SHUS vs. PHEQ ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Parametric Hedged Equity ETF (PHEQ)

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* 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	SHUS	PHEQ
30 Days	2.26%	1.99%
60 Days	3.81%	3.02%
90 Days	5.24%	3.86%
12 Months	15.89%	16.61%

147 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in PHEQ	Overlap
AAPL	C	0.49%	6.85%	0.49%
ABBV	D	0.24%	0.85%	0.24%
ABNB	C	0.12%	0.15%	0.12%
ABT	B	0.06%	0.6%	0.06%
ADBE	C	0.15%	0.48%	0.15%
AEE	A	0.08%	0.3%	0.08%
AKAM	D	0.26%	0.16%	0.16%
ALGN	D	0.1%	0.06%	0.06%
AMCR	D	0.12%	0.21%	0.12%
AMD	F	0.14%	0.51%	0.14%
AME	A	0.12%	0.28%	0.12%
AMGN	D	0.23%	0.45%	0.23%
AMZN	C	0.21%	4.1%	0.21%
APTV	D	0.39%	0.14%	0.14%
ARE	D	0.1%	0.21%	0.1%
AVB	B	0.1%	0.35%	0.1%
AVGO	D	0.22%	1.71%	0.22%
AXP	A	0.05%	0.57%	0.05%
BA	F	0.16%	0.32%	0.16%
BAC	A	0.12%	0.98%	0.12%
BKNG	A	0.13%	0.39%	0.13%
BLDR	D	0.19%	0.08%	0.08%
BMY	B	0.25%	0.48%	0.25%
BRK.A	B	0.49%	1.42%	0.49%
BRO	B	0.03%	0.31%	0.03%
CAG	D	0.21%	0.17%	0.17%
CAT	B	0.14%	0.55%	0.14%
CE	F	0.07%	0.05%	0.05%
CFG	B	0.05%	0.26%	0.05%
CMS	C	0.07%	0.31%	0.07%
CNP	B	0.25%	0.28%	0.25%
COR	B	0.18%	0.3%	0.18%
COST	B	0.7%	1.07%	0.7%
CPB	D	0.2%	0.18%	0.18%
CRM	B	0.35%	0.63%	0.35%
CRWD	B	0.18%	0.17%	0.17%
CSCO	B	0.21%	0.79%	0.21%
CTAS	B	0.17%	0.42%	0.17%
CVX	A	0.75%	0.84%	0.75%
DAL	C	0.27%	0.39%	0.27%
DE	A	0.13%	0.44%	0.13%
DELL	C	0.17%	0.14%	0.14%
DIS	B	0.2%	0.57%	0.2%
DOC	D	0.11%	0.29%	0.11%
DOV	A	0.17%	0.33%	0.17%
DRI	B	0.5%	0.3%	0.3%
DTE	C	0.24%	0.31%	0.24%
DVN	F	0.16%	0.17%	0.16%
ENPH	F	0.25%	0.03%	0.03%
EQR	B	0.1%	0.32%	0.1%
ESS	B	0.1%	0.19%	0.1%
ETR	B	0.25%	0.4%	0.25%
EXPD	D	0.09%	0.23%	0.09%
EXR	D	0.11%	0.32%	0.11%
FANG	D	0.07%	0.24%	0.07%
FE	C	0.24%	0.24%	0.24%
GLW	B	0.19%	0.25%	0.19%
GOOG	C	0.22%	1.9%	0.22%
GOOGL	C	0.22%	2.28%	0.22%
HAL	C	0.33%	0.16%	0.16%
HBAN	A	0.05%	0.31%	0.05%
HD	A	0.25%	1.15%	0.25%
HIG	B	0.14%	0.33%	0.14%
HUBB	B	0.26%	0.13%	0.13%
HWM	A	0.07%	0.36%	0.07%
IBM	C	0.33%	0.56%	0.33%
IFF	D	0.05%	0.16%	0.05%
ISRG	A	0.12%	0.58%	0.12%
JBHT	C	0.08%	0.24%	0.08%
JNJ	D	0.23%	1.04%	0.23%
JPM	A	0.12%	1.73%	0.12%
K	A	0.18%	0.34%	0.18%
KKR	A	0.09%	0.46%	0.09%
KLAC	D	0.17%	0.34%	0.17%
KMB	D	0.41%	0.33%	0.33%
KO	D	0.24%	0.77%	0.24%
L	A	0.49%	0.24%	0.24%
LH	C	0.16%	0.31%	0.16%
LIN	D	0.04%	0.67%	0.04%
LLY	F	0.23%	1.39%	0.23%
LMT	D	0.08%	0.58%	0.08%
LNT	A	0.08%	0.33%	0.08%
LOW	D	0.25%	0.57%	0.25%
LULU	C	0.3%	0.21%	0.21%
LYB	F	0.07%	0.22%	0.07%
MA	C	0.05%	1.14%	0.05%
MAA	B	0.1%	0.27%	0.1%
MDT	D	0.06%	0.51%	0.06%
META	D	0.46%	2.66%	0.46%
MGM	D	0.07%	0.13%	0.07%
MMM	D	0.17%	0.44%	0.17%
MOH	F	0.25%	0.14%	0.14%
MRK	F	0.24%	0.69%	0.24%
MRNA	F	0.23%	0.01%	0.01%
MRO	B	0.07%	0.24%	0.07%
MS	A	0.26%	0.39%	0.26%
MSFT	F	0.32%	6.55%	0.32%
MU	D	0.15%	0.31%	0.15%
NDAQ	A	0.04%	0.24%	0.04%
NDSN	B	0.03%	0.14%	0.03%
NEM	D	0.24%	0.23%	0.23%
NFLX	A	0.22%	0.8%	0.22%
NOW	A	0.22%	0.61%	0.22%
NVDA	C	0.13%	7.12%	0.13%
ON	D	0.22%	0.14%	0.14%
ORCL	B	0.34%	0.73%	0.34%
OTIS	C	0.08%	0.33%	0.08%
PANW	C	0.16%	0.3%	0.16%
PEP	F	0.17%	0.72%	0.17%
PFG	D	0.2%	0.2%	0.2%
PG	A	0.41%	1.09%	0.41%
PHM	D	0.25%	0.3%	0.25%
PLTR	B	0.22%	0.36%	0.22%
PPG	F	0.07%	0.18%	0.07%
PPL	B	0.08%	0.34%	0.08%
PRU	A	0.2%	0.37%	0.2%
PYPL	B	0.06%	0.28%	0.06%
QCOM	F	0.22%	0.33%	0.22%
REGN	F	0.23%	0.21%	0.21%
RMD	C	0.09%	0.24%	0.09%
ROST	C	0.71%	0.32%	0.32%
RSG	A	0.18%	0.34%	0.18%
SCHW	B	0.25%	0.35%	0.25%
STLD	B	0.27%	0.11%	0.11%
SYF	B	0.68%	0.27%	0.27%
T	A	0.33%	0.68%	0.33%
TMO	F	0.14%	0.59%	0.14%
TMUS	B	0.33%	0.51%	0.33%
TRGP	B	0.24%	0.46%	0.24%
TRV	B	0.14%	0.39%	0.14%
TSLA	B	0.27%	1.91%	0.27%
TXN	C	0.22%	0.59%	0.22%
UBER	D	0.11%	0.29%	0.11%
ULTA	F	0.17%	0.23%	0.17%
UNH	C	0.25%	1.37%	0.25%
UNP	C	0.08%	0.52%	0.08%
URI	B	0.14%	0.24%	0.14%
V	A	0.04%	1.28%	0.04%
VRTX	F	0.23%	0.36%	0.23%
WBD	C	0.19%	0.18%	0.18%
WFC	A	0.13%	0.67%	0.13%
WM	A	0.18%	0.44%	0.18%
WMT	A	0.72%	0.96%	0.72%
WRB	A	0.13%	0.21%	0.13%
XOM	B	0.75%	1.4%	0.75%
YUM	B	0.5%	0.33%	0.33%
ZBH	C	0.12%	0.14%	0.12%

SHUS Overweight 353 Positions Relative to PHEQ

Symbol	Grade	Weight
KR	B	0.73%
SYY	B	0.73%
TJX	A	0.71%
COF	B	0.69%
CVS	D	0.68%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
PSX	C	0.5%
EL	F	0.49%
VLO	C	0.49%
MSI	B	0.49%
MCD	D	0.49%
CMG	B	0.49%
SBUX	A	0.48%
EA	A	0.48%
MPC	D	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
CLX	B	0.41%
KVUE	A	0.41%
BWA	D	0.41%
CHD	B	0.41%
VST	B	0.4%
PWR	A	0.4%
CL	D	0.4%
J	F	0.39%
CEG	D	0.38%
JBL	B	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	F	0.36%
PM	B	0.35%
BKR	B	0.35%
MO	A	0.35%
TSN	B	0.35%
SLB	C	0.34%
SNPS	B	0.34%
HPQ	B	0.34%
NKE	D	0.33%
IPG	D	0.33%
OMC	C	0.33%
HCA	F	0.33%
CDNS	B	0.33%
AWK	D	0.32%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
TPR	B	0.32%
GRMN	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
FCX	D	0.29%
EXC	C	0.29%
DECK	A	0.29%
UAL	A	0.28%
VRSN	F	0.27%
HUM	C	0.26%
ETN	A	0.26%
EQIX	A	0.26%
SWK	D	0.26%
DLR	B	0.26%
GDDY	A	0.26%
ZTS	D	0.25%
STZ	D	0.25%
LUV	C	0.25%
KMI	A	0.25%
MNST	C	0.25%
TAP	C	0.25%
SNA	A	0.25%
INCY	C	0.25%
RJF	A	0.25%
NUE	C	0.25%
HAS	D	0.25%
PEG	A	0.25%
GS	A	0.25%
CNC	D	0.25%
AEP	D	0.24%
D	C	0.24%
OKE	A	0.24%
VTRS	A	0.24%
ED	D	0.24%
KDP	D	0.24%
PFE	D	0.24%
BIIB	F	0.24%
NEE	D	0.24%
WMB	A	0.24%
GM	B	0.24%
LEN	D	0.24%
ELV	F	0.24%
F	C	0.24%
GILD	C	0.24%
CTLT	B	0.24%
EIX	B	0.24%
NXPI	D	0.23%
DHI	D	0.23%
LW	C	0.22%
EBAY	D	0.22%
DAY	B	0.22%
ADI	D	0.22%
CPRT	A	0.22%
KHC	F	0.21%
ANET	C	0.21%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
GIS	D	0.21%
ADP	B	0.21%
PAYX	C	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	B	0.2%
IEX	B	0.2%
AFL	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
INTU	C	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
KEYS	A	0.2%
CAH	B	0.19%
TEL	B	0.19%
XYL	D	0.19%
MAS	D	0.19%
HPE	B	0.19%
PGR	A	0.19%
BBWI	D	0.19%
PNR	A	0.19%
ALL	A	0.19%
GL	B	0.19%
AIG	B	0.19%
JNPR	F	0.19%
EQT	B	0.18%
GEV	B	0.18%
MDLZ	F	0.18%
ROL	B	0.18%
MCK	B	0.18%
CI	F	0.18%
MHK	D	0.18%
APH	A	0.18%
TGT	F	0.17%
ANSS	B	0.17%
DG	F	0.17%
GE	D	0.17%
FTNT	C	0.17%
MLM	B	0.17%
NTAP	C	0.17%
GEN	B	0.17%
ITW	B	0.17%
WY	D	0.17%
BBY	D	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
HSY	F	0.17%
AMAT	F	0.17%
INTC	D	0.16%
GD	F	0.16%
DGX	A	0.16%
TXT	D	0.16%
HON	B	0.16%
ADSK	A	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
A	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MTD	D	0.14%
CRL	C	0.14%
CINF	A	0.14%
CB	C	0.14%
ACGL	D	0.14%
EG	C	0.14%
ORLY	B	0.14%
KMX	B	0.14%
LKQ	D	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	C	0.13%
GWW	B	0.13%
CTSH	B	0.13%
C	A	0.13%
WAB	B	0.13%
ACN	C	0.13%
ZBRA	B	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
IQV	D	0.13%
HLT	A	0.12%
SYK	C	0.12%
MAR	B	0.12%
EXPE	B	0.12%
STE	F	0.12%
CDW	F	0.12%
BALL	D	0.12%
FAST	B	0.12%
TSCO	D	0.12%
PCAR	B	0.12%
VTR	C	0.11%
DVA	B	0.11%
WELL	A	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	C	0.11%
BK	A	0.11%
STT	A	0.11%
HOLX	D	0.1%
PODD	C	0.1%
NWSA	B	0.1%
DHR	F	0.1%
NWS	B	0.1%
RVTY	F	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
GEHC	F	0.1%
FOXA	B	0.1%
PSA	D	0.1%
CPT	B	0.1%
AXON	A	0.09%
CCL	B	0.09%
AMP	A	0.09%
CHRW	C	0.09%
NCLH	B	0.09%
CF	B	0.09%
BLK	C	0.09%
IVZ	B	0.09%
LYV	A	0.09%
DXCM	D	0.09%
IDXX	F	0.09%
SO	D	0.08%
EVRG	A	0.08%
CARR	D	0.08%
TT	A	0.08%
JCI	C	0.08%
PH	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
NSC	B	0.08%
CMI	A	0.08%
HII	D	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	C	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
MOS	F	0.08%
CSX	B	0.08%
CTVA	C	0.08%
LHX	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
TROW	B	0.08%
RCL	A	0.08%
UPS	C	0.08%
SW	A	0.07%
OXY	D	0.07%
CZR	F	0.07%
COP	C	0.07%
EOG	A	0.07%
APA	D	0.07%
DOW	F	0.07%
HES	B	0.07%
PNW	B	0.07%
ALLE	D	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	D	0.07%
FDX	B	0.07%
PCG	A	0.07%
SRE	A	0.07%
XEL	A	0.07%
FI	A	0.06%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
EW	C	0.06%
AMT	D	0.06%
BSX	B	0.06%
IP	B	0.06%
KIM	A	0.06%
REG	B	0.06%
AVY	D	0.06%
FRT	B	0.06%
PLD	D	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
PKG	A	0.06%
O	D	0.06%
SPG	B	0.06%
IRM	D	0.06%
TDG	D	0.06%
SHW	A	0.06%
APD	A	0.05%
SOLV	C	0.05%
ECL	D	0.05%
BAX	D	0.05%
WST	C	0.05%
BDX	F	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
DD	D	0.05%
FIS	C	0.05%
JKHY	D	0.05%
TFC	A	0.05%
USB	A	0.05%
FITB	A	0.05%
EFX	F	0.04%
WTW	B	0.04%
MCO	B	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
SPGI	C	0.04%
CBOE	B	0.04%
VRSK	A	0.04%
ICE	C	0.04%
FDS	B	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
MSCI	C	0.04%
ROK	B	0.03%
FICO	B	0.03%
VLTO	D	0.03%
EMR	A	0.03%
FTV	C	0.03%
TRMB	B	0.03%
TDY	B	0.03%
ROP	B	0.03%
AJG	B	0.03%
MMC	B	0.03%

SHUS Underweight 56 Positions Relative to PHEQ

Symbol	Grade	Weight
APO	B	-0.3%
LRCX	F	-0.29%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
MKL	A	-0.23%
LNG	B	-0.22%
HEI	B	-0.22%
SSNC	B	-0.21%
MSTR	C	-0.2%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
CSL	C	-0.18%
HEI	B	-0.14%
HUBS	A	-0.14%
WDAY	B	-0.13%
DASH	A	-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%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
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%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-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%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%