PHEQ vs. MGV ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Vanguard Mega Cap Value ETF (MGV)

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

MGV

Vanguard Mega Cap Value ETF

MGV Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Value Index, which represents the value companies of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$132.26

Average Daily Volume

225,298

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	MGV
30 Days	1.99%	2.46%
60 Days	3.02%	3.73%
90 Days	3.86%	5.92%
12 Months	16.61%	30.27%

47 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in MGV	Overlap
ABBV	D	0.85%	2.12%	0.85%
ABT	B	0.6%	1.16%	0.6%
AMGN	D	0.45%	1.01%	0.45%
AVGO	D	1.71%	2.33%	1.71%
AXP	A	0.57%	0.79%	0.57%
BAC	A	0.98%	1.72%	0.98%
BMY	B	0.48%	0.67%	0.48%
BRK.A	B	1.42%	1.49%	1.42%
BRK.A	B	1.42%	3.35%	1.42%
CAT	B	0.55%	1.07%	0.55%
CSCO	B	0.79%	1.17%	0.79%
CVX	A	0.84%	1.52%	0.84%
DE	A	0.44%	0.62%	0.44%
DELL	C	0.14%	0.2%	0.14%
DIS	B	0.57%	0.51%	0.51%
HD	A	1.15%	2.3%	1.15%
IBM	C	0.56%	1.12%	0.56%
JNJ	D	1.04%	2.26%	1.04%
JPM	A	1.73%	3.72%	1.73%
KKR	A	0.46%	0.54%	0.46%
KMB	D	0.33%	0.27%	0.27%
KO	D	0.77%	1.49%	0.77%
LIN	D	0.67%	0.64%	0.64%
LMT	D	0.58%	0.77%	0.58%
LOW	D	0.57%	0.88%	0.57%
MDT	D	0.51%	0.67%	0.51%
MMM	D	0.44%	0.42%	0.42%
MRK	F	0.69%	1.53%	0.69%
MS	A	0.39%	0.83%	0.39%
MU	D	0.31%	0.65%	0.31%
ORCL	B	0.73%	1.63%	0.73%
PEP	F	0.72%	1.34%	0.72%
PG	A	1.09%	2.28%	1.09%
PYPL	B	0.28%	0.48%	0.28%
QCOM	F	0.33%	1.07%	0.33%
REGN	F	0.21%	0.54%	0.21%
RSG	A	0.34%	0.24%	0.24%
SCHW	B	0.35%	0.63%	0.35%
T	A	0.68%	0.95%	0.68%
TMO	F	0.59%	1.23%	0.59%
TRV	B	0.39%	0.33%	0.33%
UNH	C	1.37%	3.07%	1.37%
UNP	C	0.52%	0.83%	0.52%
WFC	A	0.67%	1.3%	0.67%
WM	A	0.44%	0.51%	0.44%
WMT	A	0.96%	2.13%	0.96%
XOM	B	1.4%	3.05%	1.4%

PHEQ Overweight 157 Positions Relative to MGV

Symbol	Grade	Weight
NVDA	C	7.12%
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%
LLY	F	1.39%
V	A	1.28%
MA	C	1.14%
COST	B	1.07%
NFLX	A	0.8%
CRM	B	0.63%
NOW	A	0.61%
TXN	C	0.59%
ISRG	A	0.58%
AMD	F	0.51%
TMUS	B	0.51%
ADBE	C	0.48%
TRGP	B	0.46%
CTAS	B	0.42%
ETR	B	0.4%
DAL	C	0.39%
BKNG	A	0.39%
PRU	A	0.37%
PLTR	B	0.36%
VRTX	F	0.36%
HWM	A	0.36%
AVB	B	0.35%
PPL	B	0.34%
KLAC	D	0.34%
K	A	0.34%
LNT	A	0.33%
DOV	A	0.33%
YUM	B	0.33%
OTIS	C	0.33%
HIG	B	0.33%
EQR	B	0.32%
EXR	D	0.32%
BA	F	0.32%
ROST	C	0.32%
LH	C	0.31%
CMS	C	0.31%
BRO	B	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%
PHM	D	0.3%
APO	B	0.3%
UBER	D	0.29%
DOC	D	0.29%
LRCX	F	0.29%
CNP	B	0.28%
AME	A	0.28%
SYF	B	0.27%
MAA	B	0.27%
CFG	B	0.26%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	0.25%
GLW	B	0.25%
MRO	B	0.24%
L	A	0.24%
FE	C	0.24%
NDAQ	A	0.24%
URI	B	0.24%
JBHT	C	0.24%
RMD	C	0.24%
FANG	D	0.24%
MKL	A	0.23%
NEM	D	0.23%
ULTA	F	0.23%
EXPD	D	0.23%
LNG	B	0.22%
LYB	F	0.22%
HEI	B	0.22%
WRB	A	0.21%
SSNC	B	0.21%
ARE	D	0.21%
AMCR	D	0.21%
LULU	C	0.21%
PFG	D	0.2%
MSTR	C	0.2%
ESS	B	0.19%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CPB	D	0.18%
CSL	C	0.18%
CRWD	B	0.17%
CAG	D	0.17%
DVN	F	0.17%
IFF	D	0.16%
AKAM	D	0.16%
HAL	C	0.16%
ABNB	C	0.15%
MOH	F	0.14%
APTV	D	0.14%
NDSN	B	0.14%
HEI	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%
ALNY	D	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%
VRT	B	0.1%
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%

PHEQ Underweight 88 Positions Relative to MGV

Symbol	Grade	Weight
PM	B	-1.21%
GE	D	-1.04%
CMCSA	B	-0.99%
NEE	D	-0.96%
GS	A	-0.96%
RTX	C	-0.95%
VZ	C	-0.94%
DHR	F	-0.94%
PFE	D	-0.94%
PGR	A	-0.84%
BLK	C	-0.81%
HON	B	-0.79%
ETN	A	-0.78%
COP	C	-0.75%
C	A	-0.69%
FI	A	-0.67%
GILD	C	-0.65%
ADI	D	-0.65%
ACN	C	-0.64%
CB	C	-0.64%
MMC	B	-0.63%
PLD	D	-0.62%
SO	D	-0.59%
UPS	C	-0.58%
MO	A	-0.55%
ELV	F	-0.55%
MDLZ	F	-0.54%
ICE	C	-0.53%
CI	F	-0.52%
DUK	C	-0.52%
INTC	D	-0.49%
TT	A	-0.49%
CME	A	-0.48%
PH	A	-0.48%
CL	D	-0.45%
NOC	D	-0.44%
USB	A	-0.44%
ITW	B	-0.43%
CVS	D	-0.42%
APD	A	-0.41%
EOG	A	-0.41%
TGT	F	-0.41%
BDX	F	-0.4%
GD	F	-0.4%
FCX	D	-0.38%
HCA	F	-0.38%
MCK	B	-0.38%
CSX	B	-0.38%
FDX	B	-0.36%
BX	A	-0.36%
SYK	C	-0.36%
PNC	B	-0.36%
EMR	A	-0.36%
AFL	B	-0.35%
ADP	B	-0.35%
COF	B	-0.35%
GM	B	-0.34%
ROP	B	-0.34%
TFC	A	-0.34%
BK	A	-0.33%
NSC	B	-0.33%
PSA	D	-0.31%
AEP	D	-0.31%
SRE	A	-0.31%
PSX	C	-0.3%
MPC	D	-0.29%
NKE	D	-0.27%
MET	A	-0.27%
CCI	D	-0.27%
F	C	-0.24%
VLO	C	-0.23%
AON	A	-0.22%
STZ	D	-0.22%
KDP	D	-0.21%
WMB	A	-0.19%
OXY	D	-0.19%
CHTR	C	-0.18%
HUM	C	-0.18%
SLB	C	-0.17%
D	C	-0.15%
JCI	C	-0.15%
SPG	B	-0.15%
KHC	F	-0.15%
KMI	A	-0.14%
AIG	B	-0.14%
PAYX	C	-0.13%
GEV	B	-0.12%
EL	F	-0.02%