MTUM vs. PHEQ ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to Parametric Hedged Equity ETF (PHEQ)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$214.91

Average Daily Volume

840,198

Number of Holdings ^*

124

* 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	MTUM	PHEQ
30 Days	3.53%	1.99%
60 Days	6.25%	3.02%
90 Days	8.85%	3.86%
12 Months	43.02%	16.61%

48 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in PHEQ	Overlap
ALNY	D	0.3%	0.13%	0.13%
AMCR	D	0.08%	0.21%	0.08%
AVB	B	0.29%	0.35%	0.29%
AVGO	D	4.72%	1.71%	1.71%
AXP	A	1.53%	0.57%	0.57%
BRO	B	0.27%	0.31%	0.27%
CFG	B	0.11%	0.26%	0.11%
COST	B	3.63%	1.07%	1.07%
CSL	C	0.23%	0.18%	0.18%
CTAS	B	0.91%	0.42%	0.42%
DELL	C	0.49%	0.14%	0.14%
DOC	D	0.08%	0.29%	0.08%
DOV	A	0.22%	0.33%	0.22%
EQR	B	0.17%	0.32%	0.17%
ESS	B	0.15%	0.19%	0.15%
HEI	B	0.12%	0.22%	0.12%
HEI	B	0.16%	0.14%	0.14%
HEI	B	0.12%	0.14%	0.12%
HEI	B	0.16%	0.22%	0.16%
HIG	B	0.46%	0.33%	0.33%
HWM	A	0.73%	0.36%	0.36%
IFF	D	0.16%	0.16%	0.16%
ISRG	A	1.54%	0.58%	0.58%
JPM	A	5.48%	1.73%	1.73%
K	A	0.29%	0.34%	0.29%
KKR	A	1.3%	0.46%	0.46%
KLAC	D	0.8%	0.34%	0.34%
KO	D	2.71%	0.77%	0.77%
LII	A	0.24%	0.25%	0.24%
LLY	F	3.82%	1.39%	1.39%
LMT	D	1.37%	0.58%	0.58%
LNT	A	0.05%	0.33%	0.05%
MAA	B	0.12%	0.27%	0.12%
MMM	D	1.21%	0.44%	0.44%
MSTR	C	0.89%	0.2%	0.2%
NDAQ	A	0.28%	0.24%	0.24%
NEM	D	0.79%	0.23%	0.23%
NVDA	C	5.34%	7.12%	5.34%
PHM	D	0.31%	0.3%	0.3%
PLTR	B	1.02%	0.36%	0.36%
RMD	C	0.29%	0.24%	0.24%
RSG	A	0.36%	0.34%	0.34%
SYF	B	0.22%	0.27%	0.22%
TRGP	B	0.61%	0.46%	0.46%
TXN	C	1.86%	0.59%	0.59%
VRT	B	0.63%	0.1%	0.1%
VRTX	F	0.95%	0.36%	0.36%
WMT	A	4.93%	0.96%	0.96%

MTUM Overweight 78 Positions Relative to PHEQ

Symbol	Grade	Weight
GE	D	2.96%
PM	B	2.93%
NEE	D	2.24%
RTX	C	2.19%
GS	A	2.0%
PGR	A	1.88%
BSX	B	1.25%
MO	A	1.19%
ANET	C	1.17%
SO	D	1.15%
TT	A	1.13%
CEG	D	1.12%
TJX	A	1.09%
C	A	1.08%
MSI	B	1.0%
APH	A	0.97%
FI	A	0.9%
CB	C	0.9%
DUK	C	0.88%
WELL	A	0.84%
VST	B	0.82%
CL	D	0.79%
AFL	B	0.78%
APP	B	0.74%
ICE	C	0.72%
TDG	D	0.7%
MCO	B	0.7%
WMB	A	0.63%
FICO	B	0.6%
AJG	B	0.59%
PEG	A	0.5%
BK	A	0.48%
IRM	D	0.48%
PWR	A	0.43%
GRMN	B	0.42%
ALL	A	0.41%
AEP	D	0.4%
EME	C	0.38%
DFS	B	0.38%
DHI	D	0.37%
ACGL	D	0.35%
CBRE	B	0.34%
GDDY	A	0.34%
TPL	A	0.33%
WAB	B	0.33%
AXON	A	0.32%
VTR	C	0.31%
NTAP	C	0.31%
VLTO	D	0.31%
KDP	D	0.3%
LEN	D	0.28%
NRG	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
FITB	A	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
TYL	B	0.23%
NVR	D	0.23%
SW	A	0.22%
PKG	A	0.16%
IP	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
UHS	D	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
FNF	B	0.08%
FOXA	B	0.07%
CPT	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
CHRW	C	0.06%
ALLY	C	0.06%
UDR	B	0.05%
EQH	B	0.03%

MTUM Underweight 157 Positions Relative to PHEQ

Symbol	Grade	Weight
AAPL	C	-6.85%
MSFT	F	-6.55%
AMZN	C	-4.1%
META	D	-2.66%
GOOGL	C	-2.28%
TSLA	B	-1.91%
GOOG	C	-1.9%
BRK.A	B	-1.42%
XOM	B	-1.4%
UNH	C	-1.37%
V	A	-1.28%
HD	A	-1.15%
MA	C	-1.14%
PG	A	-1.09%
JNJ	D	-1.04%
BAC	A	-0.98%
ABBV	D	-0.85%
CVX	A	-0.84%
NFLX	A	-0.8%
CSCO	B	-0.79%
ORCL	B	-0.73%
PEP	F	-0.72%
MRK	F	-0.69%
T	A	-0.68%
WFC	A	-0.67%
LIN	D	-0.67%
CRM	B	-0.63%
NOW	A	-0.61%
ABT	B	-0.6%
TMO	F	-0.59%
DIS	B	-0.57%
LOW	D	-0.57%
IBM	C	-0.56%
CAT	B	-0.55%
UNP	C	-0.52%
AMD	F	-0.51%
MDT	D	-0.51%
TMUS	B	-0.51%
BMY	B	-0.48%
ADBE	C	-0.48%
AMGN	D	-0.45%
DE	A	-0.44%
WM	A	-0.44%
ETR	B	-0.4%
TRV	B	-0.39%
DAL	C	-0.39%
MS	A	-0.39%
BKNG	A	-0.39%
PRU	A	-0.37%
SCHW	B	-0.35%
PPL	B	-0.34%
YUM	B	-0.33%
QCOM	F	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
EXR	D	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-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%
APO	B	-0.3%
UBER	D	-0.29%
LRCX	F	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
MRVL	B	-0.25%
MELI	D	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
ARE	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CRWD	B	-0.17%
CAG	D	-0.17%
DVN	F	-0.17%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	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%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VEEV	C	-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%
SCCO	F	-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%