	B	-0.11%
PNC	B	-0.1%
ADSK	A	-0.1%
COF	B	-0.1%
CMI	A	-0.1%
COP	C	-0.1%
CNI	D	-0.1%
PAYX	C	-0.1%
INTC	D	-0.1%
SMFG	B	-0.1%
DHI	D	-0.1%
XEL	A	-0.09%
FI	A	-0.09%
PSA	D	-0.09%
LEN	D	-0.09%
LYG	F	-0.09%
TFC	A	-0.09%
RTX	C	-0.09%
HRL	D	-0.09%
FAST	B	-0.09%
USB	A	-0.09%
AMP	A	-0.09%
F	C	-0.09%
ALL	A	-0.08%
VLO	C	-0.08%
ODFL	B	-0.08%
PTC	A	-0.08%
CPRT	A	-0.08%
ROL	B	-0.08%
KVUE	A	-0.08%
AIZ	A	-0.08%
SONY	B	-0.08%
STLA	F	-0.08%
JKHY	D	-0.07%
MNST	C	-0.07%
HMC	F	-0.07%
AIG	B	-0.07%
UPS	C	-0.07%
AEP	D	-0.07%
EW	C	-0.07%
SJM	D	-0.07%
BMRN	D	-0.07%
PM	B	-0.07%
CDW	F	-0.07%
FDX	B	-0.07%
BDX	F	-0.07%
WTW	B	-0.07%
IDXX	F	-0.07%
NEE	D	-0.06%
TSCO	D	-0.06%
TPL	A	-0.06%
MCHP	D	-0.06%
BBY	D	-0.06%
TDY	B	-0.06%
EOG	A	-0.06%
EG	C	-0.06%
D	C	-0.06%
LOGI	D	-0.06%
ROK	B	-0.06%
DPZ	C	-0.06%
A	D	-0.06%
NVR	D	-0.06%
MTB	A	-0.05%
BTI	B	-0.05%
VLTO	D	-0.05%
ADM	D	-0.05%
CNC	D	-0.05%
DINO	D	-0.05%
FICO	B	-0.05%
MT	B	-0.05%
MET	A	-0.05%
DHR	F	-0.05%
DECK	A	-0.05%
BK	A	-0.05%
GPC	D	-0.05%
TROW	B	-0.05%
CHTR	C	-0.05%
GRMN	B	-0.05%
ADI	D	-0.04%
HCA	F	-0.04%
WST	C	-0.04%
SPGI	C	-0.04%
SNA	A	-0.04%
SRE	A	-0.04%
HPE	B	-0.04%
SBUX	A	-0.04%
WBA	F	-0.04%
MANH	D	-0.04%
PKG	A	-0.04%
KMI	A	-0.04%
WAT	B	-0.04%
MO	A	-0.04%
MPWR	F	-0.04%
OMC	C	-0.04%
CTVA	C	-0.04%
HPQ	B	-0.04%
BR	A	-0.04%
NUE	C	-0.04%
DFS	B	-0.04%
NTAP	C	-0.04%
PLD	D	-0.04%
EME	C	-0.04%
EIX	B	-0.03%
AVY	D	-0.03%
SWKS	F	-0.03%
IEX	B	-0.03%
GGG	B	-0.03%
BG	F	-0.03%
SYY	B	-0.03%
BX	A	-0.03%
FDS	B	-0.03%
POOL	C	-0.03%
SW	A	-0.03%
NSC	B	-0.03%
CBRE	B	-0.03%
APD	A	-0.03%
ICE	C	-0.03%
PNR	A	-0.03%
SOLV	C	-0.03%
VTRS	A	-0.03%
JCI	C	-0.03%
ETN	A	-0.03%
EMR	A	-0.03%
SLB	C	-0.03%
OKE	A	-0.03%
SYK	C	-0.03%
WSO	A	-0.03%
EXC	C	-0.03%
OC	A	-0.03%
PCG	A	-0.03%
STT	A	-0.03%
RF	A	-0.03%
OXY	D	-0.03%
DOW	F	-0.03%
FITB	A	-0.03%
IT	C	-0.03%
ALLY	C	-0.02%
EQIX	A	-0.02%
KMX	B	-0.02%
TTC	D	-0.02%
NXPI	D	-0.02%
MKTX	D	-0.02%
NRG	B	-0.02%
ACI	C	-0.02%
EQT	B	-0.02%
WY	D	-0.02%
AOS	F	-0.02%
GEHC	F	-0.02%
RS	B	-0.02%
SEIC	B	-0.02%
JBL	B	-0.02%
NMR	B	-0.02%
CEG	D	-0.02%
NTRS	A	-0.02%
OVV	B	-0.02%
SPG	B	-0.02%
AER	B	-0.02%
CINF	A	-0.02%
MOS	F	-0.02%
FIS	C	-0.02%
RJF	A	-0.02%
AFG	A	-0.02%
CTRA	B	-0.02%
DLR	B	-0.02%
WELL	A	-0.02%
PAYC	B	-0.02%
VICI	C	-0.02%
PH	A	-0.02%
CARR	D	-0.02%
IPG	D	-0.02%
GPN	B	-0.02%
AMT	D	-0.02%
PEG	A	-0.02%
O	D	-0.02%
IP	B	-0.02%
DD	D	-0.02%
DKS	C	-0.02%
BSX	B	-0.02%
BKR	B	-0.02%
EPAM	C	-0.02%
GEV	B	-0.02%
ALLE	D	-0.02%
FCX	D	-0.02%
KEY	B	-0.02%
LHX	C	-0.02%
APA	D	-0.02%
TER	D	-0.02%
CPT	B	-0.01%
WTRG	B	-0.01%
CTLT	B	-0.01%
VRSK	A	-0.01%
FSLR	F	-0.01%
SBAC	D	-0.01%
MBAVU	D	-0.01%
RCL	A	-0.01%
HST	C	-0.01%
EL	F	-0.01%
GLPI	C	-0.01%
DVA	B	-0.01%
RPM	A	-0.01%
HII	D	-0.01%
TRMB	B	-0.01%
FOX	A	-0.01%
NWSA	B	-0.01%
TTWO	A	-0.01%
STE	F	-0.01%
REG	B	-0.01%
CLX	B	-0.01%
BURL	A	-0.01%
IRM	D	-0.01%
CCL	B	-0.01%
MAS	D	-0.01%
WPC	D	-0.01%
STX	D	-0.01%
MKC	D	-0.01%
INVH	D	-0.01%
EFX	F	-0.01%
TWLO	A	-0.01%
HLT	A	-0.01%
HSIC	B	-0.01%
RVTY	F	-0.01%
BEN	C	-0.01%
CG	A	-0.01%
FTNT	C	-0.01%
AES	F	-0.01%
CCEP	C	-0.01%
ACM	A	-0.01%
XYL	D	-0.01%
BXP	D	-0.01%
CHRD	D	-0.01%
CCK	C	-0.01%
AGCO	D	-0.01%
ZBRA	B	-0.01%
STZ	D	-0.01%
TDG	D	-0.01%
BALL	D	-0.01%
DLTR	F	-0.01%
FTV	C	-0.01%
AWK	D	-0.01%
CPAY	A	-0.01%
LKQ	D	-0.01%
WFG	D	-0.01%
IR	B	-0.01%
SE	B	-0.01%
WDC	D	-0.01%
EMN	D	-0.01%
KNX	B	-0.01%
LDOS	C	-0.01%
VTR	C	-0.01%
HOLX	D	-0.01%
TXT	D	-0.01%
VMC	B	-0.01%
NI	A	-0.01%
KIM	A	-0.01%
MLM	B	-0.01%
ALB	C	-0.01%
EXPE	B	-0.01%
EQH	B	-0.01%
UHS	D	-0.01%
IQV	D	-0.01%
J	F	-0.01%
EBAY	D	-0.01%
FNF	B	-0.01%
PWR	A	-0.01%
MAR	B	-0.01%
CRBG	B	-0.01%
EVRG	A	-0.01%
VST	B	-0.01%
SWK	D	-0.01%
CHRW	C	-0.01%
ATO	A	-0.01%
BIIB	F	-0.01%
DG	F	-0.01%
HES	B	-0.01%
FOXA	B	-0.01%
WAB	B	-0.01%
BAX	D	-0.01%
TAP	C	-0.01%
ECL	D	-0.01%
CCI	D	-0.01%
ES	D	-0.01%
SMCI	F	-0.01%
CNH	C	-0.01%
PARA	C	-0.01%
GLBE	B	-0.0%
IOT	A	-0.0%
XRX	F	-0.0%
TOST	B	-0.0%
H	B	-0.0%
PSTG	D	-0.0%
FUTU	D	-0.0%
DT	C	-0.0%
DAY	B	-0.0%
DOCU	A	-0.0%
EXAS	D	-0.0%
PODD	C	-0.0%
GRAB	B	-0.0%
TECH	D	-0.0%
ROKU	D	-0.0%
WYNN	D	-0.0%
DXCM	D	-0.0%
TYL	B	-0.0%
ELS	C	-0.0%
HOOD	B	-0.0%
ENTG	D	-0.0%
RIVN	F	-0.0%
Z	A	-0.0%
LUV	C	-0.0%
MTCH	D	-0.0%
LYV	A	-0.0%
QGEN	D	-0.0%
LW	C	-0.0%
APP	B	-0.0%
BBWI	D	-0.0%
MSCI	C	-0.0%
CSGP	D	-0.0%
AXON	A	-0.0%
LVS	C	-0.0%
CRL	C	-0.0%
BIO	D	-0.0%
TFX	F	-0.0%
UDR	B	-0.0%
QRVO	F	-0.0%
OTEX	D	-0.0%
ANSS	B	-0.0%
AMH	D	-0.0%
UHAL	D	-0.0%
FBIN	D	-0.0%