PHDG vs. ANEW ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to ProShares MSCI Transformational Changes ETF (ANEW)

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

$38.07

Average Daily Volume

14,069

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$45.36

Average Daily Volume

251

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	ANEW
30 Days	1.47%	4.97%
60 Days	3.51%	8.16%
90 Days	2.41%	7.58%
12 Months	24.93%	32.65%

54 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in ANEW	Overlap
AAPL	C	3.77%	2.17%	2.17%
ABBV	B	0.39%	2.29%	0.39%
ABT	C	0.23%	2.21%	0.23%
ADBE	F	0.27%	2.06%	0.27%
AKAM	D	0.02%	0.19%	0.02%
AMAT	D	0.19%	0.9%	0.19%
AMD	C	0.29%	0.39%	0.29%
AMZN	C	1.99%	1.97%	1.97%
ANSS	D	0.03%	0.54%	0.03%
AVGO	C	0.83%	1.58%	0.83%
BDX	D	0.08%	1.18%	0.08%
BKNG	B	0.16%	2.03%	0.16%
BSX	B	0.14%	2.1%	0.14%
CRM	C	0.3%	0.27%	0.27%
CRWD	D	0.07%	0.14%	0.07%
CSCO	B	0.24%	0.59%	0.24%
CTVA	B	0.05%	1.94%	0.05%
DE	A	0.12%	1.98%	0.12%
DGX	B	0.02%	0.3%	0.02%
DHR	B	0.21%	1.97%	0.21%
DXCM	F	0.03%	0.47%	0.03%
EA	D	0.04%	0.61%	0.04%
EBAY	B	0.04%	0.69%	0.04%
EQIX	B	0.09%	0.21%	0.09%
EW	F	0.05%	0.71%	0.05%
FFIV	B	0.01%	0.23%	0.01%
FMC	B	0.01%	1.11%	0.01%
GOOGL	D	1.09%	1.56%	1.09%
HPE	C	0.03%	0.19%	0.03%
HSIC	C	0.01%	0.2%	0.01%
IFF	A	0.03%	2.05%	0.03%
ISRG	C	0.2%	2.32%	0.2%
JNPR	A	0.01%	0.21%	0.01%
MA	B	0.46%	0.93%	0.46%
META	B	1.4%	2.23%	1.4%
MKC	C	0.02%	2.2%	0.02%
MRK	F	0.34%	1.74%	0.34%
MRNA	F	0.03%	0.41%	0.03%
MSFT	C	3.72%	1.96%	1.96%
NFLX	B	0.35%	2.1%	0.35%
NOW	C	0.22%	0.23%	0.22%
NTAP	D	0.03%	0.2%	0.03%
NVDA	C	3.31%	2.34%	2.34%
NXPI	D	0.07%	0.16%	0.07%
OMC	B	0.02%	0.59%	0.02%
ORCL	B	0.31%	0.57%	0.31%
PANW	D	0.12%	0.24%	0.12%
PYPL	B	0.09%	0.21%	0.09%
QCOM	D	0.22%	0.6%	0.22%
RMD	C	0.04%	0.65%	0.04%
TECH	C	0.01%	0.21%	0.01%
TTWO	D	0.03%	0.56%	0.03%
V	C	0.51%	1.02%	0.51%
WST	D	0.03%	0.38%	0.03%

PHDG Overweight 442 Positions Relative to ANEW

Symbol	Grade	Weight
BRK.A	C	0.95%
GOOG	D	0.91%
LLY	D	0.83%
TSLA	C	0.77%
JPM	D	0.69%
UNH	C	0.61%
XOM	D	0.59%
COST	C	0.46%
PG	C	0.46%
JNJ	C	0.45%
HD	B	0.44%
WMT	B	0.38%
BAC	D	0.32%
KO	B	0.31%
CVX	F	0.28%
TMO	B	0.27%
PEP	D	0.27%
LIN	B	0.26%
ACN	C	0.24%
MCD	B	0.24%
GE	C	0.23%
TXN	B	0.22%
WFC	D	0.22%
IBM	B	0.22%
AMGN	D	0.21%
CAT	B	0.21%
INTU	D	0.21%
VZ	A	0.21%
PM	C	0.21%
GS	B	0.19%
SPGI	C	0.19%
PFE	D	0.19%
NEE	B	0.19%
DIS	D	0.19%
UBER	C	0.18%
CMCSA	C	0.18%
RTX	B	0.18%
LOW	B	0.17%
PGR	C	0.17%
UNP	D	0.17%
AXP	B	0.17%
T	B	0.17%
COP	F	0.15%
BLK	B	0.15%
ETN	C	0.15%
HON	C	0.15%
TJX	C	0.15%
MDT	B	0.14%
PLD	C	0.14%
C	C	0.14%
LMT	A	0.14%
REGN	D	0.14%
VRTX	D	0.14%
SYK	C	0.14%
ELV	D	0.14%
MS	B	0.14%
SBUX	C	0.13%
MMC	C	0.13%
ADP	C	0.13%
BX	C	0.13%
ADI	C	0.13%
CB	B	0.13%
CI	C	0.12%
TMUS	B	0.12%
LRCX	D	0.12%
KLAC	D	0.12%
GILD	B	0.12%
AMT	C	0.12%
ANET	C	0.11%
UPS	D	0.11%
SCHW	D	0.11%
SO	B	0.11%
NKE	D	0.11%
MU	D	0.11%
BMY	C	0.11%
MDLZ	C	0.11%
CL	C	0.1%
MO	C	0.1%
TT	B	0.1%
ZTS	B	0.1%
KKR	B	0.1%
SHW	B	0.1%
DUK	B	0.1%
BA	F	0.1%
INTC	D	0.1%
ICE	C	0.1%
PNC	C	0.09%
WM	D	0.09%
WELL	C	0.09%
AON	B	0.09%
CDNS	D	0.09%
MCO	C	0.09%
CME	B	0.09%
TDG	B	0.09%
HCA	B	0.09%
APH	C	0.09%
SNPS	F	0.09%
CMG	D	0.09%
PH	B	0.09%
CEG	C	0.08%
ORLY	B	0.08%
MCK	F	0.08%
GEV	B	0.08%
CARR	B	0.08%
FDX	D	0.08%
CSX	C	0.08%
GD	C	0.08%
ITW	B	0.08%
CTAS	C	0.08%
EOG	D	0.08%
TGT	C	0.08%
USB	C	0.08%
NOC	B	0.08%
MSI	B	0.08%
CVS	D	0.08%
MMM	B	0.08%
TFC	D	0.07%
ADSK	B	0.07%
DHI	C	0.07%
COF	B	0.07%
MAR	B	0.07%
MPC	F	0.07%
ROP	C	0.07%
EMR	D	0.07%
SLB	F	0.07%
AJG	D	0.07%
NEM	C	0.07%
ECL	B	0.07%
APD	B	0.07%
FCX	C	0.07%
D	C	0.06%
MET	B	0.06%
AIG	D	0.06%
JCI	B	0.06%
CCI	C	0.06%
ALL	C	0.06%
DLR	B	0.06%
ROST	C	0.06%
PCAR	D	0.06%
SRE	B	0.06%
O	B	0.06%
URI	B	0.06%
AZO	B	0.06%
BK	B	0.06%
AEP	C	0.06%
TRV	C	0.06%
SPG	B	0.06%
OKE	C	0.06%
WMB	C	0.06%
GM	C	0.06%
AFL	A	0.06%
PSX	F	0.06%
HLT	B	0.06%
PSA	C	0.06%
ABNB	D	0.06%
NSC	C	0.06%
AME	C	0.05%
IT	C	0.05%
STZ	C	0.05%
CNC	D	0.05%
RCL	B	0.05%
FAST	C	0.05%
RSG	D	0.05%
PEG	B	0.05%
A	C	0.05%
ACGL	B	0.05%
KMI	C	0.05%
PCG	C	0.05%
CMI	B	0.05%
GIS	B	0.05%
PWR	B	0.05%
MCHP	D	0.05%
IDXX	D	0.05%
PAYX	C	0.05%
F	F	0.05%
LHX	C	0.05%
PRU	C	0.05%
KVUE	B	0.05%
MSCI	C	0.05%
MPWR	B	0.05%
IQV	D	0.05%
GWW	B	0.05%
VLO	F	0.05%
CPRT	D	0.05%
TEL	D	0.05%
AMP	B	0.05%
FIS	C	0.05%
LEN	B	0.05%
KMB	C	0.05%
FICO	B	0.05%
FTNT	B	0.05%
CDW	D	0.04%
NDAQ	C	0.04%
ADM	D	0.04%
LULU	D	0.04%
MTD	C	0.04%
WAB	B	0.04%
ON	D	0.04%
EIX	B	0.04%
FANG	F	0.04%
CSGP	D	0.04%
CHTR	D	0.04%
AVB	C	0.04%
XYL	C	0.04%
IRM	C	0.04%
VMC	C	0.04%
MLM	D	0.04%
TRGP	C	0.04%
VICI	C	0.04%
GLW	B	0.04%
HIG	B	0.04%
DD	B	0.04%
OXY	F	0.04%
ED	B	0.04%
XEL	B	0.04%
NUE	D	0.04%
DFS	C	0.04%
BKR	C	0.04%
ODFL	D	0.04%
KR	B	0.04%
MNST	D	0.04%
HES	F	0.04%
SYY	C	0.04%
YUM	B	0.04%
CBRE	B	0.04%
DOW	C	0.04%
EFX	C	0.04%
CTSH	B	0.04%
HUM	F	0.04%
HWM	B	0.04%
VRSK	D	0.04%
EXR	C	0.04%
GEHC	B	0.04%
OTIS	B	0.04%
KDP	B	0.04%
EXC	B	0.04%
IR	B	0.04%
ZBH	F	0.03%
CPAY	B	0.03%
SMCI	F	0.03%
AEE	B	0.03%
FE	B	0.03%
GDDY	C	0.03%
HUBB	B	0.03%
RJF	C	0.03%
PPL	A	0.03%
DECK	C	0.03%
STE	B	0.03%
ES	B	0.03%
BRO	C	0.03%
VLTO	B	0.03%
WY	C	0.03%
BLDR	C	0.03%
BR	C	0.03%
TROW	C	0.03%
LYB	D	0.03%
TYL	C	0.03%
CHD	C	0.03%
VTR	C	0.03%
SW	B	0.03%
DTE	A	0.03%
SBAC	C	0.03%
FSLR	C	0.03%
DVN	F	0.03%
HAL	F	0.03%
DOV	B	0.03%
GRMN	D	0.03%
EQR	C	0.03%
STT	B	0.03%
CAH	C	0.03%
KEYS	B	0.03%
FTV	C	0.03%
ETR	A	0.03%
AXON	B	0.03%
KHC	C	0.03%
NVR	B	0.03%
GPN	D	0.03%
HSY	D	0.03%
AWK	C	0.03%
BIIB	F	0.03%
TSCO	B	0.03%
WTW	B	0.03%
WEC	B	0.03%
FITB	B	0.03%
MTB	C	0.03%
HPQ	C	0.03%
VST	B	0.03%
DAL	C	0.03%
PPG	C	0.03%
PHM	B	0.03%
ROK	D	0.03%
JBL	C	0.02%
AES	C	0.02%
CPT	C	0.02%
UDR	C	0.02%
EVRG	B	0.02%
ROL	C	0.02%
NDSN	C	0.02%
VTRS	D	0.02%
UHS	C	0.02%
BG	F	0.02%
JBHT	D	0.02%
POOL	C	0.02%
L	D	0.02%
DPZ	D	0.02%
TRMB	C	0.02%
LYV	A	0.02%
SNA	B	0.02%
NI	B	0.02%
CF	B	0.02%
DLTR	F	0.02%
LNT	A	0.02%
LVS	C	0.02%
DOC	B	0.02%
CAG	B	0.02%
KIM	C	0.02%
MRO	D	0.02%
VRSN	C	0.02%
PNR	B	0.02%
IEX	C	0.02%
SWKS	F	0.02%
ENPH	D	0.02%
AMCR	B	0.02%
KEY	C	0.02%
SWK	B	0.02%
PODD	C	0.02%
EG	B	0.02%
TXT	D	0.02%
NRG	B	0.02%
UAL	B	0.02%
LUV	C	0.02%
IP	C	0.02%
AVY	C	0.02%
WRB	D	0.02%
CTRA	F	0.02%
TSN	D	0.02%
STLD	C	0.02%
EXPD	B	0.02%
FDS	C	0.02%
ALGN	D	0.02%
CNP	C	0.02%
EXPE	C	0.02%
MAS	B	0.02%
PFG	B	0.02%
J	A	0.02%
ZBRA	B	0.02%
WBD	D	0.02%
BBY	A	0.02%
NTRS	C	0.02%
CCL	C	0.02%
DG	F	0.02%
PKG	B	0.02%
APTV	D	0.02%
CFG	D	0.02%
ARE	C	0.02%
HOLX	D	0.02%
MAA	C	0.02%
ULTA	D	0.02%
GPC	D	0.02%
BAX	C	0.02%
WAT	B	0.02%
CLX	C	0.02%
ESS	C	0.02%
STX	B	0.02%
EL	D	0.02%
MOH	D	0.02%
SYF	C	0.02%
DRI	C	0.02%
ATO	B	0.02%
EQT	C	0.02%
TDY	B	0.02%
CMS	B	0.02%
INVH	D	0.02%
BALL	C	0.02%
TER	C	0.02%
LDOS	A	0.02%
K	A	0.02%
CINF	C	0.02%
RF	B	0.02%
PTC	C	0.02%
WDC	C	0.02%
HBAN	B	0.02%
CBOE	C	0.02%
FOX	B	0.01%
PARA	D	0.01%
BEN	F	0.01%
ETSY	D	0.01%
WBA	F	0.01%
BBWI	D	0.01%
BIO	C	0.01%
RL	B	0.01%
AAL	D	0.01%
WYNN	C	0.01%
BWA	C	0.01%
IVZ	B	0.01%
PAYC	D	0.01%
MHK	B	0.01%
DVA	B	0.01%
FRT	C	0.01%
MOS	F	0.01%
NCLH	B	0.01%
GNRC	D	0.01%
CZR	C	0.01%
GL	D	0.01%
APA	F	0.01%
HRL	F	0.01%
FOXA	B	0.01%
HAS	B	0.01%
DAY	D	0.01%
MGM	D	0.01%
LW	D	0.01%
MTCH	C	0.01%
TPR	A	0.01%
MKTX	D	0.01%
QRVO	F	0.01%
SOLV	D	0.01%
CPB	C	0.01%
TAP	D	0.01%
NWSA	D	0.01%
AIZ	B	0.01%
PNW	C	0.01%
AOS	B	0.01%
ALB	D	0.01%
HII	F	0.01%
INCY	C	0.01%
CRL	F	0.01%
LKQ	F	0.01%
CTLT	B	0.01%
EPAM	F	0.01%
TFX	B	0.01%
REG	C	0.01%
BXP	C	0.01%
IPG	C	0.01%
CHRW	B	0.01%
KMX	D	0.01%
ALLE	B	0.01%
SJM	C	0.01%
EMN	B	0.01%
JKHY	B	0.01%
HST	D	0.01%
CE	D	0.01%
NWS	D	0.0%

PHDG Underweight 70 Positions Relative to ANEW

Symbol	Grade	Weight
DASH	B	-2.22%
BABA	B	-1.9%
CNH	C	-0.95%
SFM	B	-0.95%
AGCO	D	-0.83%
SE	B	-0.61%
ZD	D	-0.51%
DKNG	C	-0.5%
NEOG	D	-0.49%
TCOM	B	-0.46%
SMPL	D	-0.45%
SMG	B	-0.4%
SXT	B	-0.39%
PINS	D	-0.39%
ILMN	D	-0.36%
SNAP	D	-0.33%
DOCS	B	-0.29%
RARE	C	-0.29%
INSP	D	-0.28%
NTRA	C	-0.26%
CVLT	B	-0.25%
PRCT	C	-0.24%
ACHC	D	-0.24%
VRNS	B	-0.23%
TMDX	C	-0.23%
SMAR	A	-0.23%
BOX	C	-0.23%
CHKP	B	-0.23%
GH	F	-0.22%
CCOI	C	-0.22%
TWST	D	-0.22%
QTWO	C	-0.22%
CYBR	B	-0.21%
QGEN	C	-0.21%
NOVT	D	-0.21%
GMED	D	-0.21%
BLKB	C	-0.2%
NET	D	-0.2%
HOOD	C	-0.2%
DT	C	-0.2%
CRSP	F	-0.19%
ALTR	C	-0.19%
PRFT	B	-0.19%
KTOS	B	-0.19%
DBX	C	-0.19%
SMTC	C	-0.19%
TNDM	D	-0.18%
IDYA	F	-0.18%
WDAY	D	-0.18%
BL	D	-0.18%
MEDP	F	-0.18%
AI	F	-0.17%
IRDM	C	-0.17%
TENB	F	-0.17%
DOCU	C	-0.17%
ENOV	F	-0.17%
PCTY	D	-0.17%
EEFT	F	-0.16%
SLAB	D	-0.16%
NTNX	D	-0.15%
MSTR	C	-0.15%
CGNX	F	-0.15%
PCOR	D	-0.15%
SYNA	D	-0.15%
OKTA	F	-0.14%
MARA	D	-0.14%
COIN	F	-0.13%
RIOT	F	-0.12%
FIVN	F	-0.1%
CLSK	F	-0.09%