PHEQ vs. SSPY ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	SSPY
30 Days	1.99%	4.23%
60 Days	3.02%	1.79%
90 Days	3.86%	3.72%
12 Months	16.61%	23.81%

147 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in SSPY	Overlap
AAPL	C	6.85%	0.5%	0.5%
ABBV	D	0.85%	0.24%	0.24%
ABNB	C	0.15%	0.12%	0.12%
ABT	B	0.6%	0.06%	0.06%
ADBE	C	0.48%	0.16%	0.16%
AEE	A	0.3%	0.08%	0.08%
AKAM	D	0.16%	0.27%	0.16%
ALGN	D	0.06%	0.1%	0.06%
AMCR	D	0.21%	0.13%	0.13%
AMD	F	0.51%	0.14%	0.14%
AME	A	0.28%	0.13%	0.13%
AMGN	D	0.45%	0.24%	0.24%
AMZN	C	4.1%	0.22%	0.22%
APTV	D	0.14%	0.4%	0.14%
ARE	D	0.21%	0.11%	0.11%
AVB	B	0.35%	0.1%	0.1%
AVGO	D	1.71%	0.23%	0.23%
AXP	A	0.57%	0.04%	0.04%
BA	F	0.32%	0.16%	0.16%
BAC	A	0.98%	0.12%	0.12%
BKNG	A	0.39%	0.11%	0.11%
BLDR	D	0.08%	0.19%	0.08%
BMY	B	0.48%	0.25%	0.25%
BRK.A	B	1.42%	0.5%	0.5%
BRO	B	0.31%	0.04%	0.04%
CAG	D	0.17%	0.21%	0.17%
CAT	B	0.55%	0.14%	0.14%
CE	F	0.05%	0.07%	0.05%
CFG	B	0.26%	0.06%	0.06%
CMS	C	0.31%	0.08%	0.08%
CNP	B	0.28%	0.26%	0.26%
COR	B	0.3%	0.18%	0.18%
COST	B	1.07%	0.71%	0.71%
CPB	D	0.18%	0.2%	0.18%
CRM	B	0.63%	0.35%	0.35%
CRWD	B	0.17%	0.18%	0.17%
CSCO	B	0.79%	0.21%	0.21%
CTAS	B	0.42%	0.18%	0.18%
CVX	A	0.84%	0.76%	0.76%
DAL	C	0.39%	0.28%	0.28%
DE	A	0.44%	0.13%	0.13%
DELL	C	0.14%	0.17%	0.14%
DIS	B	0.57%	0.21%	0.21%
DOC	D	0.29%	0.11%	0.11%
DOV	A	0.33%	0.17%	0.17%
DRI	B	0.3%	0.51%	0.3%
DTE	C	0.31%	0.25%	0.25%
DVN	F	0.17%	0.16%	0.16%
ENPH	F	0.03%	0.26%	0.03%
EQR	B	0.32%	0.1%	0.1%
ESS	B	0.19%	0.1%	0.1%
ETR	B	0.4%	0.25%	0.25%
EXPD	D	0.23%	0.09%	0.09%
EXR	D	0.32%	0.11%	0.11%
FANG	D	0.24%	0.07%	0.07%
FE	C	0.24%	0.24%	0.24%
GLW	B	0.25%	0.19%	0.19%
GOOG	C	1.9%	0.23%	0.23%
GOOGL	C	2.28%	0.23%	0.23%
HAL	C	0.16%	0.34%	0.16%
HBAN	A	0.31%	0.06%	0.06%
HD	A	1.15%	0.26%	0.26%
HIG	B	0.33%	0.14%	0.14%
HUBB	B	0.13%	0.26%	0.13%
HWM	A	0.36%	0.08%	0.08%
IBM	C	0.56%	0.34%	0.34%
IFF	D	0.16%	0.05%	0.05%
ISRG	A	0.58%	0.12%	0.12%
JBHT	C	0.24%	0.08%	0.08%
JNJ	D	1.04%	0.24%	0.24%
JPM	A	1.73%	0.13%	0.13%
K	A	0.34%	0.18%	0.18%
KKR	A	0.46%	0.09%	0.09%
KLAC	D	0.34%	0.17%	0.17%
KMB	D	0.33%	0.42%	0.33%
KO	D	0.77%	0.25%	0.25%
L	A	0.24%	0.49%	0.24%
LH	C	0.31%	0.16%	0.16%
LIN	D	0.67%	0.04%	0.04%
LLY	F	1.39%	0.23%	0.23%
LMT	D	0.58%	0.09%	0.09%
LNT	A	0.33%	0.08%	0.08%
LOW	D	0.57%	0.26%	0.26%
LULU	C	0.21%	0.31%	0.21%
LYB	F	0.22%	0.07%	0.07%
MA	C	1.14%	0.04%	0.04%
MAA	B	0.27%	0.1%	0.1%
MDT	D	0.51%	0.06%	0.06%
META	D	2.66%	0.47%	0.47%
MGM	D	0.13%	0.07%	0.07%
MMM	D	0.44%	0.17%	0.17%
MOH	F	0.14%	0.25%	0.14%
MRK	F	0.69%	0.24%	0.24%
MRNA	F	0.01%	0.24%	0.01%
MRO	B	0.24%	0.07%	0.07%
MS	A	0.39%	0.26%	0.26%
MSFT	F	6.55%	0.32%	0.32%
MU	D	0.31%	0.15%	0.15%
NDAQ	A	0.24%	0.04%	0.04%
NDSN	B	0.14%	0.03%	0.03%
NEM	D	0.23%	0.25%	0.23%
NFLX	A	0.8%	0.22%	0.22%
NOW	A	0.61%	0.22%	0.22%
NVDA	C	7.12%	0.13%	0.13%
ON	D	0.14%	0.23%	0.14%
ORCL	B	0.73%	0.34%	0.34%
OTIS	C	0.33%	0.08%	0.08%
PANW	C	0.3%	0.16%	0.16%
PEP	F	0.72%	0.18%	0.18%
PFG	D	0.2%	0.21%	0.2%
PG	A	1.09%	0.42%	0.42%
PHM	D	0.3%	0.25%	0.25%
PLTR	B	0.36%	0.23%	0.23%
PPG	F	0.18%	0.07%	0.07%
PPL	B	0.34%	0.08%	0.08%
PRU	A	0.37%	0.2%	0.2%
PYPL	B	0.28%	0.06%	0.06%
QCOM	F	0.33%	0.22%	0.22%
REGN	F	0.21%	0.22%	0.21%
RMD	C	0.24%	0.09%	0.09%
ROST	C	0.32%	0.72%	0.32%
RSG	A	0.34%	0.18%	0.18%
SCHW	B	0.35%	0.25%	0.25%
STLD	B	0.11%	0.27%	0.11%
SYF	B	0.27%	0.69%	0.27%
T	A	0.68%	0.33%	0.33%
TMO	F	0.59%	0.14%	0.14%
TMUS	B	0.51%	0.33%	0.33%
TRGP	B	0.46%	0.24%	0.24%
TRV	B	0.39%	0.14%	0.14%
TSLA	B	1.91%	0.28%	0.28%
TXN	C	0.59%	0.23%	0.23%
UBER	D	0.29%	0.11%	0.11%
ULTA	F	0.23%	0.17%	0.17%
UNH	C	1.37%	0.26%	0.26%
UNP	C	0.52%	0.08%	0.08%
URI	B	0.24%	0.14%	0.14%
V	A	1.28%	0.04%	0.04%
VRTX	F	0.36%	0.23%	0.23%
WBD	C	0.18%	0.19%	0.18%
WFC	A	0.67%	0.13%	0.13%
WM	A	0.44%	0.18%	0.18%
WMT	A	0.96%	0.73%	0.73%
WRB	A	0.21%	0.14%	0.14%
XOM	B	1.4%	0.77%	0.77%
YUM	B	0.33%	0.51%	0.33%
ZBH	C	0.14%	0.12%	0.12%

PHEQ Overweight 56 Positions Relative to SSPY

Symbol	Grade	Weight
APO	B	0.3%
LRCX	F	0.29%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	0.25%
MKL	A	0.23%
LNG	B	0.22%
HEI	B	0.22%
SSNC	B	0.21%
MSTR	C	0.2%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
CSL	C	0.18%
HEI	B	0.14%
HUBS	A	0.14%
WDAY	B	0.13%
DASH	A	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%
IBKR	A	0.11%
VRT	B	0.1%
VEEV	C	0.1%
SUI	D	0.1%
DOX	D	0.09%
TRU	D	0.09%
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%
AVTR	F	0.06%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	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%
RKT	F	0.03%
WSM	B	0.02%
WMG	C	0.02%

PHEQ Underweight 353 Positions Relative to SSPY

Symbol	Grade	Weight
SYY	B	-0.75%
KR	B	-0.74%
TJX	A	-0.72%
COF	B	-0.7%
CVS	D	-0.69%
DFS	B	-0.69%
WBA	F	-0.64%
CMCSA	B	-0.52%
DPZ	C	-0.52%
PSX	C	-0.51%
VLO	C	-0.5%
EL	F	-0.5%
CMG	B	-0.5%
MCD	D	-0.5%
EA	A	-0.49%
MPC	D	-0.49%
TTWO	A	-0.49%
MSI	B	-0.49%
SBUX	A	-0.48%
CHTR	C	-0.47%
MTCH	D	-0.47%
KVUE	A	-0.42%
BWA	D	-0.42%
CHD	B	-0.42%
VST	B	-0.41%
CL	D	-0.41%
CLX	B	-0.41%
J	F	-0.4%
PWR	A	-0.4%
JBL	B	-0.38%
CEG	D	-0.38%
ADM	D	-0.37%
BG	F	-0.37%
TSN	B	-0.36%
HRL	D	-0.36%
SLB	C	-0.35%
HPQ	B	-0.35%
PM	B	-0.35%
BKR	B	-0.35%
MO	A	-0.35%
IPG	D	-0.34%
OMC	C	-0.34%
SNPS	B	-0.34%
ATO	A	-0.33%
GRMN	B	-0.33%
TPR	B	-0.33%
NI	A	-0.33%
VZ	C	-0.33%
NRG	B	-0.33%
HCA	F	-0.33%
NKE	D	-0.33%
CDNS	B	-0.33%
AES	F	-0.32%
AWK	D	-0.32%
UHS	D	-0.32%
RL	B	-0.32%
FCX	D	-0.3%
EXC	C	-0.3%
DECK	A	-0.3%
UAL	A	-0.28%
SWK	D	-0.27%
GDDY	A	-0.27%
EQIX	A	-0.27%
VRSN	F	-0.27%
NUE	C	-0.26%
PEG	A	-0.26%
HAS	D	-0.26%
CNC	D	-0.26%
NVR	D	-0.26%
HUM	C	-0.26%
DLR	B	-0.26%
ETN	A	-0.26%
LEN	D	-0.25%
GM	B	-0.25%
WMB	A	-0.25%
F	C	-0.25%
GILD	C	-0.25%
CTLT	B	-0.25%
EIX	B	-0.25%
STZ	D	-0.25%
ZTS	D	-0.25%
SNA	A	-0.25%
LUV	C	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
TAP	C	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
GS	A	-0.25%
DHI	D	-0.24%
AEP	D	-0.24%
D	C	-0.24%
OKE	A	-0.24%
VTRS	A	-0.24%
ED	D	-0.24%
PFE	D	-0.24%
KDP	D	-0.24%
BIIB	F	-0.24%
NEE	D	-0.24%
ELV	F	-0.24%
CPRT	A	-0.23%
NXPI	D	-0.23%
PAYC	B	-0.22%
TYL	B	-0.22%
LW	C	-0.22%
EBAY	D	-0.22%
DAY	B	-0.22%
ADI	D	-0.22%
MPWR	F	-0.22%
FFIV	B	-0.21%
KEYS	A	-0.21%
ANET	C	-0.21%
AOS	F	-0.21%
MKC	D	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
GIS	D	-0.21%
MET	A	-0.21%
PAYX	C	-0.21%
ADP	B	-0.21%
ALL	A	-0.2%
GL	B	-0.2%
AIG	B	-0.2%
IEX	B	-0.2%
IR	B	-0.2%
JNPR	F	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
INTU	C	-0.2%
AIZ	A	-0.2%
ERIE	D	-0.2%
HSIC	B	-0.2%
FSLR	F	-0.2%
MHK	D	-0.19%
CI	F	-0.19%
APH	A	-0.19%
XYL	D	-0.19%
CAH	B	-0.19%
TEL	B	-0.19%
PGR	A	-0.19%
HPE	B	-0.19%
MAS	D	-0.19%
PNR	A	-0.19%
BBWI	D	-0.19%
HSY	F	-0.18%
AMAT	F	-0.18%
GEV	B	-0.18%
EQT	B	-0.18%
MDLZ	F	-0.18%
ROL	B	-0.18%
MCK	B	-0.18%
HON	B	-0.17%
TGT	F	-0.17%
ADSK	A	-0.17%
TER	D	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
FTNT	C	-0.17%
NTAP	C	-0.17%
GEN	B	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
WY	D	-0.17%
CTRA	B	-0.17%
GE	D	-0.17%
MLM	B	-0.17%
DLTR	F	-0.17%
PTC	A	-0.17%
VMC	B	-0.17%
STX	D	-0.17%
WDC	D	-0.17%
INTC	D	-0.16%
GD	F	-0.16%
TXT	D	-0.16%
DGX	A	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
A	D	-0.15%
GPC	D	-0.15%
WAT	B	-0.15%
MTD	D	-0.15%
MCHP	D	-0.14%
AZO	C	-0.14%
IQV	D	-0.14%
CINF	A	-0.14%
ORLY	B	-0.14%
CRL	C	-0.14%
CB	C	-0.14%
ACGL	D	-0.14%
KMX	B	-0.14%
EG	C	-0.14%
LKQ	D	-0.14%
BALL	D	-0.13%
FAST	B	-0.13%
PCAR	B	-0.13%
CDW	F	-0.13%
POOL	C	-0.13%
ACN	C	-0.13%
EPAM	C	-0.13%
CTSH	B	-0.13%
ZBRA	B	-0.13%
C	A	-0.13%
WAB	B	-0.13%
IT	C	-0.13%
LDOS	C	-0.13%
STT	A	-0.12%
HLT	A	-0.12%
MAR	B	-0.12%
SYK	C	-0.12%
STE	F	-0.12%
EXPE	B	-0.12%
GWW	B	-0.12%
TSCO	D	-0.12%
VTR	C	-0.11%
WELL	A	-0.11%
DVA	B	-0.11%
PSA	D	-0.11%
CPT	B	-0.11%
BR	A	-0.11%
BXP	D	-0.11%
HST	C	-0.11%
BK	A	-0.11%
DXCM	D	-0.1%
PODD	C	-0.1%
HOLX	D	-0.1%
DHR	F	-0.1%
NWSA	B	-0.1%
IDXX	F	-0.1%
NWS	B	-0.1%
RVTY	F	-0.1%
INVH	D	-0.1%
GEHC	F	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FOXA	B	-0.1%
TROW	B	-0.09%
FMC	D	-0.09%
BEN	C	-0.09%
NOC	D	-0.09%
UPS	C	-0.09%
AXON	A	-0.09%
RCL	A	-0.09%
CCL	B	-0.09%
CHRW	C	-0.09%
CF	B	-0.09%
NCLH	B	-0.09%
LYV	A	-0.09%
IVZ	B	-0.09%
ALLE	D	-0.08%
PCG	A	-0.08%
SO	D	-0.08%
SRE	A	-0.08%
XEL	A	-0.08%
EVRG	A	-0.08%
CARR	D	-0.08%
TDG	D	-0.08%
JCI	C	-0.08%
PH	A	-0.08%
CMI	A	-0.08%
NSC	B	-0.08%
GNRC	B	-0.08%
WYNN	D	-0.08%
ODFL	B	-0.08%
RTX	C	-0.08%
HII	D	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
BLK	C	-0.08%
LHX	C	-0.08%
LVS	C	-0.08%
AMP	A	-0.08%
MOS	F	-0.08%
CSX	B	-0.08%
CTVA	C	-0.08%
O	D	-0.07%
SPG	B	-0.07%
SW	A	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
EOG	A	-0.07%
DOW	F	-0.07%
APA	D	-0.07%
HES	B	-0.07%
PNW	B	-0.07%
FDX	B	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
TT	A	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
FI	A	-0.06%
USB	A	-0.06%
FITB	A	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
EW	C	-0.06%
AVY	D	-0.06%
BSX	B	-0.06%
IP	B	-0.06%
PKG	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SHW	A	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%
FICO	B	-0.05%
ECL	D	-0.05%
SOLV	C	-0.05%
BAX	D	-0.05%
APD	A	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
WST	C	-0.05%
EMN	D	-0.05%
DD	D	-0.05%
ALB	C	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	A	-0.04%
MMC	B	-0.04%
EFX	F	-0.04%
CBRE	B	-0.04%
CSGP	D	-0.04%
VRSK	A	-0.04%
SPGI	C	-0.04%
GPN	B	-0.04%
FDS	B	-0.04%
MCO	B	-0.04%
CBOE	B	-0.04%
MSCI	C	-0.04%
ICE	C	-0.04%
CPAY	A	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
ROP	B	-0.03%
VLTO	D	-0.03%
ROK	B	-0.03%
TDY	B	-0.03%
EMR	A	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
AJG	B	-0.03%
WTW	B	-0.03%