VCEB vs. PHDG ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.67

Average Daily Volume

37,180

Number of Holdings ^*

245

* 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

$38.15

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	PHDG
30 Days	-0.53%	-1.45%
60 Days	-2.92%	1.30%
90 Days	-1.82%	1.18%
12 Months	7.35%	18.05%

211 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in PHDG	Overlap
A	D	0.02%	0.04%	0.02%
AAPL	C	0.01%	3.74%	0.01%
ABBV	F	0.03%	0.32%	0.03%
ABT	B	0.03%	0.22%	0.03%
ACGL	C	0.03%	0.04%	0.03%
ADBE	C	0.01%	0.25%	0.01%
ADI	D	0.01%	0.11%	0.01%
ADM	D	0.02%	0.03%	0.02%
ADP	A	0.03%	0.13%	0.03%
AFL	B	0.05%	0.06%	0.05%
AIG	B	0.01%	0.05%	0.01%
AJG	A	0.02%	0.07%	0.02%
AMAT	F	0.01%	0.17%	0.01%
AMGN	F	0.01%	0.17%	0.01%
AMP	A	0.03%	0.06%	0.03%
AMT	C	0.01%	0.1%	0.01%
AMZN	C	0.01%	2.13%	0.01%
AON	A	0.01%	0.09%	0.01%
APD	A	0.02%	0.08%	0.02%
APH	A	0.02%	0.09%	0.02%
ARE	F	0.01%	0.02%	0.01%
AVGO	D	0.02%	0.86%	0.02%
AWK	C	0.02%	0.03%	0.02%
AXP	A	0.01%	0.17%	0.01%
AZO	C	0.04%	0.06%	0.04%
BAC	A	0.02%	0.33%	0.02%
BAX	F	0.02%	0.02%	0.02%
BDX	F	0.03%	0.07%	0.03%
BEN	C	0.02%	0.01%	0.01%
BG	D	0.03%	0.01%	0.01%
BIIB	F	0.01%	0.03%	0.01%
BK	A	0.01%	0.06%	0.01%
BKNG	A	0.02%	0.18%	0.02%
BLK	B	0.02%	0.16%	0.02%
BMY	B	0.03%	0.13%	0.03%
BR	A	0.02%	0.03%	0.02%
BSX	A	0.01%	0.14%	0.01%
BWA	D	0.03%	0.01%	0.01%
BXP	C	0.01%	0.01%	0.01%
C	A	0.01%	0.14%	0.01%
CAG	F	0.01%	0.01%	0.01%
CAH	B	0.02%	0.03%	0.02%
CARR	C	0.02%	0.07%	0.02%
CAT	B	0.01%	0.2%	0.01%
CB	C	0.01%	0.12%	0.01%
CCI	C	0.01%	0.05%	0.01%
CF	A	0.02%	0.02%	0.02%
CFG	B	0.03%	0.02%	0.02%
CHTR	C	0.02%	0.04%	0.02%
CI	D	0.01%	0.1%	0.01%
CMCSA	B	0.01%	0.18%	0.01%
CME	B	0.02%	0.09%	0.02%
CMI	A	0.02%	0.05%	0.02%
COF	C	0.01%	0.08%	0.01%
CPB	D	0.02%	0.01%	0.01%
CPT	B	0.04%	0.01%	0.01%
CRM	B	0.02%	0.35%	0.02%
CSCO	B	0.02%	0.25%	0.02%
CTAS	B	0.04%	0.08%	0.04%
CVS	D	0.01%	0.07%	0.01%
DD	C	0.06%	0.04%	0.04%
DE	B	0.02%	0.11%	0.02%
DELL	B	0.01%	0.04%	0.01%
DFS	B	0.01%	0.05%	0.01%
DG	F	0.03%	0.02%	0.02%
DGX	A	0.03%	0.02%	0.02%
DHR	F	0.01%	0.17%	0.01%
DIS	B	0.01%	0.21%	0.01%
DLR	B	0.01%	0.06%	0.01%
DLTR	F	0.02%	0.01%	0.01%
DOC	C	0.03%	0.02%	0.02%
DOW	F	0.01%	0.03%	0.01%
EA	A	0.01%	0.04%	0.01%
EBAY	D	0.01%	0.03%	0.01%
EFX	F	0.02%	0.03%	0.02%
EG	C	0.03%	0.02%	0.02%
EMN	C	0.02%	0.01%	0.01%
EQIX	A	0.03%	0.09%	0.03%
EQR	C	0.03%	0.03%	0.03%
ETN	A	0.03%	0.16%	0.03%
EXPE	B	0.04%	0.02%	0.02%
FDX	B	0.01%	0.07%	0.01%
FIS	C	0.01%	0.05%	0.01%
FITB	B	0.02%	0.03%	0.02%
FOXA	A	0.01%	0.01%	0.01%
FTV	C	0.03%	0.03%	0.03%
GILD	C	0.01%	0.12%	0.01%
GIS	D	0.03%	0.04%	0.03%
GLW	B	0.02%	0.04%	0.02%
GM	C	0.01%	0.07%	0.01%
GOOGL	C	0.02%	1.11%	0.02%
GPN	B	0.01%	0.03%	0.01%
GS	A	0.01%	0.2%	0.01%
GWW	B	0.04%	0.06%	0.04%
HAS	D	0.03%	0.01%	0.01%
HBAN	A	0.02%	0.03%	0.02%
HCA	F	0.02%	0.07%	0.02%
HD	B	0.01%	0.43%	0.01%
HIG	B	0.02%	0.04%	0.02%
HPE	B	0.01%	0.03%	0.01%
HPQ	B	0.01%	0.04%	0.01%
HRL	D	0.02%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HUM	C	0.01%	0.04%	0.01%
IBM	C	0.02%	0.21%	0.02%
ICE	C	0.01%	0.1%	0.01%
IFF	D	0.03%	0.02%	0.02%
INTC	C	0.01%	0.12%	0.01%
ITW	B	0.03%	0.08%	0.03%
JNJ	C	0.01%	0.39%	0.01%
JPM	A	0.01%	0.74%	0.01%
K	A	0.03%	0.02%	0.02%
KDP	F	0.01%	0.04%	0.01%
KEY	B	0.01%	0.02%	0.01%
KLAC	F	0.01%	0.09%	0.01%
KMB	C	0.04%	0.05%	0.04%
KO	D	0.01%	0.26%	0.01%
LEN	D	0.04%	0.04%	0.04%
LH	B	0.03%	0.02%	0.02%
LLY	F	0.03%	0.67%	0.03%
LOW	C	0.01%	0.17%	0.01%
LRCX	F	0.01%	0.11%	0.01%
LUV	C	0.01%	0.02%	0.01%
MA	B	0.03%	0.46%	0.03%
MAR	A	0.01%	0.07%	0.01%
MCD	D	0.01%	0.23%	0.01%
MCHP	F	0.04%	0.04%	0.04%
MCK	A	0.02%	0.09%	0.02%
MDLZ	F	0.01%	0.09%	0.01%
MDT	D	0.05%	0.12%	0.05%
MET	A	0.01%	0.05%	0.01%
MKC	C	0.02%	0.02%	0.02%
MLM	C	0.02%	0.04%	0.02%
MMC	B	0.04%	0.12%	0.04%
MMM	D	0.01%	0.08%	0.01%
MOS	F	0.06%	0.01%	0.01%
MRK	D	0.01%	0.27%	0.01%
MS	A	0.01%	0.18%	0.01%
MSFT	D	0.01%	3.42%	0.01%
MSI	B	0.01%	0.09%	0.01%
MTB	A	0.07%	0.04%	0.04%
MU	D	0.03%	0.12%	0.03%
NEM	D	0.02%	0.05%	0.02%
NKE	F	0.01%	0.1%	0.01%
NOW	A	0.04%	0.23%	0.04%
NTAP	C	0.02%	0.03%	0.02%
NTRS	A	0.03%	0.02%	0.02%
NVDA	B	0.01%	3.89%	0.01%
NVR	D	0.03%	0.03%	0.03%
NXPI	D	0.01%	0.06%	0.01%
O	C	0.02%	0.05%	0.02%
OMC	C	0.02%	0.02%	0.02%
ORCL	A	0.02%	0.32%	0.02%
ORLY	B	0.03%	0.08%	0.03%
OTIS	C	0.04%	0.04%	0.04%
PEP	F	0.01%	0.24%	0.01%
PFE	F	0.01%	0.16%	0.01%
PG	C	0.01%	0.42%	0.01%
PGR	A	0.05%	0.16%	0.05%
PH	A	0.01%	0.1%	0.01%
PLD	F	0.01%	0.11%	0.01%
PNC	B	0.01%	0.09%	0.01%
PPG	F	0.03%	0.03%	0.03%
PRU	A	0.01%	0.05%	0.01%
PWR	A	0.03%	0.05%	0.03%
PYPL	B	0.01%	0.09%	0.01%
QCOM	F	0.01%	0.2%	0.01%
QRVO	F	0.02%	0.01%	0.01%
REGN	F	0.02%	0.09%	0.02%
RF	A	0.03%	0.03%	0.03%
RJF	A	0.02%	0.03%	0.02%
RL	C	0.02%	0.01%	0.01%
ROP	B	0.03%	0.07%	0.03%
RSG	A	0.01%	0.05%	0.01%
SBUX	A	0.02%	0.12%	0.02%
SCHW	B	0.01%	0.13%	0.01%
SHW	B	0.02%	0.1%	0.02%
SJM	D	0.03%	0.01%	0.01%
SPG	A	0.01%	0.06%	0.01%
STT	B	0.01%	0.03%	0.01%
SWK	D	0.02%	0.01%	0.01%
SYF	B	0.03%	0.03%	0.03%
SYK	B	0.01%	0.14%	0.01%
SYY	D	0.01%	0.04%	0.01%
T	A	0.01%	0.17%	0.01%
TFC	A	0.01%	0.07%	0.01%
TGT	F	0.01%	0.08%	0.01%
TJX	A	0.07%	0.15%	0.07%
TMO	F	0.01%	0.22%	0.01%
TMUS	B	0.01%	0.13%	0.01%
TRV	B	0.02%	0.06%	0.02%
TSN	B	0.01%	0.02%	0.01%
TT	A	0.02%	0.1%	0.02%
TXN	C	0.01%	0.2%	0.01%
UHS	D	0.02%	0.01%	0.01%
UNH	B	0.01%	0.59%	0.01%
UPS	C	0.01%	0.1%	0.01%
USB	A	0.01%	0.08%	0.01%
V	A	0.02%	0.56%	0.02%
VMC	B	0.02%	0.04%	0.02%
VRSK	A	0.04%	0.04%	0.04%
VRSN	C	0.03%	0.02%	0.02%
VTR	B	0.02%	0.03%	0.02%
VTRS	A	0.01%	0.02%	0.01%
VZ	C	0.02%	0.19%	0.02%
WAB	B	0.03%	0.04%	0.03%
WBA	F	0.02%	0.01%	0.01%
WELL	A	0.01%	0.08%	0.01%
WM	B	0.01%	0.09%	0.01%
ZBH	C	0.03%	0.02%	0.02%
ZTS	D	0.01%	0.09%	0.01%

VCEB Overweight 34 Positions Relative to PHDG

Symbol	Grade	Weight
DT	D	0.19%
WEST	C	0.06%
EQH	C	0.05%
STLA	F	0.04%
CMA	B	0.03%
BHF	C	0.03%
ALLY	C	0.03%
VOD	F	0.03%
HUN	F	0.02%
LEA	F	0.02%
XRAY	F	0.02%
CSL	C	0.02%
VFC	C	0.02%
BABA	D	0.02%
DB	D	0.02%
HSBC	A	0.02%
GSK	F	0.02%
AZN	F	0.02%
EXP	B	0.01%
GLPI	C	0.01%
WB	D	0.01%
MRVL	B	0.01%
BRX	A	0.01%
RPRX	D	0.01%
BMO	A	0.01%
BERY	C	0.01%
CM	A	0.01%
AER	A	0.01%
BNS	A	0.01%
AL	B	0.01%
TD	D	0.01%
NWG	A	0.01%
MUFG	B	0.01%
RY	A	0.01%

VCEB Underweight 288 Positions Relative to PHDG

Symbol	Grade	Weight
META	D	-1.36%
TSLA	B	-0.93%
GOOG	C	-0.92%
BRK.A	B	-0.92%
XOM	B	-0.58%
COST	A	-0.44%
WMT	A	-0.4%
NFLX	A	-0.39%
CVX	A	-0.3%
WFC	A	-0.27%
AMD	F	-0.24%
ACN	B	-0.24%
LIN	C	-0.23%
ISRG	A	-0.21%
GE	D	-0.21%
INTU	B	-0.21%
PM	B	-0.21%
SPGI	C	-0.18%
NEE	C	-0.17%
RTX	D	-0.17%
UBER	F	-0.16%
HON	C	-0.16%
UNP	C	-0.15%
PANW	B	-0.14%
BX	A	-0.14%
COP	C	-0.14%
PLTR	B	-0.13%
FI	A	-0.13%
VRTX	D	-0.13%
LMT	D	-0.12%
ANET	C	-0.11%
BA	F	-0.11%
KKR	A	-0.11%
GEV	B	-0.1%
ELV	F	-0.1%
MO	A	-0.1%
SO	C	-0.1%
CRWD	B	-0.09%
CMG	B	-0.09%
CDNS	B	-0.09%
SNPS	B	-0.09%
DUK	C	-0.09%
CEG	C	-0.08%
TDG	D	-0.08%
EMR	B	-0.08%
CL	D	-0.08%
GD	D	-0.08%
MCO	B	-0.08%
EOG	A	-0.08%
PCAR	B	-0.07%
HLT	A	-0.07%
SLB	C	-0.07%
FCX	F	-0.07%
ECL	D	-0.07%
OKE	A	-0.07%
ADSK	A	-0.07%
WMB	A	-0.07%
NOC	D	-0.07%
CSX	C	-0.07%
ALL	A	-0.06%
KMI	A	-0.06%
PSA	C	-0.06%
MPC	D	-0.06%
PSX	C	-0.06%
RCL	A	-0.06%
URI	C	-0.06%
FICO	B	-0.06%
JCI	B	-0.06%
SRE	A	-0.06%
ABNB	C	-0.06%
NSC	B	-0.06%
FTNT	C	-0.06%
TRGP	A	-0.05%
ODFL	C	-0.05%
COR	B	-0.05%
BKR	A	-0.05%
F	C	-0.05%
PEG	A	-0.05%
AXON	A	-0.05%
VLO	C	-0.05%
PCG	A	-0.05%
AME	A	-0.05%
KVUE	A	-0.05%
HWM	A	-0.05%
PAYX	B	-0.05%
FAST	B	-0.05%
LHX	C	-0.05%
D	C	-0.05%
ROST	D	-0.05%
VST	A	-0.05%
MSCI	C	-0.05%
DHI	F	-0.05%
AEP	C	-0.05%
CPRT	B	-0.05%
ROK	C	-0.04%
VICI	C	-0.04%
ED	C	-0.04%
IRM	C	-0.04%
RMD	C	-0.04%
OXY	D	-0.04%
FANG	C	-0.04%
EXR	C	-0.04%
NUE	C	-0.04%
IDXX	F	-0.04%
IQV	F	-0.04%
GEHC	D	-0.04%
STZ	D	-0.04%
LULU	C	-0.04%
EXC	C	-0.04%
XEL	A	-0.04%
YUM	D	-0.04%
KR	B	-0.04%
MNST	C	-0.04%
CTVA	C	-0.04%
CBRE	B	-0.04%
EW	C	-0.04%
CTSH	B	-0.04%
HES	B	-0.04%
IT	C	-0.04%
IR	B	-0.04%
DAL	B	-0.04%
CINF	A	-0.03%
SBAC	D	-0.03%
HUBB	B	-0.03%
AEE	A	-0.03%
CDW	F	-0.03%
PPL	A	-0.03%
CCL	A	-0.03%
WST	C	-0.03%
DVN	F	-0.03%
DTE	C	-0.03%
SW	A	-0.03%
VLTO	C	-0.03%
EQT	B	-0.03%
CPAY	A	-0.03%
BRO	B	-0.03%
GDDY	A	-0.03%
TYL	B	-0.03%
MTD	F	-0.03%
CHD	A	-0.03%
HSY	F	-0.03%
HAL	C	-0.03%
TROW	B	-0.03%
PHM	D	-0.03%
KEYS	A	-0.03%
DECK	A	-0.03%
DOV	A	-0.03%
KHC	F	-0.03%
MPWR	F	-0.03%
ON	D	-0.03%
TTWO	A	-0.03%
XYL	D	-0.03%
ANSS	B	-0.03%
TSCO	D	-0.03%
DXCM	C	-0.03%
UAL	A	-0.03%
WEC	A	-0.03%
CSGP	D	-0.03%
CNC	D	-0.03%
ETR	B	-0.03%
EIX	B	-0.03%
WTW	B	-0.03%
NDAQ	A	-0.03%
AVB	B	-0.03%
GRMN	B	-0.03%
EPAM	B	-0.02%
NDSN	B	-0.02%
ROL	B	-0.02%
FFIV	B	-0.02%
RVTY	F	-0.02%
APTV	F	-0.02%
EVRG	A	-0.02%
JBL	C	-0.02%
AMCR	C	-0.02%
JBHT	C	-0.02%
L	A	-0.02%
EL	F	-0.02%
LNT	A	-0.02%
DPZ	C	-0.02%
ALGN	D	-0.02%
TXT	D	-0.02%
MRO	B	-0.02%
AVY	F	-0.02%
NI	A	-0.02%
GEN	B	-0.02%
KIM	A	-0.02%
EXPD	C	-0.02%
LVS	B	-0.02%
GPC	D	-0.02%
MAS	D	-0.02%
TRMB	B	-0.02%
TER	F	-0.02%
IEX	C	-0.02%
PNR	A	-0.02%
J	D	-0.02%
WRB	A	-0.02%
BBY	D	-0.02%
MOH	F	-0.02%
HOLX	D	-0.02%
ULTA	F	-0.02%
PODD	C	-0.02%
PFG	D	-0.02%
MAA	B	-0.02%
CTRA	B	-0.02%
BALL	F	-0.02%
SNA	A	-0.02%
NRG	B	-0.02%
FDS	B	-0.02%
INVH	D	-0.02%
ESS	B	-0.02%
CNP	A	-0.02%
IP	A	-0.02%
STLD	B	-0.02%
DRI	B	-0.02%
CMS	C	-0.02%
LYV	A	-0.02%
ZBRA	B	-0.02%
STX	C	-0.02%
CLX	A	-0.02%
WDC	D	-0.02%
CBOE	C	-0.02%
FSLR	F	-0.02%
FE	C	-0.02%
PKG	A	-0.02%
BLDR	D	-0.02%
LYB	F	-0.02%
STE	D	-0.02%
ES	C	-0.02%
WBD	B	-0.02%
TDY	B	-0.02%
WAT	C	-0.02%
ATO	A	-0.02%
WY	F	-0.02%
LDOS	C	-0.02%
PTC	B	-0.02%
FOX	A	-0.01%
PARA	C	-0.01%
FMC	D	-0.01%
DVA	C	-0.01%
MHK	D	-0.01%
HII	F	-0.01%
IVZ	B	-0.01%
CE	F	-0.01%
MTCH	D	-0.01%
APA	D	-0.01%
HSIC	C	-0.01%
CZR	F	-0.01%
FRT	B	-0.01%
ENPH	F	-0.01%
MGM	D	-0.01%
WYNN	C	-0.01%
AOS	F	-0.01%
TFX	F	-0.01%
SMCI	F	-0.01%
SOLV	D	-0.01%
GL	C	-0.01%
AES	F	-0.01%
MKTX	D	-0.01%
CRL	D	-0.01%
ERIE	D	-0.01%
LKQ	F	-0.01%
PNW	A	-0.01%
CTLT	C	-0.01%
IPG	D	-0.01%
PAYC	B	-0.01%
TAP	C	-0.01%
NWSA	A	-0.01%
AIZ	A	-0.01%
GNRC	C	-0.01%
TECH	F	-0.01%
LW	C	-0.01%
NCLH	B	-0.01%
ALB	B	-0.01%
REG	A	-0.01%
DAY	B	-0.01%
KMX	B	-0.01%
ALLE	C	-0.01%
INCY	C	-0.01%
JKHY	D	-0.01%
JNPR	D	-0.01%
CHRW	B	-0.01%
TPR	B	-0.01%
UDR	B	-0.01%
AKAM	D	-0.01%
SWKS	F	-0.01%
MRNA	F	-0.01%
POOL	C	-0.01%
NWS	A	-0.0%