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CVLCvsPHEQETF Comparison

ETF 1
CVLC

Calvert US Large-Cap Core Responsible Index ETF

This fund is part of
US Large Cap
-0.42%
VS
ETF 2
PHEQ

Parametric Hedged Equity ETF

This fund is part of
Options Strategies
-0.16%

Calvert US Large-Cap Core Responsible Index ETF (CVLC) belongs to the US Large Cap segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. CVLC's top 3 sector exposures are Information Technology, Financials and Health Care. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. CVLC is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.29% for PHEQ. CVLC is up 5.73% year-to-date (YTD) with +$59M in YTD flows. PHEQ performs worse with 3.47% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of CVLC and PHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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CVLC vs PHEQ performance and flow charts

Performance

0510%Mar 27Apr 6Apr 13Apr 20Apr 27

Cumulative Flows

0 M5 M10 M15 MMar 27Apr 6Apr 13Apr 20Apr 27

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Historic performance and flows
Data as of 04/27/2026
1M3MYTD1Y3Y5Y
Perf.
CVLC
PHEQ
+13.94%+6.79%
+3.65%+2.75%
+5.73%+3.47%
+31.94%+19.80%
+79.77%n/a
n/an/a
Flows
CVLC
PHEQ
+$17M+$5M
+$46M-$8M
+$59M-$10M
+$227M+$23M
+$435M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
CVLC
PHEQ
+16.16%+8.37%
+12.88%+7.14%
+15.50%n/a
n/an/a
Max drawdown
CVLC
PHEQ
-9.43%-3.79%
-9.66%-3.96%
-19.88%n/a
n/an/a
Max drawdown duration
CVLC
PHEQ
76d71d
91d86d
155dn/a
n/an/a
Trading data

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CVLC
PHEQ
Last sale
4/29/2026 at 1:30 PM
$88.28
$33.65
Previous close
04/28/2026
$88.24
$33.66
Consolidated volume
04/28/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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PHEQ
is actively managed and doesn’t replicate an index

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CVLC
PHEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
CVLC
PHEQ
Last price
$88.28
$33.65
1D performance
+0.05%
-0.02%
AuM$790.85 M$132.92 M
E/R0.15%0.29%
Characteristics
CVLC
PHEQ
Management strategyPassiveActive
ProviderMorgan StanleyMorgan Stanley
BenchmarkCalvert US Large-Cap Core Responsible Index-
N° of holdings720173
Asset classEquities-
Trailing 12m distribution yield
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Inception dateFebruary 1, 2023October 19, 2023
ESGYesNo
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Exposure

Countries

CVLC
USA
94.11%
Other
5.89%
PHEQ
USA
93.2%
Other
6.8%

Sectors

CVLC
Information Techn.
34.78%
Financials
11.2%
Health Care
10.14%
Industrials
10.12%
Consumer Discreti.
8.68%
Communication Ser.
8.26%
Other
16.82%
PHEQ
Information Techn.
33.71%
Communication Ser.
10.57%
Consumer Discreti.
9.49%
Financials
9.34%
Health Care
8.92%
Industrials
7.64%
Other
20.33%
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Diversification

CVLC

Total weight of top 15 holdings out of 15

38.09%
PHEQ

Total weight of top 15 holdings out of 15

43.64%

Top 15 holdings

Data as of March 31, 2026
CVLC
NVIDIA
6.96%
APPLE
6.38%
ALPHABET INC-CL
5.35%
MICROSOFT-T
4.65%
AMAZON.COM INC
3.55%
BROADCOM LIMITED
2.56%
JPMORGAN CHASE
1.48%
LILLY
1.45%
VISA INCORPORATION
1.00%
COSTCO WHOLESALE
0.82%
MASTERCARD
0.81%
NETFLIX
0.80%
ABBVIE
0.79%
MICRON TECHNOLOGY
0.75%
BK OF AMERICA CO
0.74%
PHEQ
NVIDIA
7.24%
APPLE
6.63%
MICROSOFT-T
4.74%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
3.05%
ALPHABET INC-CL
2.65%
BROADCOM LIMITED
2.59%
META PLATFORMS
2.22%
TESLA
1.89%
EXXON
1.78%
JPMORGAN CHASE
1.65%
LILLY
1.58%
JOHNSON&JOHNSON
1.51%
BERKSHIRE HATHWAY
1.38%
VISA INCORPORATION
1.11%
Frequently asked questions about CVLC and PHEQ

How have the CVLC and PHEQ ETFs performed in 2026?

As of April 27, 2026, CVLC is up 5.73% year-to-date (YTD), while PHEQ has returned 3.47%. That puts CVLC better performer ahead so far this year.

Which ETF is attracting more investor money: CVLC or PHEQ?

Year-to-date, the CVLC ETF saw +$59M in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: CVLC or PHEQ?

Over the past year, CVLC had a volatility of 12.88%, while PHEQ experienced 7.14%.

Which ETF is bigger: CVLC or PHEQ?

As of April 27, 2026, CVLC holds $790.85 M in assets under management (AUM), while PHEQ manages $132.92 M.

What sectors do the CVLC and PHEQ ETFs invest in?

CVLC leans toward sectors like Information Technology, Financials and Health Care. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the CVLC ETF and PHEQ ETF?

CVLC top holdings include NVIDIA, APPLE and ALPHABET INC-CL. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: CVLC or PHEQ?

CVLC holds 738 securities with 38.09% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

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