MODL vs. PHEQ ETF Comparison

Comparison of VictoryShares WestEnd U.S. Sector ETF (MODL) to Parametric Hedged Equity ETF (PHEQ)

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.69

Average Daily Volume

26,960

Number of Holdings ^*

316

* 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

$29.43

Average Daily Volume

19,384

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	MODL	PHEQ
30 Days	1.64%	1.55%
60 Days	3.74%	2.60%
90 Days	5.46%	3.63%
12 Months	30.17%	16.36%

127 Overlapping Holdings

Symbol	Grade	Weight in MODL	Weight in PHEQ	Overlap
AAPL	C	4.85%	6.85%	4.85%
ABBV	F	1.05%	0.85%	0.85%
ABNB	C	0.11%	0.15%	0.11%
ABT	B	0.72%	0.6%	0.6%
ADBE	C	0.42%	0.48%	0.42%
AKAM	D	0.02%	0.16%	0.02%
ALGN	D	0.06%	0.06%	0.06%
ALNY	D	0.11%	0.13%	0.11%
AMD	F	0.32%	0.51%	0.32%
AMGN	F	0.54%	0.45%	0.45%
AMZN	C	3.64%	4.1%	3.64%
APO	B	0.18%	0.3%	0.18%
APTV	F	0.03%	0.14%	0.03%
ARES	A	0.18%	0.25%	0.18%
AVGO	D	1.06%	1.71%	1.06%
AVTR	F	0.05%	0.06%	0.05%
AXP	A	0.56%	0.57%	0.56%
BAC	A	1.02%	0.98%	0.98%
BKNG	A	0.32%	0.39%	0.32%
BMY	B	0.41%	0.48%	0.41%
BRK.A	B	0.65%	1.42%	0.65%
BRK.A	B	1.72%	1.42%	1.42%
BRO	B	0.07%	0.31%	0.07%
BSY	F	0.01%	0.04%	0.01%
CFG	B	0.06%	0.26%	0.06%
COIN	C	0.37%	0.12%	0.12%
COR	B	0.15%	0.3%	0.15%
COST	A	1.6%	1.07%	1.07%
CRM	B	0.54%	0.63%	0.54%
CRWD	B	0.16%	0.17%	0.16%
CSCO	B	0.31%	0.79%	0.31%
DASH	B	0.1%	0.13%	0.1%
DDOG	A	0.07%	0.13%	0.07%
DELL	B	0.05%	0.14%	0.05%
DIS	B	0.43%	0.57%	0.43%
DKNG	B	0.04%	0.07%	0.04%
DRI	B	0.04%	0.3%	0.04%
ENPH	F	0.01%	0.03%	0.01%
FCNCA	A	0.06%	0.13%	0.06%
GLW	B	0.05%	0.25%	0.05%
GOOG	C	1.97%	1.9%	1.9%
GOOGL	C	2.21%	2.28%	2.21%
HBAN	A	0.07%	0.31%	0.07%
HD	B	0.8%	1.15%	0.8%
HIG	B	0.1%	0.33%	0.1%
HUBS	A	0.07%	0.14%	0.07%
IBM	C	0.26%	0.56%	0.26%
ILMN	C	0.08%	0.05%	0.05%
ISRG	A	0.69%	0.58%	0.58%
JNJ	C	1.33%	1.04%	1.04%
JPM	A	1.89%	1.73%	1.73%
K	A	0.08%	0.34%	0.08%
KKR	A	0.59%	0.46%	0.46%
KLAC	F	0.12%	0.34%	0.12%
KMB	C	0.17%	0.33%	0.17%
KO	D	0.92%	0.77%	0.77%
L	A	0.04%	0.24%	0.04%
LH	B	0.07%	0.31%	0.07%
LLY	F	2.3%	1.39%	1.39%
LOW	C	0.3%	0.57%	0.3%
LPLA	A	0.13%	0.05%	0.05%
LRCX	F	0.13%	0.29%	0.13%
LULU	C	0.06%	0.21%	0.06%
MA	B	1.21%	1.14%	1.14%
MDT	D	0.4%	0.51%	0.4%
META	D	2.64%	2.66%	2.64%
MGM	D	0.02%	0.13%	0.02%
MKL	A	0.06%	0.23%	0.06%
MOH	F	0.06%	0.14%	0.06%
MRK	D	0.88%	0.69%	0.69%
MRNA	F	0.05%	0.01%	0.01%
MRVL	B	0.11%	0.25%	0.11%
MS	A	0.94%	0.39%	0.39%
MSFT	D	5.77%	6.55%	5.77%
MSTR	B	0.12%	0.2%	0.12%
MU	D	0.15%	0.31%	0.15%
NDAQ	A	0.15%	0.24%	0.15%
NET	B	0.04%	0.07%	0.04%
NFLX	A	0.77%	0.8%	0.77%
NOW	A	0.37%	0.61%	0.37%
NVDA	B	4.61%	7.12%	4.61%
OKTA	C	0.02%	0.04%	0.02%
ON	D	0.04%	0.14%	0.04%
ORCL	A	0.53%	0.73%	0.53%
PANW	B	0.22%	0.3%	0.22%
PEP	F	0.76%	0.72%	0.72%
PFG	D	0.06%	0.2%	0.06%
PG	C	1.54%	1.09%	1.09%
PHM	D	0.05%	0.3%	0.05%
PINS	F	0.04%	0.03%	0.03%
PLTR	B	0.19%	0.36%	0.19%
PRU	A	0.13%	0.37%	0.13%
PYPL	B	0.24%	0.28%	0.24%
QCOM	F	0.25%	0.33%	0.25%
RBLX	C	0.05%	0.12%	0.05%
REGN	F	0.3%	0.21%	0.21%
RMD	C	0.13%	0.24%	0.13%
ROST	D	0.09%	0.32%	0.09%
RPRX	D	0.04%	0.04%	0.04%
SCHW	B	0.76%	0.35%	0.35%
SNAP	D	0.02%	0.05%	0.02%
SNOW	B	0.06%	0.06%	0.06%
SQ	A	0.14%	0.12%	0.12%
SYF	B	0.07%	0.27%	0.07%
T	A	0.34%	0.68%	0.34%
TEAM	A	0.06%	0.06%	0.06%
TMO	F	0.69%	0.59%	0.59%
TMUS	B	0.24%	0.51%	0.24%
TRV	B	0.17%	0.39%	0.17%
TSLA	B	1.86%	1.91%	1.86%
TTD	B	0.11%	0.18%	0.11%
TXN	C	0.26%	0.59%	0.26%
ULTA	F	0.03%	0.23%	0.03%
UNH	B	1.99%	1.37%	1.37%
V	A	1.47%	1.28%	1.28%
VEEV	C	0.12%	0.1%	0.1%
VRTX	D	0.44%	0.36%	0.36%
WBD	B	0.05%	0.18%	0.05%
WDAY	B	0.1%	0.13%	0.1%
WFC	A	0.69%	0.67%	0.67%
WMT	A	1.32%	0.96%	0.96%
WRB	A	0.05%	0.21%	0.05%
WSM	C	0.03%	0.02%	0.02%
YUM	D	0.07%	0.33%	0.07%
ZBH	C	0.08%	0.14%	0.08%
ZM	C	0.03%	0.18%	0.03%
ZS	B	0.03%	0.08%	0.03%

MODL Overweight 189 Positions Relative to PHEQ

Symbol	Grade	Weight
GS	A	1.05%
SPGI	C	0.93%
BLK	B	0.9%
BX	A	0.76%
PM	B	0.66%
DHR	F	0.54%
ICE	C	0.52%
PFE	F	0.51%
SYK	B	0.5%
MCO	B	0.5%
CME	B	0.48%
BSX	A	0.48%
GILD	C	0.42%
PGR	A	0.42%
MCD	D	0.4%
C	A	0.37%
VZ	C	0.37%
INTU	B	0.35%
FI	A	0.34%
CMCSA	B	0.34%
MO	A	0.33%
CB	C	0.33%
ELV	F	0.33%
BK	A	0.33%
MCK	A	0.32%
CI	D	0.32%
ACN	B	0.31%
AMP	A	0.31%
MMC	B	0.31%
ZTS	D	0.29%
CL	D	0.28%
MDLZ	F	0.27%
TGT	F	0.27%
TJX	A	0.26%
MSCI	C	0.26%
CVS	D	0.24%
AON	A	0.23%
PNC	B	0.23%
HCA	F	0.23%
USB	A	0.22%
BDX	F	0.22%
SBUX	A	0.21%
AMAT	F	0.2%
COF	C	0.19%
AJG	A	0.18%
NKE	F	0.17%
RJF	A	0.17%
TFC	A	0.17%
AFL	B	0.16%
STT	B	0.16%
KVUE	A	0.16%
TROW	B	0.15%
EW	C	0.15%
ALL	A	0.15%
CDNS	B	0.15%
INTC	C	0.15%
CMG	B	0.15%
SNPS	B	0.15%
MET	A	0.14%
FIS	C	0.14%
AIG	B	0.14%
KR	B	0.14%
ADI	D	0.14%
MNST	C	0.14%
STZ	D	0.14%
IDXX	F	0.13%
HLT	A	0.13%
MAR	A	0.13%
GEHC	D	0.13%
KHC	F	0.13%
SYY	D	0.13%
ORLY	B	0.13%
ANET	C	0.13%
A	D	0.13%
HUM	C	0.12%
APH	A	0.12%
DFS	B	0.12%
GIS	D	0.12%
GM	C	0.12%
IQV	F	0.12%
APP	B	0.12%
NTRS	A	0.12%
CBOE	C	0.12%
FDS	B	0.11%
CAH	B	0.11%
DXCM	C	0.11%
ROP	B	0.11%
CNC	D	0.11%
KDP	F	0.11%
MSI	B	0.11%
ADSK	A	0.11%
FICO	B	0.1%
MTB	A	0.1%
ACGL	C	0.1%
ADM	D	0.1%
AZO	C	0.1%
RCL	A	0.1%
FTNT	C	0.1%
CHD	A	0.1%
HSY	F	0.09%
FITB	B	0.09%
DHI	F	0.09%
MTD	F	0.09%
WTW	B	0.09%
CHTR	C	0.08%
WAT	C	0.08%
LEN	D	0.08%
WST	C	0.08%
CLX	A	0.08%
GPN	B	0.08%
F	C	0.08%
BIIB	F	0.08%
EA	A	0.08%
CINF	A	0.07%
DGX	A	0.07%
RF	A	0.07%
PODD	C	0.07%
TTWO	A	0.07%
CPAY	A	0.07%
DG	F	0.07%
STE	D	0.07%
DLTR	F	0.06%
ANSS	B	0.06%
TSCO	D	0.06%
LW	C	0.06%
EBAY	D	0.06%
BAX	F	0.06%
TSN	B	0.06%
GRMN	B	0.06%
EL	F	0.06%
VTRS	A	0.06%
MKC	C	0.06%
HOLX	D	0.06%
TYL	B	0.05%
CCL	A	0.05%
MCHP	F	0.05%
RVTY	F	0.05%
HPQ	B	0.05%
NVR	D	0.05%
DECK	A	0.05%
CTSH	B	0.05%
INCY	C	0.05%
IT	C	0.05%
JKHY	D	0.04%
BEN	C	0.04%
GDDY	A	0.04%
KEYS	A	0.04%
LVS	B	0.04%
MPWR	F	0.04%
HPE	B	0.04%
PTC	B	0.04%
OMC	C	0.04%
LYV	A	0.04%
BMRN	F	0.04%
EXPE	B	0.04%
POOL	C	0.03%
DT	D	0.03%
ZBRA	B	0.03%
FSLR	F	0.03%
STX	C	0.03%
MDB	B	0.03%
HRL	D	0.03%
TDY	B	0.03%
DPZ	C	0.03%
WDC	D	0.03%
CDW	F	0.03%
GPC	D	0.03%
NTAP	C	0.03%
BBY	D	0.03%
EG	C	0.03%
SMCI	F	0.02%
CELH	F	0.02%
SWKS	F	0.02%
JBL	C	0.02%
CRBG	B	0.02%
FOXA	A	0.02%
PSTG	D	0.02%
ENTG	D	0.02%
IPG	D	0.02%
GEN	B	0.02%
WBA	F	0.02%
TRMB	B	0.02%
TER	F	0.02%
VRSN	C	0.02%
MANH	D	0.01%
NTNX	B	0.01%
FOX	A	0.01%
LEN	D	0.0%
IOT	A	0.0%

MODL Underweight 77 Positions Relative to PHEQ

Symbol	Grade	Weight
XOM	B	-1.4%
CVX	A	-0.84%
LIN	C	-0.67%
LMT	D	-0.58%
CAT	B	-0.55%
UNP	C	-0.52%
TRGP	A	-0.46%
DE	B	-0.44%
WM	B	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
DAL	B	-0.39%
HWM	A	-0.36%
AVB	B	-0.35%
PPL	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
OTIS	C	-0.33%
EQR	C	-0.32%
EXR	C	-0.32%
BA	F	-0.32%
CMS	C	-0.31%
DTE	C	-0.31%
AEE	A	-0.3%
UBER	F	-0.29%
DOC	C	-0.29%
CNP	A	-0.28%
AME	A	-0.28%
MAA	B	-0.27%
MELI	C	-0.25%
LII	A	-0.25%
MRO	B	-0.24%
FE	C	-0.24%
URI	C	-0.24%
JBHT	C	-0.24%
FANG	C	-0.24%
NEM	D	-0.23%
EXPD	C	-0.23%
LNG	A	-0.22%
LYB	F	-0.22%
HEI	A	-0.22%
SSNC	B	-0.21%
ARE	F	-0.21%
AMCR	C	-0.21%
ESS	B	-0.19%
SPOT	B	-0.19%
PPG	F	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CAG	F	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
HAL	C	-0.16%
NDSN	B	-0.14%
HEI	A	-0.14%
HUBB	B	-0.13%
BAH	F	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
SUI	C	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
SCCO	F	-0.07%
AGR	A	-0.07%
YUMC	C	-0.07%
CE	F	-0.05%
OWL	A	-0.05%
WLK	D	-0.04%
CPNG	D	-0.03%
SIRI	C	-0.03%
RKT	F	-0.03%
WMG	D	-0.02%