FTHI vs. PHEQ ETF Comparison

Comparison of First Trust High Income ETF (FTHI) to Parametric Hedged Equity ETF (PHEQ)

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

244,323

Number of Holdings ^*

165

* 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	FTHI	PHEQ
30 Days	2.96%	1.99%
60 Days	3.94%	3.02%
90 Days	5.68%	3.86%
12 Months	18.62%	16.61%

55 Overlapping Holdings

Symbol	Grade	Weight in FTHI	Weight in PHEQ	Overlap
AAPL	C	5.63%	6.85%	5.63%
ABBV	D	0.62%	0.85%	0.62%
ADBE	C	0.44%	0.48%	0.44%
AMD	F	0.45%	0.51%	0.45%
AMGN	D	0.31%	0.45%	0.31%
AMZN	C	3.92%	4.1%	3.92%
ARES	A	0.42%	0.25%	0.25%
AVGO	D	1.65%	1.71%	1.65%
BAC	A	0.56%	0.98%	0.56%
BAH	F	0.31%	0.12%	0.12%
BKNG	A	0.36%	0.39%	0.36%
BMY	B	0.48%	0.48%	0.48%
BRK.A	B	1.73%	1.42%	1.42%
CAT	B	0.41%	0.55%	0.41%
COST	B	0.83%	1.07%	0.83%
CRM	B	0.65%	0.63%	0.63%
CVX	A	0.26%	0.84%	0.26%
DELL	C	0.45%	0.14%	0.14%
EXR	D	0.14%	0.32%	0.14%
GOOG	C	1.84%	1.9%	1.84%
GOOGL	C	2.17%	2.28%	2.17%
HD	A	0.88%	1.15%	0.88%
IBM	C	0.36%	0.56%	0.36%
ISRG	A	0.37%	0.58%	0.37%
JPM	A	1.41%	1.73%	1.41%
KO	D	0.46%	0.77%	0.46%
LIN	D	0.41%	0.67%	0.41%
LLY	F	1.18%	1.39%	1.18%
LMT	D	0.26%	0.58%	0.26%
LOW	D	0.31%	0.57%	0.31%
MA	C	0.88%	1.14%	0.88%
MDT	D	0.45%	0.51%	0.45%
META	D	2.55%	2.66%	2.55%
MRK	F	0.49%	0.69%	0.49%
MSFT	F	6.53%	6.55%	6.53%
NFLX	A	0.72%	0.8%	0.72%
NOW	A	0.42%	0.61%	0.42%
NVDA	C	6.56%	7.12%	6.56%
ORCL	B	0.53%	0.73%	0.53%
PEP	F	0.45%	0.72%	0.45%
PG	A	0.79%	1.09%	0.79%
QCOM	F	0.32%	0.33%	0.32%
SCCO	F	0.33%	0.07%	0.07%
T	A	0.35%	0.68%	0.35%
TMO	F	0.38%	0.59%	0.38%
TMUS	B	0.3%	0.51%	0.3%
TSLA	B	1.36%	1.91%	1.36%
TXN	C	0.36%	0.59%	0.36%
UNH	C	1.08%	1.37%	1.08%
UNP	C	0.29%	0.52%	0.29%
V	A	1.01%	1.28%	1.01%
VEEV	C	0.31%	0.1%	0.1%
WFC	A	0.49%	0.67%	0.49%
WMT	A	0.69%	0.96%	0.69%
XOM	B	1.0%	1.4%	1.0%

FTHI Overweight 110 Positions Relative to PHEQ

Symbol	Grade	Weight
BXMT	C	1.55%
SLG	B	1.44%
JXN	C	1.11%
CRNX	C	0.99%
CCEP	C	0.98%
VST	B	0.97%
UL	D	0.94%
MO	A	0.9%
LADR	B	0.87%
BRBR	A	0.77%
CALM	A	0.76%
INGR	B	0.64%
PTVE	B	0.64%
IDA	A	0.59%
ALSN	B	0.53%
CCI	D	0.53%
NVS	D	0.49%
EXP	A	0.48%
SLM	A	0.48%
CVLT	B	0.48%
GILD	C	0.47%
DTM	B	0.46%
IDCC	A	0.45%
TOL	B	0.45%
SFM	A	0.45%
INSM	C	0.44%
HLI	B	0.44%
EWBC	A	0.43%
INTU	C	0.43%
UMBF	B	0.43%
MEDP	D	0.42%
MMC	B	0.42%
ITW	B	0.41%
PPC	C	0.41%
DECK	A	0.41%
EHC	B	0.39%
AM	A	0.38%
USFD	A	0.38%
PM	B	0.37%
CME	A	0.37%
LANC	C	0.36%
SLVM	B	0.35%
FNF	B	0.35%
VZ	C	0.35%
KNSL	B	0.35%
GE	D	0.35%
HESM	B	0.34%
FTI	A	0.34%
SPGI	C	0.33%
WSO	A	0.33%
GS	A	0.33%
RTX	C	0.33%
ADP	B	0.33%
TJX	A	0.32%
MGEE	C	0.32%
HON	B	0.31%
DUK	C	0.31%
DHR	F	0.31%
AMAT	F	0.31%
KRC	C	0.31%
BKU	A	0.3%
LOPE	B	0.3%
PSA	D	0.3%
SBRA	C	0.3%
MATX	C	0.3%
AMT	D	0.29%
GAP	C	0.27%
DHT	F	0.27%
IIPR	D	0.27%
GGG	B	0.27%
NVO	D	0.25%
ATR	B	0.25%
SBLK	F	0.24%
O	D	0.24%
NEE	D	0.24%
BLK	C	0.24%
COP	C	0.24%
CNA	B	0.23%
PFGC	B	0.22%
AMH	D	0.22%
STNG	F	0.22%
EQIX	A	0.21%
PAYX	C	0.21%
CVBF	A	0.2%
FLO	D	0.2%
SO	D	0.2%
OTTR	C	0.2%
MUSA	A	0.19%
XEL	A	0.19%
GEV	B	0.17%
MSI	B	0.17%
NEU	C	0.17%
REYN	D	0.16%
KAR	B	0.15%
WEC	A	0.15%
SFNC	B	0.14%
OGN	D	0.13%
BX	A	0.13%
NHI	D	0.12%
TGT	F	0.11%
PFE	D	0.1%
D	C	0.08%
BDX	F	0.07%
AJG	B	0.05%
SPG	B	0.05%
SYK	C	0.05%
CL	D	0.05%
MDLZ	F	0.03%
GIS	D	0.03%
ELV	F	0.03%

FTHI Underweight 148 Positions Relative to PHEQ

Symbol	Grade	Weight
JNJ	D	-1.04%
CSCO	B	-0.79%
ABT	B	-0.6%
DIS	B	-0.57%
AXP	A	-0.57%
TRGP	B	-0.46%
KKR	A	-0.46%
DE	A	-0.44%
WM	A	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
TRV	B	-0.39%
DAL	C	-0.39%
MS	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
KLAC	D	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	B	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EQR	B	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
LRCX	F	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
CAG	D	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-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%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%