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PEPSvsPHEQETF Comparison
Parametric Equity Plus ETF (PEPS) and Parametric Hedged Equity ETF (PHEQ) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. Both PEPS and PHEQ have the same Total Expense Ratio (TER) of 0.29%. PEPS is down -0.51% year-to-date (YTD) with - in YTD flows. PHEQ performs worse with -0.52% YTD performance, and -$11M in YTD flows. Run a side-by-side ETF comparison of PEPS 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.
PEPS vs PHEQ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PEPS PHEQ | -2.34%-0.98% | -1.69%-0.69% | -0.51%-0.52% | +27.07%+14.90% | n/an/a | n/an/a |
| Flows | PEPS PHEQ | --$5M | --$11M | --$11M | -$1M+$28M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PEPS PHEQ | +13.31%+6.13% | +19.56%+10.57% | n/an/a | n/an/a |
| Max drawdown | PEPS PHEQ | -3.80%-1.65% | -15.21%-8.63% | n/an/a | n/an/a |
| Max drawdown duration | PEPS PHEQ | 37d58d | 45d45d | n/an/a | n/an/a |
PEPS | PHEQ | |
Last sale 3/12/2026 at 1:30 PM | $28.73 | $32.10 |
| Previous close 03/12/2026 | $29.21 | $32.34 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
PEPS | PHEQ | |
|---|---|---|
| Last price | $28.73 | $32.10 |
| 1D performance | -1.66% | -0.74% |
| AuM | $24.82 M | $126.28 M |
| E/R | 0.29% | 0.29% |
PEPS | PHEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 154 | 156 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 7, 2024 | October 19, 2023 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the PEPS and PHEQ ETFs performed in 2026?
As of March 11, 2026, PEPS is down -0.51% year-to-date (YTD), while PHEQ has lost -0.52%. That puts PEPS better performer ahead so far this year.
Which ETF is attracting more investor money: PEPS or PHEQ?
Year-to-date, the PEPS ETF saw - in flows, compared to -$11M for PHEQ.
Which ETF is more volatile: PEPS or PHEQ?
Over the past year, PEPS had a volatility of 19.56%, while PHEQ experienced 10.57%.
Which ETF is bigger: PEPS or PHEQ?
As of March 11, 2026, PEPS holds $24.82 M in assets under management (AUM), while PHEQ manages $126.28 M.
What sectors do the PEPS and PHEQ ETFs invest in?
PEPS leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the PEPS ETF and PHEQ ETF?
PEPS top holdings include NVIDIA, APPLE and MICROSOFT-T. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: PEPS or PHEQ?
PEPS holds 162 securities with 43.81% of its assets in the top 15. PHEQ has 164 securities and a top 15 weight of 47.6%.
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