PHEQ vs. PTL ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	PTL
30 Days	1.99%	5.09%
60 Days	3.02%	5.71%
90 Days	3.86%	7.67%
12 Months	16.61%

90 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in PTL	Overlap
AEE	A	0.3%	0.16%	0.16%
AGR	B	0.07%	0.1%	0.07%
ALGN	D	0.06%	0.12%	0.06%
AME	A	0.28%	0.31%	0.28%
ARE	D	0.21%	0.13%	0.13%
AVGO	D	1.71%	5.22%	1.71%
BLDR	D	0.08%	0.15%	0.08%
BRO	B	0.31%	0.22%	0.22%
BSY	D	0.04%	0.11%	0.04%
CAG	D	0.17%	0.09%	0.09%
CAT	B	0.55%	1.22%	0.55%
CMS	C	0.31%	0.14%	0.14%
CNP	B	0.28%	0.14%	0.14%
COIN	C	0.12%	0.54%	0.12%
COR	B	0.3%	0.34%	0.3%
CPB	D	0.18%	0.1%	0.1%
CPNG	D	0.03%	0.3%	0.03%
CSL	C	0.18%	0.14%	0.14%
CTAS	B	0.42%	0.61%	0.42%
DAL	C	0.39%	0.27%	0.27%
DDOG	A	0.13%	0.32%	0.13%
DOC	D	0.29%	0.1%	0.1%
DOV	A	0.33%	0.19%	0.19%
DOX	D	0.09%	0.07%	0.07%
DTE	C	0.31%	0.17%	0.17%
DVN	F	0.17%	0.18%	0.17%
ENPH	F	0.03%	0.06%	0.03%
EQR	B	0.32%	0.2%	0.2%
ESS	B	0.19%	0.14%	0.14%
ETR	B	0.4%	0.22%	0.22%
EXPD	D	0.23%	0.11%	0.11%
EXR	D	0.32%	0.25%	0.25%
FANG	D	0.24%	0.4%	0.24%
FCNCA	A	0.13%	0.24%	0.13%
FE	C	0.24%	0.16%	0.16%
HAL	C	0.16%	0.2%	0.16%
HD	A	1.15%	2.69%	1.15%
HUBB	B	0.13%	0.16%	0.13%
IBKR	A	0.11%	0.53%	0.11%
IFF	D	0.16%	0.16%	0.16%
ISRG	A	0.58%	1.34%	0.58%
JBHT	C	0.24%	0.13%	0.13%
KLAC	D	0.34%	0.58%	0.34%
L	A	0.24%	0.13%	0.13%
LH	C	0.31%	0.14%	0.14%
LII	A	0.25%	0.16%	0.16%
LIN	D	0.67%	1.49%	0.67%
LNG	B	0.22%	0.35%	0.22%
LOW	D	0.57%	1.01%	0.57%
LYB	F	0.22%	0.19%	0.19%
MAA	B	0.27%	0.13%	0.13%
MKL	A	0.23%	0.15%	0.15%
MOH	F	0.14%	0.12%	0.12%
MRO	B	0.24%	0.12%	0.12%
MRVL	B	0.25%	0.57%	0.25%
MSTR	C	0.2%	0.58%	0.2%
NDSN	B	0.14%	0.1%	0.1%
NEM	D	0.23%	0.35%	0.23%
NET	B	0.07%	0.23%	0.07%
OKTA	C	0.04%	0.09%	0.04%
ON	D	0.14%	0.21%	0.14%
OTIS	C	0.33%	0.25%	0.25%
OWL	A	0.05%	0.23%	0.05%
PANW	C	0.3%	0.89%	0.3%
PHM	D	0.3%	0.19%	0.19%
PLTR	B	0.36%	0.98%	0.36%
QCOM	F	0.33%	1.24%	0.33%
REGN	F	0.21%	0.63%	0.21%
RKT	F	0.03%	0.2%	0.03%
RMD	C	0.24%	0.25%	0.24%
RPRX	D	0.04%	0.11%	0.04%
RSG	A	0.34%	0.46%	0.34%
SCCO	F	0.07%	0.52%	0.07%
SNOW	C	0.06%	0.3%	0.06%
SSNC	B	0.21%	0.13%	0.13%
STLD	B	0.11%	0.15%	0.11%
SUI	D	0.1%	0.12%	0.1%
TRGP	B	0.46%	0.32%	0.32%
TTD	B	0.18%	0.43%	0.18%
TW	A	0.11%	0.2%	0.11%
URI	B	0.24%	0.37%	0.24%
VEEV	C	0.1%	0.25%	0.1%
VRT	B	0.1%	0.33%	0.1%
WLK	D	0.04%	0.11%	0.04%
WM	A	0.44%	0.6%	0.44%
WRB	A	0.21%	0.16%	0.16%
WSM	B	0.02%	0.15%	0.02%
XOM	B	1.4%	3.74%	1.4%
YUM	B	0.33%	0.25%	0.25%
ZS	C	0.08%	0.22%	0.08%

PHEQ Overweight 113 Positions Relative to PTL

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%
JPM	A	1.73%
BRK.A	B	1.42%
LLY	F	1.39%
UNH	C	1.37%
V	A	1.28%
MA	C	1.14%
PG	A	1.09%
COST	B	1.07%
JNJ	D	1.04%
BAC	A	0.98%
WMT	A	0.96%
ABBV	D	0.85%
CVX	A	0.84%
NFLX	A	0.8%
CSCO	B	0.79%
KO	D	0.77%
ORCL	B	0.73%
PEP	F	0.72%
MRK	F	0.69%
T	A	0.68%
WFC	A	0.67%
CRM	B	0.63%
NOW	A	0.61%
ABT	B	0.6%
TMO	F	0.59%
TXN	C	0.59%
LMT	D	0.58%
DIS	B	0.57%
AXP	A	0.57%
IBM	C	0.56%
UNP	C	0.52%
AMD	F	0.51%
MDT	D	0.51%
TMUS	B	0.51%
BMY	B	0.48%
ADBE	C	0.48%
KKR	A	0.46%
AMGN	D	0.45%
DE	A	0.44%
MMM	D	0.44%
TRV	B	0.39%
MS	A	0.39%
BKNG	A	0.39%
PRU	A	0.37%
VRTX	F	0.36%
HWM	A	0.36%
AVB	B	0.35%
SCHW	B	0.35%
PPL	B	0.34%
K	A	0.34%
LNT	A	0.33%
KMB	D	0.33%
HIG	B	0.33%
BA	F	0.32%
ROST	C	0.32%
MU	D	0.31%
HBAN	A	0.31%
DRI	B	0.3%
APO	B	0.3%
UBER	D	0.29%
LRCX	F	0.29%
PYPL	B	0.28%
SYF	B	0.27%
CFG	B	0.26%
MELI	D	0.25%
ARES	A	0.25%
GLW	B	0.25%
NDAQ	A	0.24%
ULTA	F	0.23%
HEI	B	0.22%
AMCR	D	0.21%
LULU	C	0.21%
PFG	D	0.2%
SPOT	B	0.19%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CRWD	B	0.17%
AKAM	D	0.16%
ABNB	C	0.15%
APTV	D	0.14%
HEI	B	0.14%
ZBH	C	0.14%
DELL	C	0.14%
HUBS	A	0.14%
MGM	D	0.13%
WDAY	B	0.13%
DASH	A	0.13%
ALNY	D	0.13%
SQ	B	0.12%
RBLX	C	0.12%
BAH	F	0.12%
TRU	D	0.09%
YUMC	C	0.07%
DKNG	B	0.07%
AVTR	F	0.06%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
ILMN	D	0.05%
PINS	D	0.03%
SIRI	C	0.03%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 388 Positions Relative to PTL

Symbol	Grade	Weight
NEE	D	-1.08%
PGR	A	-1.06%
ADP	B	-0.86%
ANET	C	-0.83%
UPS	C	-0.77%
PLD	D	-0.76%
APP	B	-0.76%
ELV	F	-0.67%
SHW	A	-0.65%
ICE	C	-0.62%
GEV	B	-0.62%
PH	A	-0.61%
SNPS	B	-0.6%
APH	A	-0.6%
WELL	A	-0.58%
EOG	A	-0.56%
FDX	B	-0.55%
EMR	A	-0.5%
OKE	A	-0.48%
FTNT	C	-0.48%
CSX	B	-0.47%
ORLY	B	-0.47%
SLB	C	-0.44%
DLR	B	-0.43%
KMI	A	-0.43%
ROP	B	-0.42%
NSC	B	-0.42%
AFL	B	-0.42%
SPG	B	-0.41%
CEG	D	-0.41%
FCX	D	-0.4%
PSA	D	-0.4%
PCAR	B	-0.4%
DHI	D	-0.39%
FICO	B	-0.39%
MNST	C	-0.37%
CPRT	A	-0.37%
AZO	C	-0.35%
PAYX	C	-0.35%
AIG	B	-0.34%
FAST	B	-0.33%
VLO	C	-0.33%
LEN	D	-0.33%
PWR	A	-0.33%
OXY	D	-0.33%
ODFL	B	-0.33%
CVNA	B	-0.33%
KVUE	A	-0.32%
MSCI	C	-0.31%
CCI	D	-0.31%
BKR	B	-0.31%
PCG	A	-0.31%
PEG	A	-0.3%
EW	C	-0.3%
IR	B	-0.29%
VST	B	-0.29%
VRSK	A	-0.28%
VMC	B	-0.26%
IQV	D	-0.26%
EXC	C	-0.26%
GEHC	F	-0.26%
IDXX	F	-0.25%
MLM	B	-0.25%
SYY	B	-0.24%
TPL	A	-0.24%
NUE	C	-0.24%
MCHP	D	-0.24%
DXCM	D	-0.23%
ED	D	-0.23%
CSGP	D	-0.23%
TTWO	A	-0.23%
WEC	A	-0.22%
EFX	F	-0.22%
IOT	A	-0.21%
ANSS	B	-0.21%
KEYS	A	-0.2%
DECK	A	-0.19%
NVR	D	-0.19%
MPWR	F	-0.19%
AWK	D	-0.19%
TSCO	D	-0.19%
VLTO	D	-0.18%
CPAY	A	-0.18%
TYL	B	-0.18%
VTR	C	-0.18%
ADM	D	-0.18%
EME	C	-0.17%
ROL	B	-0.17%
RF	A	-0.17%
MTD	D	-0.17%
NTAP	C	-0.17%
CBOE	B	-0.16%
WY	D	-0.16%
ATO	A	-0.16%
TKO	B	-0.16%
TOST	B	-0.16%
AFRM	B	-0.16%
SBAC	D	-0.16%
TSN	B	-0.16%
WST	C	-0.16%
GFS	C	-0.16%
CINF	A	-0.16%
CDW	F	-0.16%
STE	F	-0.15%
MKC	D	-0.15%
IP	B	-0.15%
WDC	D	-0.15%
INVH	D	-0.15%
ERIE	D	-0.15%
ES	D	-0.15%
PKG	A	-0.15%
WSO	A	-0.15%
MDB	C	-0.15%
FSLR	F	-0.14%
CTRA	B	-0.14%
UI	A	-0.14%
NTNX	A	-0.13%
HOLX	D	-0.13%
XPO	B	-0.13%
SNA	A	-0.13%
PODD	C	-0.13%
CHWY	B	-0.12%
USFD	A	-0.12%
IEX	B	-0.12%
DG	F	-0.12%
MAS	D	-0.12%
TRMB	B	-0.12%
GPC	D	-0.12%
NWSA	B	-0.12%
RS	B	-0.12%
TER	D	-0.12%
OC	A	-0.12%
BAX	D	-0.12%
CRBG	B	-0.12%
NRG	B	-0.12%
RYAN	B	-0.12%
RPM	A	-0.12%
GEN	B	-0.12%
CASY	A	-0.11%
DOCU	A	-0.11%
RGA	A	-0.11%
FLEX	A	-0.11%
SMMT	D	-0.11%
TOL	B	-0.11%
COHR	B	-0.11%
ENTG	D	-0.11%
GWRE	A	-0.11%
UTHR	C	-0.11%
JEF	A	-0.11%
CF	B	-0.11%
J	F	-0.11%
FIX	A	-0.11%
SMCI	F	-0.11%
NI	A	-0.11%
MANH	D	-0.11%
CLH	B	-0.1%
POOL	C	-0.1%
SFM	A	-0.1%
INCY	C	-0.1%
RVTY	F	-0.1%
ELS	C	-0.1%
UHS	D	-0.1%
FFIV	B	-0.1%
REG	B	-0.1%
DLTR	F	-0.1%
AMH	D	-0.1%
GGG	B	-0.1%
THC	D	-0.1%
EVRG	A	-0.1%
EWBC	A	-0.1%
UDR	B	-0.1%
DT	C	-0.1%
SAIA	B	-0.1%
KMX	B	-0.09%
TXRH	C	-0.09%
JKHY	D	-0.09%
SOLV	C	-0.09%
SCI	B	-0.09%
WPC	D	-0.09%
BG	F	-0.09%
PFGC	B	-0.09%
OVV	B	-0.09%
HST	C	-0.09%
INSM	C	-0.09%
LAMR	D	-0.09%
BXP	D	-0.09%
PR	B	-0.09%
SN	D	-0.09%
HLI	B	-0.09%
PAYC	B	-0.09%
NBIX	C	-0.09%
CPT	B	-0.09%
CW	B	-0.09%
EPAM	C	-0.09%
EDR	A	-0.09%
JBL	B	-0.09%
DVA	B	-0.09%
SWKS	F	-0.09%
MUSA	A	-0.08%
PCTY	B	-0.08%
AA	B	-0.08%
FND	C	-0.08%
BLD	D	-0.08%
CUBE	D	-0.08%
KNSL	B	-0.08%
ATR	B	-0.08%
MTZ	B	-0.08%
PCVX	D	-0.08%
ACI	C	-0.08%
GMED	A	-0.08%
BJ	A	-0.08%
FHN	A	-0.08%
LECO	B	-0.08%
LW	C	-0.08%
MEDP	D	-0.08%
PPC	C	-0.08%
SF	B	-0.08%
EVR	B	-0.08%
JNPR	F	-0.08%
AFG	A	-0.08%
RRX	B	-0.08%
ITT	A	-0.08%
CHRW	C	-0.08%
UHAL	D	-0.08%
ALB	C	-0.08%
BIO	D	-0.07%
ITCI	C	-0.07%
LAD	A	-0.07%
BRBR	A	-0.07%
ALSN	B	-0.07%
RBC	A	-0.07%
FRT	B	-0.07%
EHC	B	-0.07%
PNFP	B	-0.07%
AYI	B	-0.07%
RVMD	C	-0.07%
AOS	F	-0.07%
REXR	F	-0.07%
RGLD	C	-0.07%
CACI	D	-0.07%
ORI	A	-0.07%
PRI	A	-0.07%
PEN	B	-0.07%
KNTK	B	-0.07%
WING	D	-0.07%
WMS	D	-0.07%
AR	B	-0.07%
CFLT	B	-0.07%
DTM	B	-0.07%
UWMC	D	-0.07%
GNRC	B	-0.07%
GL	B	-0.07%
AAON	B	-0.07%
WAL	B	-0.07%
CR	A	-0.07%
AIT	A	-0.07%
HLNE	B	-0.07%
MLI	C	-0.07%
PCOR	B	-0.07%
LBRDA	C	-0.07%
EXP	A	-0.07%
MKTX	D	-0.07%
EXEL	B	-0.07%
WCC	B	-0.07%
OHI	C	-0.07%
SEIC	B	-0.07%
PAG	B	-0.07%
COKE	C	-0.07%
PNW	B	-0.07%
GTLB	B	-0.07%
GME	C	-0.07%
WBS	A	-0.07%
TTEK	F	-0.07%
BWXT	B	-0.07%
WTRG	B	-0.07%
CCK	C	-0.07%
APG	B	-0.07%
TREX	C	-0.06%
NNN	D	-0.06%
ONTO	D	-0.06%
RLI	B	-0.06%
BRKR	D	-0.06%
BERY	B	-0.06%
OLED	D	-0.06%
PB	A	-0.06%
INFA	D	-0.06%
CHE	D	-0.06%
TTC	D	-0.06%
RRC	B	-0.06%
SSB	B	-0.06%
APPF	B	-0.06%
MHK	D	-0.06%
OGE	B	-0.06%
CHRD	D	-0.06%
EGP	F	-0.06%
APA	D	-0.06%
AUR	C	-0.06%
FYBR	D	-0.06%
DINO	D	-0.06%
HESM	B	-0.06%
HQY	B	-0.06%
ENSG	D	-0.06%
MTSI	B	-0.06%
AXTA	A	-0.06%
CRS	A	-0.06%
PLNT	A	-0.06%
GPK	C	-0.06%
SUM	B	-0.06%
ALTR	B	-0.06%
WTFC	A	-0.06%
FLR	B	-0.06%
ROIV	C	-0.06%
ZION	B	-0.06%
DCI	B	-0.06%
KNX	B	-0.06%
FBIN	D	-0.06%
CIEN	B	-0.06%
FOUR	B	-0.06%
CFR	B	-0.06%
BRX	A	-0.06%
S	B	-0.06%
TPX	B	-0.06%
ESTC	C	-0.06%
CNM	D	-0.06%
SITE	D	-0.05%
AN	C	-0.05%
AMKR	D	-0.05%
COLD	D	-0.05%
CGNX	C	-0.05%
MTH	D	-0.05%
SATS	D	-0.05%
NUVL	D	-0.05%
AGCO	D	-0.05%
WFRD	D	-0.05%
WSC	D	-0.05%
GNTX	C	-0.05%
STAG	F	-0.05%
SPSC	C	-0.05%
WTS	B	-0.05%
CELH	F	-0.05%
STWD	C	-0.05%
ATI	D	-0.05%
NPAB	B	-0.05%
HCP	B	-0.05%
PATH	C	-0.05%
FCN	D	-0.05%
FR	C	-0.05%
MTN	C	-0.05%
MSA	D	-0.05%
BWA	D	-0.05%
LSCC	D	-0.05%
WEX	D	-0.05%
RHI	B	-0.05%
AM	A	-0.05%
GAP	C	-0.05%
DLB	B	-0.05%
TMHC	B	-0.05%
JAZZ	B	-0.05%
KBR	F	-0.05%
BOKF	B	-0.05%
MIDD	C	-0.05%
SSD	D	-0.05%
GKOS	B	-0.05%
LPX	B	-0.05%
MKSI	C	-0.05%
ADC	B	-0.05%
VNO	B	-0.05%
FRPT	B	-0.05%
AGNC	D	-0.05%
RGEN	D	-0.05%
G	B	-0.05%
KEX	C	-0.05%
U	C	-0.05%
UFPI	B	-0.05%
SAIC	F	-0.04%
IBP	D	-0.04%
ESNT	D	-0.04%
LNTH	D	-0.04%
TRNO	F	-0.04%
ARW	D	-0.04%
VKTX	F	-0.04%
LSTR	D	-0.04%
ELAN	D	-0.04%
QRVO	F	-0.04%
BFAM	D	-0.04%
POST	C	-0.04%
ACHC	F	-0.03%
LCID	F	-0.03%