PHEQ ETF — Holdings & Analysis
The Parametric Hedged Equity ETF (PHEQ) is managed by Parametric and has $0.13 billion in assets under management. PHEQ aims for capital appreciation by investing in U.S. large-cap companies within the Solactive GBS U.S. 500 index.
With an expense ratio of 0.29%, PHEQ offers exposure to leading U.S. equities, employing a hedging strategy to potentially mitigate downside risk, differentiating it from purely passive index trackers.
Parametric Hedged Equity ETF (PHEQ) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does PHEQ hold?
| Holding | Weight |
|---|---|
| NVIDIA Corp (NVDA) | 7.27% |
| Apple Inc (AAPL) | 6.78% |
| Microsoft Corp (MSFT) | 5.31% |
| Amazon.com Inc (AMZN) | 3.59% |
| Alphabet Inc Class A (GOOGL) | 3.27% |
| Alphabet Inc Class C (GOOG) | 2.90% |
| Broadcom Inc (AVGO) | 2.52% |
| Meta Platforms Inc Class A (META) | 2.28% |
| Tesla Inc (TSLA) | 1.88% |
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Technology | 33.0% |
| Financial Services | 12.0% |
| Communication Services | 11.0% |
| Consumer Cyclical | 10.2% |
| Healthcare | 10.0% |
| Industrials | 8.6% |
| Consumer Defensive | 5.4% |
| Energy | 3.7% |
| Utilities | 2.7% |
| Basic Materials | 1.9% |
| Real Estate | 1.5% |
| Cash & Others | 0.0% |
| Country | Weight |
|---|---|
| United States | 97.8% |
| Ireland | 0.9% |
| United Kingdom | 0.8% |
| Switzerland | 0.5% |
| Uruguay | 0.2% |
| Luxembourg | 0.2% |
Dividend Yield
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
- Parametric Equity Premium Income ETF (PAPI) (Equity) — 0.29% expense ratio
Risk Metrics
- Beta: 0.00
Questions & Answers
What is PHEQ and what does it track?
The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund managed by Parametric. Launched in October 2023, PHEQ aims to provide capital appreciation by investing in equity securities of U.S. large-capitalization companies.
The fund tracks companies that are constituents of the Solactive GBS U.S. 500 index at the time of purchase.
What is the expense ratio for PHEQ?
The expense ratio for the Parametric Hedged Equity ETF (PHEQ) is 0.29%. This means that for every $1000 invested in the fund, $2.90 is used to cover the fund's operating expenses.
What are the top holdings in PHEQ?
The Parametric Hedged Equity ETF (PHEQ) has a concentrated portfolio of top holdings, primarily in the technology sector.
As of 2026-03-15, the top three holdings are NVIDIA Corp (NVDA) at 7.27%, Apple Inc (AAPL) at 6.78%, and Microsoft Corp (MSFT) at 5.31%. Other significant holdings include Amazon.com Inc (AMZN) at 3.59% and Alphabet Inc Class A (GOOGL) at 3.27%.
Is PHEQ a good long-term investment?
Evaluating PHEQ as a long-term investment requires careful consideration of its investment strategy, risk profile, and expense ratio. PHEQ's focus on U.S. large-cap equities provides exposure to established companies, but its concentration in the technology sector introduces sector-specific risk.
The fund's expense ratio of 0.29% is a factor to consider over the long term.
How does PHEQ compare to similar ETFs?
PHEQ differentiates itself through its hedging strategy, which aims to mitigate downside risk compared to standard U.S. large-cap ETFs. PHEQ has an expense ratio of 0.29%.
In comparison, passively managed large-cap ETFs often have lower expense ratios, while actively managed funds may have higher ones.
Does PHEQ pay dividends?
As of 2026-03-15, the Parametric Hedged Equity ETF (PHEQ) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.
Investors seeking income-generating investments may need to consider other ETFs with a history of dividend payments. The fund's focus is primarily on capital appreciation rather than income generation.