PHDG vs. SKOR ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

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

$38.29

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

SKOR

FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR Description

The investment seeks the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM. The fund generally will invest at least 80% of its total assets in the securities of its underlying index. The index reflects the performance of a portfolio of US-dollar denominated bonds of companies that are considered by the index Provider to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust US Investment-Grade Corporate Bond IndexSM. The fund is non-diversified

Grade (RS Rating)

Last Trade

$48.00

Average Daily Volume

46,485

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	SKOR
30 Days	-1.45%	-0.47%
60 Days	1.30%	-1.65%
90 Days	1.18%	-0.49%
12 Months	18.05%	7.15%

228 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in SKOR	Overlap
A	D	0.04%	0.07%	0.04%
AAPL	C	3.74%	0.09%	0.09%
ABBV	F	0.32%	0.08%	0.08%
ADBE	C	0.25%	0.09%	0.09%
ADI	D	0.11%	0.15%	0.11%
ADP	A	0.13%	0.07%	0.07%
ADSK	A	0.07%	0.08%	0.07%
AEE	A	0.03%	0.25%	0.03%
AEP	C	0.05%	0.02%	0.02%
AFL	B	0.06%	0.04%	0.04%
AIG	B	0.05%	0.04%	0.04%
AIZ	A	0.01%	0.04%	0.01%
ALL	A	0.06%	0.15%	0.06%
ALLE	C	0.01%	0.07%	0.01%
AMCR	C	0.02%	0.12%	0.02%
AMGN	F	0.17%	0.11%	0.11%
AMP	A	0.06%	0.07%	0.06%
AMT	C	0.1%	0.13%	0.1%
AMZN	C	2.13%	0.11%	0.11%
AON	A	0.09%	0.09%	0.09%
APD	A	0.08%	0.19%	0.08%
APH	A	0.09%	0.11%	0.09%
ARE	F	0.02%	0.04%	0.02%
ATO	A	0.02%	0.17%	0.02%
AVB	B	0.03%	0.02%	0.02%
AVGO	D	0.86%	0.04%	0.04%
AVY	F	0.02%	0.02%	0.02%
AWK	C	0.03%	0.07%	0.03%
AXP	A	0.17%	0.07%	0.07%
AZO	C	0.06%	0.05%	0.05%
BA	F	0.11%	0.06%	0.06%
BAC	A	0.33%	0.0%	0.0%
BAX	F	0.02%	0.07%	0.02%
BDX	F	0.07%	0.08%	0.07%
BG	D	0.01%	0.08%	0.01%
BK	A	0.06%	0.05%	0.05%
BLK	B	0.16%	0.08%	0.08%
BMY	B	0.13%	0.1%	0.1%
BR	A	0.03%	0.08%	0.03%
BRO	B	0.03%	0.08%	0.03%
BWA	D	0.01%	0.13%	0.01%
BXP	C	0.01%	0.09%	0.01%
C	A	0.14%	0.08%	0.08%
CARR	C	0.07%	0.09%	0.07%
CB	C	0.12%	0.1%	0.1%
CBOE	C	0.02%	0.08%	0.02%
CCI	C	0.05%	0.18%	0.05%
CE	F	0.01%	0.07%	0.01%
CFG	B	0.02%	0.07%	0.02%
CHD	A	0.03%	0.18%	0.03%
CHTR	C	0.04%	0.2%	0.04%
CI	D	0.1%	0.14%	0.1%
CL	D	0.08%	0.09%	0.08%
CLX	A	0.02%	0.02%	0.02%
CMCSA	B	0.18%	0.14%	0.14%
CME	B	0.09%	0.12%	0.09%
CMI	A	0.05%	0.04%	0.04%
CMS	C	0.02%	0.08%	0.02%
CNP	A	0.02%	0.1%	0.02%
COF	C	0.08%	0.02%	0.02%
COST	A	0.44%	0.1%	0.1%
CPB	D	0.01%	0.06%	0.01%
CPT	B	0.01%	0.07%	0.01%
CSCO	B	0.25%	0.04%	0.04%
CSX	C	0.07%	0.04%	0.04%
CTAS	B	0.08%	0.02%	0.02%
CVS	D	0.07%	0.16%	0.07%
D	C	0.05%	0.08%	0.05%
DFS	B	0.05%	0.11%	0.05%
DG	F	0.02%	0.16%	0.02%
DGX	A	0.02%	0.07%	0.02%
DHI	F	0.05%	0.07%	0.05%
DHR	F	0.17%	0.09%	0.09%
DIS	B	0.21%	0.09%	0.09%
DLR	B	0.06%	0.1%	0.06%
DLTR	F	0.01%	0.05%	0.01%
DOV	A	0.03%	0.07%	0.03%
DOW	F	0.03%	0.17%	0.03%
DTE	C	0.03%	0.09%	0.03%
DUK	C	0.09%	0.08%	0.08%
EA	A	0.04%	0.04%	0.04%
EBAY	D	0.03%	0.08%	0.03%
ECL	D	0.07%	0.06%	0.06%
ED	C	0.04%	0.11%	0.04%
EFX	F	0.03%	0.05%	0.03%
EIX	B	0.03%	0.04%	0.03%
ELV	F	0.1%	0.18%	0.1%
EMR	B	0.08%	0.07%	0.07%
EQIX	A	0.09%	0.0%	0.0%
EQR	C	0.03%	0.02%	0.02%
ES	C	0.02%	0.04%	0.02%
ESS	B	0.02%	0.07%	0.02%
EW	C	0.04%	0.08%	0.04%
FITB	B	0.03%	0.09%	0.03%
FMC	D	0.01%	0.07%	0.01%
FOXA	A	0.01%	0.25%	0.01%
FTV	C	0.03%	0.04%	0.03%
GD	D	0.08%	0.14%	0.08%
GILD	C	0.12%	0.13%	0.12%
GIS	D	0.04%	0.08%	0.04%
GL	C	0.01%	0.06%	0.01%
GM	C	0.07%	0.2%	0.07%
GOOGL	C	1.11%	0.03%	0.03%
GPN	B	0.03%	0.17%	0.03%
GS	A	0.2%	0.1%	0.1%
HBAN	A	0.03%	0.08%	0.03%
HCA	F	0.07%	0.03%	0.03%
HD	B	0.43%	0.0%	0.0%
HII	F	0.01%	0.04%	0.01%
HON	C	0.16%	0.04%	0.04%
HPQ	B	0.04%	0.07%	0.04%
HST	C	0.01%	0.09%	0.01%
HUBB	B	0.03%	0.07%	0.03%
HUM	C	0.04%	0.12%	0.04%
IBM	C	0.21%	0.09%	0.09%
INTC	C	0.12%	0.12%	0.12%
INTU	B	0.21%	0.1%	0.1%
ITW	B	0.08%	0.07%	0.07%
JBHT	C	0.02%	0.12%	0.02%
JNJ	C	0.39%	0.18%	0.18%
JPM	A	0.74%	0.01%	0.01%
K	A	0.02%	0.11%	0.02%
KDP	F	0.04%	0.08%	0.04%
KEY	B	0.02%	0.08%	0.02%
KEYS	A	0.03%	0.08%	0.03%
KIM	A	0.02%	0.04%	0.02%
KLAC	F	0.09%	0.08%	0.08%
KMB	C	0.05%	0.08%	0.05%
KMI	A	0.06%	0.28%	0.06%
KO	D	0.26%	0.08%	0.08%
LEN	D	0.04%	0.32%	0.04%
LH	B	0.02%	0.11%	0.02%
LHX	C	0.05%	0.1%	0.05%
LMT	D	0.12%	0.23%	0.12%
LNT	A	0.02%	0.1%	0.02%
LOW	C	0.17%	0.04%	0.04%
MA	B	0.46%	0.04%	0.04%
MAA	B	0.02%	0.02%	0.02%
MAR	A	0.07%	0.04%	0.04%
MAS	D	0.02%	0.19%	0.02%
MCD	D	0.23%	0.04%	0.04%
MCK	A	0.09%	0.09%	0.09%
MCO	B	0.08%	0.07%	0.07%
MDLZ	F	0.09%	0.07%	0.07%
MET	A	0.05%	0.09%	0.05%
MKC	C	0.02%	0.07%	0.02%
MLM	C	0.04%	0.09%	0.04%
MMC	B	0.12%	0.01%	0.01%
MMM	D	0.08%	0.08%	0.08%
MO	A	0.1%	0.1%	0.1%
MS	A	0.18%	0.04%	0.04%
MSFT	D	3.42%	0.04%	0.04%
MSI	B	0.09%	0.04%	0.04%
MU	D	0.12%	0.08%	0.08%
NDAQ	A	0.03%	0.08%	0.03%
NEE	C	0.17%	0.04%	0.04%
NI	A	0.02%	0.19%	0.02%
NOC	D	0.07%	0.19%	0.07%
NSC	B	0.06%	0.07%	0.06%
NTAP	C	0.03%	0.07%	0.03%
NXPI	D	0.06%	0.21%	0.06%
O	C	0.05%	0.12%	0.05%
OKE	A	0.07%	0.14%	0.07%
ORCL	A	0.32%	0.11%	0.11%
ORLY	B	0.08%	0.08%	0.08%
OTIS	C	0.04%	0.07%	0.04%
PCG	A	0.05%	0.07%	0.05%
PEG	A	0.05%	0.07%	0.05%
PEP	F	0.24%	0.24%	0.24%
PG	C	0.42%	0.06%	0.06%
PGR	A	0.16%	0.04%	0.04%
PH	A	0.1%	0.02%	0.02%
PHM	D	0.03%	0.2%	0.03%
PKG	A	0.02%	0.07%	0.02%
PLD	F	0.11%	0.07%	0.07%
PM	B	0.21%	0.17%	0.17%
PNC	B	0.09%	0.03%	0.03%
PPG	F	0.03%	0.07%	0.03%
PRU	A	0.05%	0.0%	0.0%
PSA	C	0.06%	0.08%	0.06%
PYPL	B	0.09%	0.02%	0.02%
QCOM	F	0.2%	0.08%	0.08%
REG	A	0.01%	0.06%	0.01%
ROK	C	0.04%	0.06%	0.04%
ROP	B	0.07%	0.08%	0.07%
RSG	A	0.05%	0.04%	0.04%
SBUX	A	0.12%	0.09%	0.09%
SCHW	B	0.13%	0.04%	0.04%
SHW	B	0.1%	0.04%	0.04%
SJM	D	0.01%	0.04%	0.01%
SO	C	0.1%	0.1%	0.1%
SPG	A	0.06%	0.22%	0.06%
SPGI	C	0.18%	0.08%	0.08%
SRE	A	0.06%	0.07%	0.06%
STLD	B	0.02%	0.04%	0.02%
STT	B	0.03%	0.07%	0.03%
SWK	D	0.01%	0.11%	0.01%
SYF	B	0.03%	0.08%	0.03%
SYK	B	0.14%	0.03%	0.03%
T	A	0.17%	0.12%	0.12%
TDY	B	0.02%	0.14%	0.02%
TFC	A	0.07%	0.06%	0.06%
TMO	F	0.22%	0.19%	0.19%
TMUS	B	0.13%	0.14%	0.13%
TPR	B	0.01%	0.19%	0.01%
TRMB	B	0.02%	0.1%	0.02%
TT	A	0.1%	0.08%	0.08%
TXN	C	0.2%	0.07%	0.07%
UNH	B	0.59%	0.02%	0.02%
UNP	C	0.15%	0.11%	0.11%
UPS	C	0.1%	0.08%	0.08%
USB	A	0.08%	0.07%	0.07%
V	A	0.56%	0.1%	0.1%
VLO	C	0.05%	0.08%	0.05%
VRSK	A	0.04%	0.1%	0.04%
VRSN	C	0.02%	0.19%	0.02%
VTR	B	0.03%	0.02%	0.02%
VZ	C	0.19%	0.03%	0.03%
WAB	B	0.04%	0.06%	0.04%
WEC	A	0.03%	0.17%	0.03%
WELL	A	0.08%	0.08%	0.08%
WFC	A	0.27%	0.07%	0.07%
WM	B	0.09%	0.13%	0.09%
WMT	A	0.4%	0.02%	0.02%
WTW	B	0.03%	0.06%	0.03%
WY	F	0.02%	0.1%	0.02%
XEL	A	0.04%	0.14%	0.04%
ZTS	D	0.09%	0.05%	0.05%

PHDG Overweight 271 Positions Relative to SKOR

Symbol	Grade	Weight
NVDA	B	3.89%
META	D	1.36%
TSLA	B	0.93%
GOOG	C	0.92%
BRK.A	B	0.92%
LLY	F	0.67%
XOM	B	0.58%
NFLX	A	0.39%
CRM	B	0.35%
CVX	A	0.3%
MRK	D	0.27%
AMD	F	0.24%
ACN	B	0.24%
NOW	A	0.23%
LIN	C	0.23%
ABT	B	0.22%
ISRG	A	0.21%
GE	D	0.21%
CAT	B	0.2%
BKNG	A	0.18%
AMAT	F	0.17%
RTX	D	0.17%
ETN	A	0.16%
PFE	F	0.16%
UBER	F	0.16%
TJX	A	0.15%
PANW	B	0.14%
BSX	A	0.14%
BX	A	0.14%
COP	C	0.14%
PLTR	B	0.13%
FI	A	0.13%
VRTX	D	0.13%
MDT	D	0.12%
LRCX	F	0.11%
ANET	C	0.11%
DE	B	0.11%
KKR	A	0.11%
GEV	B	0.1%
ICE	C	0.1%
NKE	F	0.1%
CRWD	B	0.09%
CMG	B	0.09%
REGN	F	0.09%
CDNS	B	0.09%
SNPS	B	0.09%
CEG	C	0.08%
TGT	F	0.08%
TDG	D	0.08%
EOG	A	0.08%
PCAR	B	0.07%
HLT	A	0.07%
SLB	C	0.07%
FCX	F	0.07%
AJG	A	0.07%
FDX	B	0.07%
WMB	A	0.07%
GWW	B	0.06%
MPC	D	0.06%
PSX	C	0.06%
RCL	A	0.06%
URI	C	0.06%
FICO	B	0.06%
JCI	B	0.06%
TRV	B	0.06%
ABNB	C	0.06%
FTNT	C	0.06%
TRGP	A	0.05%
ODFL	C	0.05%
COR	B	0.05%
BKR	A	0.05%
F	C	0.05%
AXON	A	0.05%
AME	A	0.05%
KVUE	A	0.05%
HWM	A	0.05%
NEM	D	0.05%
PAYX	B	0.05%
FAST	B	0.05%
ROST	D	0.05%
VST	A	0.05%
PWR	A	0.05%
MSCI	C	0.05%
FIS	C	0.05%
CPRT	B	0.05%
VICI	C	0.04%
IRM	C	0.04%
RMD	C	0.04%
OXY	D	0.04%
HIG	B	0.04%
FANG	C	0.04%
EXR	C	0.04%
DD	C	0.04%
NUE	C	0.04%
IDXX	F	0.04%
IQV	F	0.04%
MCHP	F	0.04%
MTB	A	0.04%
GLW	B	0.04%
SYY	D	0.04%
VMC	B	0.04%
ACGL	C	0.04%
GEHC	D	0.04%
STZ	D	0.04%
LULU	C	0.04%
EXC	C	0.04%
YUM	D	0.04%
DELL	B	0.04%
KR	B	0.04%
MNST	C	0.04%
CTVA	C	0.04%
CBRE	B	0.04%
CTSH	B	0.04%
HES	B	0.04%
IT	C	0.04%
IR	B	0.04%
DAL	B	0.04%
CINF	A	0.03%
SBAC	D	0.03%
BIIB	F	0.03%
RF	A	0.03%
CDW	F	0.03%
PPL	A	0.03%
CCL	A	0.03%
WST	C	0.03%
DVN	F	0.03%
SW	A	0.03%
ADM	D	0.03%
VLTO	C	0.03%
EQT	B	0.03%
CPAY	A	0.03%
GDDY	A	0.03%
TYL	B	0.03%
MTD	F	0.03%
HSY	F	0.03%
HAL	C	0.03%
TROW	B	0.03%
DECK	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
MPWR	F	0.03%
ON	D	0.03%
NVR	D	0.03%
CAH	B	0.03%
TTWO	A	0.03%
XYL	D	0.03%
ANSS	B	0.03%
RJF	A	0.03%
TSCO	D	0.03%
DXCM	C	0.03%
UAL	A	0.03%
CSGP	D	0.03%
CNC	D	0.03%
ETR	B	0.03%
GRMN	B	0.03%
EPAM	B	0.02%
NDSN	B	0.02%
ROL	B	0.02%
FFIV	B	0.02%
RVTY	F	0.02%
APTV	F	0.02%
EVRG	A	0.02%
JBL	C	0.02%
DOC	C	0.02%
VTRS	A	0.02%
L	A	0.02%
EL	F	0.02%
DPZ	C	0.02%
CF	A	0.02%
ALGN	D	0.02%
EG	C	0.02%
TXT	D	0.02%
MRO	B	0.02%
GEN	B	0.02%
EXPD	C	0.02%
LVS	B	0.02%
GPC	D	0.02%
TER	F	0.02%
IEX	C	0.02%
PNR	A	0.02%
J	D	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%
CTRA	B	0.02%
BALL	F	0.02%
SNA	A	0.02%
NRG	B	0.02%
FDS	B	0.02%
INVH	D	0.02%
LUV	C	0.02%
IP	A	0.02%
DRI	B	0.02%
LYV	A	0.02%
ZBRA	B	0.02%
STX	C	0.02%
OMC	C	0.02%
WDC	D	0.02%
FSLR	F	0.02%
FE	C	0.02%
BLDR	D	0.02%
NTRS	A	0.02%
LYB	F	0.02%
STE	D	0.02%
WBD	B	0.02%
ZBH	C	0.02%
WAT	C	0.02%
LDOS	C	0.02%
EXPE	B	0.02%
IFF	D	0.02%
PTC	B	0.02%
FOX	A	0.01%
QRVO	F	0.01%
WBA	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
DVA	C	0.01%
MHK	D	0.01%
IVZ	B	0.01%
MTCH	D	0.01%
HAS	D	0.01%
APA	D	0.01%
MOS	F	0.01%
HSIC	C	0.01%
CZR	F	0.01%
RL	C	0.01%
FRT	B	0.01%
ENPH	F	0.01%
MGM	D	0.01%
WYNN	C	0.01%
AOS	F	0.01%
HRL	D	0.01%
TFX	F	0.01%
SMCI	F	0.01%
SOLV	D	0.01%
AES	F	0.01%
MKTX	D	0.01%
CRL	D	0.01%
ERIE	D	0.01%
LKQ	F	0.01%
PNW	A	0.01%
CTLT	C	0.01%
IPG	D	0.01%
PAYC	B	0.01%
TAP	C	0.01%
NWSA	A	0.01%
GNRC	C	0.01%
TECH	F	0.01%
LW	C	0.01%
NCLH	B	0.01%
EMN	C	0.01%
UHS	D	0.01%
ALB	B	0.01%
DAY	B	0.01%
KMX	B	0.01%
INCY	C	0.01%
JKHY	D	0.01%
JNPR	D	0.01%
CHRW	B	0.01%
CAG	F	0.01%
UDR	B	0.01%
AKAM	D	0.01%
SWKS	F	0.01%
MRNA	F	0.01%
POOL	C	0.01%
NWS	A	0.0%

PHDG Underweight 77 Positions Relative to SKOR

Symbol	Grade	Weight
PAA	B	-0.19%
TD	D	-0.17%
LII	A	-0.16%
ARW	D	-0.15%
RPRX	D	-0.14%
ALLY	C	-0.14%
WU	F	-0.13%
BRX	A	-0.12%
CM	A	-0.11%
BHP	F	-0.11%
MKL	A	-0.11%
NVT	B	-0.11%
ATHS	D	-0.11%
ARCC	A	-0.11%
BMO	A	-0.11%
BIDU	F	-0.1%
BKU	A	-0.1%
VNT	C	-0.09%
THG	A	-0.09%
FHN	A	-0.09%
CMA	B	-0.09%
AGR	A	-0.09%
FLO	D	-0.09%
LAZ	B	-0.09%
BNS	A	-0.09%
AFG	A	-0.08%
AWH	F	-0.08%
FAF	A	-0.08%
LEA	F	-0.08%
CSL	C	-0.08%
HP	C	-0.08%
ORI	A	-0.08%
H	B	-0.08%
DSS	F	-0.08%
AMH	C	-0.08%
DINO	D	-0.08%
WHR	B	-0.08%
NFG	A	-0.08%
JEF	A	-0.08%
GLPI	C	-0.08%
AVT	C	-0.07%
KMPR	A	-0.07%
SBRA	C	-0.07%
WB	D	-0.07%
BKH	A	-0.07%
GSBD	F	-0.07%
TEL	B	-0.07%
CUBE	C	-0.07%
EPD	A	-0.07%
BABA	D	-0.07%
HSBC	A	-0.07%
SKT	A	-0.06%
SCS	C	-0.06%
WPC	C	-0.06%
AL	B	-0.06%
NNN	C	-0.06%
SITC	D	-0.05%
DT	D	-0.05%
RY	A	-0.05%
AER	A	-0.05%
PDM	D	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
RNR	C	-0.04%
RPM	A	-0.04%
AXS	A	-0.04%
HIW	C	-0.04%
KRC	B	-0.04%
DB	D	-0.04%
FLS	B	-0.03%
FNF	B	-0.03%
AAP	D	-0.02%
BDN	C	-0.02%
MUFG	B	-0.02%
CP	F	-0.01%
OHI	C	-0.0%