QARP vs. PHDG ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.51

Average Daily Volume

12,374

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	QARP	PHDG
30 Days	3.81%	0.66%
60 Days	3.83%	1.51%
90 Days	5.70%	1.58%
12 Months	26.96%	18.52%

250 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in PHDG	Overlap
A	D	0.09%	0.04%	0.04%
AAPL	C	4.88%	3.74%	3.74%
ABBV	D	0.02%	0.32%	0.02%
ABNB	C	0.23%	0.06%	0.06%
ABT	B	0.22%	0.22%	0.22%
ACGL	D	0.24%	0.04%	0.04%
ACN	C	1.18%	0.24%	0.24%
ADBE	C	0.91%	0.25%	0.25%
ADI	D	0.08%	0.11%	0.08%
ADM	D	0.27%	0.03%	0.03%
ADP	B	0.21%	0.13%	0.13%
ADSK	A	0.06%	0.07%	0.06%
ALB	C	0.02%	0.01%	0.01%
ALGN	D	0.05%	0.02%	0.02%
AMAT	F	0.77%	0.17%	0.17%
AMCR	D	0.03%	0.02%	0.02%
AMD	F	0.07%	0.24%	0.07%
AMGN	D	0.03%	0.17%	0.03%
AMZN	C	3.99%	2.13%	2.13%
ANET	C	0.13%	0.11%	0.11%
AON	A	0.33%	0.09%	0.09%
AOS	F	0.06%	0.01%	0.01%
APA	D	0.02%	0.01%	0.01%
APTV	D	0.05%	0.02%	0.02%
ATO	A	0.07%	0.02%	0.02%
AZO	C	0.34%	0.06%	0.06%
BBY	D	0.23%	0.02%	0.02%
BIIB	F	0.02%	0.03%	0.02%
BKNG	A	0.8%	0.18%	0.18%
BKR	B	0.1%	0.05%	0.05%
BLDR	D	0.17%	0.02%	0.02%
BMY	B	0.62%	0.13%	0.13%
BRK.A	B	5.21%	0.92%	0.92%
BWA	D	0.06%	0.01%	0.01%
BX	A	0.06%	0.14%	0.06%
CAH	B	0.4%	0.03%	0.03%
CAT	B	0.67%	0.2%	0.2%
CBOE	B	0.07%	0.02%	0.02%
CBRE	B	0.09%	0.04%	0.04%
CCL	B	0.05%	0.03%	0.03%
CDNS	B	0.02%	0.09%	0.02%
CDW	F	0.02%	0.03%	0.02%
CE	F	0.02%	0.01%	0.01%
CF	B	0.13%	0.02%	0.02%
CHRW	C	0.06%	0.01%	0.01%
CHTR	C	0.14%	0.04%	0.04%
CI	F	0.55%	0.1%	0.1%
CINF	A	0.09%	0.03%	0.03%
CL	D	0.21%	0.08%	0.08%
CLX	B	0.06%	0.02%	0.02%
CMCSA	B	0.86%	0.18%	0.18%
CMG	B	0.11%	0.09%	0.09%
CMI	A	0.26%	0.05%	0.05%
CNC	D	0.23%	0.03%	0.03%
CNP	B	0.04%	0.02%	0.02%
COF	B	0.16%	0.08%	0.08%
COP	C	0.78%	0.14%	0.14%
COR	B	0.4%	0.05%	0.05%
COST	B	2.32%	0.44%	0.44%
CPB	D	0.02%	0.01%	0.01%
CPRT	A	0.07%	0.05%	0.05%
CSCO	B	1.97%	0.25%	0.25%
CSX	B	0.07%	0.07%	0.07%
CTAS	B	0.08%	0.08%	0.08%
CTRA	B	0.11%	0.02%	0.02%
CTSH	B	0.3%	0.04%	0.04%
CTVA	C	0.02%	0.04%	0.02%
CVS	D	0.18%	0.07%	0.07%
CVX	A	1.54%	0.3%	0.3%
DAL	C	0.22%	0.04%	0.04%
DD	D	0.02%	0.04%	0.02%
DE	A	0.24%	0.11%	0.11%
DECK	A	0.13%	0.03%	0.03%
DGX	A	0.03%	0.02%	0.02%
DHI	D	0.31%	0.05%	0.05%
DLTR	F	0.07%	0.01%	0.01%
DOW	F	0.07%	0.03%	0.03%
DPZ	C	0.03%	0.02%	0.02%
DRI	B	0.13%	0.02%	0.02%
DVN	F	0.17%	0.03%	0.03%
EA	A	0.21%	0.04%	0.04%
EBAY	D	0.09%	0.03%	0.03%
EG	C	0.06%	0.02%	0.02%
EL	F	0.02%	0.02%	0.02%
ELV	F	0.47%	0.1%	0.1%
EOG	A	0.5%	0.08%	0.08%
EPAM	C	0.04%	0.02%	0.02%
EW	C	0.06%	0.04%	0.04%
EXPD	D	0.13%	0.02%	0.02%
EXPE	B	0.17%	0.02%	0.02%
FANG	D	0.19%	0.04%	0.04%
FAST	B	0.22%	0.05%	0.05%
FCX	D	0.04%	0.07%	0.04%
FDS	B	0.1%	0.02%	0.02%
FDX	B	0.33%	0.07%	0.07%
FFIV	B	0.06%	0.02%	0.02%
FICO	B	0.08%	0.06%	0.06%
FOXA	B	0.03%	0.01%	0.01%
FTNT	C	0.22%	0.06%	0.06%
GEHC	F	0.13%	0.04%	0.04%
GEV	B	0.2%	0.1%	0.1%
GILD	C	0.33%	0.12%	0.12%
GIS	D	0.09%	0.04%	0.04%
GM	B	0.25%	0.07%	0.07%
GOOG	C	2.14%	0.92%	0.92%
GOOGL	C	2.36%	1.11%	1.11%
GPC	D	0.07%	0.02%	0.02%
GRMN	B	0.16%	0.03%	0.03%
GWW	B	0.27%	0.06%	0.06%
HAL	C	0.06%	0.03%	0.03%
HCA	F	0.27%	0.07%	0.07%
HD	A	2.0%	0.43%	0.43%
HII	D	0.02%	0.01%	0.01%
HOLX	D	0.04%	0.02%	0.02%
HPQ	B	0.08%	0.04%	0.04%
HST	C	0.03%	0.01%	0.01%
HSY	F	0.09%	0.03%	0.03%
HUM	C	0.31%	0.04%	0.04%
INCY	C	0.07%	0.01%	0.01%
INTC	D	0.08%	0.12%	0.08%
IP	B	0.04%	0.02%	0.02%
ISRG	A	0.18%	0.21%	0.18%
ITW	B	0.31%	0.08%	0.08%
J	F	0.04%	0.02%	0.02%
JBHT	C	0.05%	0.02%	0.02%
JBL	B	0.06%	0.02%	0.02%
JKHY	D	0.05%	0.01%	0.01%
JNJ	D	2.32%	0.39%	0.39%
JNPR	F	0.04%	0.01%	0.01%
K	A	0.06%	0.02%	0.02%
KEYS	A	0.12%	0.03%	0.03%
KLAC	D	0.17%	0.09%	0.09%
KMB	D	0.15%	0.05%	0.05%
KR	B	0.3%	0.04%	0.04%
KVUE	A	0.21%	0.05%	0.05%
LEN	D	0.4%	0.04%	0.04%
LH	C	0.07%	0.02%	0.02%
LKQ	D	0.02%	0.01%	0.01%
LLY	F	0.03%	0.67%	0.03%
LMT	D	0.71%	0.12%	0.12%
LOW	D	0.78%	0.17%	0.17%
LRCX	F	0.45%	0.11%	0.11%
LULU	C	0.18%	0.04%	0.04%
LUV	C	0.11%	0.02%	0.02%
LVS	C	0.04%	0.02%	0.02%
LYB	F	0.09%	0.02%	0.02%
LYV	A	0.08%	0.02%	0.02%
MA	C	1.58%	0.46%	0.46%
MAR	B	0.12%	0.07%	0.07%
MAS	D	0.07%	0.02%	0.02%
MCD	D	0.39%	0.23%	0.23%
MCHP	D	0.04%	0.04%	0.04%
MCK	B	1.15%	0.09%	0.09%
MCO	B	0.33%	0.08%	0.08%
META	D	5.17%	1.36%	1.36%
MGM	D	0.05%	0.01%	0.01%
MHK	D	0.02%	0.01%	0.01%
MKTX	D	0.05%	0.01%	0.01%
MMC	B	0.55%	0.12%	0.12%
MMM	D	0.12%	0.08%	0.08%
MNST	C	0.15%	0.04%	0.04%
MO	A	0.63%	0.1%	0.1%
MOH	F	0.06%	0.02%	0.02%
MOS	F	0.04%	0.01%	0.01%
MPC	D	0.25%	0.06%	0.06%
MRK	F	0.32%	0.27%	0.27%
MRNA	F	0.05%	0.01%	0.01%
MRO	B	0.11%	0.02%	0.02%
MSCI	C	0.23%	0.05%	0.05%
MSFT	F	2.05%	3.42%	2.05%
MTD	D	0.09%	0.03%	0.03%
MU	D	0.35%	0.12%	0.12%
NKE	D	0.31%	0.1%	0.1%
NTAP	C	0.06%	0.03%	0.03%
NUE	C	0.37%	0.04%	0.04%
NVDA	C	0.18%	3.89%	0.18%
NVR	D	0.23%	0.03%	0.03%
ODFL	B	0.19%	0.05%	0.05%
ON	D	0.04%	0.03%	0.03%
ORCL	B	0.05%	0.32%	0.05%
ORLY	B	0.38%	0.08%	0.08%
OTIS	C	0.04%	0.04%	0.04%
OXY	D	0.06%	0.04%	0.04%
PAYC	B	0.04%	0.01%	0.01%
PAYX	C	0.2%	0.05%	0.05%
PCAR	B	0.24%	0.07%	0.07%
PFE	D	0.48%	0.16%	0.16%
PG	A	1.34%	0.42%	0.42%
PGR	A	0.06%	0.16%	0.06%
PHM	D	0.21%	0.03%	0.03%
PKG	A	0.06%	0.02%	0.02%
PM	B	0.55%	0.21%	0.21%
POOL	C	0.06%	0.01%	0.01%
PSA	D	0.31%	0.06%	0.06%
PSX	C	0.12%	0.06%	0.06%
PWR	A	0.06%	0.05%	0.05%
PYPL	B	0.34%	0.09%	0.09%
QCOM	F	0.26%	0.2%	0.2%
REGN	F	0.26%	0.09%	0.09%
RL	B	0.05%	0.01%	0.01%
ROK	B	0.09%	0.04%	0.04%
ROL	B	0.04%	0.02%	0.02%
ROST	C	0.25%	0.05%	0.05%
SBUX	A	0.52%	0.12%	0.12%
SJM	D	0.03%	0.01%	0.01%
SLB	C	0.14%	0.07%	0.07%
SNA	A	0.12%	0.02%	0.02%
SOLV	C	0.1%	0.01%	0.01%
SPG	B	0.2%	0.06%	0.06%
SPGI	C	0.07%	0.18%	0.07%
STLD	B	0.23%	0.02%	0.02%
SWKS	F	0.08%	0.01%	0.01%
SYF	B	0.14%	0.03%	0.03%
SYY	B	0.33%	0.04%	0.04%
T	A	0.69%	0.17%	0.17%
TAP	C	0.04%	0.01%	0.01%
TER	D	0.03%	0.02%	0.02%
TGT	F	0.4%	0.08%	0.08%
TJX	A	0.82%	0.15%	0.15%
TPR	B	0.12%	0.01%	0.01%
TROW	B	0.25%	0.03%	0.03%
TSCO	D	0.16%	0.03%	0.03%
TSLA	B	0.75%	0.93%	0.75%
TSN	B	0.04%	0.02%	0.02%
TT	A	0.08%	0.1%	0.08%
TXN	C	0.37%	0.2%	0.2%
TXT	D	0.06%	0.02%	0.02%
UAL	A	0.1%	0.03%	0.03%
UHS	D	0.05%	0.01%	0.01%
ULTA	F	0.15%	0.02%	0.02%
UNH	C	2.32%	0.59%	0.59%
UNP	C	0.12%	0.15%	0.12%
UPS	C	0.4%	0.1%	0.1%
URI	B	0.23%	0.06%	0.06%
V	A	1.84%	0.56%	0.56%
VICI	C	0.07%	0.04%	0.04%
VLO	C	0.18%	0.05%	0.05%
VRSN	F	0.06%	0.02%	0.02%
VRTX	F	0.21%	0.13%	0.13%
VST	B	0.2%	0.05%	0.05%
VZ	C	0.65%	0.19%	0.19%
WAT	B	0.03%	0.02%	0.02%
WBD	C	0.04%	0.02%	0.02%
WMT	A	2.88%	0.4%	0.4%
WST	C	0.09%	0.03%	0.03%
WTW	B	0.03%	0.03%	0.03%
WY	D	0.08%	0.02%	0.02%
WYNN	D	0.04%	0.01%	0.01%
XOM	B	3.19%	0.58%	0.58%
YUM	B	0.05%	0.04%	0.04%

QARP Overweight 95 Positions Relative to PHDG

Symbol	Grade	Weight
LPLA	A	0.19%
RS	B	0.17%
EME	C	0.15%
WSM	B	0.15%
FCNCA	A	0.14%
OC	A	0.13%
CASY	A	0.12%
UTHR	C	0.11%
BJ	A	0.11%
MTG	C	0.11%
EVR	B	0.11%
CPNG	D	0.1%
AMG	B	0.09%
DKS	C	0.09%
WSO	A	0.08%
AYI	B	0.08%
HRB	D	0.08%
PFGC	B	0.08%
DOX	D	0.07%
GGG	B	0.07%
RHI	B	0.07%
SEIC	B	0.07%
LNG	B	0.07%
TOL	B	0.07%
AGCO	D	0.06%
EXP	A	0.06%
TXRH	C	0.06%
SKX	D	0.06%
INGR	B	0.05%
FIX	A	0.05%
BLD	D	0.05%
ITT	A	0.05%
CLF	F	0.05%
LSTR	D	0.05%
CSL	C	0.05%
SAIA	B	0.05%
COIN	C	0.05%
RNR	C	0.05%
MUSA	A	0.05%
ACI	C	0.05%
ACM	A	0.04%
AAL	B	0.04%
OSK	B	0.04%
USFD	A	0.04%
NYT	C	0.04%
KNSL	B	0.04%
CHE	D	0.04%
ARMK	B	0.04%
LPX	B	0.04%
CNM	D	0.04%
ALSN	B	0.04%
COKE	C	0.04%
LEA	D	0.04%
GNTX	C	0.04%
FND	C	0.04%
BURL	A	0.04%
LECO	B	0.04%
CHRD	D	0.04%
HLI	B	0.04%
DBX	B	0.04%
DCI	B	0.04%
ALK	C	0.04%
SSD	D	0.03%
CRUS	D	0.03%
PII	D	0.03%
OLN	D	0.03%
MTZ	B	0.03%
FCN	D	0.03%
RLI	B	0.03%
PINC	B	0.03%
G	B	0.03%
GLPI	C	0.03%
RPRX	D	0.03%
KNX	B	0.03%
MSM	C	0.03%
THO	B	0.03%
OVV	B	0.03%
PVH	C	0.03%
LOPE	B	0.03%
GAP	C	0.03%
JHG	A	0.03%
LAMR	D	0.03%
MEDP	D	0.03%
VVV	F	0.03%
X	C	0.03%
EXEL	B	0.03%
DINO	D	0.02%
BBWI	D	0.02%
AR	B	0.02%
NEU	C	0.02%
FIVE	F	0.02%
TTEK	F	0.02%
M	D	0.02%
CROX	D	0.02%
IWB	A	0.0%

QARP Underweight 249 Positions Relative to PHDG

Symbol	Grade	Weight
AVGO	D	-0.86%
JPM	A	-0.74%
NFLX	A	-0.39%
CRM	B	-0.35%
BAC	A	-0.33%
WFC	A	-0.27%
KO	D	-0.26%
PEP	F	-0.24%
NOW	A	-0.23%
LIN	D	-0.23%
TMO	F	-0.22%
IBM	C	-0.21%
GE	D	-0.21%
INTU	C	-0.21%
DIS	B	-0.21%
GS	A	-0.2%
MS	A	-0.18%
DHR	F	-0.17%
NEE	D	-0.17%
RTX	C	-0.17%
AXP	A	-0.17%
ETN	A	-0.16%
BLK	C	-0.16%
UBER	D	-0.16%
HON	B	-0.16%
PANW	C	-0.14%
BSX	B	-0.14%
C	A	-0.14%
SYK	C	-0.14%
TMUS	B	-0.13%
PLTR	B	-0.13%
SCHW	B	-0.13%
FI	A	-0.13%
CB	C	-0.12%
MDT	D	-0.12%
BA	F	-0.11%
KKR	A	-0.11%
PLD	D	-0.11%
PH	A	-0.1%
ICE	C	-0.1%
SHW	A	-0.1%
AMT	D	-0.1%
SO	D	-0.1%
ZTS	D	-0.09%
CRWD	B	-0.09%
CME	A	-0.09%
WM	A	-0.09%
MSI	B	-0.09%
PNC	B	-0.09%
SNPS	B	-0.09%
DUK	C	-0.09%
EQIX	A	-0.09%
APH	A	-0.09%
MDLZ	F	-0.09%
APD	A	-0.08%
CEG	D	-0.08%
TDG	D	-0.08%
EMR	A	-0.08%
GD	F	-0.08%
WELL	A	-0.08%
USB	A	-0.08%
ROP	B	-0.07%
HLT	A	-0.07%
TFC	A	-0.07%
ECL	D	-0.07%
CARR	D	-0.07%
OKE	A	-0.07%
AJG	B	-0.07%
BDX	F	-0.07%
WMB	A	-0.07%
NOC	D	-0.07%
ALL	A	-0.06%
KMI	A	-0.06%
DLR	B	-0.06%
RCL	A	-0.06%
AMP	A	-0.06%
AFL	B	-0.06%
JCI	C	-0.06%
NXPI	D	-0.06%
BK	A	-0.06%
SRE	A	-0.06%
TRV	B	-0.06%
NSC	B	-0.06%
TRGP	B	-0.05%
RSG	A	-0.05%
F	C	-0.05%
PEG	A	-0.05%
AXON	A	-0.05%
DFS	B	-0.05%
CCI	D	-0.05%
PCG	A	-0.05%
PRU	A	-0.05%
AME	A	-0.05%
HWM	A	-0.05%
NEM	D	-0.05%
LHX	C	-0.05%
D	C	-0.05%
FIS	C	-0.05%
MET	A	-0.05%
AIG	B	-0.05%
O	D	-0.05%
AEP	D	-0.05%
ED	D	-0.04%
IRM	D	-0.04%
RMD	C	-0.04%
HIG	B	-0.04%
WAB	B	-0.04%
EXR	D	-0.04%
IDXX	F	-0.04%
IQV	D	-0.04%
MTB	A	-0.04%
MLM	B	-0.04%
GLW	B	-0.04%
VMC	B	-0.04%
KDP	D	-0.04%
STZ	D	-0.04%
EXC	C	-0.04%
XEL	A	-0.04%
DELL	C	-0.04%
HES	B	-0.04%
VRSK	A	-0.04%
IT	C	-0.04%
IR	B	-0.04%
SBAC	D	-0.03%
HUBB	B	-0.03%
AEE	A	-0.03%
RF	A	-0.03%
PPL	B	-0.03%
DTE	C	-0.03%
SW	A	-0.03%
EQR	B	-0.03%
VLTO	D	-0.03%
EQT	B	-0.03%
HBAN	A	-0.03%
AWK	D	-0.03%
CPAY	A	-0.03%
BRO	B	-0.03%
GDDY	A	-0.03%
TYL	B	-0.03%
VTR	C	-0.03%
CHD	B	-0.03%
FTV	C	-0.03%
BR	A	-0.03%
DOV	A	-0.03%
HPE	B	-0.03%
KHC	F	-0.03%
STT	A	-0.03%
MPWR	F	-0.03%
PPG	F	-0.03%
GPN	B	-0.03%
TTWO	A	-0.03%
XYL	D	-0.03%
ANSS	B	-0.03%
RJF	A	-0.03%
DXCM	D	-0.03%
WEC	A	-0.03%
CSGP	D	-0.03%
ETR	B	-0.03%
EIX	B	-0.03%
FITB	A	-0.03%
NDAQ	A	-0.03%
EFX	F	-0.03%
AVB	B	-0.03%
NDSN	B	-0.02%
RVTY	F	-0.02%
EVRG	A	-0.02%
DOC	D	-0.02%
VTRS	A	-0.02%
L	A	-0.02%
LNT	A	-0.02%
AVY	D	-0.02%
NI	A	-0.02%
BAX	D	-0.02%
GEN	B	-0.02%
KIM	A	-0.02%
ARE	D	-0.02%
DG	F	-0.02%
TRMB	B	-0.02%
IEX	B	-0.02%
PNR	A	-0.02%
KEY	B	-0.02%
WRB	A	-0.02%
PODD	C	-0.02%
PFG	D	-0.02%
MAA	B	-0.02%
BALL	D	-0.02%
MKC	D	-0.02%
NRG	B	-0.02%
INVH	D	-0.02%
ESS	B	-0.02%
CMS	C	-0.02%
ZBRA	B	-0.02%
STX	D	-0.02%
OMC	C	-0.02%
WDC	D	-0.02%
CFG	B	-0.02%
FSLR	F	-0.02%
FE	C	-0.02%
NTRS	A	-0.02%
STE	F	-0.02%
ES	D	-0.02%
ZBH	C	-0.02%
TDY	B	-0.02%
LDOS	C	-0.02%
IFF	D	-0.02%
PTC	A	-0.02%
FOX	A	-0.01%
QRVO	F	-0.01%
WBA	F	-0.01%
BEN	C	-0.01%
PARA	C	-0.01%
FMC	D	-0.01%
DVA	B	-0.01%
IVZ	B	-0.01%
MTCH	D	-0.01%
HAS	D	-0.01%
HSIC	B	-0.01%
CZR	F	-0.01%
FRT	B	-0.01%
ENPH	F	-0.01%
HRL	D	-0.01%
TFX	F	-0.01%
SMCI	F	-0.01%
GL	B	-0.01%
AES	F	-0.01%
CRL	C	-0.01%
ERIE	D	-0.01%
PNW	B	-0.01%
CTLT	B	-0.01%
IPG	D	-0.01%
NWSA	B	-0.01%
AIZ	A	-0.01%
GNRC	B	-0.01%
TECH	D	-0.01%
LW	C	-0.01%
BXP	D	-0.01%
NCLH	B	-0.01%
EMN	D	-0.01%
REG	B	-0.01%
DAY	B	-0.01%
KMX	B	-0.01%
ALLE	D	-0.01%
BG	F	-0.01%
CPT	B	-0.01%
CAG	D	-0.01%
SWK	D	-0.01%
UDR	B	-0.01%
AKAM	D	-0.01%
NWS	B	-0.0%