XTR vs. PHDG ETF Comparison

Comparison of Global X S&P 500 Tail Risk ETF (XTR) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

XTR

Global X S&P 500 Tail Risk ETF

XTR Description

Global X Funds - Global X S&P 500 Tail Risk ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. It invests directly and through derivatives such as options in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the Cboe S&P 500 Tail Risk Index, by using full replication technique. Global X Funds - Global X S&P 500 Tail Risk ETF was formed on August 25, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

377

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	XTR	PHDG
30 Days	2.80%	0.66%
60 Days	4.04%	1.51%
90 Days	5.53%	1.58%
12 Months	29.73%	18.52%

498 Overlapping Holdings

Symbol	Grade	Weight in XTR	Weight in PHDG	Overlap
A	D	0.08%	0.04%	0.04%
AAPL	C	6.89%	3.74%	3.74%
ABBV	D	0.59%	0.32%	0.32%
ABNB	C	0.12%	0.06%	0.06%
ABT	B	0.4%	0.22%	0.22%
ACGL	D	0.08%	0.04%	0.04%
ACN	C	0.46%	0.24%	0.24%
ADBE	C	0.48%	0.25%	0.25%
ADI	D	0.21%	0.11%	0.11%
ADM	D	0.05%	0.03%	0.03%
ADP	B	0.25%	0.13%	0.13%
ADSK	A	0.13%	0.07%	0.07%
AEE	A	0.05%	0.03%	0.03%
AEP	D	0.09%	0.05%	0.05%
AES	F	0.02%	0.01%	0.01%
AFL	B	0.11%	0.06%	0.06%
AIG	B	0.1%	0.05%	0.05%
AIZ	A	0.03%	0.01%	0.01%
AJG	B	0.13%	0.07%	0.07%
AKAM	D	0.03%	0.01%	0.01%
ALB	C	0.02%	0.01%	0.01%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.1%	0.06%	0.06%
ALLE	D	0.01%	0.01%	0.01%
AMAT	F	0.31%	0.17%	0.17%
AMCR	D	0.03%	0.02%	0.02%
AMD	F	0.45%	0.24%	0.24%
AME	A	0.09%	0.05%	0.05%
AMGN	D	0.31%	0.17%	0.17%
AMP	A	0.11%	0.06%	0.06%
AMT	D	0.18%	0.1%	0.1%
AMZN	C	3.93%	2.13%	2.13%
ANET	C	0.19%	0.11%	0.11%
ANSS	B	0.05%	0.03%	0.03%
AON	A	0.17%	0.09%	0.09%
AOS	F	0.01%	0.01%	0.01%
APA	D	0.01%	0.01%	0.01%
APD	A	0.14%	0.08%	0.08%
APH	A	0.17%	0.09%	0.09%
APTV	D	0.03%	0.02%	0.02%
ARE	D	0.03%	0.02%	0.02%
ATO	A	0.04%	0.02%	0.02%
AVB	B	0.06%	0.03%	0.03%
AVGO	D	1.57%	0.86%	0.86%
AVY	D	0.03%	0.02%	0.02%
AWK	D	0.05%	0.03%	0.03%
AXON	A	0.07%	0.05%	0.05%
AXP	A	0.34%	0.17%	0.17%
AZO	C	0.12%	0.06%	0.06%
BA	F	0.21%	0.11%	0.11%
BAC	A	0.61%	0.33%	0.33%
BALL	D	0.04%	0.02%	0.02%
BAX	D	0.03%	0.02%	0.02%
BBY	D	0.03%	0.02%	0.02%
BDX	F	0.14%	0.07%	0.07%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.02%	0.01%	0.01%
BIIB	F	0.05%	0.03%	0.03%
BK	A	0.12%	0.06%	0.06%
BKNG	A	0.37%	0.18%	0.18%
BKR	B	0.09%	0.05%	0.05%
BLDR	D	0.04%	0.02%	0.02%
BLK	C	0.27%	0.16%	0.16%
BMY	B	0.24%	0.13%	0.13%
BR	A	0.04%	0.03%	0.03%
BRK.A	B	1.7%	0.92%	0.92%
BRO	B	0.05%	0.03%	0.03%
BSX	B	0.26%	0.14%	0.14%
BWA	D	0.02%	0.01%	0.01%
BX	A	0.26%	0.14%	0.14%
BXP	D	0.02%	0.01%	0.01%
C	A	0.26%	0.14%	0.14%
CAG	D	0.02%	0.01%	0.01%
CAH	B	0.06%	0.03%	0.03%
CARR	D	0.12%	0.07%	0.07%
CAT	B	0.38%	0.2%	0.2%
CB	C	0.23%	0.12%	0.12%
CBOE	B	0.03%	0.02%	0.02%
CBRE	B	0.08%	0.04%	0.04%
CCI	D	0.09%	0.05%	0.05%
CCL	B	0.05%	0.03%	0.03%
CDNS	B	0.16%	0.09%	0.09%
CDW	F	0.05%	0.03%	0.03%
CE	F	0.01%	0.01%	0.01%
CEG	D	0.14%	0.08%	0.08%
CF	B	0.04%	0.02%	0.02%
CFG	B	0.04%	0.02%	0.02%
CHD	B	0.06%	0.03%	0.03%
CHRW	C	0.02%	0.01%	0.01%
CHTR	C	0.07%	0.04%	0.04%
CI	F	0.18%	0.1%	0.1%
CINF	A	0.05%	0.03%	0.03%
CL	D	0.15%	0.08%	0.08%
CLX	B	0.04%	0.02%	0.02%
CMCSA	B	0.33%	0.18%	0.18%
CME	A	0.17%	0.09%	0.09%
CMG	B	0.16%	0.09%	0.09%
CMI	A	0.11%	0.05%	0.05%
CMS	C	0.04%	0.02%	0.02%
CNC	D	0.06%	0.03%	0.03%
CNP	B	0.04%	0.02%	0.02%
COF	B	0.13%	0.08%	0.08%
COP	C	0.26%	0.14%	0.14%
COR	B	0.08%	0.05%	0.05%
COST	B	0.8%	0.44%	0.44%
CPAY	A	0.04%	0.03%	0.03%
CPB	D	0.02%	0.01%	0.01%
CPRT	A	0.1%	0.05%	0.05%
CPT	B	0.02%	0.01%	0.01%
CRL	C	0.01%	0.01%	0.01%
CRM	B	0.63%	0.35%	0.35%
CRWD	B	0.16%	0.09%	0.09%
CSCO	B	0.46%	0.25%	0.25%
CSGP	D	0.06%	0.03%	0.03%
CSX	B	0.14%	0.07%	0.07%
CTAS	B	0.15%	0.08%	0.08%
CTLT	B	0.02%	0.01%	0.01%
CTRA	B	0.04%	0.02%	0.02%
CTSH	B	0.08%	0.04%	0.04%
CTVA	C	0.08%	0.04%	0.04%
CVS	D	0.14%	0.07%	0.07%
CVX	A	0.55%	0.3%	0.3%
CZR	F	0.02%	0.01%	0.01%
D	C	0.09%	0.05%	0.05%
DAL	C	0.09%	0.04%	0.04%
DAY	B	0.02%	0.01%	0.01%
DD	D	0.07%	0.04%	0.04%
DE	A	0.21%	0.11%	0.11%
DECK	A	0.04%	0.03%	0.03%
DELL	C	0.08%	0.04%	0.04%
DFS	B	0.09%	0.05%	0.05%
DG	F	0.03%	0.02%	0.02%
DGX	A	0.03%	0.02%	0.02%
DHI	D	0.1%	0.05%	0.05%
DHR	F	0.31%	0.17%	0.17%
DIS	B	0.39%	0.21%	0.21%
DLR	B	0.1%	0.06%	0.06%
DLTR	F	0.03%	0.01%	0.01%
DOC	D	0.03%	0.02%	0.02%
DOV	A	0.05%	0.03%	0.03%
DOW	F	0.06%	0.03%	0.03%
DPZ	C	0.03%	0.02%	0.02%
DRI	B	0.04%	0.02%	0.02%
DTE	C	0.05%	0.03%	0.03%
DUK	C	0.17%	0.09%	0.09%
DVA	B	0.01%	0.01%	0.01%
DVN	F	0.05%	0.03%	0.03%
DXCM	D	0.06%	0.03%	0.03%
EA	A	0.08%	0.04%	0.04%
EBAY	D	0.06%	0.03%	0.03%
ECL	D	0.13%	0.07%	0.07%
ED	D	0.07%	0.04%	0.04%
EFX	F	0.07%	0.03%	0.03%
EG	C	0.04%	0.02%	0.02%
EIX	B	0.06%	0.03%	0.03%
EL	F	0.03%	0.02%	0.02%
ELV	F	0.18%	0.1%	0.1%
EMN	D	0.02%	0.01%	0.01%
EMR	A	0.15%	0.08%	0.08%
ENPH	F	0.02%	0.01%	0.01%
EOG	A	0.15%	0.08%	0.08%
EPAM	C	0.04%	0.02%	0.02%
EQIX	A	0.17%	0.09%	0.09%
EQR	B	0.05%	0.03%	0.03%
EQT	B	0.05%	0.03%	0.03%
ERIE	D	0.02%	0.01%	0.01%
ES	D	0.04%	0.02%	0.02%
ESS	B	0.05%	0.02%	0.02%
ETN	A	0.29%	0.16%	0.16%
ETR	B	0.07%	0.03%	0.03%
EVRG	A	0.02%	0.02%	0.02%
EW	C	0.08%	0.04%	0.04%
EXC	C	0.08%	0.04%	0.04%
EXPD	D	0.04%	0.02%	0.02%
EXPE	B	0.04%	0.02%	0.02%
EXR	D	0.07%	0.04%	0.04%
F	C	0.09%	0.05%	0.05%
FANG	D	0.07%	0.04%	0.04%
FAST	B	0.1%	0.05%	0.05%
FCX	D	0.13%	0.07%	0.07%
FDS	B	0.04%	0.02%	0.02%
FDX	B	0.12%	0.07%	0.07%
FE	C	0.05%	0.02%	0.02%
FFIV	B	0.04%	0.02%	0.02%
FI	A	0.24%	0.13%	0.13%
FICO	B	0.09%	0.06%	0.06%
FIS	C	0.1%	0.05%	0.05%
FITB	A	0.06%	0.03%	0.03%
FMC	D	0.02%	0.01%	0.01%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.03%	0.01%	0.01%
FRT	B	0.02%	0.01%	0.01%
FSLR	F	0.04%	0.02%	0.02%
FTNT	C	0.12%	0.06%	0.06%
FTV	C	0.05%	0.03%	0.03%
GD	F	0.15%	0.08%	0.08%
GDDY	A	0.05%	0.03%	0.03%
GE	D	0.38%	0.21%	0.21%
GEHC	F	0.07%	0.04%	0.04%
GEN	B	0.03%	0.02%	0.02%
GEV	B	0.17%	0.1%	0.1%
GILD	C	0.23%	0.12%	0.12%
GIS	D	0.07%	0.04%	0.04%
GL	B	0.01%	0.01%	0.01%
GLW	B	0.07%	0.04%	0.04%
GM	B	0.13%	0.07%	0.07%
GNRC	B	0.02%	0.01%	0.01%
GOOG	C	1.69%	0.92%	0.92%
GOOGL	C	2.04%	1.11%	1.11%
GPC	D	0.03%	0.02%	0.02%
GPN	B	0.06%	0.03%	0.03%
GRMN	B	0.06%	0.03%	0.03%
GS	A	0.38%	0.2%	0.2%
GWW	B	0.09%	0.06%	0.06%
HAL	C	0.05%	0.03%	0.03%
HAS	D	0.01%	0.01%	0.01%
HBAN	A	0.05%	0.03%	0.03%
HCA	F	0.13%	0.07%	0.07%
HD	A	0.81%	0.43%	0.43%
HES	B	0.08%	0.04%	0.04%
HIG	B	0.07%	0.04%	0.04%
HII	D	0.02%	0.01%	0.01%
HLT	A	0.13%	0.07%	0.07%
HOLX	D	0.03%	0.02%	0.02%
HON	B	0.29%	0.16%	0.16%
HPE	B	0.05%	0.03%	0.03%
HPQ	B	0.06%	0.04%	0.04%
HRL	D	0.02%	0.01%	0.01%
HSIC	B	0.01%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.05%	0.03%	0.03%
HUBB	B	0.05%	0.03%	0.03%
HUM	C	0.06%	0.04%	0.04%
HWM	A	0.09%	0.05%	0.05%
IBM	C	0.39%	0.21%	0.21%
ICE	C	0.18%	0.1%	0.1%
IDXX	F	0.06%	0.04%	0.04%
IEX	B	0.03%	0.02%	0.02%
IFF	D	0.04%	0.02%	0.02%
INCY	C	0.02%	0.01%	0.01%
INTC	D	0.21%	0.12%	0.12%
INTU	C	0.39%	0.21%	0.21%
INVH	D	0.04%	0.02%	0.02%
IP	B	0.04%	0.02%	0.02%
IPG	D	0.02%	0.01%	0.01%
IQV	D	0.08%	0.04%	0.04%
IR	B	0.08%	0.04%	0.04%
IRM	D	0.06%	0.04%	0.04%
ISRG	A	0.38%	0.21%	0.21%
IT	C	0.08%	0.04%	0.04%
ITW	B	0.14%	0.08%	0.08%
IVZ	B	0.02%	0.01%	0.01%
J	F	0.03%	0.02%	0.02%
JBHT	C	0.03%	0.02%	0.02%
JBL	B	0.03%	0.02%	0.02%
JCI	C	0.12%	0.06%	0.06%
JKHY	D	0.03%	0.01%	0.01%
JNJ	D	0.73%	0.39%	0.39%
JNPR	F	0.02%	0.01%	0.01%
JPM	A	1.37%	0.74%	0.74%
K	A	0.04%	0.02%	0.02%
KDP	D	0.08%	0.04%	0.04%
KEY	B	0.04%	0.02%	0.02%
KEYS	A	0.05%	0.03%	0.03%
KHC	F	0.05%	0.03%	0.03%
KIM	A	0.03%	0.02%	0.02%
KKR	A	0.2%	0.11%	0.11%
KLAC	D	0.17%	0.09%	0.09%
KMB	D	0.08%	0.05%	0.05%
KMI	A	0.1%	0.06%	0.06%
KMX	B	0.02%	0.01%	0.01%
KO	D	0.48%	0.26%	0.26%
KR	B	0.08%	0.04%	0.04%
KVUE	A	0.08%	0.05%	0.05%
L	A	0.03%	0.02%	0.02%
LDOS	C	0.04%	0.02%	0.02%
LEN	D	0.08%	0.04%	0.04%
LH	C	0.03%	0.02%	0.02%
LHX	C	0.09%	0.05%	0.05%
LIN	D	0.44%	0.23%	0.23%
LKQ	D	0.02%	0.01%	0.01%
LLY	F	1.24%	0.67%	0.67%
LMT	D	0.22%	0.12%	0.12%
LNT	A	0.03%	0.02%	0.02%
LOW	D	0.31%	0.17%	0.17%
LRCX	F	0.2%	0.11%	0.11%
LULU	C	0.07%	0.04%	0.04%
LUV	C	0.04%	0.02%	0.02%
LVS	C	0.03%	0.02%	0.02%
LW	C	0.02%	0.01%	0.01%
LYB	F	0.04%	0.02%	0.02%
LYV	A	0.03%	0.02%	0.02%
MA	C	0.86%	0.46%	0.46%
MAA	B	0.04%	0.02%	0.02%
MAR	B	0.14%	0.07%	0.07%
MAS	D	0.04%	0.02%	0.02%
MCD	D	0.44%	0.23%	0.23%
MCHP	D	0.07%	0.04%	0.04%
MCK	B	0.16%	0.09%	0.09%
MCO	B	0.16%	0.08%	0.08%
MDLZ	F	0.17%	0.09%	0.09%
MDT	D	0.22%	0.12%	0.12%
MET	A	0.1%	0.05%	0.05%
META	D	2.51%	1.36%	1.36%
MGM	D	0.02%	0.01%	0.01%
MHK	D	0.02%	0.01%	0.01%
MKC	D	0.03%	0.02%	0.02%
MKTX	D	0.03%	0.01%	0.01%
MLM	B	0.07%	0.04%	0.04%
MMC	B	0.22%	0.12%	0.12%
MMM	D	0.14%	0.08%	0.08%
MNST	C	0.08%	0.04%	0.04%
MO	A	0.18%	0.1%	0.1%
MOH	F	0.03%	0.02%	0.02%
MOS	F	0.02%	0.01%	0.01%
MPC	D	0.11%	0.06%	0.06%
MPWR	F	0.06%	0.03%	0.03%
MRK	F	0.49%	0.27%	0.27%
MRNA	F	0.03%	0.01%	0.01%
MRO	B	0.03%	0.02%	0.02%
MS	A	0.32%	0.18%	0.18%
MSCI	C	0.09%	0.05%	0.05%
MSFT	F	6.31%	3.42%	3.42%
MSI	B	0.17%	0.09%	0.09%
MTB	A	0.07%	0.04%	0.04%
MTCH	D	0.02%	0.01%	0.01%
MTD	D	0.05%	0.03%	0.03%
MU	D	0.22%	0.12%	0.12%
NCLH	B	0.02%	0.01%	0.01%
NDAQ	A	0.06%	0.03%	0.03%
NDSN	B	0.03%	0.02%	0.02%
NEE	D	0.31%	0.17%	0.17%
NEM	D	0.1%	0.05%	0.05%
NFLX	A	0.72%	0.39%	0.39%
NI	A	0.03%	0.02%	0.02%
NKE	D	0.18%	0.1%	0.1%
NOC	D	0.13%	0.07%	0.07%
NOW	A	0.43%	0.23%	0.23%
NRG	B	0.04%	0.02%	0.02%
NSC	B	0.11%	0.06%	0.06%
NTAP	C	0.04%	0.03%	0.03%
NTRS	A	0.04%	0.02%	0.02%
NUE	C	0.07%	0.04%	0.04%
NVDA	C	7.17%	3.89%	3.89%
NWS	B	0.0%	0.0%	0.0%
NWSA	B	0.02%	0.01%	0.01%
NXPI	D	0.11%	0.06%	0.06%
O	D	0.1%	0.05%	0.05%
ODFL	B	0.09%	0.05%	0.05%
OKE	A	0.13%	0.07%	0.07%
OMC	C	0.04%	0.02%	0.02%
ON	D	0.06%	0.03%	0.03%
ORCL	B	0.6%	0.32%	0.32%
ORLY	B	0.14%	0.08%	0.08%
OTIS	C	0.08%	0.04%	0.04%
OXY	D	0.07%	0.04%	0.04%
PANW	C	0.25%	0.14%	0.14%
PARA	C	0.01%	0.01%	0.01%
PAYC	B	0.02%	0.01%	0.01%
PAYX	C	0.1%	0.05%	0.05%
PCAR	B	0.11%	0.07%	0.07%
PCG	A	0.09%	0.05%	0.05%
PEG	A	0.09%	0.05%	0.05%
PEP	F	0.45%	0.24%	0.24%
PFE	D	0.3%	0.16%	0.16%
PFG	D	0.04%	0.02%	0.02%
PG	A	0.78%	0.42%	0.42%
PGR	A	0.31%	0.16%	0.16%
PH	A	0.18%	0.1%	0.1%
PHM	D	0.05%	0.03%	0.03%
PKG	A	0.04%	0.02%	0.02%
PLD	D	0.22%	0.11%	0.11%
PLTR	B	0.24%	0.13%	0.13%
PM	B	0.39%	0.21%	0.21%
PNC	B	0.16%	0.09%	0.09%
PNR	A	0.03%	0.02%	0.02%
PNW	B	0.02%	0.01%	0.01%
PODD	C	0.04%	0.02%	0.02%
POOL	C	0.04%	0.01%	0.01%
PPG	F	0.05%	0.03%	0.03%
PPL	B	0.05%	0.03%	0.03%
PRU	A	0.09%	0.05%	0.05%
PSA	D	0.1%	0.06%	0.06%
PSX	C	0.11%	0.06%	0.06%
PTC	A	0.05%	0.02%	0.02%
PWR	A	0.09%	0.05%	0.05%
PYPL	B	0.18%	0.09%	0.09%
QCOM	F	0.36%	0.2%	0.2%
QRVO	F	0.01%	0.01%	0.01%
RCL	A	0.11%	0.06%	0.06%
REG	B	0.02%	0.01%	0.01%
REGN	F	0.18%	0.09%	0.09%
RF	A	0.05%	0.03%	0.03%
RJF	A	0.05%	0.03%	0.03%
RL	B	0.02%	0.01%	0.01%
RMD	C	0.07%	0.04%	0.04%
ROK	B	0.05%	0.04%	0.04%
ROL	B	0.02%	0.02%	0.02%
ROP	B	0.13%	0.07%	0.07%
ROST	C	0.09%	0.05%	0.05%
RSG	A	0.09%	0.05%	0.05%
RTX	C	0.32%	0.17%	0.17%
RVTY	F	0.03%	0.02%	0.02%
SBAC	D	0.05%	0.03%	0.03%
SBUX	A	0.22%	0.12%	0.12%
SCHW	B	0.24%	0.13%	0.13%
SHW	A	0.17%	0.1%	0.1%
SJM	D	0.02%	0.01%	0.01%
SLB	C	0.13%	0.07%	0.07%
SMCI	F	0.02%	0.01%	0.01%
SNA	A	0.04%	0.02%	0.02%
SNPS	B	0.16%	0.09%	0.09%
SO	D	0.19%	0.1%	0.1%
SOLV	C	0.02%	0.01%	0.01%
SPG	B	0.11%	0.06%	0.06%
SPGI	C	0.33%	0.18%	0.18%
SRE	A	0.11%	0.06%	0.06%
STE	F	0.04%	0.02%	0.02%
STLD	B	0.04%	0.02%	0.02%
STT	A	0.06%	0.03%	0.03%
STX	D	0.04%	0.02%	0.02%
STZ	D	0.08%	0.04%	0.04%
SW	A	0.05%	0.03%	0.03%
SWK	D	0.02%	0.01%	0.01%
SWKS	F	0.03%	0.01%	0.01%
SYF	B	0.05%	0.03%	0.03%
SYK	C	0.27%	0.14%	0.14%
SYY	B	0.07%	0.04%	0.04%
T	A	0.32%	0.17%	0.17%
TAP	C	0.03%	0.01%	0.01%
TDG	D	0.14%	0.08%	0.08%
TDY	B	0.04%	0.02%	0.02%
TECH	D	0.02%	0.01%	0.01%
TER	D	0.03%	0.02%	0.02%
TFC	A	0.13%	0.07%	0.07%
TFX	F	0.01%	0.01%	0.01%
TGT	F	0.14%	0.08%	0.08%
TJX	A	0.27%	0.15%	0.15%
TMO	F	0.4%	0.22%	0.22%
TMUS	B	0.23%	0.13%	0.13%
TPR	B	0.02%	0.01%	0.01%
TRGP	B	0.09%	0.05%	0.05%
TRMB	B	0.03%	0.02%	0.02%
TROW	B	0.05%	0.03%	0.03%
TRV	B	0.11%	0.06%	0.06%
TSCO	D	0.05%	0.03%	0.03%
TSLA	B	1.72%	0.93%	0.93%
TSN	B	0.04%	0.02%	0.02%
TT	A	0.18%	0.1%	0.1%
TTWO	A	0.06%	0.03%	0.03%
TXN	C	0.38%	0.2%	0.2%
TXT	D	0.04%	0.02%	0.02%
TYL	B	0.05%	0.03%	0.03%
UAL	A	0.05%	0.03%	0.03%
UBER	D	0.29%	0.16%	0.16%
UDR	B	0.03%	0.01%	0.01%
UHS	D	0.03%	0.01%	0.01%
ULTA	F	0.04%	0.02%	0.02%
UNH	C	1.09%	0.59%	0.59%
UNP	C	0.29%	0.15%	0.15%
UPS	C	0.19%	0.1%	0.1%
URI	B	0.13%	0.06%	0.06%
USB	A	0.16%	0.08%	0.08%
V	A	1.02%	0.56%	0.56%
VICI	C	0.06%	0.04%	0.04%
VLO	C	0.09%	0.05%	0.05%
VLTO	D	0.05%	0.03%	0.03%
VMC	B	0.07%	0.04%	0.04%
VRSK	A	0.09%	0.04%	0.04%
VRSN	F	0.02%	0.02%	0.02%
VRTX	F	0.25%	0.13%	0.13%
VST	B	0.1%	0.05%	0.05%
VTR	C	0.05%	0.03%	0.03%
VTRS	A	0.03%	0.02%	0.02%
VZ	C	0.34%	0.19%	0.19%
WAB	B	0.07%	0.04%	0.04%
WAT	B	0.04%	0.02%	0.02%
WBA	F	0.01%	0.01%	0.01%
WBD	C	0.04%	0.02%	0.02%
WDC	D	0.04%	0.02%	0.02%
WEC	A	0.06%	0.03%	0.03%
WELL	A	0.15%	0.08%	0.08%
WFC	A	0.49%	0.27%	0.27%
WM	A	0.16%	0.09%	0.09%
WMB	A	0.13%	0.07%	0.07%
WMT	A	0.73%	0.4%	0.4%
WRB	A	0.03%	0.02%	0.02%
WST	C	0.05%	0.03%	0.03%
WTW	B	0.06%	0.03%	0.03%
WY	D	0.05%	0.02%	0.02%
WYNN	D	0.01%	0.01%	0.01%
XEL	A	0.07%	0.04%	0.04%
XOM	B	1.06%	0.58%	0.58%
XYL	D	0.05%	0.03%	0.03%
YUM	B	0.08%	0.04%	0.04%
ZBH	C	0.05%	0.02%	0.02%
ZBRA	B	0.04%	0.02%	0.02%
ZTS	D	0.16%	0.09%	0.09%

XTR Overweight 0 Positions Relative to PHDG

	Symbol	Grade	Weight

XTR Underweight 1 Positions Relative to PHDG

	Symbol	Grade	Weight
	NVR	D	-0.03%