IYY vs. PHDG ETF Comparison

Comparison of iShares Dow Jones U.S. ETF (IYY) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

IYY

iShares Dow Jones U.S. ETF

IYY Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Index (the "underlying index"), which measures the performance of the broad U.S. equity market. The underlying index is comprised of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.

Grade (RS Rating)

Last Trade

$132.31

Average Daily Volume

19,290

Number of Holdings ^*

1071

* 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

$37.41

Average Daily Volume

10,125

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	IYY	PHDG
30 Days	3.53%	3.67%
60 Days	6.50%	5.69%
90 Days	3.55%	2.17%
12 Months	25.25%	16.10%

496 Overlapping Holdings

	Symbol	Grade	Weight in IYY	Weight in PHDG	Overlap
	A	D	0.08%	0.05%	0.05%
	AAL	F	0.01%	0.01%	0.01%
	AAPL	B	6.15%	4.31%	4.31%
	ABBV	B	0.6%	0.42%	0.42%
	ABNB	C	0.13%	0.09%	0.09%
	ABT	D	0.36%	0.25%	0.25%
	ACGL	B	0.07%	0.05%	0.05%
	ACN	D	0.35%	0.25%	0.25%
	ADBE	B	0.47%	0.33%	0.33%
	ADI	B	0.23%	0.16%	0.16%
	ADM	F	0.06%	0.04%	0.04%
	ADP	D	0.2%	0.14%	0.14%
	ADSK	B	0.1%	0.07%	0.07%
	AEE	D	0.04%	0.03%	0.03%
	AEP	C	0.09%	0.06%	0.06%
	AES	D	0.02%	0.02%	0.02%
	AFL	B	0.09%	0.06%	0.06%
	AIG	D	0.1%	0.07%	0.07%
	AIZ	D	0.02%	0.01%	0.01%
	AJG	B	0.11%	0.08%	0.08%
	AKAM	F	0.03%	0.02%	0.02%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	F	0.03%	0.02%	0.02%
	ALL	D	0.08%	0.06%	0.06%
	ALLE	C	0.02%	0.01%	0.01%
	AMAT	B	0.41%	0.29%	0.29%
	AMCR	C	0.03%	0.02%	0.02%
	AMD	B	0.49%	0.35%	0.35%
	AME	D	0.08%	0.05%	0.05%
	AMGN	B	0.32%	0.23%	0.23%
	AMP	C	0.09%	0.06%	0.06%
	AMT	B	0.18%	0.12%	0.12%
	AMZN	B	3.31%	2.31%	2.31%
	ANET	A	0.17%	0.12%	0.12%
	ANSS	D	0.06%	0.04%	0.04%
	AON	C	0.12%	0.08%	0.08%
	AOS	D	0.02%	0.01%	0.01%
	APA	D	0.02%	0.01%	0.01%
	APD	D	0.12%	0.08%	0.08%
	APH	B	0.17%	0.12%	0.12%
	APTV	F	0.04%	0.03%	0.03%
	ARE	C	0.04%	0.03%	0.03%
	ATO	B	0.04%	0.02%	0.02%
	AVB	A	0.06%	0.04%	0.04%
	AVGO	C	1.57%	1.1%	1.1%
	AVY	C	0.04%	0.03%	0.03%
	AWK	B	0.05%	0.04%	0.04%
	AXON	C	0.04%	0.03%	0.03%
	AXP	C	0.26%	0.18%	0.18%
	AZO	B	0.1%	0.07%	0.07%
	BA	D	0.2%	0.14%	0.14%
	BAC	A	0.54%	0.38%	0.38%
	BALL	D	0.04%	0.03%	0.03%
	BAX	F	0.03%	0.02%	0.02%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	B	0.04%	0.02%	0.02%
	BDX	D	0.13%	0.09%	0.09%
	BEN	D	0.01%	0.01%	0.01%
	BG	B	0.03%	0.02%	0.02%
	BIIB	C	0.06%	0.04%	0.04%
	BIO	F	0.01%	0.01%	0.01%
	BK	A	0.09%	0.06%	0.06%
	BKNG	A	0.27%	0.19%	0.19%
	BKR	B	0.06%	0.04%	0.04%
	BLDR	F	0.04%	0.03%	0.03%
	BLK	B	0.22%	0.15%	0.15%
	BMY	F	0.16%	0.12%	0.12%
	BR	C	0.05%	0.03%	0.03%
	BRK.A	C	1.47%	1.03%	1.03%
	BRO	B	0.04%	0.03%	0.03%
	BSX	A	0.22%	0.15%	0.15%
	BWA	F	0.02%	0.01%	0.01%
	BX	B	0.18%	0.12%	0.12%
	BXP	B	0.02%	0.01%	0.01%
	C	C	0.23%	0.16%	0.16%
	CAG	D	0.03%	0.02%	0.02%
	CAH	D	0.05%	0.04%	0.04%
	CARR	B	0.11%	0.08%	0.08%
	CAT	C	0.33%	0.23%	0.23%
	CB	C	0.21%	0.15%	0.15%
	CBRE	B	0.05%	0.04%	0.04%
	CCI	C	0.08%	0.06%	0.06%
	CCL	B	0.03%	0.02%	0.02%
	CDNS	B	0.18%	0.12%	0.12%
	CDW	D	0.06%	0.04%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	C	0.14%	0.1%	0.1%
	CF	D	0.03%	0.02%	0.02%
	CFG	C	0.03%	0.02%	0.02%
	CHD	C	0.05%	0.04%	0.04%
	CHRW	B	0.02%	0.01%	0.01%
	CHTR	C	0.05%	0.04%	0.04%
	CI	D	0.19%	0.14%	0.14%
	CINF	C	0.04%	0.02%	0.02%
	CL	B	0.16%	0.11%	0.11%
	CLX	D	0.03%	0.02%	0.02%
	CMA	C	0.01%	0.01%	0.01%
	CMCSA	C	0.29%	0.2%	0.2%
	CME	D	0.14%	0.1%	0.1%
	CMG	C	0.19%	0.13%	0.13%
	CMI	D	0.07%	0.05%	0.05%
	CMS	D	0.03%	0.02%	0.02%
	CNC	F	0.07%	0.05%	0.05%
	CNP	A	0.04%	0.03%	0.03%
	COF	C	0.1%	0.07%	0.07%
	COP	D	0.26%	0.18%	0.18%
	COST	B	0.76%	0.53%	0.53%
	CPAY	D	0.04%	0.03%	0.03%
	CPB	C	0.02%	0.01%	0.01%
	CPRT	C	0.09%	0.07%	0.07%
	CPT	A	0.02%	0.02%	0.02%
	CRL	F	0.02%	0.01%	0.01%
	CRM	D	0.44%	0.31%	0.31%
	CSCO	C	0.37%	0.26%	0.26%
	CSGP	D	0.06%	0.04%	0.04%
	CSX	C	0.13%	0.09%	0.09%
	CTAS	B	0.12%	0.08%	0.08%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	D	0.04%	0.03%	0.03%
	CTSH	C	0.07%	0.05%	0.05%
	CTVA	C	0.07%	0.05%	0.05%
	CVS	D	0.15%	0.11%	0.11%
	CVX	C	0.53%	0.37%	0.37%
	CZR	C	0.02%	0.01%	0.01%
	D	D	0.08%	0.06%	0.06%
	DAL	D	0.06%	0.04%	0.04%
	DAY	F	0.02%	0.01%	0.01%
	DD	B	0.07%	0.05%	0.05%
	DE	D	0.2%	0.14%	0.14%
	DECK	B	0.05%	0.04%	0.04%
	DFS	A	0.06%	0.04%	0.04%
	DG	D	0.06%	0.04%	0.04%
	DGX	D	0.03%	0.02%	0.02%
	DHI	D	0.08%	0.06%	0.06%
	DHR	D	0.33%	0.23%	0.23%
	DIS	D	0.37%	0.26%	0.26%
	DLR	A	0.1%	0.07%	0.07%
	DLTR	F	0.04%	0.03%	0.03%
	DOC	B	0.03%	0.02%	0.02%
	DOV	B	0.05%	0.04%	0.04%
	DOW	D	0.08%	0.05%	0.05%
	DPZ	B	0.04%	0.03%	0.03%
	DRI	C	0.04%	0.03%	0.03%
	DTE	C	0.04%	0.03%	0.03%
	DUK	D	0.15%	0.11%	0.11%
	DVA	C	0.02%	0.01%	0.01%
	DVN	C	0.06%	0.04%	0.04%
	DXCM	F	0.09%	0.06%	0.06%
	EA	B	0.07%	0.05%	0.05%
	EBAY	B	0.06%	0.04%	0.04%
	ECL	B	0.12%	0.09%	0.09%
	ED	D	0.06%	0.04%	0.04%
	EFX	B	0.06%	0.04%	0.04%
	EG	B	0.03%	0.02%	0.02%
	EIX	D	0.05%	0.04%	0.04%
	EL	F	0.05%	0.04%	0.04%
	ELV	A	0.24%	0.17%	0.17%
	EMN	C	0.02%	0.02%	0.02%
	EMR	C	0.12%	0.09%	0.09%
	ENPH	F	0.03%	0.02%	0.02%
	EOG	C	0.14%	0.1%	0.1%
	EPAM	D	0.02%	0.01%	0.01%
	EQIX	C	0.14%	0.1%	0.1%
	EQR	A	0.05%	0.03%	0.03%
	EQT	D	0.03%	0.02%	0.02%
	ES	F	0.04%	0.03%	0.03%
	ESS	B	0.04%	0.03%	0.03%
	ETN	D	0.26%	0.18%	0.18%
	ETR	C	0.04%	0.03%	0.03%
	ETSY	F	0.01%	0.01%	0.01%
	EVRG	C	0.02%	0.02%	0.02%
	EW	B	0.11%	0.07%	0.07%
	EXC	D	0.07%	0.05%	0.05%
	EXPD	B	0.04%	0.03%	0.03%
	EXPE	C	0.03%	0.02%	0.02%
	EXR	B	0.07%	0.05%	0.05%
	F	C	0.09%	0.06%	0.06%
	FANG	C	0.07%	0.05%	0.05%
	FAST	F	0.07%	0.05%	0.05%
	FCX	D	0.13%	0.09%	0.09%
	FDS	D	0.03%	0.02%	0.02%
	FDX	A	0.11%	0.08%	0.08%
	FE	D	0.04%	0.03%	0.03%
	FFIV	C	0.02%	0.01%	0.01%
	FICO	A	0.07%	0.05%	0.05%
	FIS	B	0.09%	0.06%	0.06%
	FITB	C	0.05%	0.03%	0.03%
	FMC	D	0.01%	0.01%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.01%	0.01%
	FRT	C	0.01%	0.01%	0.01%
	FSLR	C	0.06%	0.04%	0.04%
	FTNT	D	0.07%	0.05%	0.05%
	FTV	D	0.05%	0.04%	0.04%
	GD	C	0.13%	0.09%	0.09%
	GE	D	0.35%	0.25%	0.25%
	GEHC	D	0.07%	0.05%	0.05%
	GEV	B	0.1%	0.07%	0.07%
	GILD	C	0.16%	0.11%	0.11%
	GIS	D	0.08%	0.05%	0.05%
	GL	C	0.01%	0.01%	0.01%
	GLW	B	0.06%	0.04%	0.04%
	GM	B	0.11%	0.08%	0.08%
	GNRC	D	0.02%	0.01%	0.01%
	GOOG	B	1.72%	1.21%	1.21%
	GOOGL	B	2.04%	1.43%	1.43%
	GPC	D	0.04%	0.03%	0.03%
	GPN	D	0.05%	0.03%	0.03%
	GRMN	B	0.05%	0.03%	0.03%
	GS	B	0.3%	0.21%	0.21%
	GWW	D	0.08%	0.06%	0.06%
	HAL	D	0.06%	0.04%	0.04%
	HAS	C	0.02%	0.01%	0.01%
	HBAN	C	0.04%	0.02%	0.02%
	HCA	C	0.13%	0.09%	0.09%
	HD	B	0.7%	0.49%	0.49%
	HES	D	0.08%	0.05%	0.05%
	HIG	B	0.06%	0.04%	0.04%
	HII	D	0.02%	0.01%	0.01%
	HLT	A	0.11%	0.08%	0.08%
	HOLX	C	0.03%	0.02%	0.02%
	HON	B	0.28%	0.19%	0.19%
	HPE	B	0.06%	0.04%	0.04%
	HPQ	B	0.06%	0.04%	0.04%
	HRL	F	0.02%	0.01%	0.01%
	HSIC	F	0.02%	0.01%	0.01%
	HST	D	0.03%	0.02%	0.02%
	HSY	F	0.05%	0.04%	0.04%
	HUBB	D	0.04%	0.03%	0.03%
	HUM	C	0.08%	0.06%	0.06%
	HWM	C	0.06%	0.04%	0.04%
	IBM	B	0.31%	0.22%	0.22%
	ICE	A	0.15%	0.11%	0.11%
	IDXX	D	0.08%	0.06%	0.06%
	IEX	D	0.03%	0.02%	0.02%
	IFF	B	0.05%	0.03%	0.03%
	ILMN	F	0.03%	0.02%	0.02%
	INCY	B	0.02%	0.02%	0.02%
	INTC	F	0.26%	0.18%	0.18%
	INTU	B	0.34%	0.24%	0.24%
	INVH	A	0.04%	0.03%	0.03%
	IP	B	0.03%	0.02%	0.02%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.08%	0.05%	0.05%
	IR	C	0.08%	0.05%	0.05%
	IRM	A	0.05%	0.04%	0.04%
	ISRG	A	0.3%	0.21%	0.21%
	IT	B	0.07%	0.05%	0.05%
	ITW	D	0.13%	0.09%	0.09%
	IVZ	D	0.01%	0.01%	0.01%
	J	D	0.03%	0.02%	0.02%
	JBHT	F	0.03%	0.02%	0.02%
	JBL	F	0.03%	0.02%	0.02%
	JCI	C	0.09%	0.07%	0.07%
	JKHY	B	0.02%	0.02%	0.02%
	JNJ	F	0.69%	0.49%	0.49%
	JNPR	B	0.02%	0.02%	0.02%
	JPM	A	1.13%	0.79%	0.79%
	K	D	0.03%	0.02%	0.02%
	KDP	C	0.07%	0.05%	0.05%
	KEY	C	0.02%	0.02%	0.02%
	KEYS	D	0.05%	0.03%	0.03%
	KHC	D	0.05%	0.04%	0.04%
	KIM	B	0.02%	0.02%	0.02%
	KLAC	B	0.23%	0.16%	0.16%
	KMB	B	0.09%	0.07%	0.07%
	KMI	A	0.08%	0.05%	0.05%
	KMX	B	0.02%	0.02%	0.02%
	KO	A	0.48%	0.34%	0.34%
	KR	D	0.07%	0.05%	0.05%
	KVUE	F	0.07%	0.04%	0.04%
	L	D	0.03%	0.02%	0.02%
	LDOS	B	0.04%	0.03%	0.03%
	LEN	D	0.0%	0.05%	0.0%
	LEN	D	0.07%	0.05%	0.05%
	LHX	A	0.08%	0.06%	0.06%
	LIN	B	0.42%	0.3%	0.3%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	A	1.41%	0.98%	0.98%
	LMT	A	0.2%	0.14%	0.14%
	LNT	C	0.03%	0.02%	0.02%
	LOW	D	0.26%	0.18%	0.18%
	LRCX	B	0.28%	0.2%	0.2%
	LULU	F	0.07%	0.05%	0.05%
	LUV	B	0.03%	0.02%	0.02%
	LVS	F	0.03%	0.02%	0.02%
	LW	F	0.02%	0.02%	0.02%
	LYB	C	0.05%	0.03%	0.03%
	LYV	C	0.03%	0.02%	0.02%
	MA	D	0.73%	0.51%	0.51%
	MAA	B	0.03%	0.02%	0.02%
	MAR	B	0.12%	0.08%	0.08%
	MAS	D	0.03%	0.02%	0.02%
	MCD	D	0.36%	0.25%	0.25%
	MCHP	C	0.1%	0.07%	0.07%
	MCK	B	0.16%	0.11%	0.11%
	MCO	A	0.13%	0.09%	0.09%
	MDLZ	D	0.18%	0.12%	0.12%
	MDT	D	0.21%	0.15%	0.15%
	MET	D	0.08%	0.06%	0.06%
	META	B	2.17%	1.52%	1.52%
	MGM	B	0.02%	0.02%	0.02%
	MHK	C	0.01%	0.01%	0.01%
	MKC	D	0.03%	0.02%	0.02%
	MKTX	F	0.01%	0.01%	0.01%
	MLM	D	0.07%	0.05%	0.05%
	MMC	B	0.21%	0.14%	0.14%
	MMM	B	0.11%	0.08%	0.08%
	MNST	D	0.07%	0.05%	0.05%
	MO	B	0.16%	0.11%	0.11%
	MOH	F	0.04%	0.02%	0.02%
	MOS	D	0.02%	0.01%	0.01%
	MPC	D	0.13%	0.09%	0.09%
	MPWR	B	0.08%	0.06%	0.06%
	MRK	C	0.64%	0.45%	0.45%
	MRNA	D	0.09%	0.06%	0.06%
	MRO	B	0.03%	0.02%	0.02%
	MS	B	0.24%	0.17%	0.17%
	MSCI	F	0.07%	0.05%	0.05%
	MSFT	B	6.56%	4.59%	4.59%
	MSI	A	0.13%	0.09%	0.09%
	MTB	B	0.05%	0.03%	0.03%
	MTCH	F	0.02%	0.01%	0.01%
	MTD	B	0.06%	0.04%	0.04%
	MU	C	0.34%	0.23%	0.23%
	NCLH	B	0.01%	0.01%	0.01%
	NDAQ	C	0.04%	0.03%	0.03%
	NDSN	D	0.02%	0.02%	0.02%
	NEE	D	0.29%	0.2%	0.2%
	NEM	B	0.1%	0.07%	0.07%
	NFLX	B	0.59%	0.41%	0.41%
	NI	B	0.02%	0.02%	0.02%
	NKE	F	0.23%	0.16%	0.16%
	NOC	D	0.12%	0.08%	0.08%
	NOW	B	0.3%	0.21%	0.21%
	NRG	C	0.04%	0.03%	0.03%
	NSC	F	0.1%	0.07%	0.07%
	NTAP	A	0.05%	0.04%	0.04%
	NTRS	C	0.03%	0.02%	0.02%
	NUE	D	0.08%	0.05%	0.05%
	NVDA	B	6.62%	4.64%	4.64%
	NVR	C	0.05%	0.03%	0.03%
	NWS	A	0.01%	0.0%	0.0%
	NWSA	A	0.02%	0.01%	0.01%
	NXPI	B	0.14%	0.1%	0.1%
	O	D	0.09%	0.06%	0.06%
	ODFL	D	0.06%	0.04%	0.04%
	OKE	B	0.09%	0.06%	0.06%
	OMC	D	0.04%	0.02%	0.02%
	ON	F	0.06%	0.04%	0.04%
	ORCL	B	0.46%	0.32%	0.32%
	ORLY	B	0.12%	0.09%	0.09%
	OTIS	B	0.08%	0.05%	0.05%
	OXY	C	0.08%	0.06%	0.06%
	PANW	B	0.2%	0.14%	0.14%
	PARA	D	0.01%	0.01%	0.01%
	PAYC	F	0.01%	0.01%	0.01%
	PAYX	D	0.08%	0.06%	0.06%
	PCAR	D	0.11%	0.08%	0.08%
	PCG	D	0.08%	0.05%	0.05%
	PEG	B	0.07%	0.05%	0.05%
	PEP	D	0.45%	0.32%	0.32%
	PFE	C	0.31%	0.21%	0.21%
	PFG	D	0.03%	0.02%	0.02%
	PG	C	0.78%	0.55%	0.55%
	PGR	D	0.24%	0.17%	0.17%
	PH	C	0.13%	0.09%	0.09%
	PHM	D	0.05%	0.03%	0.03%
	PKG	B	0.03%	0.02%	0.02%
	PLD	C	0.2%	0.14%	0.14%
	PM	B	0.31%	0.22%	0.22%
	PNC	C	0.12%	0.09%	0.09%
	PNR	D	0.03%	0.02%	0.02%
	PNW	C	0.02%	0.01%	0.01%
	PODD	C	0.03%	0.02%	0.02%
	POOL	F	0.03%	0.02%	0.02%
	PPG	D	0.06%	0.04%	0.04%
	PPL	D	0.04%	0.03%	0.03%
	PRU	B	0.08%	0.06%	0.06%
	PSA	B	0.09%	0.06%	0.06%
	PSX	D	0.12%	0.08%	0.08%
	PTC	C	0.04%	0.03%	0.03%
	PWR	C	0.08%	0.06%	0.06%
	PYPL	F	0.13%	0.09%	0.09%
	QCOM	C	0.5%	0.35%	0.35%
	QRVO	B	0.02%	0.02%	0.02%
	RCL	A	0.07%	0.05%	0.05%
	REG	B	0.02%	0.01%	0.01%
	REGN	B	0.22%	0.15%	0.15%
	RF	C	0.03%	0.02%	0.02%
	RHI	F	0.01%	0.01%	0.01%
	RJF	C	0.04%	0.03%	0.03%
	RL	B	0.01%	0.01%	0.01%
	RMD	D	0.06%	0.04%	0.04%
	ROK	D	0.06%	0.04%	0.04%
	ROL	B	0.03%	0.02%	0.02%
	ROP	A	0.12%	0.08%	0.08%
	ROST	B	0.1%	0.07%	0.07%
	RSG	A	0.08%	0.05%	0.05%
	RTX	D	0.28%	0.19%	0.19%
	SBAC	D	0.04%	0.03%	0.03%
	SBUX	F	0.18%	0.13%	0.13%
	SCHW	C	0.21%	0.15%	0.15%
	SHW	D	0.14%	0.1%	0.1%
	SJM	F	0.02%	0.02%	0.02%
	SLB	D	0.13%	0.09%	0.09%
	SMCI	C	0.09%	0.06%	0.06%
	SNA	D	0.03%	0.02%	0.02%
	SNPS	B	0.19%	0.13%	0.13%
	SO	B	0.17%	0.12%	0.12%
	SOLV	F	0.01%	0.01%	0.01%
	SPG	B	0.09%	0.07%	0.07%
	SPGI	B	0.28%	0.19%	0.19%
	SRE	B	0.09%	0.07%	0.07%
	STE	C	0.04%	0.03%	0.03%
	STLD	C	0.04%	0.03%	0.03%
	STT	C	0.04%	0.03%	0.03%
	STX	B	0.04%	0.03%	0.03%
	STZ	B	0.08%	0.06%	0.06%
	SWK	F	0.03%	0.02%	0.02%
	SWKS	B	0.03%	0.02%	0.02%
	SYF	A	0.03%	0.02%	0.02%
	SYK	B	0.23%	0.16%	0.16%
	SYY	D	0.07%	0.05%	0.05%
	T	A	0.25%	0.18%	0.18%
	TAP	F	0.02%	0.01%	0.01%
	TDG	C	0.15%	0.1%	0.1%
	TDY	D	0.04%	0.03%	0.03%
	TECH	D	0.02%	0.02%	0.02%
	TEL	B	0.09%	0.06%	0.06%
	TER	B	0.05%	0.03%	0.03%
	TFC	C	0.1%	0.07%	0.07%
	TFX	D	0.02%	0.01%	0.01%
	TGT	D	0.13%	0.09%	0.09%
	TJX	A	0.25%	0.17%	0.17%
	TMO	D	0.43%	0.3%	0.3%
	TMUS	B	0.18%	0.13%	0.13%
	TPR	B	0.02%	0.01%	0.01%
	TRGP	A	0.05%	0.04%	0.04%
	TRMB	C	0.03%	0.02%	0.02%
	TROW	B	0.05%	0.04%	0.04%
	TRV	D	0.09%	0.07%	0.07%
	TSCO	C	0.06%	0.04%	0.04%
	TSLA	C	1.01%	0.71%	0.71%
	TSN	C	0.03%	0.02%	0.02%
	TT	B	0.16%	0.11%	0.11%
	TTWO	B	0.05%	0.03%	0.03%
	TXN	B	0.35%	0.25%	0.25%
	TXT	D	0.03%	0.02%	0.02%
	TYL	A	0.04%	0.03%	0.03%
	UAL	D	0.03%	0.02%	0.02%
	UBER	B	0.29%	0.2%	0.2%
	UDR	B	0.02%	0.02%	0.02%
	UHS	B	0.02%	0.02%	0.02%
	ULTA	F	0.04%	0.03%	0.03%
	UNH	C	0.88%	0.62%	0.62%
	UNP	D	0.27%	0.19%	0.19%
	UPS	D	0.19%	0.13%	0.13%
	URI	C	0.09%	0.06%	0.06%
	USB	C	0.12%	0.08%	0.08%
	V	D	0.86%	0.6%	0.6%
	VICI	C	0.06%	0.04%	0.04%
	VLO	C	0.1%	0.07%	0.07%
	VLTO	C	0.04%	0.03%	0.03%
	VMC	D	0.07%	0.05%	0.05%
	VRSK	A	0.08%	0.05%	0.05%
	VRSN	C	0.03%	0.02%	0.02%
	VRTX	B	0.24%	0.17%	0.17%
	VST	C	0.06%	0.04%	0.04%
	VTR	A	0.04%	0.03%	0.03%
	VTRS	D	0.02%	0.02%	0.02%
	VZ	B	0.33%	0.23%	0.23%
	WAB	D	0.06%	0.04%	0.04%
	WAT	F	0.03%	0.02%	0.02%
	WBA	F	0.02%	0.02%	0.02%
	WBD	D	0.03%	0.02%	0.02%
	WDC	B	0.05%	0.04%	0.04%
	WEC	D	0.05%	0.03%	0.03%
	WELL	A	0.11%	0.08%	0.08%
	WFC	C	0.42%	0.29%	0.29%
	WM	A	0.15%	0.11%	0.11%
	WMB	A	0.1%	0.07%	0.07%
	WMT	A	0.57%	0.4%	0.4%
	WRB	C	0.03%	0.02%	0.02%
	WRK	D	0.03%	0.02%	0.02%
	WST	D	0.05%	0.03%	0.03%
	WTW	B	0.05%	0.04%	0.04%
	WY	F	0.04%	0.03%	0.03%
	WYNN	D	0.02%	0.01%	0.01%
	XEL	D	0.06%	0.04%	0.04%
	XOM	C	0.98%	0.68%	0.68%
	XYL	C	0.07%	0.05%	0.05%
	YUM	D	0.08%	0.05%	0.05%
	ZBH	D	0.04%	0.03%	0.03%
	ZBRA	C	0.03%	0.02%	0.02%
	ZTS	C	0.15%	0.11%	0.11%

IYY Overweight 575 Positions Relative to PHDG

	Symbol	Grade	Weight
	CRWD	B	0.18%
	FI	D	0.18%
	KKR	B	0.15%
	MRVL	C	0.12%
	PLTR	B	0.1%
	APO	A	0.1%
	WDAY	D	0.09%
	TTD	A	0.09%
	LNG	B	0.08%
	COR	C	0.08%
	DELL	C	0.08%
	COIN	C	0.08%
	FERG	D	0.08%
	SNOW	D	0.08%
	VRT	D	0.07%
	DASH	D	0.07%
	SQ	D	0.07%
	DDOG	B	0.07%
	HUBS	C	0.06%
	ARES	D	0.05%
	NET	B	0.05%
	TEAM	D	0.05%
	VEEV	F	0.05%
	PINS	B	0.05%
	COO	D	0.04%
	EME	C	0.04%
	GDDY	B	0.04%
	ALNY	B	0.04%
	FCNCA	C	0.04%
	BAH	B	0.04%
	PSTG	B	0.04%
	CSL	C	0.04%
	DKNG	D	0.04%
	MKL	C	0.04%
	WSM	C	0.04%
	ENTG	B	0.04%
	LPLA	B	0.04%
	MSTR	C	0.04%
	EQH	B	0.03%
	IBKR	B	0.03%
	FNF	C	0.03%
	NBIX	C	0.03%
	FND	F	0.03%
	GEN	B	0.03%
	RVTY	D	0.03%
	NTNX	D	0.03%
	DKS	B	0.03%
	BLD	D	0.03%
	SSNC	B	0.03%
	NVT	D	0.03%
	GGG	D	0.03%
	HEI	B	0.03%
	OKTA	C	0.03%
	RGA	B	0.03%
	TRU	C	0.03%
	CASY	B	0.03%
	THC	B	0.03%
	ZM	D	0.03%
	TPL	B	0.03%
	RPM	D	0.03%
	MANH	B	0.03%
	UTHR	A	0.03%
	RBA	B	0.03%
	SUI	C	0.03%
	AVTR	F	0.03%
	APP	B	0.03%
	FWONK	B	0.03%
	BURL	B	0.03%
	WSO	C	0.03%
	BMRN	C	0.03%
	ZS	C	0.03%
	MDB	F	0.03%
	OC	C	0.03%
	RS	D	0.03%
	SNAP	B	0.03%
	LII	B	0.03%
	LH	C	0.03%
	RBLX	B	0.03%
	EXAS	F	0.02%
	KNX	C	0.02%
	MORN	C	0.02%
	AXTA	D	0.02%
	Z	C	0.02%
	INGR	D	0.02%
	UNM	C	0.02%
	GMED	A	0.02%
	ORI	C	0.02%
	GNTX	D	0.02%
	SFM	A	0.02%
	PR	C	0.02%
	RGLD	C	0.02%
	OHI	A	0.02%
	EXP	D	0.02%
	ACI	F	0.02%
	ALV	D	0.02%
	CGNX	C	0.02%
	SF	A	0.02%
	CHE	D	0.02%
	EGP	B	0.02%
	RBC	C	0.02%
	FHN	C	0.02%
	PRI	B	0.02%
	X	D	0.02%
	JEF	A	0.02%
	NYT	A	0.02%
	AFG	D	0.02%
	TPX	D	0.02%
	LSCC	F	0.02%
	DINO	D	0.02%
	APG	B	0.02%
	RRC	D	0.02%
	GPK	D	0.02%
	CG	C	0.02%
	EHC	B	0.02%
	BWXT	B	0.02%
	KNSL	F	0.02%
	CNM	D	0.02%
	LNW	B	0.02%
	FBIN	F	0.02%
	DCI	D	0.02%
	MKSI	B	0.02%
	KBR	C	0.02%
	ARMK	A	0.02%
	ESTC	B	0.02%
	OLED	A	0.02%
	ERIE	C	0.02%
	HEI	B	0.02%
	AR	D	0.02%
	CCK	F	0.02%
	WTRG	C	0.02%
	REXR	C	0.02%
	DOX	D	0.02%
	ELAN	C	0.02%
	MUSA	B	0.02%
	TOST	B	0.02%
	CELH	F	0.02%
	MEDP	B	0.02%
	TREX	F	0.02%
	CHK	D	0.02%
	CROX	B	0.02%
	CHDN	A	0.02%
	AU	B	0.02%
	RRX	F	0.02%
	TWLO	D	0.02%
	NLY	B	0.02%
	SKX	B	0.02%
	CACI	B	0.02%
	ATR	D	0.02%
	COHR	B	0.02%
	LAMR	A	0.02%
	JLL	B	0.02%
	EWBC	C	0.02%
	CNH	F	0.02%
	CUBE	B	0.02%
	TTC	B	0.02%
	DT	F	0.02%
	RPRX	F	0.02%
	CHRD	C	0.02%
	SNX	C	0.02%
	PFGC	D	0.02%
	DOCU	D	0.02%
	ITT	C	0.02%
	SCI	B	0.02%
	FTI	C	0.02%
	CW	B	0.02%
	LECO	D	0.02%
	SRPT	B	0.02%
	GWRE	A	0.02%
	ALLY	B	0.02%
	TTEK	C	0.02%
	WWD	C	0.02%
	CLH	B	0.02%
	HOOD	B	0.02%
	TXRH	B	0.02%
	OVV	C	0.02%
	CVNA	B	0.02%
	ELS	B	0.02%
	AMH	A	0.02%
	BSY	D	0.02%
	WPC	D	0.02%
	ACM	D	0.02%
	GLPI	B	0.02%
	ELF	B	0.02%
	USFD	B	0.02%
	XPO	D	0.02%
	RNR	C	0.02%
	BJ	B	0.02%
	SAIA	B	0.02%
	WMS	D	0.02%
	TW	C	0.02%
	TOL	D	0.02%
	NTRA	B	0.02%
	DV	F	0.01%
	SMG	D	0.01%
	TGNA	D	0.01%
	DNLI	B	0.01%
	IPGP	D	0.01%
	CDP	B	0.01%
	FHI	C	0.01%
	RUN	D	0.01%
	PEGA	C	0.01%
	SAM	C	0.01%
	WEN	F	0.01%
	PENN	C	0.01%
	BROS	B	0.01%
	CNXC	D	0.01%
	ALIT	D	0.01%
	MPW	F	0.01%
	COLM	D	0.01%
	VLY	D	0.01%
	NVST	F	0.01%
	PAG	D	0.01%
	NWE	C	0.01%
	VAC	D	0.01%
	CACC	C	0.01%
	ARWR	C	0.01%
	CXT	B	0.01%
	CHH	B	0.01%
	AMED	F	0.01%
	LBTYA	B	0.01%
	GTES	D	0.01%
	CHWY	B	0.01%
	FIVN	F	0.01%
	BLKB	C	0.01%
	PNM	D	0.01%
	TPG	D	0.01%
	LSXMK	D	0.01%
	WOLF	F	0.01%
	IAC	D	0.01%
	MSGS	C	0.01%
	IRDM	F	0.01%
	RARE	D	0.01%
	PCH	F	0.01%
	WK	D	0.01%
	NSA	B	0.01%
	BXMT	C	0.01%
	TNET	F	0.01%
	DXC	C	0.01%
	NSP	F	0.01%
	DOCS	B	0.01%
	LBTYK	C	0.01%
	KRC	D	0.01%
	RH	D	0.01%
	LITE	B	0.01%
	SBRA	A	0.01%
	OGS	C	0.01%
	BKH	C	0.01%
	ALTM	F	0.01%
	SR	C	0.01%
	CUZ	C	0.01%
	YETI	D	0.01%
	UMBF	C	0.01%
	PRGO	F	0.01%
	ROIV	D	0.01%
	MAN	F	0.01%
	FFIN	C	0.01%
	HUN	F	0.01%
	CC	F	0.01%
	ZI	F	0.01%
	SLGN	D	0.01%
	MSM	D	0.01%
	ALE	B	0.01%
	CPRI	D	0.01%
	WU	D	0.01%
	NEU	F	0.01%
	GTLB	D	0.01%
	CCCS	D	0.01%
	SLAB	F	0.01%
	COTY	D	0.01%
	LANC	C	0.01%
	AAP	F	0.01%
	BYD	D	0.01%
	KMPR	C	0.01%
	LOPE	C	0.01%
	U	F	0.01%
	GH	C	0.01%
	AMKR	B	0.01%
	RIG	D	0.01%
	SN	B	0.01%
	UBSI	C	0.01%
	HCP	A	0.01%
	ALKS	D	0.01%
	GBCI	C	0.01%
	ASGN	D	0.01%
	POWI	F	0.01%
	RYN	D	0.01%
	NJR	C	0.01%
	OZK	D	0.01%
	VNO	B	0.01%
	FOUR	B	0.01%
	GFS	C	0.01%
	WMG	D	0.01%
	FLO	D	0.01%
	PII	F	0.01%
	LAZ	C	0.01%
	APLS	F	0.01%
	HAE	D	0.01%
	FCFS	F	0.01%
	ENS	B	0.01%
	HOMB	C	0.01%
	THG	C	0.01%
	ZWS	D	0.01%
	JHG	B	0.01%
	SWX	D	0.01%
	VFC	C	0.01%
	HOG	D	0.01%
	AN	D	0.01%
	POR	C	0.01%
	ESGR	B	0.01%
	S	D	0.01%
	PATH	F	0.01%
	IDA	C	0.01%
	BILL	F	0.01%
	SLM	C	0.01%
	VRNS	B	0.01%
	FNB	C	0.01%
	ACLS	B	0.01%
	DLB	D	0.01%
	UGI	C	0.01%
	CRSP	D	0.01%
	RDN	B	0.01%
	W	D	0.01%
	NE	D	0.01%
	INSP	F	0.01%
	WTM	B	0.01%
	WHR	C	0.01%
	AL	C	0.01%
	WLK	D	0.01%
	LYFT	D	0.01%
	EEFT	D	0.01%
	AVT	C	0.01%
	BC	F	0.01%
	THO	D	0.01%
	EDR	A	0.01%
	OPCH	F	0.01%
	POST	C	0.01%
	APPF	B	0.01%
	AMG	C	0.01%
	NXST	C	0.01%
	OGN	B	0.01%
	MDU	B	0.01%
	LNC	B	0.01%
	NFG	D	0.01%
	ASH	D	0.01%
	AWI	D	0.01%
	ALK	D	0.01%
	G	D	0.01%
	IOT	D	0.01%
	SEE	D	0.01%
	DBX	D	0.01%
	RYAN	B	0.01%
	HXL	F	0.01%
	VVV	B	0.01%
	SRCL	B	0.01%
	TKR	D	0.01%
	SNV	A	0.01%
	DAR	D	0.01%
	SIGI	F	0.01%
	MMS	B	0.01%
	GPS	C	0.01%
	SSB	C	0.01%
	SMAR	B	0.01%
	PB	C	0.01%
	AZPN	C	0.01%
	GXO	D	0.01%
	FYBR	B	0.01%
	SON	F	0.01%
	PCOR	D	0.01%
	RITM	D	0.01%
	XRAY	F	0.01%
	LBRDK	C	0.01%
	AXS	B	0.01%
	LPX	C	0.01%
	IONS	B	0.01%
	PCTY	F	0.01%
	VMI	B	0.01%
	MUR	D	0.01%
	FAF	D	0.01%
	RLI	D	0.01%
	AIRC	A	0.01%
	OLN	F	0.01%
	CMC	C	0.01%
	PNFP	C	0.01%
	ST	D	0.01%
	OMF	C	0.01%
	BFAM	C	0.01%
	MTG	B	0.01%
	MAT	F	0.01%
	GTLS	D	0.01%
	UHAL	D	0.01%
	VNT	D	0.01%
	MASI	C	0.01%
	SITE	F	0.01%
	STWD	C	0.01%
	WTFC	C	0.01%
	HR	B	0.01%
	ETRN	D	0.01%
	OLLI	B	0.01%
	ZION	C	0.01%
	SOFI	D	0.01%
	CHX	C	0.01%
	CIVI	D	0.01%
	RMBS	D	0.01%
	BRKR	F	0.01%
	ESNT	B	0.01%
	ADC	B	0.01%
	CFR	C	0.01%
	TKO	B	0.01%
	SAIC	D	0.01%
	CFLT	C	0.01%
	WH	C	0.01%
	MTDR	D	0.01%
	LSTR	B	0.01%
	FR	C	0.01%
	FLS	C	0.01%
	RGEN	D	0.01%
	FIVE	F	0.01%
	ESI	B	0.01%
	PLNT	B	0.01%
	BPOP	C	0.01%
	WAL	C	0.01%
	LFUS	C	0.01%
	ACHC	D	0.01%
	ROKU	D	0.01%
	AGCO	F	0.01%
	CBSH	C	0.01%
	STAG	B	0.01%
	SEIC	D	0.01%
	MTZ	C	0.01%
	AA	C	0.01%
	DTM	A	0.01%
	GME	C	0.01%
	BRX	B	0.01%
	SPSC	C	0.01%
	H	B	0.01%
	LEA	F	0.01%
	HALO	A	0.01%
	CRUS	A	0.01%
	MIDD	F	0.01%
	EXEL	B	0.01%
	BPMC	B	0.01%
	ALSN	C	0.01%
	MSA	B	0.01%
	LAD	D	0.01%
	MTN	D	0.01%
	COLD	C	0.01%
	PVH	F	0.01%
	ARW	F	0.01%
	CIEN	C	0.01%
	PEN	D	0.01%
	OGE	C	0.01%
	NOV	B	0.01%
	JAZZ	F	0.01%
	UFPI	D	0.01%
	AGNC	B	0.01%
	NXT	D	0.01%
	FCN	C	0.01%
	KEX	B	0.01%
	OSK	C	0.01%
	BERY	D	0.01%
	HLI	A	0.01%
	OWL	C	0.01%
	WBS	D	0.01%
	WCC	F	0.01%
	AFRM	F	0.01%
	SSD	F	0.01%
	CR	B	0.01%
	WSC	F	0.01%
	RIVN	C	0.01%
	VOYA	D	0.01%
	WEX	D	0.01%
	AIT	C	0.01%
	AYI	D	0.01%
	HQY	A	0.01%
	SWN	D	0.01%
	DUOL	B	0.01%
	HRB	A	0.01%
	CLF	D	0.01%
	NNN	A	0.01%
	RNAC	C	0.0%
	MURA	F	0.0%
	PARAA	D	0.0%
	NLOP	B	0.0%
	CHPT	F	0.0%
	HTZ	F	0.0%
	PLTK	F	0.0%
	UI	B	0.0%
	DNA	F	0.0%
	UHAL	D	0.0%
	TFSL	C	0.0%
	LLYVA	C	0.0%
	FG	D	0.0%
	MRVI	D	0.0%
	SEB	D	0.0%
	CWEN	C	0.0%
	LBRDA	C	0.0%
	ASAN	D	0.0%
	UWMC	C	0.0%
	INFA	B	0.0%
	BMBL	D	0.0%
	HE	F	0.0%
	APPN	D	0.0%
	KLG	F	0.0%
	FLNC	F	0.0%
	FIZZ	B	0.0%
	CNA	A	0.0%
	UA	D	0.0%
	AMC	D	0.0%
	SHLS	F	0.0%
	PTON	D	0.0%
	OPEN	F	0.0%
	JBGS	B	0.0%
	UAA	D	0.0%
	NFE	D	0.0%
	PLUG	F	0.0%
	SHC	C	0.0%
	FWONA	C	0.0%
	VSTS	D	0.0%
	LEG	F	0.0%
	TDOC	F	0.0%
	LSXMA	D	0.0%
	YOU	B	0.0%
	LLYVK	C	0.0%
	BRZE	D	0.0%
	REYN	C	0.0%
	CABO	F	0.0%
	QDEL	F	0.0%
	VYX	F	0.0%
	PPC	A	0.0%
	NVCR	D	0.0%
	JOBY	D	0.0%
	ADT	B	0.0%
	QS	F	0.0%
	NCNO	C	0.0%
	ALGM	D	0.0%
	SIRI	F	0.0%
	MP	F	0.0%
	RKT	C	0.0%
	AGL	D	0.0%
	MBLY	D	0.0%
	NATL	B	0.0%
	FOXF	D	0.0%
	SQSP	A	0.0%
	IART	C	0.0%
	CAR	F	0.0%
	MODG	D	0.0%
	SEDG	F	0.0%
	CWEN	C	0.0%
	NTLA	D	0.0%
	ENOV	D	0.0%
	TXG	F	0.0%
	MQ	D	0.0%
	PINC	F	0.0%
	RNG	D	0.0%
	VIRT	C	0.0%
	NYCB	F	0.0%
	DNB	D	0.0%
	CLVT	D	0.0%
	LEVI	C	0.0%
	LCID	F	0.0%
	DEI	C	0.0%
	BL	D	0.0%
	HHH	F	0.0%
	ZG	C	0.0%
	AVA	C	0.0%
	KSS	D	0.0%
	HELE	F	0.0%
	AGR	C	0.0%
	NWL	F	0.0%
	RCM	B	0.0%
	LXP	B	0.0%
	BOKF	C	0.0%
	ZD	C	0.0%
	BHF	D	0.0%
	ICUI	B	0.0%

IYY Underweight 1 Positions Relative to PHDG

	Symbol	Grade	Weight
	CBOE	D	-0.02%

IYY: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Software - Infrastructure Utilities - Regulated Electric Business Services Semiconductors Asset Management Diagnostics & Research Oil & Gas E&P Specialty Retail Capital Markets Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods Specialty Chemicals Information Technology Services Packaging & Containers Aerospace & Defense

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

PHDG: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Banks - Regional - US Oil & Gas E&P Aerospace & Defense Asset Management Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies Credit Services Health Care Plans Household & Personal Products Information Technology Services

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