PHEQ vs. TXS ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Texas Capital Texas Equity Index ETF (TXS)

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

$29.32

Average Daily Volume

19,681

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.00

Average Daily Volume

2,545

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	TXS
30 Days	1.16%	7.55%
60 Days	2.21%	9.41%
90 Days	3.39%	13.21%
12 Months	16.05%	40.22%

21 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in TXS	Overlap
BLDR	D	0.08%	0.13%	0.08%
CAT	C	0.56%	1.09%	0.56%
CE	F	0.05%	0.05%	0.05%
CNP	A	0.27%	0.35%	0.27%
CRWD	B	0.17%	4.06%	0.17%
DELL	B	0.15%	0.21%	0.15%
FANG	D	0.25%	0.47%	0.25%
HAL	C	0.17%	0.39%	0.17%
KMB	C	0.32%	0.28%	0.28%
LII	A	0.25%	0.13%	0.13%
LNG	A	0.22%	2.46%	0.22%
MRO	A	0.23%	0.23%	0.23%
ORCL	A	0.75%	2.37%	0.75%
SCHW	A	0.34%	4.06%	0.34%
T	A	0.66%	1.31%	0.66%
TRGP	A	0.45%	1.43%	0.45%
TSLA	A	1.94%	5.5%	1.94%
TXN	C	0.62%	1.13%	0.62%
WLK	F	0.04%	0.04%	0.04%
WM	B	0.45%	3.35%	0.45%
XOM	B	1.4%	3.28%	1.4%

PHEQ Overweight 182 Positions Relative to TXS

Symbol	Grade	Weight
NVDA	A	7.38%
AAPL	C	6.78%
MSFT	D	6.62%
AMZN	B	4.2%
META	C	2.79%
GOOGL	B	2.38%
GOOG	B	1.99%
AVGO	C	1.82%
JPM	A	1.68%
LLY	F	1.52%
UNH	C	1.41%
BRK.A	B	1.4%
V	A	1.27%
MA	B	1.15%
HD	A	1.13%
COST	A	1.09%
PG	C	1.06%
JNJ	D	1.03%
WMT	A	0.96%
BAC	A	0.95%
ABBV	F	0.87%
CVX	A	0.8%
CSCO	B	0.8%
NFLX	A	0.79%
KO	D	0.79%
PEP	F	0.74%
MRK	F	0.7%
LIN	D	0.67%
CRM	B	0.66%
WFC	A	0.65%
NOW	B	0.63%
TMO	F	0.62%
LMT	D	0.61%
ABT	A	0.6%
ISRG	A	0.59%
LOW	C	0.57%
IBM	C	0.57%
AXP	B	0.57%
AMD	F	0.54%
TMUS	B	0.52%
UNP	D	0.52%
MDT	D	0.51%
ADBE	D	0.5%
BMY	A	0.5%
DIS	B	0.49%
AMGN	D	0.47%
KKR	A	0.47%
CTAS	B	0.44%
MMM	D	0.44%
DE	C	0.43%
ETR	A	0.4%
MS	A	0.39%
DAL	A	0.39%
BKNG	A	0.39%
VRTX	D	0.38%
TRV	A	0.38%
PRU	B	0.36%
HWM	A	0.36%
KLAC	F	0.36%
RSG	A	0.35%
K	B	0.34%
AVB	B	0.34%
DOV	B	0.33%
MU	D	0.33%
BA	D	0.33%
YUM	D	0.33%
HIG	B	0.33%
PPL	A	0.33%
OTIS	C	0.33%
QCOM	F	0.33%
LH	B	0.32%
LNT	A	0.32%
ROST	D	0.32%
PLTR	A	0.32%
CMS	C	0.31%
COR	B	0.31%
HBAN	B	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	C	0.3%
PHM	D	0.3%
AEE	A	0.3%
APO	A	0.3%
PANW	B	0.3%
UBER	F	0.28%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
MAA	A	0.27%
ARES	A	0.26%
MRVL	B	0.26%
GLW	B	0.26%
MELI	D	0.26%
URI	B	0.25%
JBHT	C	0.25%
RMD	C	0.25%
CFG	B	0.25%
ULTA	F	0.24%
NDAQ	A	0.24%
EXPD	D	0.23%
NEM	D	0.23%
L	A	0.23%
FE	C	0.23%
HEI	A	0.22%
MKL	A	0.22%
LYB	F	0.22%
REGN	F	0.22%
AMCR	D	0.21%
SSNC	C	0.21%
MSTR	A	0.21%
ARE	F	0.21%
LULU	C	0.21%
PFG	C	0.2%
WRB	B	0.2%
CSL	C	0.19%
CPB	D	0.19%
ESS	A	0.19%
ZM	B	0.19%
TTD	B	0.19%
SPOT	B	0.18%
PPG	F	0.18%
WBD	B	0.18%
AKAM	F	0.17%
DVN	F	0.17%
CAG	F	0.17%
IFF	D	0.16%
APTV	F	0.15%
ABNB	D	0.15%
ALNY	D	0.15%
MOH	F	0.15%
BAH	D	0.15%
HUBS	B	0.15%
ON	F	0.15%
ZBH	C	0.14%
HEI	A	0.14%
NDSN	D	0.14%
COIN	A	0.13%
WDAY	C	0.13%
RBLX	B	0.13%
DASH	A	0.13%
HUBB	B	0.13%
FCNCA	A	0.13%
SQ	A	0.12%
MGM	D	0.12%
DDOG	A	0.12%
TW	A	0.11%
IBKR	A	0.11%
STLD	B	0.11%
VEEV	C	0.11%
TRU	D	0.1%
VRT	A	0.1%
SUI	C	0.1%
ZS	B	0.09%
DOX	D	0.09%
DKNG	B	0.08%
NET	B	0.07%
AGR	A	0.07%
SCCO	F	0.07%
YUMC	B	0.07%
SNOW	C	0.06%
ALGN	D	0.06%
ILMN	C	0.06%
AVTR	F	0.06%
TEAM	A	0.06%
LPLA	A	0.05%
SNAP	D	0.05%
OWL	A	0.05%
OKTA	D	0.04%
RKT	F	0.04%
RPRX	F	0.04%
BSY	D	0.04%
CPNG	D	0.03%
PINS	F	0.03%
SIRI	D	0.03%
ENPH	F	0.03%
WSM	D	0.02%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 176 Positions Relative to TXS

Symbol	Grade	Weight
THC	C	-4.2%
DLR	A	-4.02%
MCK	A	-3.82%
CCI	C	-2.93%
GME	C	-2.92%
CBRE	B	-2.56%
TPL	A	-1.96%
COP	B	-1.95%
KMI	A	-1.89%
SYY	D	-1.88%
DHI	D	-1.86%
SCI	A	-1.85%
PWR	A	-1.84%
WING	D	-1.64%
GPI	B	-1.58%
TYL	B	-1.31%
RUSHA	B	-1.23%
INVH	D	-1.23%
EOG	A	-1.14%
J	D	-0.96%
ASO	F	-0.95%
SLB	C	-0.92%
EAT	A	-0.91%
VST	A	-0.84%
CPT	C	-0.81%
ACM	B	-0.78%
PLAY	D	-0.71%
LUV	B	-0.69%
FIX	A	-0.63%
ADUS	D	-0.62%
BKR	B	-0.61%
OXY	F	-0.51%
FLR	B	-0.48%
KBR	F	-0.42%
CPRT	B	-0.41%
SBH	B	-0.4%
USPH	C	-0.39%
ATO	A	-0.39%
AAL	B	-0.33%
PSX	C	-0.32%
GL	C	-0.31%
NRG	B	-0.31%
CRBG	B	-0.31%
CMA	B	-0.3%
CFR	B	-0.27%
CTRA	B	-0.27%
HHH	B	-0.27%
KEX	B	-0.26%
VLO	C	-0.26%
PB	A	-0.24%
STRL	A	-0.22%
COOP	B	-0.2%
IESC	A	-0.2%
TPG	A	-0.19%
PRIM	A	-0.16%
HPE	B	-0.16%
PR	B	-0.14%
FFIN	B	-0.14%
AGL	F	-0.14%
NSP	F	-0.14%
XPEL	C	-0.14%
GRBK	D	-0.12%
CHRD	F	-0.12%
RRC	B	-0.12%
IBOC	B	-0.12%
APA	F	-0.12%
OMCL	C	-0.11%
NTRA	A	-0.11%
LUNR	B	-0.1%
MTDR	C	-0.1%
LGIH	F	-0.09%
WFRD	F	-0.09%
GSHD	B	-0.09%
KNTK	A	-0.09%
AAOI	A	-0.09%
VCTR	B	-0.09%
POWL	C	-0.08%
DNOW	B	-0.08%
USLM	A	-0.08%
NTST	D	-0.08%
STC	B	-0.07%
RICK	C	-0.07%
EE	A	-0.07%
MUR	F	-0.07%
TFIN	B	-0.07%
NXRT	A	-0.07%
ANET	C	-0.07%
FYBR	C	-0.07%
MGY	A	-0.07%
ACA	A	-0.07%
CSV	B	-0.07%
IBTX	B	-0.07%
DAR	B	-0.06%
BMBL	C	-0.06%
OIS	C	-0.06%
SABR	B	-0.06%
CSWI	A	-0.06%
PX	A	-0.06%
FFWM	C	-0.06%
MRC	B	-0.06%
SKWD	A	-0.06%
FLS	A	-0.06%
WTTR	A	-0.06%
GLDD	B	-0.06%
TH	C	-0.06%
CRGY	A	-0.06%
PRO	C	-0.06%
TTI	B	-0.06%
CRK	A	-0.06%
QTWO	B	-0.06%
EXP	B	-0.06%
SAVA	C	-0.06%
XPRO	F	-0.06%
MTCH	F	-0.06%
UEC	A	-0.06%
DXPE	B	-0.06%
YETI	D	-0.05%
INN	D	-0.05%
HTH	B	-0.05%
PTEN	C	-0.05%
DINO	D	-0.05%
CECO	C	-0.05%
TALO	C	-0.05%
ATI	C	-0.05%
GDOT	D	-0.05%
NXST	C	-0.05%
BIGC	C	-0.05%
THR	B	-0.05%
HLX	C	-0.05%
GRNT	B	-0.05%
PUMP	D	-0.05%
SWI	B	-0.05%
ITGR	B	-0.05%
HESM	A	-0.05%
CHX	C	-0.05%
VTOL	B	-0.05%
EZPW	A	-0.05%
AZZ	A	-0.05%
WSR	A	-0.05%
SBSI	B	-0.05%
CNK	A	-0.05%
TASK	C	-0.05%
UPBD	C	-0.05%
ALG	C	-0.05%
NX	C	-0.05%
WHD	B	-0.05%
OII	B	-0.05%
CMC	B	-0.05%
ALKT	B	-0.05%
VBTX	B	-0.05%
AROC	A	-0.05%
TRN	A	-0.05%
APLD	A	-0.05%
THRY	F	-0.04%
BRY	F	-0.04%
DIOD	F	-0.04%
CVI	D	-0.04%
TSHA	D	-0.04%
TDW	F	-0.04%
CSTL	C	-0.04%
VITL	D	-0.04%
HUN	F	-0.04%
SLAB	F	-0.04%
PARR	F	-0.04%
FOR	F	-0.04%
EGY	F	-0.04%
NR	C	-0.04%
NOV	D	-0.04%
AESI	B	-0.04%
LXRX	F	-0.03%
ETWO	F	-0.03%
SVRA	F	-0.03%
CRUS	F	-0.03%
AMN	F	-0.03%
APPS	F	-0.02%
NOVA	F	-0.01%