SPYV vs. PHEQ ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to Parametric Hedged Equity ETF (PHEQ)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

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

Performance

Period	SPYV	PHEQ
30 Days	2.77%	1.99%
60 Days	4.01%	3.02%
90 Days	6.06%	3.86%
12 Months	26.94%	16.61%

116 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in PHEQ	Overlap
ABBV	D	0.88%	0.85%	0.85%
ABNB	C	0.14%	0.15%	0.14%
ABT	B	0.94%	0.6%	0.6%
AEE	A	0.11%	0.3%	0.11%
AKAM	D	0.03%	0.16%	0.03%
ALGN	D	0.03%	0.06%	0.03%
AMCR	D	0.07%	0.21%	0.07%
AME	A	0.11%	0.28%	0.11%
AMGN	D	0.75%	0.45%	0.45%
APTV	D	0.07%	0.14%	0.07%
ARE	D	0.08%	0.21%	0.08%
AVB	B	0.15%	0.35%	0.15%
AXP	A	0.23%	0.57%	0.23%
BA	F	0.26%	0.32%	0.26%
BAC	A	1.45%	0.98%	0.98%
BMY	B	0.56%	0.48%	0.48%
BRK.A	B	4.01%	1.42%	1.42%
BRO	B	0.03%	0.31%	0.03%
CAG	D	0.06%	0.17%	0.06%
CAT	B	0.37%	0.55%	0.37%
CFG	B	0.1%	0.26%	0.1%
CMS	C	0.09%	0.31%	0.09%
CNP	B	0.09%	0.28%	0.09%
COR	B	0.2%	0.3%	0.2%
COST	B	1.11%	1.07%	1.07%
CPB	D	0.04%	0.18%	0.04%
CSCO	B	1.09%	0.79%	0.79%
CTAS	B	0.16%	0.42%	0.16%
CVX	A	1.29%	0.84%	0.84%
DAL	C	0.09%	0.39%	0.09%
DE	A	0.2%	0.44%	0.2%
DELL	C	0.08%	0.14%	0.08%
DIS	B	0.93%	0.57%	0.57%
DOC	D	0.07%	0.29%	0.07%
DOV	A	0.13%	0.33%	0.13%
DRI	B	0.04%	0.3%	0.04%
DTE	C	0.12%	0.31%	0.12%
DVN	F	0.12%	0.17%	0.12%
ENPH	F	0.03%	0.03%	0.03%
EQR	B	0.12%	0.32%	0.12%
ESS	B	0.09%	0.19%	0.09%
ETR	B	0.15%	0.4%	0.15%
EXPD	D	0.05%	0.23%	0.05%
EXR	D	0.16%	0.32%	0.16%
FE	C	0.1%	0.24%	0.1%
GLW	B	0.17%	0.25%	0.17%
HAL	C	0.12%	0.16%	0.12%
HBAN	A	0.12%	0.31%	0.12%
HD	A	1.19%	1.15%	1.15%
HIG	B	0.16%	0.33%	0.16%
HUBB	B	0.06%	0.13%	0.06%
HWM	A	0.09%	0.36%	0.09%
IBM	C	0.9%	0.56%	0.56%
IFF	D	0.11%	0.16%	0.11%
ISRG	A	0.3%	0.58%	0.3%
JBHT	C	0.07%	0.24%	0.07%
JNJ	D	1.71%	1.04%	1.04%
JPM	A	3.22%	1.73%	1.73%
K	A	0.1%	0.34%	0.1%
KMB	D	0.21%	0.33%	0.21%
KO	D	0.69%	0.77%	0.69%
L	A	0.07%	0.24%	0.07%
LH	C	0.09%	0.31%	0.09%
LIN	D	0.49%	0.67%	0.49%
LMT	D	0.54%	0.58%	0.54%
LNT	A	0.07%	0.33%	0.07%
LOW	D	0.72%	0.57%	0.57%
LYB	F	0.1%	0.22%	0.1%
MA	C	0.56%	1.14%	0.56%
MAA	B	0.09%	0.27%	0.09%
MDT	D	0.52%	0.51%	0.51%
MGM	D	0.01%	0.13%	0.01%
MMM	D	0.34%	0.44%	0.34%
MOH	F	0.03%	0.14%	0.03%
MRK	F	0.7%	0.69%	0.69%
MRNA	F	0.06%	0.01%	0.01%
MRO	B	0.04%	0.24%	0.04%
MS	A	0.77%	0.39%	0.39%
MU	D	0.52%	0.31%	0.31%
NDAQ	A	0.15%	0.24%	0.15%
NDSN	B	0.07%	0.14%	0.07%
NEM	D	0.22%	0.23%	0.22%
ON	D	0.08%	0.14%	0.08%
OTIS	C	0.11%	0.33%	0.11%
PEP	F	0.68%	0.72%	0.68%
PFG	D	0.09%	0.2%	0.09%
PG	A	1.12%	1.09%	1.09%
PPG	F	0.13%	0.18%	0.13%
PPL	B	0.12%	0.34%	0.12%
PRU	A	0.21%	0.37%	0.21%
PYPL	B	0.41%	0.28%	0.28%
QCOM	F	0.41%	0.33%	0.33%
REGN	F	0.16%	0.21%	0.16%
RMD	C	0.16%	0.24%	0.16%
RSG	A	0.09%	0.34%	0.09%
SCHW	B	0.56%	0.35%	0.35%
STLD	B	0.03%	0.11%	0.03%
SYF	B	0.12%	0.27%	0.12%
T	A	0.75%	0.68%	0.68%
TMO	F	0.59%	0.59%	0.59%
TMUS	B	0.55%	0.51%	0.51%
TRV	B	0.27%	0.39%	0.27%
TXN	C	0.56%	0.59%	0.56%
ULTA	F	0.03%	0.23%	0.03%
UNH	C	1.59%	1.37%	1.37%
UNP	C	0.37%	0.52%	0.37%
V	A	0.82%	1.28%	0.82%
VRTX	F	0.21%	0.36%	0.21%
WBD	C	0.1%	0.18%	0.1%
WFC	A	1.16%	0.67%	0.67%
WM	A	0.2%	0.44%	0.2%
WMT	A	1.72%	0.96%	0.96%
WRB	A	0.08%	0.21%	0.08%
XOM	B	2.51%	1.4%	1.4%
YUM	B	0.1%	0.33%	0.1%
ZBH	C	0.1%	0.14%	0.1%

SPYV Overweight 317 Positions Relative to PHEQ

Symbol	Grade	Weight
GS	A	0.87%
VZ	C	0.81%
CMCSA	B	0.79%
RTX	C	0.74%
DHR	F	0.72%
NEE	D	0.72%
HON	B	0.7%
PFE	D	0.69%
BLK	C	0.68%
C	A	0.61%
PM	B	0.59%
MCD	D	0.56%
GILD	C	0.54%
GE	D	0.52%
PLD	D	0.5%
INTC	D	0.5%
CB	C	0.5%
ACN	C	0.49%
UPS	C	0.46%
ELV	F	0.44%
MO	A	0.44%
SO	D	0.44%
SPGI	C	0.43%
ICE	C	0.42%
CI	F	0.42%
DUK	C	0.4%
PNC	B	0.39%
USB	A	0.37%
MCK	B	0.37%
WELL	A	0.36%
EMR	A	0.35%
ADP	B	0.35%
GD	F	0.35%
PGR	A	0.35%
COF	B	0.33%
APD	A	0.33%
TGT	F	0.33%
NOC	D	0.32%
CVS	D	0.32%
BDX	F	0.31%
FDX	B	0.31%
GM	B	0.3%
SLB	C	0.29%
TFC	A	0.29%
NSC	B	0.28%
JCI	C	0.27%
BK	A	0.27%
SRE	A	0.27%
BSX	B	0.27%
FI	A	0.27%
ETN	A	0.26%
AFL	B	0.26%
MMC	B	0.25%
AMT	D	0.25%
PSX	C	0.25%
MDLZ	F	0.24%
GEV	B	0.24%
CME	A	0.24%
ALL	A	0.24%
KMI	A	0.24%
NKE	D	0.24%
FIS	C	0.23%
MET	A	0.23%
AIG	B	0.23%
O	D	0.23%
CMI	A	0.23%
AEP	D	0.23%
SBUX	A	0.22%
LHX	C	0.22%
D	C	0.22%
SYK	C	0.22%
TJX	A	0.22%
CCI	D	0.21%
PCG	A	0.21%
VLO	C	0.21%
SHW	A	0.21%
KVUE	A	0.21%
EQIX	A	0.21%
CL	D	0.21%
BKR	B	0.2%
ADI	D	0.2%
F	C	0.2%
PEG	A	0.2%
CBRE	B	0.19%
CTVA	C	0.19%
MCO	B	0.19%
AON	A	0.19%
CTSH	B	0.19%
COP	C	0.19%
WMB	A	0.19%
KDP	D	0.18%
GEHC	F	0.18%
STZ	D	0.18%
A	D	0.18%
EXC	C	0.18%
XEL	A	0.18%
APH	A	0.18%
CEG	D	0.18%
KR	B	0.18%
ITW	B	0.18%
MTB	A	0.17%
ZTS	D	0.17%
HPQ	B	0.17%
GIS	D	0.17%
BX	A	0.17%
SYY	B	0.17%
HCA	F	0.16%
HUM	C	0.16%
OXY	D	0.16%
SPG	B	0.16%
ROP	B	0.16%
CSX	B	0.16%
WAB	B	0.16%
MSI	B	0.16%
DD	D	0.16%
FCX	D	0.15%
DOW	F	0.15%
AJG	B	0.15%
ADSK	A	0.15%
EIX	B	0.15%
FITB	A	0.15%
WTW	B	0.15%
DLR	B	0.15%
CARR	D	0.15%
VICI	C	0.15%
ED	D	0.15%
XYL	D	0.14%
GPN	B	0.14%
CAH	B	0.14%
RJF	A	0.14%
UAL	A	0.14%
PSA	D	0.14%
WEC	A	0.14%
EBAY	D	0.14%
ECL	D	0.14%
CNC	D	0.14%
TROW	B	0.13%
KEYS	A	0.13%
HPE	B	0.13%
KHC	F	0.13%
STT	A	0.13%
PAYX	C	0.13%
TT	A	0.13%
SW	A	0.12%
EW	C	0.12%
ADM	D	0.12%
VLTO	D	0.12%
EQT	B	0.12%
AWK	D	0.12%
AMP	A	0.12%
EOG	A	0.12%
VTR	C	0.12%
WY	D	0.11%
LDOS	C	0.11%
CINF	A	0.11%
FAST	B	0.11%
MPC	D	0.11%
OKE	A	0.11%
RF	A	0.11%
BIIB	F	0.11%
ZBRA	B	0.1%
CLX	B	0.1%
MSCI	C	0.1%
OMC	C	0.1%
CHTR	C	0.1%
WDC	D	0.1%
FSLR	F	0.1%
PKG	A	0.1%
NTRS	A	0.1%
IQV	D	0.1%
ES	D	0.1%
EA	A	0.1%
TDY	B	0.1%
ATO	A	0.1%
TSN	B	0.09%
VRSK	A	0.09%
BALL	D	0.09%
MKC	D	0.09%
NRG	B	0.09%
INVH	D	0.09%
ORLY	B	0.09%
LUV	C	0.09%
EFX	F	0.09%
PH	A	0.09%
IP	B	0.09%
DFS	B	0.09%
TXT	D	0.08%
NI	A	0.08%
AVY	D	0.08%
BAX	D	0.08%
GEN	B	0.08%
IRM	D	0.08%
PCAR	B	0.08%
MTD	D	0.08%
HSY	F	0.08%
AZO	C	0.08%
KIM	A	0.08%
ROK	B	0.08%
DG	F	0.08%
TRMB	B	0.08%
GPC	D	0.08%
TSCO	D	0.08%
TER	D	0.08%
IEX	B	0.08%
DGX	A	0.08%
CSGP	D	0.08%
J	F	0.08%
KEY	B	0.08%
BBY	D	0.08%
LEN	D	0.08%
HOLX	D	0.08%
CDW	F	0.07%
SBAC	D	0.07%
WAT	B	0.07%
FFIV	B	0.07%
NXPI	D	0.07%
RVTY	F	0.07%
CHD	B	0.07%
EVRG	A	0.07%
MCHP	D	0.07%
TTWO	A	0.07%
PWR	A	0.07%
GRMN	B	0.07%
VTRS	A	0.07%
EL	F	0.07%
NTAP	C	0.07%
IDXX	F	0.07%
MNST	C	0.07%
EG	C	0.07%
EMN	D	0.06%
SJM	D	0.06%
ALB	C	0.06%
UHS	D	0.06%
STX	D	0.06%
REG	B	0.06%
MLM	B	0.06%
KMX	B	0.06%
BG	F	0.06%
INCY	C	0.06%
JKHY	D	0.06%
JNPR	F	0.06%
ANSS	B	0.06%
CPT	B	0.06%
NUE	C	0.06%
CHRW	C	0.06%
GWW	B	0.06%
SWK	D	0.06%
DLTR	F	0.06%
TPR	B	0.06%
SWKS	F	0.06%
UDR	B	0.06%
VMC	B	0.06%
IR	B	0.05%
STE	F	0.05%
GL	B	0.05%
AES	F	0.05%
FDS	B	0.05%
MKTX	D	0.05%
CRL	C	0.05%
LKQ	D	0.05%
PNW	B	0.05%
SNA	A	0.05%
CTLT	B	0.05%
FOXA	B	0.05%
IPG	D	0.05%
TAP	C	0.05%
NWSA	B	0.05%
AIZ	A	0.05%
PODD	C	0.05%
BR	A	0.05%
TECH	D	0.05%
BXP	D	0.05%
DXCM	D	0.05%
ALLE	D	0.04%
HII	D	0.04%
BWA	D	0.04%
MAS	D	0.04%
IVZ	B	0.04%
ROL	B	0.04%
VRSN	F	0.04%
MTCH	D	0.04%
HAS	D	0.04%
MOS	F	0.04%
EPAM	C	0.04%
HSIC	B	0.04%
FRT	B	0.04%
HRL	D	0.04%
TFX	F	0.04%
PTC	A	0.04%
DPZ	C	0.04%
SOLV	C	0.04%
DAY	B	0.03%
FOX	A	0.03%
POOL	C	0.03%
QRVO	F	0.03%
WBA	F	0.03%
PAYC	B	0.03%
CTRA	B	0.03%
LVS	C	0.03%
BEN	C	0.03%
JBL	B	0.03%
PARA	C	0.03%
FMC	D	0.03%
CF	B	0.03%
CCL	B	0.03%
MHK	D	0.03%
CBOE	B	0.03%
AOS	F	0.02%
CZR	F	0.02%
NWS	B	0.02%
RL	B	0.02%
LW	C	0.02%
ERIE	D	0.02%
GNRC	B	0.02%
HST	C	0.02%
PNR	A	0.02%
DVA	B	0.01%

SPYV Underweight 87 Positions Relative to PHEQ

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%
AVGO	D	-1.71%
LLY	F	-1.39%
NFLX	A	-0.8%
ORCL	B	-0.73%
CRM	B	-0.63%
NOW	A	-0.61%
AMD	F	-0.51%
ADBE	C	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
BKNG	A	-0.39%
PLTR	B	-0.36%
KLAC	D	-0.34%
ROST	C	-0.32%
PANW	C	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
LRCX	F	-0.29%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
URI	B	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
LNG	B	-0.22%
HEI	B	-0.22%
SSNC	B	-0.21%
LULU	C	-0.21%
MSTR	C	-0.2%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
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%
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%
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%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%