AFLG vs. PHDG ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* 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

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	AFLG	PHDG
30 Days	4.50%	0.66%
60 Days	5.60%	1.51%
90 Days	7.89%	1.58%
12 Months	37.65%	18.52%

210 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in PHDG	Overlap
AAPL	C	7.06%	3.74%	3.74%
ABBV	D	0.82%	0.32%	0.32%
ACGL	D	0.17%	0.04%	0.04%
ACN	C	0.22%	0.24%	0.22%
ADBE	C	0.31%	0.25%	0.25%
ADM	D	0.06%	0.03%	0.03%
AFL	B	0.75%	0.06%	0.06%
AIG	B	0.28%	0.05%	0.05%
AIZ	A	0.16%	0.01%	0.01%
ALL	A	0.08%	0.06%	0.06%
ALLE	D	0.01%	0.01%	0.01%
AMAT	F	0.34%	0.17%	0.17%
AMCR	D	0.04%	0.02%	0.02%
AMP	A	0.16%	0.06%	0.06%
AMZN	C	1.78%	2.13%	1.78%
ANET	C	0.13%	0.11%	0.11%
AOS	F	0.38%	0.01%	0.01%
APH	A	0.58%	0.09%	0.09%
AVB	B	0.05%	0.03%	0.03%
AVGO	D	1.27%	0.86%	0.86%
AXP	A	0.41%	0.17%	0.17%
AZO	C	0.17%	0.06%	0.06%
BBY	D	0.47%	0.02%	0.02%
BEN	C	0.17%	0.01%	0.01%
BG	F	0.07%	0.01%	0.01%
BK	A	0.73%	0.06%	0.06%
BKNG	A	0.28%	0.18%	0.18%
BLDR	D	0.33%	0.02%	0.02%
BLK	C	0.09%	0.16%	0.09%
BMY	B	0.58%	0.13%	0.13%
BRK.A	B	1.57%	0.92%	0.92%
BRO	B	0.3%	0.03%	0.03%
BSX	B	0.68%	0.14%	0.14%
BWA	D	0.03%	0.01%	0.01%
CAH	B	0.11%	0.03%	0.03%
CAT	B	0.56%	0.2%	0.2%
CBOE	B	0.38%	0.02%	0.02%
CDNS	B	0.05%	0.09%	0.05%
CDW	F	0.03%	0.03%	0.03%
CEG	D	0.62%	0.08%	0.08%
CF	B	0.42%	0.02%	0.02%
CFG	B	0.27%	0.02%	0.02%
CI	F	0.15%	0.1%	0.1%
CL	D	0.58%	0.08%	0.08%
CMCSA	B	0.55%	0.18%	0.18%
CME	A	0.23%	0.09%	0.09%
CMG	B	0.32%	0.09%	0.09%
CMI	A	0.51%	0.05%	0.05%
CNC	D	0.19%	0.03%	0.03%
COR	B	0.57%	0.05%	0.05%
COST	B	0.9%	0.44%	0.44%
CPT	B	0.15%	0.01%	0.01%
CRM	B	0.59%	0.35%	0.35%
CSCO	B	0.44%	0.25%	0.25%
CTAS	B	0.7%	0.08%	0.08%
CTSH	B	0.45%	0.04%	0.04%
CVS	D	0.18%	0.07%	0.07%
CVX	A	0.45%	0.3%	0.3%
DECK	A	0.28%	0.03%	0.03%
DELL	C	0.14%	0.04%	0.04%
DHI	D	0.32%	0.05%	0.05%
DPZ	C	0.05%	0.02%	0.02%
DVN	F	0.29%	0.03%	0.03%
EA	A	0.32%	0.04%	0.04%
EBAY	D	0.1%	0.03%	0.03%
ECL	D	0.52%	0.07%	0.07%
ED	D	0.25%	0.04%	0.04%
EG	C	0.15%	0.02%	0.02%
EIX	B	0.23%	0.03%	0.03%
ELV	F	0.67%	0.1%	0.1%
EPAM	C	0.05%	0.02%	0.02%
EQR	B	0.1%	0.03%	0.03%
ERIE	D	0.24%	0.01%	0.01%
ESS	B	0.05%	0.02%	0.02%
ETN	A	0.55%	0.16%	0.16%
EVRG	A	0.29%	0.02%	0.02%
EXPE	B	0.21%	0.02%	0.02%
FDX	B	0.24%	0.07%	0.07%
FE	C	0.52%	0.02%	0.02%
FFIV	B	0.6%	0.02%	0.02%
FI	A	0.12%	0.13%	0.12%
FICO	B	0.8%	0.06%	0.06%
FIS	C	0.36%	0.05%	0.05%
FOXA	B	0.55%	0.01%	0.01%
GDDY	A	0.55%	0.03%	0.03%
GE	D	0.15%	0.21%	0.15%
GEN	B	0.1%	0.02%	0.02%
GILD	C	0.57%	0.12%	0.12%
GL	B	0.16%	0.01%	0.01%
GOOGL	C	2.04%	1.11%	1.11%
GRMN	B	0.41%	0.03%	0.03%
GWW	B	0.2%	0.06%	0.06%
HIG	B	1.11%	0.04%	0.04%
HLT	A	0.36%	0.07%	0.07%
HOLX	D	0.04%	0.02%	0.02%
HPQ	B	0.49%	0.04%	0.04%
HSIC	B	0.39%	0.01%	0.01%
HST	C	0.37%	0.01%	0.01%
HUM	C	0.17%	0.04%	0.04%
HWM	A	0.46%	0.05%	0.05%
IBM	C	0.44%	0.21%	0.21%
ICE	C	0.4%	0.1%	0.1%
INCY	C	0.22%	0.01%	0.01%
IP	B	0.34%	0.02%	0.02%
IPG	D	0.07%	0.01%	0.01%
IT	C	0.12%	0.04%	0.04%
IVZ	B	0.04%	0.01%	0.01%
J	F	0.08%	0.02%	0.02%
JBL	B	0.18%	0.02%	0.02%
JNJ	D	0.7%	0.39%	0.39%
KEYS	A	0.22%	0.03%	0.03%
KHC	F	0.1%	0.03%	0.03%
KLAC	D	0.1%	0.09%	0.09%
KMB	D	0.05%	0.05%	0.05%
KO	D	0.33%	0.26%	0.26%
KR	B	0.47%	0.04%	0.04%
L	A	0.18%	0.02%	0.02%
LDOS	C	0.13%	0.02%	0.02%
LEN	D	0.32%	0.04%	0.04%
LH	C	0.09%	0.02%	0.02%
LKQ	D	0.16%	0.01%	0.01%
LLY	F	0.42%	0.67%	0.42%
LMT	D	0.34%	0.12%	0.12%
LOW	D	0.31%	0.17%	0.17%
LYB	F	0.07%	0.02%	0.02%
MA	C	0.21%	0.46%	0.21%
MAA	B	0.47%	0.02%	0.02%
MAS	D	0.5%	0.02%	0.02%
MCK	B	0.53%	0.09%	0.09%
MCO	B	0.05%	0.08%	0.05%
MET	A	0.04%	0.05%	0.04%
META	D	1.8%	1.36%	1.36%
MMM	D	0.55%	0.08%	0.08%
MO	A	0.99%	0.1%	0.1%
MOH	F	0.08%	0.02%	0.02%
MOS	F	0.03%	0.01%	0.01%
MPC	D	0.13%	0.06%	0.06%
MRK	F	0.62%	0.27%	0.27%
MSFT	F	4.6%	3.42%	3.42%
MSI	B	0.39%	0.09%	0.09%
MTCH	D	0.25%	0.01%	0.01%
NFLX	A	0.91%	0.39%	0.39%
NRG	B	0.81%	0.02%	0.02%
NTAP	C	0.63%	0.03%	0.03%
NUE	C	0.37%	0.04%	0.04%
NVDA	C	5.45%	3.89%	3.89%
NVR	D	0.47%	0.03%	0.03%
NWSA	B	0.2%	0.01%	0.01%
NXPI	D	0.05%	0.06%	0.05%
ORLY	B	0.06%	0.08%	0.06%
PCAR	B	0.39%	0.07%	0.07%
PEG	A	0.57%	0.05%	0.05%
PFG	D	0.04%	0.02%	0.02%
PG	A	0.84%	0.42%	0.42%
PGR	A	0.73%	0.16%	0.16%
PH	A	0.23%	0.1%	0.1%
PHM	D	0.52%	0.03%	0.03%
PKG	A	0.36%	0.02%	0.02%
PM	B	0.35%	0.21%	0.21%
PPG	F	0.19%	0.03%	0.03%
PPL	B	0.05%	0.03%	0.03%
PRU	A	0.09%	0.05%	0.05%
PSA	D	0.05%	0.06%	0.05%
PSX	C	0.09%	0.06%	0.06%
QCOM	F	0.88%	0.2%	0.2%
QRVO	F	0.05%	0.01%	0.01%
RF	A	0.29%	0.03%	0.03%
RL	B	0.79%	0.01%	0.01%
RMD	C	0.1%	0.04%	0.04%
ROL	B	0.06%	0.02%	0.02%
ROST	C	0.04%	0.05%	0.04%
SHW	A	0.19%	0.1%	0.1%
SNA	A	0.63%	0.02%	0.02%
SNPS	B	0.06%	0.09%	0.06%
SO	D	0.13%	0.1%	0.1%
SOLV	C	0.25%	0.01%	0.01%
SPG	B	0.58%	0.06%	0.06%
SPGI	C	0.08%	0.18%	0.08%
STLD	B	0.47%	0.02%	0.02%
STT	A	0.05%	0.03%	0.03%
SWKS	F	0.2%	0.01%	0.01%
SYF	B	0.29%	0.03%	0.03%
SYK	C	0.15%	0.14%	0.14%
T	A	0.18%	0.17%	0.17%
TDG	D	0.0%	0.08%	0.0%
TJX	A	0.38%	0.15%	0.15%
TMUS	B	0.35%	0.13%	0.13%
TPR	B	0.47%	0.01%	0.01%
TRGP	B	0.36%	0.05%	0.05%
TROW	B	0.2%	0.03%	0.03%
TT	A	0.49%	0.1%	0.1%
TXT	D	0.07%	0.02%	0.02%
UDR	B	0.05%	0.01%	0.01%
UHS	D	0.89%	0.01%	0.01%
ULTA	F	0.14%	0.02%	0.02%
UNH	C	0.27%	0.59%	0.27%
V	A	0.3%	0.56%	0.3%
VICI	C	0.44%	0.04%	0.04%
VLO	C	0.31%	0.05%	0.05%
VRSN	F	0.21%	0.02%	0.02%
VST	B	1.26%	0.05%	0.05%
VTR	C	0.21%	0.03%	0.03%
VTRS	A	0.1%	0.02%	0.02%
VZ	C	0.49%	0.19%	0.19%
WAB	B	0.38%	0.04%	0.04%
WBA	F	0.03%	0.01%	0.01%
WELL	A	0.32%	0.08%	0.08%
WMT	A	0.61%	0.4%	0.4%
WTW	B	0.05%	0.03%	0.03%
XOM	B	0.74%	0.58%	0.58%

AFLG Overweight 38 Positions Relative to PHDG

Symbol	Grade	Weight
APP	B	1.29%
EME	C	0.68%
RS	B	0.66%
GLPI	C	0.42%
CNA	B	0.42%
WSM	B	0.41%
CSL	C	0.39%
IBKR	A	0.39%
RHI	B	0.36%
OC	A	0.36%
WU	D	0.29%
VSCO	B	0.28%
OGN	D	0.27%
MANH	D	0.25%
LII	A	0.25%
ZM	B	0.23%
ALNY	D	0.21%
WPC	D	0.21%
BAH	F	0.17%
TOL	B	0.16%
VRT	B	0.16%
BBWI	D	0.13%
SCCO	F	0.11%
RPM	A	0.11%
ETSY	D	0.09%
SSNC	B	0.09%
CRBG	B	0.09%
TPL	A	0.08%
DXC	B	0.08%
CVNA	B	0.07%
DINO	D	0.06%
DASH	A	0.06%
WSO	A	0.06%
ZION	B	0.06%
PINS	D	0.04%
DKS	C	0.04%
UTHR	C	0.04%
EQH	B	0.0%

AFLG Underweight 289 Positions Relative to PHDG

Symbol	Grade	Weight
TSLA	B	-0.93%
GOOG	C	-0.92%
JPM	A	-0.74%
HD	A	-0.43%
BAC	A	-0.33%
ORCL	B	-0.32%
WFC	A	-0.27%
AMD	F	-0.24%
PEP	F	-0.24%
MCD	D	-0.23%
NOW	A	-0.23%
LIN	D	-0.23%
ABT	B	-0.22%
TMO	F	-0.22%
ISRG	A	-0.21%
INTU	C	-0.21%
DIS	B	-0.21%
GS	A	-0.2%
TXN	C	-0.2%
MS	A	-0.18%
DHR	F	-0.17%
NEE	D	-0.17%
RTX	C	-0.17%
AMGN	D	-0.17%
PFE	D	-0.16%
UBER	D	-0.16%
HON	B	-0.16%
UNP	C	-0.15%
PANW	C	-0.14%
C	A	-0.14%
BX	A	-0.14%
COP	C	-0.14%
PLTR	B	-0.13%
SCHW	B	-0.13%
ADP	B	-0.13%
VRTX	F	-0.13%
INTC	D	-0.12%
CB	C	-0.12%
MMC	B	-0.12%
MU	D	-0.12%
MDT	D	-0.12%
SBUX	A	-0.12%
LRCX	F	-0.11%
BA	F	-0.11%
DE	A	-0.11%
KKR	A	-0.11%
ADI	D	-0.11%
PLD	D	-0.11%
GEV	B	-0.1%
AMT	D	-0.1%
NKE	D	-0.1%
UPS	C	-0.1%
ZTS	D	-0.09%
CRWD	B	-0.09%
WM	A	-0.09%
AON	A	-0.09%
PNC	B	-0.09%
REGN	F	-0.09%
DUK	C	-0.09%
EQIX	A	-0.09%
MDLZ	F	-0.09%
PYPL	B	-0.09%
COF	B	-0.08%
APD	A	-0.08%
TGT	F	-0.08%
ITW	B	-0.08%
EMR	A	-0.08%
GD	F	-0.08%
EOG	A	-0.08%
USB	A	-0.08%
ROP	B	-0.07%
SLB	C	-0.07%
TFC	A	-0.07%
FCX	D	-0.07%
CARR	D	-0.07%
OKE	A	-0.07%
HCA	F	-0.07%
AJG	B	-0.07%
GM	B	-0.07%
BDX	F	-0.07%
MAR	B	-0.07%
ADSK	A	-0.07%
WMB	A	-0.07%
NOC	D	-0.07%
CSX	B	-0.07%
KMI	A	-0.06%
DLR	B	-0.06%
RCL	A	-0.06%
URI	B	-0.06%
JCI	C	-0.06%
SRE	A	-0.06%
TRV	B	-0.06%
ABNB	C	-0.06%
NSC	B	-0.06%
FTNT	C	-0.06%
ODFL	B	-0.05%
RSG	A	-0.05%
BKR	B	-0.05%
F	C	-0.05%
AXON	A	-0.05%
DFS	B	-0.05%
CCI	D	-0.05%
PCG	A	-0.05%
AME	A	-0.05%
KVUE	A	-0.05%
NEM	D	-0.05%
PAYX	C	-0.05%
FAST	B	-0.05%
LHX	C	-0.05%
D	C	-0.05%
PWR	A	-0.05%
MSCI	C	-0.05%
O	D	-0.05%
AEP	D	-0.05%
CPRT	A	-0.05%
ROK	B	-0.04%
IRM	D	-0.04%
OXY	D	-0.04%
FANG	D	-0.04%
EXR	D	-0.04%
DD	D	-0.04%
IDXX	F	-0.04%
IQV	D	-0.04%
MCHP	D	-0.04%
MTB	A	-0.04%
GIS	D	-0.04%
MLM	B	-0.04%
GLW	B	-0.04%
SYY	B	-0.04%
VMC	B	-0.04%
KDP	D	-0.04%
GEHC	F	-0.04%
STZ	D	-0.04%
A	D	-0.04%
LULU	C	-0.04%
EXC	C	-0.04%
CHTR	C	-0.04%
XEL	A	-0.04%
YUM	B	-0.04%
MNST	C	-0.04%
CTVA	C	-0.04%
CBRE	B	-0.04%
EW	C	-0.04%
OTIS	C	-0.04%
HES	B	-0.04%
VRSK	A	-0.04%
IR	B	-0.04%
DAL	C	-0.04%
CINF	A	-0.03%
SBAC	D	-0.03%
HUBB	B	-0.03%
AEE	A	-0.03%
BIIB	F	-0.03%
CCL	B	-0.03%
WST	C	-0.03%
DTE	C	-0.03%
SW	A	-0.03%
VLTO	D	-0.03%
EQT	B	-0.03%
HBAN	A	-0.03%
AWK	D	-0.03%
CPAY	A	-0.03%
TYL	B	-0.03%
MTD	D	-0.03%
CHD	B	-0.03%
HSY	F	-0.03%
FTV	C	-0.03%
BR	A	-0.03%
HAL	C	-0.03%
DOV	A	-0.03%
HPE	B	-0.03%
MPWR	F	-0.03%
ON	D	-0.03%
GPN	B	-0.03%
TTWO	A	-0.03%
XYL	D	-0.03%
ANSS	B	-0.03%
RJF	A	-0.03%
TSCO	D	-0.03%
DXCM	D	-0.03%
UAL	A	-0.03%
WEC	A	-0.03%
CSGP	D	-0.03%
DOW	F	-0.03%
ETR	B	-0.03%
FITB	A	-0.03%
NDAQ	A	-0.03%
EFX	F	-0.03%
NDSN	B	-0.02%
RVTY	F	-0.02%
APTV	D	-0.02%
JBHT	C	-0.02%
DOC	D	-0.02%
EL	F	-0.02%
LNT	A	-0.02%
ALGN	D	-0.02%
MRO	B	-0.02%
AVY	D	-0.02%
NI	A	-0.02%
BAX	D	-0.02%
KIM	A	-0.02%
ARE	D	-0.02%
DG	F	-0.02%
EXPD	D	-0.02%
LVS	C	-0.02%
GPC	D	-0.02%
TRMB	B	-0.02%
TER	D	-0.02%
IEX	B	-0.02%
DGX	A	-0.02%
PNR	A	-0.02%
KEY	B	-0.02%
WRB	A	-0.02%
TSN	B	-0.02%
PODD	C	-0.02%
CTRA	B	-0.02%
BALL	D	-0.02%
MKC	D	-0.02%
FDS	B	-0.02%
INVH	D	-0.02%
LUV	C	-0.02%
CNP	B	-0.02%
DRI	B	-0.02%
CMS	C	-0.02%
LYV	A	-0.02%
ZBRA	B	-0.02%
STX	D	-0.02%
OMC	C	-0.02%
CLX	B	-0.02%
WDC	D	-0.02%
FSLR	F	-0.02%
NTRS	A	-0.02%
K	A	-0.02%
STE	F	-0.02%
ES	D	-0.02%
WBD	C	-0.02%
ZBH	C	-0.02%
TDY	B	-0.02%
WAT	B	-0.02%
ATO	A	-0.02%
WY	D	-0.02%
IFF	D	-0.02%
PTC	A	-0.02%
FOX	A	-0.01%
PARA	C	-0.01%
FMC	D	-0.01%
DVA	B	-0.01%
MHK	D	-0.01%
HII	D	-0.01%
CE	F	-0.01%
HAS	D	-0.01%
APA	D	-0.01%
CZR	F	-0.01%
FRT	B	-0.01%
ENPH	F	-0.01%
MGM	D	-0.01%
WYNN	D	-0.01%
CPB	D	-0.01%
HRL	D	-0.01%
TFX	F	-0.01%
SMCI	F	-0.01%
AES	F	-0.01%
MKTX	D	-0.01%
CRL	C	-0.01%
PNW	B	-0.01%
CTLT	B	-0.01%
PAYC	B	-0.01%
TAP	C	-0.01%
GNRC	B	-0.01%
TECH	D	-0.01%
LW	C	-0.01%
BXP	D	-0.01%
NCLH	B	-0.01%
SJM	D	-0.01%
EMN	D	-0.01%
ALB	C	-0.01%
REG	B	-0.01%
DAY	B	-0.01%
KMX	B	-0.01%
JKHY	D	-0.01%
JNPR	F	-0.01%
CHRW	C	-0.01%
CAG	D	-0.01%
SWK	D	-0.01%
DLTR	F	-0.01%
AKAM	D	-0.01%
MRNA	F	-0.01%
POOL	C	-0.01%
NWS	B	-0.0%