PHEQ vs. RNDV ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to First Trust US Equity Dividend Select ETF (RNDV)

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

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	RNDV
30 Days	1.99%	0.09%
60 Days	3.02%	2.01%
90 Days	3.86%	4.31%
12 Months	16.61%	25.40%

30 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in RNDV	Overlap
ABBV	D	0.85%	1.02%	0.85%
ABT	B	0.6%	0.72%	0.6%
AMCR	D	0.21%	0.58%	0.21%
AVB	B	0.35%	0.32%	0.32%
BMY	B	0.48%	1.85%	0.48%
CAG	D	0.17%	0.8%	0.17%
CVX	A	0.84%	0.85%	0.84%
ESS	B	0.19%	0.36%	0.19%
ETR	B	0.4%	0.41%	0.4%
GLW	B	0.25%	3.05%	0.25%
HD	A	1.15%	1.02%	1.02%
IBM	C	0.56%	3.57%	0.56%
JNJ	D	1.04%	1.08%	1.04%
K	A	0.34%	0.58%	0.34%
KLAC	D	0.34%	0.86%	0.34%
KMB	D	0.33%	0.7%	0.33%
LMT	D	0.58%	0.5%	0.5%
LOW	D	0.57%	0.77%	0.57%
MAA	B	0.27%	0.4%	0.27%
MDT	D	0.51%	1.11%	0.51%
MRK	F	0.69%	0.92%	0.69%
MSFT	F	6.55%	0.94%	0.94%
PFG	D	0.2%	1.05%	0.2%
PRU	A	0.37%	1.43%	0.37%
QCOM	F	0.33%	2.43%	0.33%
TRV	B	0.39%	0.6%	0.39%
TXN	C	0.59%	3.28%	0.59%
UNH	C	1.37%	0.56%	0.56%
UNP	C	0.52%	0.54%	0.52%
XOM	B	1.4%	0.58%	0.58%

PHEQ Overweight 173 Positions Relative to RNDV

Symbol	Grade	Weight
NVDA	C	7.12%
AAPL	C	6.85%
AMZN	C	4.1%
META	D	2.66%
GOOGL	C	2.28%
TSLA	B	1.91%
GOOG	C	1.9%
JPM	A	1.73%
AVGO	D	1.71%
BRK.A	B	1.42%
LLY	F	1.39%
V	A	1.28%
MA	C	1.14%
PG	A	1.09%
COST	B	1.07%
BAC	A	0.98%
WMT	A	0.96%
NFLX	A	0.8%
CSCO	B	0.79%
KO	D	0.77%
ORCL	B	0.73%
PEP	F	0.72%
T	A	0.68%
WFC	A	0.67%
LIN	D	0.67%
CRM	B	0.63%
NOW	A	0.61%
TMO	F	0.59%
ISRG	A	0.58%
DIS	B	0.57%
AXP	A	0.57%
CAT	B	0.55%
AMD	F	0.51%
TMUS	B	0.51%
ADBE	C	0.48%
TRGP	B	0.46%
KKR	A	0.46%
AMGN	D	0.45%
DE	A	0.44%
WM	A	0.44%
MMM	D	0.44%
CTAS	B	0.42%
DAL	C	0.39%
MS	A	0.39%
BKNG	A	0.39%
PLTR	B	0.36%
VRTX	F	0.36%
HWM	A	0.36%
SCHW	B	0.35%
PPL	B	0.34%
RSG	A	0.34%
LNT	A	0.33%
DOV	A	0.33%
YUM	B	0.33%
OTIS	C	0.33%
HIG	B	0.33%
EQR	B	0.32%
EXR	D	0.32%
BA	F	0.32%
ROST	C	0.32%
MU	D	0.31%
LH	C	0.31%
CMS	C	0.31%
BRO	B	0.31%
HBAN	A	0.31%
DTE	C	0.31%
PANW	C	0.3%
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%
LRCX	F	0.29%
CNP	B	0.28%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
CFG	B	0.26%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	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%
FANG	D	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%
REGN	F	0.21%
ARE	D	0.21%
LULU	C	0.21%
MSTR	C	0.2%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CPB	D	0.18%
CSL	C	0.18%
CRWD	B	0.17%
DVN	F	0.17%
IFF	D	0.16%
AKAM	D	0.16%
HAL	C	0.16%
ABNB	C	0.15%
MOH	F	0.14%
APTV	D	0.14%
NDSN	B	0.14%
HEI	B	0.14%
ZBH	C	0.14%
ON	D	0.14%
DELL	C	0.14%
HUBS	A	0.14%
MGM	D	0.13%
WDAY	B	0.13%
DASH	A	0.13%
HUBB	B	0.13%
DDOG	A	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%
ZS	C	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%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	0.05%
ILMN	D	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%
MRNA	F	0.01%

PHEQ Underweight 65 Positions Relative to RNDV

Symbol	Grade	Weight
HPQ	B	-3.91%
HPE	B	-3.47%
VZ	C	-3.4%
MCHP	D	-2.41%
BEN	C	-2.16%
IPG	D	-2.14%
ACN	C	-2.01%
ADI	D	-1.81%
CMCSA	B	-1.71%
HAS	D	-1.63%
CVS	D	-1.57%
TROW	B	-1.57%
BBY	D	-1.55%
OMC	C	-1.48%
GPC	D	-1.42%
APH	A	-1.26%
UPS	C	-1.15%
NTRS	A	-1.15%
MTB	A	-1.09%
MCD	D	-1.01%
GRMN	B	-0.99%
PM	B	-0.91%
OKE	A	-0.9%
MET	A	-0.85%
CINF	A	-0.85%
BLK	C	-0.75%
KVUE	A	-0.75%
DGX	A	-0.74%
TSN	B	-0.74%
CAH	B	-0.73%
NKE	D	-0.72%
PAYX	C	-0.72%
HRL	D	-0.69%
SNA	A	-0.69%
CTRA	B	-0.68%
CME	A	-0.67%
EG	C	-0.64%
SWK	D	-0.62%
CI	F	-0.61%
GIS	D	-0.61%
CMI	A	-0.6%
ITW	B	-0.59%
FAST	B	-0.58%
EOG	A	-0.58%
AFL	B	-0.58%
CHRW	C	-0.57%
EMR	A	-0.56%
POOL	C	-0.55%
BDX	F	-0.55%
NSC	B	-0.55%
ADP	B	-0.51%
EVRG	A	-0.48%
O	D	-0.48%
LHX	C	-0.48%
LEN	D	-0.46%
PNW	B	-0.45%
FMC	D	-0.45%
ES	D	-0.43%
FRT	B	-0.4%
EMN	D	-0.4%
EIX	B	-0.39%
AEP	D	-0.37%
DLR	B	-0.36%
APD	A	-0.35%
CF	B	-0.35%