PHDG vs. ERNZ ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to TrueShares Active Yield ETF (ERNZ)

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

$38.68

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.21

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	ERNZ
30 Days	0.66%	1.89%
60 Days	1.51%	0.06%
90 Days	1.58%	1.25%
12 Months	18.52%

29 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in ERNZ	Overlap
ABBV	D	0.32%	1.09%	0.32%
ALB	C	0.01%	0.18%	0.01%
AVGO	D	0.86%	0.95%	0.86%
CAH	B	0.03%	1.13%	0.03%
CL	D	0.08%	0.08%	0.08%
CLX	B	0.02%	0.88%	0.02%
COST	B	0.44%	0.3%	0.3%
CPB	D	0.01%	0.08%	0.01%
CTRA	B	0.02%	1.36%	0.02%
DVN	F	0.03%	0.14%	0.03%
FANG	D	0.04%	0.91%	0.04%
GILD	C	0.12%	0.87%	0.12%
GIS	D	0.04%	0.15%	0.04%
HSY	F	0.03%	0.09%	0.03%
K	A	0.02%	0.08%	0.02%
KMB	D	0.05%	0.09%	0.05%
KR	B	0.04%	1.68%	0.04%
LRCX	F	0.11%	0.49%	0.11%
MO	A	0.1%	0.12%	0.1%
MPC	D	0.06%	0.19%	0.06%
NEM	D	0.05%	0.14%	0.05%
PCAR	B	0.07%	0.1%	0.07%
PEP	F	0.24%	0.08%	0.08%
PFE	D	0.16%	0.08%	0.08%
PG	A	0.42%	0.07%	0.07%
ROL	B	0.02%	0.15%	0.02%
STLD	B	0.02%	0.32%	0.02%
TRGP	B	0.05%	0.83%	0.05%
TSCO	D	0.03%	0.14%	0.03%

PHDG Overweight 470 Positions Relative to ERNZ

Symbol	Grade	Weight
NVDA	C	3.89%
AAPL	C	3.74%
MSFT	F	3.42%
AMZN	C	2.13%
META	D	1.36%
GOOGL	C	1.11%
TSLA	B	0.93%
GOOG	C	0.92%
BRK.A	B	0.92%
JPM	A	0.74%
LLY	F	0.67%
UNH	C	0.59%
XOM	B	0.58%
V	A	0.56%
MA	C	0.46%
HD	A	0.43%
WMT	A	0.4%
NFLX	A	0.39%
JNJ	D	0.39%
CRM	B	0.35%
BAC	A	0.33%
ORCL	B	0.32%
CVX	A	0.3%
WFC	A	0.27%
MRK	F	0.27%
KO	D	0.26%
CSCO	B	0.25%
ADBE	C	0.25%
AMD	F	0.24%
ACN	C	0.24%
MCD	D	0.23%
NOW	A	0.23%
LIN	D	0.23%
ABT	B	0.22%
TMO	F	0.22%
ISRG	A	0.21%
IBM	C	0.21%
GE	D	0.21%
INTU	C	0.21%
DIS	B	0.21%
PM	B	0.21%
QCOM	F	0.2%
GS	A	0.2%
CAT	B	0.2%
TXN	C	0.2%
VZ	C	0.19%
SPGI	C	0.18%
MS	A	0.18%
CMCSA	B	0.18%
BKNG	A	0.18%
DHR	F	0.17%
AMAT	F	0.17%
LOW	D	0.17%
NEE	D	0.17%
RTX	C	0.17%
AMGN	D	0.17%
T	A	0.17%
AXP	A	0.17%
ETN	A	0.16%
BLK	C	0.16%
UBER	D	0.16%
HON	B	0.16%
PGR	A	0.16%
TJX	A	0.15%
UNP	C	0.15%
PANW	C	0.14%
BSX	B	0.14%
C	A	0.14%
BX	A	0.14%
COP	C	0.14%
SYK	C	0.14%
TMUS	B	0.13%
BMY	B	0.13%
PLTR	B	0.13%
SCHW	B	0.13%
FI	A	0.13%
ADP	B	0.13%
VRTX	F	0.13%
INTC	D	0.12%
CB	C	0.12%
MMC	B	0.12%
MU	D	0.12%
MDT	D	0.12%
SBUX	A	0.12%
LMT	D	0.12%
ANET	C	0.11%
BA	F	0.11%
DE	A	0.11%
KKR	A	0.11%
ADI	D	0.11%
PLD	D	0.11%
PH	A	0.1%
GEV	B	0.1%
ICE	C	0.1%
SHW	A	0.1%
CI	F	0.1%
AMT	D	0.1%
NKE	D	0.1%
TT	A	0.1%
ELV	F	0.1%
SO	D	0.1%
UPS	C	0.1%
ZTS	D	0.09%
MCK	B	0.09%
CRWD	B	0.09%
CME	A	0.09%
WM	A	0.09%
AON	A	0.09%
CMG	B	0.09%
MSI	B	0.09%
PNC	B	0.09%
REGN	F	0.09%
CDNS	B	0.09%
SNPS	B	0.09%
DUK	C	0.09%
EQIX	A	0.09%
KLAC	D	0.09%
APH	A	0.09%
MDLZ	F	0.09%
PYPL	B	0.09%
COF	B	0.08%
APD	A	0.08%
CEG	D	0.08%
TGT	F	0.08%
ORLY	B	0.08%
TDG	D	0.08%
MMM	D	0.08%
ITW	B	0.08%
EMR	A	0.08%
CTAS	B	0.08%
GD	F	0.08%
MCO	B	0.08%
EOG	A	0.08%
WELL	A	0.08%
USB	A	0.08%
ROP	B	0.07%
HLT	A	0.07%
SLB	C	0.07%
TFC	A	0.07%
FCX	D	0.07%
ECL	D	0.07%
CARR	D	0.07%
OKE	A	0.07%
HCA	F	0.07%
AJG	B	0.07%
GM	B	0.07%
BDX	F	0.07%
MAR	B	0.07%
FDX	B	0.07%
ADSK	A	0.07%
WMB	A	0.07%
NOC	D	0.07%
CSX	B	0.07%
CVS	D	0.07%
ALL	A	0.06%
KMI	A	0.06%
PSA	D	0.06%
GWW	B	0.06%
AZO	C	0.06%
PSX	C	0.06%
SPG	B	0.06%
DLR	B	0.06%
RCL	A	0.06%
AMP	A	0.06%
AFL	B	0.06%
URI	B	0.06%
FICO	B	0.06%
JCI	C	0.06%
NXPI	D	0.06%
BK	A	0.06%
SRE	A	0.06%
TRV	B	0.06%
ABNB	C	0.06%
NSC	B	0.06%
FTNT	C	0.06%
ODFL	B	0.05%
COR	B	0.05%
RSG	A	0.05%
BKR	B	0.05%
F	C	0.05%
PEG	A	0.05%
AXON	A	0.05%
DFS	B	0.05%
CCI	D	0.05%
VLO	C	0.05%
PCG	A	0.05%
PRU	A	0.05%
AME	A	0.05%
KVUE	A	0.05%
HWM	A	0.05%
PAYX	C	0.05%
FAST	B	0.05%
LHX	C	0.05%
D	C	0.05%
ROST	C	0.05%
VST	B	0.05%
PWR	A	0.05%
MSCI	C	0.05%
DHI	D	0.05%
FIS	C	0.05%
MET	A	0.05%
AIG	B	0.05%
O	D	0.05%
AEP	D	0.05%
CMI	A	0.05%
CPRT	A	0.05%
ROK	B	0.04%
VICI	C	0.04%
ED	D	0.04%
IRM	D	0.04%
HUM	C	0.04%
RMD	C	0.04%
OXY	D	0.04%
HIG	B	0.04%
WAB	B	0.04%
EXR	D	0.04%
DD	D	0.04%
NUE	C	0.04%
IDXX	F	0.04%
IQV	D	0.04%
MCHP	D	0.04%
MTB	A	0.04%
HPQ	B	0.04%
MLM	B	0.04%
GLW	B	0.04%
SYY	B	0.04%
VMC	B	0.04%
ACGL	D	0.04%
KDP	D	0.04%
GEHC	F	0.04%
STZ	D	0.04%
A	D	0.04%
LULU	C	0.04%
EXC	C	0.04%
CHTR	C	0.04%
XEL	A	0.04%
YUM	B	0.04%
DELL	C	0.04%
MNST	C	0.04%
EA	A	0.04%
CTVA	C	0.04%
CBRE	B	0.04%
EW	C	0.04%
OTIS	C	0.04%
CTSH	B	0.04%
HES	B	0.04%
VRSK	A	0.04%
LEN	D	0.04%
IT	C	0.04%
IR	B	0.04%
DAL	C	0.04%
CINF	A	0.03%
SBAC	D	0.03%
HUBB	B	0.03%
AEE	A	0.03%
BIIB	F	0.03%
RF	A	0.03%
CDW	F	0.03%
NTAP	C	0.03%
PPL	B	0.03%
CCL	B	0.03%
WST	C	0.03%
DTE	C	0.03%
SW	A	0.03%
EQR	B	0.03%
ADM	D	0.03%
VLTO	D	0.03%
EQT	B	0.03%
HBAN	A	0.03%
SYF	B	0.03%
AWK	D	0.03%
CPAY	A	0.03%
BRO	B	0.03%
GDDY	A	0.03%
TYL	B	0.03%
VTR	C	0.03%
MTD	D	0.03%
CHD	B	0.03%
FTV	C	0.03%
BR	A	0.03%
HAL	C	0.03%
TROW	B	0.03%
PHM	D	0.03%
KEYS	A	0.03%
DECK	A	0.03%
DOV	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
STT	A	0.03%
MPWR	F	0.03%
ON	D	0.03%
NVR	D	0.03%
PPG	F	0.03%
GPN	B	0.03%
TTWO	A	0.03%
XYL	D	0.03%
ANSS	B	0.03%
RJF	A	0.03%
DXCM	D	0.03%
UAL	A	0.03%
WEC	A	0.03%
EBAY	D	0.03%
CSGP	D	0.03%
CNC	D	0.03%
DOW	F	0.03%
ETR	B	0.03%
EIX	B	0.03%
WTW	B	0.03%
FITB	A	0.03%
NDAQ	A	0.03%
EFX	F	0.03%
AVB	B	0.03%
GRMN	B	0.03%
EPAM	C	0.02%
NDSN	B	0.02%
FFIV	B	0.02%
RVTY	F	0.02%
APTV	D	0.02%
EVRG	A	0.02%
JBL	B	0.02%
AMCR	D	0.02%
JBHT	C	0.02%
DOC	D	0.02%
VTRS	A	0.02%
L	A	0.02%
EL	F	0.02%
LNT	A	0.02%
DPZ	C	0.02%
CF	B	0.02%
VRSN	F	0.02%
ALGN	D	0.02%
EG	C	0.02%
TXT	D	0.02%
MRO	B	0.02%
AVY	D	0.02%
NI	A	0.02%
BAX	D	0.02%
GEN	B	0.02%
KIM	A	0.02%
ARE	D	0.02%
DG	F	0.02%
EXPD	D	0.02%
LVS	C	0.02%
GPC	D	0.02%
MAS	D	0.02%
TRMB	B	0.02%
TER	D	0.02%
IEX	B	0.02%
DGX	A	0.02%
PNR	A	0.02%
J	F	0.02%
KEY	B	0.02%
WRB	A	0.02%
BBY	D	0.02%
MOH	F	0.02%
HOLX	D	0.02%
ULTA	F	0.02%
TSN	B	0.02%
PODD	C	0.02%
PFG	D	0.02%
MAA	B	0.02%
BALL	D	0.02%
SNA	A	0.02%
MKC	D	0.02%
NRG	B	0.02%
FDS	B	0.02%
INVH	D	0.02%
ESS	B	0.02%
LUV	C	0.02%
CNP	B	0.02%
IP	B	0.02%
DRI	B	0.02%
LH	C	0.02%
CMS	C	0.02%
LYV	A	0.02%
ZBRA	B	0.02%
STX	D	0.02%
OMC	C	0.02%
WDC	D	0.02%
CBOE	B	0.02%
CFG	B	0.02%
FSLR	F	0.02%
FE	C	0.02%
PKG	A	0.02%
BLDR	D	0.02%
NTRS	A	0.02%
LYB	F	0.02%
STE	F	0.02%
ES	D	0.02%
WBD	C	0.02%
ZBH	C	0.02%
TDY	B	0.02%
WAT	B	0.02%
ATO	A	0.02%
WY	D	0.02%
LDOS	C	0.02%
EXPE	B	0.02%
IFF	D	0.02%
PTC	A	0.02%
FOX	A	0.01%
QRVO	F	0.01%
WBA	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%
HII	D	0.01%
BWA	D	0.01%
IVZ	B	0.01%
CE	F	0.01%
MTCH	D	0.01%
HAS	D	0.01%
APA	D	0.01%
MOS	F	0.01%
HSIC	B	0.01%
CZR	F	0.01%
RL	B	0.01%
FRT	B	0.01%
ENPH	F	0.01%
MGM	D	0.01%
WYNN	D	0.01%
AOS	F	0.01%
HRL	D	0.01%
TFX	F	0.01%
SMCI	F	0.01%
SOLV	C	0.01%
GL	B	0.01%
AES	F	0.01%
MKTX	D	0.01%
CRL	C	0.01%
ERIE	D	0.01%
LKQ	D	0.01%
PNW	B	0.01%
CTLT	B	0.01%
FOXA	B	0.01%
IPG	D	0.01%
PAYC	B	0.01%
TAP	C	0.01%
NWSA	B	0.01%
AIZ	A	0.01%
GNRC	B	0.01%
TECH	D	0.01%
LW	C	0.01%
BXP	D	0.01%
NCLH	B	0.01%
SJM	D	0.01%
EMN	D	0.01%
UHS	D	0.01%
REG	B	0.01%
DAY	B	0.01%
KMX	B	0.01%
HST	C	0.01%
ALLE	D	0.01%
INCY	C	0.01%
BG	F	0.01%
JKHY	D	0.01%
JNPR	F	0.01%
CPT	B	0.01%
CHRW	C	0.01%
CAG	D	0.01%
SWK	D	0.01%
DLTR	F	0.01%
TPR	B	0.01%
UDR	B	0.01%
AKAM	D	0.01%
SWKS	F	0.01%
MRNA	F	0.01%
POOL	C	0.01%
NWS	B	0.0%

PHDG Underweight 139 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	A	-3.68%
TCPC	C	-3.58%
FSK	A	-3.54%
OXLC	C	-3.2%
BCC	B	-3.04%
INSW	F	-2.96%
TSLX	C	-2.92%
GBDC	C	-2.92%
CRF	B	-2.91%
WSO	A	-2.78%
QYLD	B	-2.37%
KRP	B	-2.22%
GOF	A	-1.51%
NEP	F	-1.47%
ABR	C	-1.3%
DHT	F	-1.28%
PSEC	D	-1.23%
NAT	F	-1.13%
MUR	D	-1.12%
HTGC	D	-1.08%
FDUS	A	-1.06%
HRZN	F	-1.03%
SHV	A	-1.01%
GNL	F	-1.0%
BKLN	A	-0.97%
RC	D	-0.95%
CWH	B	-0.89%
DKS	C	-0.88%
XMHQ	B	-0.87%
SPTN	D	-0.8%
AOD	D	-0.77%
AGNC	D	-0.75%
ARES	A	-0.75%
TFLO	B	-0.73%
DX	B	-0.71%
ECC	D	-0.7%
ACP	C	-0.6%
USFR	A	-0.54%
DAC	B	-0.5%
VIRT	B	-0.45%
FRO	F	-0.45%
GBIL	B	-0.44%
CCOI	B	-0.42%
GFF	A	-0.4%
PDI	C	-0.4%
BIL	A	-0.39%
OVV	B	-0.38%
GSBD	F	-0.36%
DDS	B	-0.32%
FCT	A	-0.3%
SBR	B	-0.28%
CNA	B	-0.27%
ARCH	B	-0.26%
PMT	D	-0.26%
STNG	F	-0.25%
KREF	D	-0.24%
GNK	D	-0.24%
LVHI	B	-0.24%
NEAR	C	-0.23%
UNIT	B	-0.22%
BTI	B	-0.22%
PULS	A	-0.22%
RA	B	-0.21%
NMFC	D	-0.21%
BIZD	B	-0.2%
SCHO	C	-0.2%
CWEN	C	-0.19%
BXMT	C	-0.19%
BAH	F	-0.19%
SAH	A	-0.18%
APAM	B	-0.18%
WINA	B	-0.18%
FLBL	A	-0.18%
SRLN	A	-0.18%
BRSP	B	-0.17%
COKE	C	-0.17%
RAVI	A	-0.17%
ARCC	A	-0.16%
PAG	B	-0.16%
VNLA	A	-0.16%
LYTS	B	-0.15%
VRIG	A	-0.15%
ETD	C	-0.15%
BGS	F	-0.15%
ICSH	A	-0.15%
FLTR	A	-0.15%
MINT	A	-0.14%
GOGL	F	-0.14%
PBI	B	-0.13%
FLRN	A	-0.13%
FTSL	B	-0.13%
GFI	D	-0.12%
HYGV	A	-0.12%
MPW	F	-0.12%
JCPB	C	-0.12%
GOVT	D	-0.12%
OHI	C	-0.12%
CIVI	D	-0.11%
CVI	F	-0.11%
USDU	A	-0.11%
HRB	D	-0.11%
JMST	B	-0.11%
FTSM	B	-0.11%
SHY	D	-0.11%
HLI	B	-0.11%
IPAR	B	-0.11%
AMRK	F	-0.11%
FHI	A	-0.1%
VGLT	F	-0.1%
RYLD	A	-0.1%
PNNT	B	-0.1%
DEA	D	-0.1%
SQM	F	-0.1%
PTEN	C	-0.09%
MAIN	A	-0.09%
EDV	F	-0.09%
UVV	B	-0.09%
UTG	A	-0.09%
FLOT	A	-0.09%
ZROZ	F	-0.09%
JPST	A	-0.09%
XYLD	A	-0.09%
NGG	D	-0.08%
AGZD	A	-0.08%
KOF	F	-0.08%
LGOV	F	-0.08%
OLN	D	-0.08%
ASC	F	-0.08%
SJNK	A	-0.08%
LADR	B	-0.08%
WMK	C	-0.08%
JMBS	C	-0.07%
AGZ	C	-0.07%
IIPR	D	-0.07%
RDY	F	-0.06%
USA	A	-0.06%
ARI	C	-0.05%
PFLT	D	-0.04%
IEF	F	-0.04%