SCHX vs. PHEQ ETF Comparison

Comparison of Schwab U.S. Large-Cap ETF (SCHX) to Parametric Hedged Equity ETF (PHEQ)

SCHX

Schwab U.S. Large-Cap ETF

SCHX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market IndexSM actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The index is a float-adjusted market capitalization weighted index. It may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$23.65

Average Daily Volume

7,807,373

Number of Holdings ^*

735

* may have additional holdings in another (foreign) market

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

Performance

Period	SCHX	PHEQ
30 Days	3.68%	1.99%
60 Days	5.29%	3.02%
90 Days	7.05%	3.86%
12 Months	33.73%	16.61%

195 Overlapping Holdings

	Symbol	Grade	Weight in SCHX	Weight in PHEQ	Overlap
	AAPL	C	6.43%	6.85%	6.43%
	ABBV	D	0.56%	0.85%	0.56%
	ABNB	C	0.11%	0.15%	0.11%
	ABT	B	0.37%	0.6%	0.37%
	ADBE	C	0.44%	0.48%	0.44%
	AEE	A	0.04%	0.3%	0.04%
	AGR	B	0.0%	0.07%	0.0%
	AKAM	D	0.02%	0.16%	0.02%
	ALGN	D	0.03%	0.06%	0.03%
	ALNY	D	0.06%	0.13%	0.06%
	AMCR	D	0.03%	0.21%	0.03%
	AMD	F	0.42%	0.51%	0.42%
	AME	A	0.08%	0.28%	0.08%
	AMGN	D	0.29%	0.45%	0.29%
	AMZN	C	3.66%	4.1%	3.66%
	APO	B	0.14%	0.3%	0.14%
	APTV	D	0.03%	0.14%	0.03%
	ARE	D	0.03%	0.21%	0.03%
	ARES	A	0.06%	0.25%	0.06%
	AVB	B	0.06%	0.35%	0.06%
	AVGO	D	1.47%	1.71%	1.47%
	AVTR	F	0.03%	0.06%	0.03%
	AXP	A	0.3%	0.57%	0.3%
	BA	F	0.19%	0.32%	0.19%
	BAC	A	0.57%	0.98%	0.57%
	BAH	F	0.04%	0.12%	0.04%
	BKNG	A	0.31%	0.39%	0.31%
	BLDR	D	0.04%	0.08%	0.04%
	BMY	B	0.22%	0.48%	0.22%
	BRK.A	B	1.59%	1.42%	1.42%
	BRO	B	0.05%	0.31%	0.05%
	BSY	D	0.01%	0.04%	0.01%
	CAG	D	0.02%	0.17%	0.02%
	CAT	B	0.35%	0.55%	0.35%
	CE	F	0.01%	0.05%	0.01%
	CFG	B	0.04%	0.26%	0.04%
	CMS	C	0.04%	0.31%	0.04%
	CNP	B	0.04%	0.28%	0.04%
	COIN	C	0.1%	0.12%	0.1%
	COR	B	0.08%	0.3%	0.08%
	COST	B	0.76%	1.07%	0.76%
	CPB	D	0.02%	0.18%	0.02%
	CRM	B	0.6%	0.63%	0.6%
	CRWD	B	0.15%	0.17%	0.15%
	CSCO	B	0.43%	0.79%	0.43%
	CSL	C	0.04%	0.18%	0.04%
	CTAS	B	0.14%	0.42%	0.14%
	CVX	A	0.51%	0.84%	0.51%
	DAL	C	0.08%	0.39%	0.08%
	DASH	A	0.11%	0.13%	0.11%
	DDOG	A	0.08%	0.13%	0.08%
	DE	A	0.19%	0.44%	0.19%
	DELL	C	0.07%	0.14%	0.07%
	DIS	B	0.37%	0.57%	0.37%
	DKNG	B	0.04%	0.07%	0.04%
	DOC	D	0.03%	0.29%	0.03%
	DOV	A	0.05%	0.33%	0.05%
	DRI	B	0.04%	0.3%	0.04%
	DTE	C	0.05%	0.31%	0.05%
	DVN	F	0.05%	0.17%	0.05%
	ENPH	F	0.02%	0.03%	0.02%
	EQR	B	0.05%	0.32%	0.05%
	ESS	B	0.04%	0.19%	0.04%
	ETR	B	0.06%	0.4%	0.06%
	EXPD	D	0.03%	0.23%	0.03%
	EXR	D	0.06%	0.32%	0.06%
	FANG	D	0.06%	0.24%	0.06%
	FCNCA	A	0.05%	0.13%	0.05%
	FE	C	0.04%	0.24%	0.04%
	GLW	B	0.07%	0.25%	0.07%
	GOOG	C	1.58%	1.9%	1.58%
	GOOGL	C	1.91%	2.28%	1.91%
	HAL	C	0.05%	0.16%	0.05%
	HBAN	A	0.05%	0.31%	0.05%
	HD	A	0.75%	1.15%	0.75%
	HEI	B	0.05%	0.22%	0.05%
	HEI	B	0.05%	0.14%	0.05%
	HIG	B	0.06%	0.33%	0.06%
	HUBB	B	0.04%	0.13%	0.04%
	HUBS	A	0.07%	0.14%	0.07%
	HWM	A	0.09%	0.36%	0.09%
	IBKR	A	0.04%	0.11%	0.04%
	IBM	C	0.36%	0.56%	0.36%
	IFF	D	0.04%	0.16%	0.04%
	ILMN	D	0.04%	0.05%	0.04%
	ISRG	A	0.35%	0.58%	0.35%
	JBHT	C	0.03%	0.24%	0.03%
	JNJ	D	0.68%	1.04%	0.68%
	JPM	A	1.27%	1.73%	1.27%
	K	A	0.04%	0.34%	0.04%
	KKR	A	0.19%	0.46%	0.19%
	KLAC	D	0.16%	0.34%	0.16%
	KMB	D	0.08%	0.33%	0.08%
	KO	D	0.45%	0.77%	0.45%
	L	A	0.03%	0.24%	0.03%
	LH	C	0.04%	0.31%	0.04%
	LII	A	0.04%	0.25%	0.04%
	LIN	D	0.4%	0.67%	0.4%
	LLY	F	1.15%	1.39%	1.15%
	LMT	D	0.21%	0.58%	0.21%
	LNG	B	0.09%	0.22%	0.09%
	LNT	A	0.03%	0.33%	0.03%
	LOW	D	0.29%	0.57%	0.29%
	LPLA	A	0.04%	0.05%	0.04%
	LRCX	F	0.18%	0.29%	0.18%
	LULU	C	0.07%	0.21%	0.07%
	LYB	F	0.04%	0.22%	0.04%
	MA	C	0.8%	1.14%	0.8%
	MAA	B	0.03%	0.27%	0.03%
	MDT	D	0.2%	0.51%	0.2%
	META	D	2.34%	2.66%	2.34%
	MGM	D	0.02%	0.13%	0.02%
	MKL	A	0.04%	0.23%	0.04%
	MMM	D	0.13%	0.44%	0.13%
	MOH	F	0.03%	0.14%	0.03%
	MRK	F	0.46%	0.69%	0.46%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.03%	0.24%	0.03%
	MRVL	B	0.15%	0.25%	0.15%
	MS	A	0.31%	0.39%	0.31%
	MSFT	F	5.88%	6.55%	5.88%
	MSTR	C	0.11%	0.2%	0.11%
	MU	D	0.2%	0.31%	0.2%
	NDAQ	A	0.06%	0.24%	0.06%
	NDSN	B	0.03%	0.14%	0.03%
	NEM	D	0.09%	0.23%	0.09%
	NET	B	0.05%	0.07%	0.05%
	NFLX	A	0.67%	0.8%	0.67%
	NOW	A	0.4%	0.61%	0.4%
	NVDA	C	6.69%	7.12%	6.69%
	OKTA	C	0.02%	0.04%	0.02%
	ON	D	0.05%	0.14%	0.05%
	ORCL	B	0.55%	0.73%	0.55%
	OTIS	C	0.07%	0.33%	0.07%
	OWL	A	0.02%	0.05%	0.02%
	PANW	C	0.24%	0.3%	0.24%
	PEP	F	0.42%	0.72%	0.42%
	PFG	D	0.03%	0.2%	0.03%
	PG	A	0.73%	1.09%	0.73%
	PHM	D	0.05%	0.3%	0.05%
	PINS	D	0.03%	0.03%	0.03%
	PLTR	B	0.22%	0.36%	0.22%
	PPG	F	0.05%	0.18%	0.05%
	PPL	B	0.05%	0.34%	0.05%
	PRU	A	0.08%	0.37%	0.08%
	PYPL	B	0.16%	0.28%	0.16%
	QCOM	F	0.34%	0.33%	0.33%
	RBLX	C	0.05%	0.12%	0.05%
	REGN	F	0.15%	0.21%	0.15%
	RMD	C	0.06%	0.24%	0.06%
	ROST	C	0.09%	0.32%	0.09%
	RPRX	D	0.02%	0.04%	0.02%
	RSG	A	0.08%	0.34%	0.08%
	SCHW	B	0.22%	0.35%	0.22%
	SIRI	C	0.01%	0.03%	0.01%
	SNAP	C	0.02%	0.05%	0.02%
	SNOW	C	0.08%	0.06%	0.06%
	SQ	B	0.09%	0.12%	0.09%
	SSNC	B	0.03%	0.21%	0.03%
	STLD	B	0.04%	0.11%	0.04%
	SUI	D	0.03%	0.1%	0.03%
	SYF	B	0.05%	0.27%	0.05%
	T	A	0.3%	0.68%	0.3%
	TEAM	A	0.07%	0.06%	0.06%
	TMO	F	0.38%	0.59%	0.38%
	TMUS	B	0.22%	0.51%	0.22%
	TRGP	B	0.08%	0.46%	0.08%
	TRU	D	0.04%	0.09%	0.04%
	TRV	B	0.11%	0.39%	0.11%
	TSLA	B	1.6%	1.91%	1.6%
	TTD	B	0.1%	0.18%	0.1%
	TW	A	0.03%	0.11%	0.03%
	TXN	C	0.35%	0.59%	0.35%
	UBER	D	0.28%	0.29%	0.28%
	ULTA	F	0.03%	0.23%	0.03%
	UNH	C	1.01%	1.37%	1.01%
	UNP	C	0.27%	0.52%	0.27%
	URI	B	0.1%	0.24%	0.1%
	V	A	0.95%	1.28%	0.95%
	VEEV	C	0.06%	0.1%	0.06%
	VRT	B	0.08%	0.1%	0.08%
	VRTX	F	0.23%	0.36%	0.23%
	WBD	C	0.04%	0.18%	0.04%
	WDAY	B	0.11%	0.13%	0.11%
	WFC	A	0.46%	0.67%	0.46%
	WLK	D	0.01%	0.04%	0.01%
	WM	A	0.15%	0.44%	0.15%
	WMT	A	0.68%	0.96%	0.68%
	WRB	A	0.03%	0.21%	0.03%
	WSM	B	0.03%	0.02%	0.02%
	XOM	B	0.99%	1.4%	0.99%
	YUM	B	0.07%	0.33%	0.07%
	ZBH	C	0.04%	0.14%	0.04%
	ZM	B	0.04%	0.18%	0.04%
	ZS	C	0.04%	0.08%	0.04%

SCHX Overweight 541 Positions Relative to PHEQ

	Symbol	Grade	Weight
	ACN	C	0.42%
	MCD	D	0.4%
	PM	B	0.37%
	GE	D	0.36%
	INTU	C	0.36%
	GS	A	0.34%
	VZ	C	0.32%
	CMCSA	B	0.31%
	SPGI	C	0.3%
	AMAT	F	0.29%
	DHR	F	0.29%
	NEE	D	0.29%
	RTX	C	0.29%
	HON	B	0.28%
	PGR	A	0.28%
	ETN	A	0.27%
	BLK	C	0.27%
	PFE	D	0.27%
	TJX	A	0.25%
	BSX	B	0.24%
	C	A	0.24%
	BX	A	0.24%
	COP	C	0.24%
	SYK	C	0.24%
	ADP	B	0.23%
	FI	A	0.22%
	SBUX	A	0.21%
	GILD	C	0.21%
	ADI	D	0.2%
	PLD	D	0.2%
	INTC	D	0.2%
	CB	C	0.2%
	MMC	B	0.2%
	MO	A	0.18%
	SO	D	0.18%
	UPS	C	0.18%
	ANET	C	0.18%
	GEV	B	0.17%
	PH	A	0.17%
	ICE	C	0.17%
	SHW	A	0.17%
	CI	F	0.17%
	NKE	D	0.17%
	AMT	D	0.17%
	TT	A	0.17%
	ELV	F	0.17%
	SNPS	B	0.16%
	EQIX	A	0.16%
	DUK	C	0.16%
	APH	A	0.16%
	MDLZ	F	0.16%
	USB	A	0.15%
	ZTS	D	0.15%
	MCK	B	0.15%
	CME	A	0.15%
	AON	A	0.15%
	CMG	B	0.15%
	MSI	B	0.15%
	PNC	B	0.15%
	CDNS	B	0.15%
	ITW	B	0.14%
	EMR	A	0.14%
	CL	D	0.14%
	GD	F	0.14%
	MCO	B	0.14%
	EOG	A	0.14%
	WELL	A	0.14%
	WMB	A	0.13%
	NOC	D	0.13%
	CSX	B	0.13%
	CVS	D	0.13%
	COF	B	0.13%
	APD	A	0.13%
	CEG	D	0.13%
	TGT	F	0.13%
	ORLY	B	0.13%
	TDG	D	0.13%
	FCX	D	0.12%
	ECL	D	0.12%
	OKE	A	0.12%
	CARR	D	0.12%
	HCA	F	0.12%
	AJG	B	0.12%
	GM	B	0.12%
	BDX	F	0.12%
	FDX	B	0.12%
	MAR	B	0.12%
	ADSK	A	0.12%
	JCI	C	0.11%
	FICO	B	0.11%
	NXPI	D	0.11%
	BK	A	0.11%
	SRE	A	0.11%
	NSC	B	0.11%
	FTNT	C	0.11%
	PCAR	B	0.11%
	ROP	B	0.11%
	APP	B	0.11%
	HLT	A	0.11%
	SLB	C	0.11%
	TFC	A	0.11%
	KMI	A	0.1%
	ALL	A	0.1%
	GWW	B	0.1%
	PSA	D	0.1%
	MPC	D	0.1%
	AZO	C	0.1%
	PSX	C	0.1%
	SPG	B	0.1%
	DLR	B	0.1%
	RCL	A	0.1%
	AMP	A	0.1%
	AFL	B	0.1%
	PAYX	C	0.09%
	FAST	B	0.09%
	LHX	C	0.09%
	D	C	0.09%
	FLUT	A	0.09%
	VST	B	0.09%
	MSCI	C	0.09%
	PWR	A	0.09%
	DHI	D	0.09%
	FIS	C	0.09%
	MET	A	0.09%
	AIG	B	0.09%
	O	D	0.09%
	AEP	D	0.09%
	CMI	A	0.09%
	CPRT	A	0.09%
	VRSK	A	0.08%
	IT	C	0.08%
	IR	B	0.08%
	ODFL	B	0.08%
	BKR	B	0.08%
	LEN	D	0.08%
	F	C	0.08%
	PEG	A	0.08%
	AXON	A	0.08%
	DFS	B	0.08%
	CCI	D	0.08%
	VLO	C	0.08%
	PCG	A	0.08%
	KVUE	A	0.08%
	MCHP	D	0.07%
	IQV	D	0.07%
	HPQ	B	0.07%
	MTB	A	0.07%
	MLM	B	0.07%
	GIS	D	0.07%
	SYY	B	0.07%
	VMC	B	0.07%
	ACGL	D	0.07%
	KDP	D	0.07%
	GEHC	F	0.07%
	A	D	0.07%
	STZ	D	0.07%
	EXC	C	0.07%
	CHTR	C	0.07%
	XEL	A	0.07%
	KR	B	0.07%
	MNST	C	0.07%
	EA	A	0.07%
	CTVA	C	0.07%
	CBRE	B	0.07%
	EW	C	0.07%
	CTSH	B	0.07%
	HES	B	0.07%
	RJF	A	0.06%
	ANSS	B	0.06%
	TSCO	D	0.06%
	DXCM	D	0.06%
	UAL	A	0.06%
	EBAY	D	0.06%
	WEC	A	0.06%
	CSGP	D	0.06%
	CNC	D	0.06%
	DOW	F	0.06%
	EIX	B	0.06%
	WTW	B	0.06%
	FITB	A	0.06%
	GRMN	B	0.06%
	EFX	F	0.06%
	ROK	B	0.06%
	VICI	C	0.06%
	ED	D	0.06%
	IRM	D	0.06%
	HUM	C	0.06%
	OXY	D	0.06%
	WAB	B	0.06%
	DD	D	0.06%
	NUE	C	0.06%
	IDXX	F	0.06%
	NTAP	C	0.05%
	CCL	B	0.05%
	WST	C	0.05%
	SW	A	0.05%
	ADM	D	0.05%
	VLTO	D	0.05%
	EQT	B	0.05%
	CPAY	A	0.05%
	AWK	D	0.05%
	TPL	A	0.05%
	GDDY	A	0.05%
	VTR	C	0.05%
	TYL	B	0.05%
	MTD	D	0.05%
	CHD	B	0.05%
	FTV	C	0.05%
	HSY	F	0.05%
	TROW	B	0.05%
	BR	A	0.05%
	KEYS	A	0.05%
	DECK	A	0.05%
	CVNA	B	0.05%
	HPE	B	0.05%
	MPWR	F	0.05%
	KHC	F	0.05%
	STT	A	0.05%
	NVR	D	0.05%
	XYL	D	0.05%
	GPN	B	0.05%
	CAH	B	0.05%
	TTWO	A	0.05%
	SNA	A	0.04%
	NRG	B	0.04%
	INVH	D	0.04%
	LUV	C	0.04%
	IP	B	0.04%
	LYV	A	0.04%
	ZBRA	B	0.04%
	CLX	B	0.04%
	STX	D	0.04%
	OMC	C	0.04%
	WDC	D	0.04%
	CBOE	B	0.04%
	FSLR	F	0.04%
	PKG	A	0.04%
	NTRS	A	0.04%
	MDB	C	0.04%
	STE	F	0.04%
	ES	D	0.04%
	WAT	B	0.04%
	TDY	B	0.04%
	ATO	A	0.04%
	WY	D	0.04%
	LDOS	C	0.04%
	HOOD	B	0.04%
	EXPE	B	0.04%
	PTC	A	0.04%
	EME	C	0.04%
	CINF	A	0.04%
	SBAC	D	0.04%
	BIIB	F	0.04%
	CDW	F	0.04%
	RF	A	0.04%
	CW	B	0.03%
	POOL	C	0.03%
	ROL	B	0.03%
	EPAM	C	0.03%
	FFIV	B	0.03%
	RVTY	F	0.03%
	SFM	A	0.03%
	SOFI	A	0.03%
	EWBC	A	0.03%
	SAIA	B	0.03%
	EVRG	A	0.03%
	ACM	A	0.03%
	JBL	B	0.03%
	NWSA	B	0.03%
	FLEX	A	0.03%
	CASY	A	0.03%
	GGG	B	0.03%
	EL	F	0.03%
	Z	A	0.03%
	RGA	A	0.03%
	DPZ	C	0.03%
	VTRS	A	0.03%
	ENTG	D	0.03%
	PSTG	D	0.03%
	EQH	B	0.03%
	COHR	B	0.03%
	VRSN	F	0.03%
	CF	B	0.03%
	FIX	A	0.03%
	THC	D	0.03%
	TWLO	A	0.03%
	FNF	B	0.03%
	TOL	B	0.03%
	EG	C	0.03%
	DT	C	0.03%
	AVY	D	0.03%
	GWRE	A	0.03%
	USFD	A	0.03%
	TXT	D	0.03%
	NI	A	0.03%
	GEN	B	0.03%
	BAX	D	0.03%
	TOST	B	0.03%
	DOCU	A	0.03%
	FOXA	B	0.03%
	KIM	A	0.03%
	BURL	A	0.03%
	DG	F	0.03%
	OC	A	0.03%
	MANH	D	0.03%
	RBA	A	0.03%
	UTHR	C	0.03%
	LVS	C	0.03%
	RS	B	0.03%
	MAS	D	0.03%
	GPC	D	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	XPO	B	0.03%
	TER	D	0.03%
	NTNX	A	0.03%
	RPM	A	0.03%
	DGX	A	0.03%
	J	F	0.03%
	PNR	A	0.03%
	KEY	B	0.03%
	BBY	D	0.03%
	HOLX	D	0.03%
	WSO	A	0.03%
	PODD	C	0.03%
	TSN	B	0.03%
	BALL	D	0.03%
	FDS	B	0.03%
	NTRA	B	0.03%
	MKC	D	0.03%
	CTRA	B	0.03%
	RRC	B	0.02%
	ONTO	D	0.02%
	LNW	D	0.02%
	MOS	F	0.02%
	EGP	F	0.02%
	CRBG	B	0.02%
	HAS	D	0.02%
	HSIC	B	0.02%
	CBSH	A	0.02%
	TTC	D	0.02%
	CZR	F	0.02%
	APA	D	0.02%
	OGE	B	0.02%
	CHE	D	0.02%
	MEDP	D	0.02%
	FRT	B	0.02%
	AOS	F	0.02%
	APG	B	0.02%
	HRL	D	0.02%
	ZION	B	0.02%
	WYNN	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	ORI	A	0.02%
	CFR	B	0.02%
	KNX	B	0.02%
	AR	B	0.02%
	TFX	F	0.02%
	SMCI	F	0.02%
	AXTA	A	0.02%
	RGLD	C	0.02%
	DCI	B	0.02%
	PEN	B	0.02%
	REXR	F	0.02%
	MORN	B	0.02%
	FBIN	D	0.02%
	WMS	D	0.02%
	ROKU	D	0.02%
	AAL	B	0.02%
	CNH	C	0.02%
	WCC	B	0.02%
	CMA	A	0.02%
	SOLV	C	0.02%
	EXAS	D	0.02%
	PR	B	0.02%
	WTRG	B	0.02%
	WING	D	0.02%
	TPX	B	0.02%
	GL	B	0.02%
	ALLY	C	0.02%
	AES	F	0.02%
	MKTX	D	0.02%
	MUSA	A	0.02%
	LAD	A	0.02%
	WAL	B	0.02%
	CIEN	B	0.02%
	LKQ	D	0.02%
	EHC	B	0.02%
	ERIE	D	0.02%
	ARMK	B	0.02%
	OHI	C	0.02%
	AYI	B	0.02%
	WBS	A	0.02%
	PNW	B	0.02%
	CRL	C	0.02%
	AFG	A	0.02%
	CHDN	B	0.02%
	SRPT	D	0.02%
	WWD	B	0.02%
	KNSL	B	0.02%
	AA	B	0.02%
	GME	C	0.02%
	CTLT	B	0.02%
	CCK	C	0.02%
	CG	A	0.02%
	CUBE	D	0.02%
	FHN	A	0.02%
	BLD	D	0.02%
	TTEK	F	0.02%
	PAYC	B	0.02%
	TAP	C	0.02%
	IPG	D	0.02%
	CACI	D	0.02%
	FND	C	0.02%
	AIZ	A	0.02%
	LAMR	D	0.02%
	GNRC	B	0.02%
	TECH	D	0.02%
	BJ	A	0.02%
	ATR	B	0.02%
	BXP	D	0.02%
	LW	C	0.02%
	DKS	C	0.02%
	LBRDK	C	0.02%
	RRX	B	0.02%
	LECO	B	0.02%
	EMN	D	0.02%
	AMH	D	0.02%
	OVV	B	0.02%
	NCLH	B	0.02%
	SJM	D	0.02%
	JEF	A	0.02%
	UHS	D	0.02%
	ALB	C	0.02%
	REG	B	0.02%
	WPC	D	0.02%
	INSM	C	0.02%
	KMX	B	0.02%
	DAY	B	0.02%
	FTI	A	0.02%
	HST	C	0.02%
	SCI	B	0.02%
	ALLE	D	0.02%
	UNM	A	0.02%
	INCY	C	0.02%
	NBIX	C	0.02%
	NVT	B	0.02%
	BG	F	0.02%
	JLL	D	0.02%
	ITT	A	0.02%
	BMRN	D	0.02%
	JNPR	F	0.02%
	JKHY	D	0.02%
	CLH	B	0.02%
	CPT	B	0.02%
	CHRW	C	0.02%
	SWK	D	0.02%
	DLTR	F	0.02%
	TXRH	C	0.02%
	GLPI	C	0.02%
	TPR	B	0.02%
	UDR	B	0.02%
	SWKS	F	0.02%
	PFGC	B	0.02%
	ELS	C	0.02%
	RNR	C	0.02%
	COTY	F	0.01%
	PAG	B	0.01%
	CELH	F	0.01%
	PSN	D	0.01%
	ST	F	0.01%
	POST	C	0.01%
	ROIV	C	0.01%
	LEA	D	0.01%
	U	C	0.01%
	CLF	F	0.01%
	PATH	C	0.01%
	COLD	D	0.01%
	AGCO	D	0.01%
	BRKR	D	0.01%
	ETSY	D	0.01%
	ARW	D	0.01%
	STWD	C	0.01%
	QRVO	F	0.01%
	WBA	F	0.01%
	NOV	C	0.01%
	WSC	D	0.01%
	DAR	C	0.01%
	BEN	C	0.01%
	VFC	C	0.01%
	BIO	D	0.01%
	DINO	D	0.01%
	MTN	C	0.01%
	ELAN	D	0.01%
	FMC	D	0.01%
	CGNX	C	0.01%
	PARA	C	0.01%
	BBWI	D	0.01%
	LSCC	D	0.01%
	GNTX	C	0.01%
	UHAL	D	0.01%
	MASI	A	0.01%
	DVA	B	0.01%
	COKE	C	0.01%
	ALV	C	0.01%
	G	B	0.01%
	OLED	D	0.01%
	MHK	D	0.01%
	RGEN	D	0.01%
	AGNC	D	0.01%
	MIDD	C	0.01%
	RIVN	F	0.01%
	WEX	D	0.01%
	HII	D	0.01%
	BERY	B	0.01%
	ESTC	C	0.01%
	PCOR	B	0.01%
	JAZZ	B	0.01%
	NNN	D	0.01%
	WH	B	0.01%
	TREX	C	0.01%
	ACI	C	0.01%
	BWA	D	0.01%
	RHI	B	0.01%
	TKO	B	0.01%
	IVZ	B	0.01%
	VOYA	B	0.01%
	KBR	F	0.01%
	SEIC	B	0.01%
	MTCH	D	0.01%
	CHRD	D	0.01%
	CNM	D	0.01%
	CNA	B	0.0%
	REYN	D	0.0%
	UI	A	0.0%
	PPC	C	0.0%
	RCM	F	0.0%
	LCID	F	0.0%
	BOKF	B	0.0%
	ADTN	A	0.0%

SCHX Underweight 8 Positions Relative to PHEQ

	Symbol	Grade	Weight
	MELI	D	-0.25%
	SPOT	B	-0.19%
	DOX	D	-0.09%
	SCCO	F	-0.07%
	YUMC	C	-0.07%
	CPNG	D	-0.03%
	RKT	F	-0.03%
	WMG	C	-0.02%

SCHX: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Utilities - Regulated Electric Asset Management Banks - Regional - US Diagnostics & Research Biotechnology Oil & Gas E&P Semiconductors Specialty Retail Software - Infrastructure Capital Markets Aerospace & Defense Insurance - Property & Casualty Packaged Foods REIT - Residential Specialty Chemicals Drug Manufacturers - Major Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Aerospace Bank Dow Jones Component Real Estate Investment Trust Chemical Medicine Banking Telecommunications Mining Semiconductor Insurance Products Biotechnology Cloud Computing

PHEQ: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Drug Manufacturers - Major Internet Content & Information Specialty Chemicals Utilities - Regulated Electric Biotechnology Capital Markets Credit Services Diversified Industrials REIT - Residential Asset Management Insurance - Property & Casualty Medical Devices Specialty Retail Aerospace & Defense Banks - Global Banks - Regional - US Business Services

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Work From Home Electronics Cloud Computing Mobile Devices Electricity IBD 50 Cloud Infrastructure Medicine Software Bank Financial Products Insurance Pharmaceutical Products Real Estate Investment Trust Software As A Service