TSPA vs. PHEQ ETF Comparison

Comparison of T. Rowe Price U.S. Equity Research ETF (TSPA) to Parametric Hedged Equity ETF (PHEQ)

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.49

Average Daily Volume

116,042

Number of Holdings ^*

342

* 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	TSPA	PHEQ
30 Days	2.99%	1.99%
60 Days	4.57%	3.02%
90 Days	6.02%	3.86%
12 Months	33.63%	16.61%

117 Overlapping Holdings

Symbol	Grade	Weight in TSPA	Weight in PHEQ	Overlap
AAPL	C	7.37%	6.85%	6.85%
ABBV	D	0.62%	0.85%	0.62%
ABNB	C	0.11%	0.15%	0.11%
ABT	B	0.19%	0.6%	0.19%
ADBE	C	0.49%	0.48%	0.48%
AEE	A	0.19%	0.3%	0.19%
AMD	F	0.55%	0.51%	0.51%
AME	A	0.02%	0.28%	0.02%
AMGN	D	0.44%	0.45%	0.44%
AMZN	C	3.66%	4.1%	3.66%
APO	B	0.07%	0.3%	0.07%
APTV	D	0.02%	0.14%	0.02%
ARES	A	0.12%	0.25%	0.12%
AVB	B	0.07%	0.35%	0.07%
AVGO	D	1.69%	1.71%	1.69%
AXP	A	0.37%	0.57%	0.37%
BA	F	0.24%	0.32%	0.24%
BAC	A	0.61%	0.98%	0.61%
BAH	F	0.03%	0.12%	0.03%
BKNG	A	0.31%	0.39%	0.31%
BMY	B	0.13%	0.48%	0.13%
BRK.A	B	1.23%	1.42%	1.23%
CAT	B	0.15%	0.55%	0.15%
CMS	C	0.08%	0.31%	0.08%
CNP	B	0.06%	0.28%	0.06%
COR	B	0.12%	0.3%	0.12%
COST	B	0.8%	1.07%	0.8%
CPB	D	0.02%	0.18%	0.02%
CRM	B	0.79%	0.63%	0.63%
CRWD	B	0.11%	0.17%	0.11%
CSCO	B	0.32%	0.79%	0.32%
CTAS	B	0.1%	0.42%	0.1%
CVX	A	0.47%	0.84%	0.47%
DAL	C	0.05%	0.39%	0.05%
DE	A	0.24%	0.44%	0.24%
DIS	B	0.2%	0.57%	0.2%
DOV	A	0.1%	0.33%	0.1%
DVN	F	0.04%	0.17%	0.04%
ESS	B	0.13%	0.19%	0.13%
ETR	B	0.1%	0.4%	0.1%
EXR	D	0.01%	0.32%	0.01%
FANG	D	0.12%	0.24%	0.12%
FE	C	0.08%	0.24%	0.08%
GOOG	C	2.14%	1.9%	1.9%
GOOGL	C	1.48%	2.28%	1.48%
HAL	C	0.09%	0.16%	0.09%
HBAN	A	0.13%	0.31%	0.13%
HD	A	0.9%	1.15%	0.9%
HIG	B	0.28%	0.33%	0.28%
HUBB	B	0.16%	0.13%	0.13%
HWM	A	0.16%	0.36%	0.16%
IBM	C	0.23%	0.56%	0.23%
ISRG	A	0.48%	0.58%	0.48%
JBHT	C	0.01%	0.24%	0.01%
JNJ	D	0.68%	1.04%	0.68%
JPM	A	1.16%	1.73%	1.16%
K	A	0.02%	0.34%	0.02%
KKR	A	0.19%	0.46%	0.19%
KLAC	D	0.43%	0.34%	0.34%
KMB	D	0.09%	0.33%	0.09%
KO	D	0.68%	0.77%	0.68%
LIN	D	0.7%	0.67%	0.67%
LLY	F	1.9%	1.39%	1.39%
LMT	D	0.06%	0.58%	0.06%
LOW	D	0.3%	0.57%	0.3%
LPLA	A	0.06%	0.05%	0.05%
LRCX	F	0.03%	0.29%	0.03%
LULU	C	0.11%	0.21%	0.11%
MA	C	0.89%	1.14%	0.89%
MDT	D	0.1%	0.51%	0.1%
META	D	2.67%	2.66%	2.66%
MOH	F	0.11%	0.14%	0.11%
MRK	F	0.55%	0.69%	0.55%
MRNA	F	0.0%	0.01%	0.0%
MRVL	B	0.16%	0.25%	0.16%
MS	A	0.26%	0.39%	0.26%
MSFT	F	6.73%	6.55%	6.55%
MU	D	0.02%	0.31%	0.02%
NFLX	A	0.8%	0.8%	0.8%
NOW	A	0.06%	0.61%	0.06%
NVDA	C	6.08%	7.12%	6.08%
ON	D	0.04%	0.14%	0.04%
ORCL	B	0.53%	0.73%	0.53%
PANW	C	0.1%	0.3%	0.1%
PEP	F	0.51%	0.72%	0.51%
PG	A	0.78%	1.09%	0.78%
PPL	B	0.02%	0.34%	0.02%
QCOM	F	0.55%	0.33%	0.33%
REGN	F	0.31%	0.21%	0.21%
ROST	C	0.17%	0.32%	0.17%
RSG	A	0.03%	0.34%	0.03%
SCHW	B	0.35%	0.35%	0.35%
SPOT	B	0.06%	0.19%	0.06%
STLD	B	0.13%	0.11%	0.11%
SUI	D	0.07%	0.1%	0.07%
T	A	0.06%	0.68%	0.06%
TMO	F	0.66%	0.59%	0.59%
TMUS	B	0.76%	0.51%	0.51%
TRGP	B	0.06%	0.46%	0.06%
TRV	B	0.11%	0.39%	0.11%
TSLA	B	1.59%	1.91%	1.59%
TW	A	0.13%	0.11%	0.11%
TXN	C	0.46%	0.59%	0.46%
UBER	D	0.44%	0.29%	0.29%
ULTA	F	0.02%	0.23%	0.02%
UNH	C	1.2%	1.37%	1.2%
V	A	1.1%	1.28%	1.1%
VRT	B	0.05%	0.1%	0.05%
VRTX	F	0.18%	0.36%	0.18%
WDAY	B	0.02%	0.13%	0.02%
WFC	A	0.37%	0.67%	0.37%
WM	A	0.13%	0.44%	0.13%
WMT	A	0.76%	0.96%	0.76%
XOM	B	1.12%	1.4%	1.12%
YUM	B	0.02%	0.33%	0.02%
ZBH	C	0.2%	0.14%	0.14%
ZS	C	0.04%	0.08%	0.04%

TSPA Overweight 225 Positions Relative to PHEQ

Symbol	Grade	Weight
ACN	C	0.65%
PM	B	0.56%
GE	D	0.56%
MCD	D	0.55%
NEE	D	0.51%
FI	A	0.49%
CB	C	0.48%
DHR	F	0.46%
CMCSA	B	0.42%
COP	C	0.42%
C	A	0.42%
SYK	C	0.39%
ELV	F	0.37%
FTNT	C	0.36%
INTU	C	0.36%
CSX	B	0.35%
PCG	A	0.33%
AMT	D	0.33%
SPGI	C	0.33%
HON	B	0.32%
CI	F	0.32%
SWK	D	0.32%
CMI	A	0.31%
ALL	A	0.3%
ADI	D	0.3%
KDP	D	0.3%
KVUE	A	0.3%
GS	A	0.29%
BDX	F	0.29%
CPAY	A	0.29%
ODFL	B	0.28%
PLD	D	0.28%
CEG	D	0.27%
NOC	D	0.27%
ROP	B	0.27%
CMG	B	0.27%
ICE	C	0.26%
MET	A	0.26%
EQIX	A	0.26%
AIG	B	0.26%
MMC	B	0.25%
GEV	B	0.25%
MPC	D	0.24%
XEL	A	0.23%
BSX	B	0.23%
NVR	D	0.23%
PFE	D	0.22%
CL	D	0.22%
CARR	D	0.21%
NSC	B	0.21%
SHW	A	0.21%
WELL	A	0.21%
BLK	C	0.21%
TJX	A	0.2%
CRBG	B	0.2%
SNPS	B	0.2%
SO	D	0.2%
RTX	C	0.2%
KEYS	A	0.2%
EOG	A	0.2%
SLB	C	0.19%
LHX	C	0.19%
CDNS	B	0.19%
ADSK	A	0.19%
FCX	D	0.19%
GEN	B	0.18%
PSA	D	0.18%
HLT	A	0.18%
MCK	B	0.18%
GPN	B	0.18%
RCL	A	0.18%
ROK	B	0.18%
MTD	D	0.17%
NVO	D	0.17%
ORLY	B	0.17%
TGT	F	0.17%
TDY	B	0.17%
VOYA	B	0.17%
SAIA	B	0.16%
MCO	B	0.16%
TDG	D	0.16%
MDLZ	F	0.16%
MAR	B	0.16%
BK	A	0.16%
RNR	C	0.16%
ZBRA	B	0.15%
FDX	B	0.15%
AZO	C	0.15%
THC	D	0.15%
TT	A	0.14%
FITB	A	0.14%
VMC	B	0.14%
ATO	A	0.14%
ANET	C	0.14%
LVS	C	0.14%
CBOE	B	0.14%
REXR	F	0.14%
GILD	C	0.14%
CPRT	A	0.13%
DFS	B	0.13%
ENTG	D	0.12%
STZ	D	0.12%
HOLX	D	0.12%
DXCM	D	0.11%
WYNN	D	0.11%
VRSK	A	0.11%
BURL	A	0.11%
WCN	A	0.11%
WFG	D	0.11%
APH	A	0.11%
BALL	D	0.11%
WDC	D	0.11%
IR	B	0.11%
FICO	B	0.11%
CF	B	0.1%
KMI	A	0.1%
BIIB	F	0.1%
SBUX	A	0.1%
PKG	A	0.1%
ZTS	D	0.09%
JCI	C	0.09%
EFX	F	0.09%
DPZ	C	0.09%
MPWR	F	0.09%
DG	F	0.09%
WING	D	0.08%
DGX	A	0.08%
BX	A	0.08%
VST	B	0.08%
ICLR	D	0.08%
NKE	D	0.08%
FTV	C	0.08%
PNC	B	0.08%
USB	A	0.08%
EQH	B	0.08%
RGEN	D	0.08%
SITE	D	0.07%
PSX	C	0.07%
MNST	C	0.07%
EA	A	0.07%
CBRE	B	0.07%
IEX	B	0.07%
AZN	D	0.07%
WMB	A	0.07%
VZ	C	0.07%
HUM	C	0.07%
EMR	A	0.07%
EXC	C	0.07%
VLO	C	0.07%
MO	A	0.06%
SPG	B	0.06%
EVRG	A	0.06%
MOS	F	0.06%
EW	C	0.06%
PSTG	D	0.06%
EQT	B	0.06%
IDXX	F	0.06%
DT	C	0.06%
PGR	A	0.06%
NCLH	B	0.05%
GM	B	0.05%
IP	B	0.05%
WAL	B	0.05%
KEY	B	0.05%
UAL	A	0.05%
KIM	A	0.05%
SHOP	B	0.05%
AXS	A	0.05%
ESAB	B	0.05%
HCA	F	0.05%
HES	B	0.05%
BGNE	D	0.05%
D	C	0.05%
CVS	D	0.04%
CUBE	D	0.04%
IT	C	0.04%
FDS	B	0.04%
CLX	B	0.04%
SRE	A	0.04%
DUK	C	0.04%
TPG	A	0.04%
REG	B	0.04%
GIS	D	0.04%
CSGP	D	0.04%
BPOP	B	0.04%
AMH	D	0.04%
EL	F	0.04%
SYY	B	0.04%
SNY	F	0.04%
BR	A	0.03%
IQV	D	0.03%
CAH	B	0.03%
MSCI	C	0.03%
TSN	B	0.03%
GD	F	0.03%
TFC	A	0.03%
AMAT	F	0.02%
ST	F	0.02%
SBAC	D	0.02%
BBWI	D	0.02%
HII	D	0.02%
WY	D	0.02%
MCHP	D	0.02%
NI	A	0.02%
ELAN	D	0.02%
CNI	D	0.02%
NXPI	D	0.02%
RPM	A	0.02%
EWBC	A	0.02%
ALLY	C	0.02%
KHC	F	0.02%
EBAY	D	0.01%
LUV	C	0.01%
F	C	0.01%
INTC	D	0.01%
TER	D	0.01%
XYL	D	0.01%
LSCC	D	0.01%
RIVN	F	0.01%
CCI	D	0.01%
VTRS	A	0.01%
FSLR	F	0.0%
CPT	B	0.0%
CRL	C	0.0%
VLTO	D	0.0%

TSPA Underweight 86 Positions Relative to PHEQ

Symbol	Grade	Weight
UNP	C	-0.52%
MMM	D	-0.44%
PRU	A	-0.37%
PLTR	B	-0.36%
LNT	A	-0.33%
OTIS	C	-0.33%
EQR	B	-0.32%
LH	C	-0.31%
BRO	B	-0.31%
DTE	C	-0.31%
DRI	B	-0.3%
PHM	D	-0.3%
DOC	D	-0.29%
PYPL	B	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
CFG	B	-0.26%
MELI	D	-0.25%
LII	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
RMD	C	-0.24%
MKL	A	-0.23%
NEM	D	-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%
PFG	D	-0.2%
MSTR	C	-0.2%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CSL	C	-0.18%
CAG	D	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
NDSN	B	-0.14%
HEI	B	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-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%
COIN	C	-0.12%
IBKR	A	-0.11%
VEEV	C	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-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%
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%