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PHEQvsESGUETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.07%

Full PHEQ fund page

VS

ETF 2

ESGU

iShares ESG Aware MSCI USA ETF

This fund is part of

US Large Cap

+0.36%

Full ESGU fund page

Parametric Hedged Equity ETF (PHEQ) belongs to the Options Strategies segment. iShares ESG Aware MSCI USA ETF (ESGU) is part of the US Large Cap segment. PHEQ's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, ESGU's top sector exposures are Information Technology, Financials and Consumer Discretionary. PHEQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.15% for ESGU. PHEQ is up 3.81% year-to-date (YTD) with -$10M in YTD flows. ESGU performs better with 5.63% YTD performance, and +$282M in YTD flows. Run a side-by-side ETF comparison of PHEQ and ESGU 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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PHEQ vs ESGU performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ ESGU	+7.14%+10.15%	+3.75%+3.88%	+3.81%+5.63%	+19.60%+30.21%	n/a+77.90%	n/a+75.04%
Flows	PHEQ ESGU	+$5M+$179M	-$8M+$131M	-$10M+$282M	+$23M+$417M	--$4.39B	--$5.62B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ ESGU	+8.33%+15.99%	+7.12%+12.89%	n/a+15.19%	n/a+17.35%
Max drawdown	PHEQ ESGU	-3.73%-9.07%	-3.96%-9.25%	n/a-19.24%	n/a-26.18%
Max drawdown duration	PHEQ ESGU	57d71d	86d76d	n/a153d	n/a722d

Trading data

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	PHEQ	ESGU
Last sale 5/1/2026 at 1:30 PM	$33.91	$156.91
Previous close 04/29/2026	$33.83	$156.60
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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PHEQ

is actively managed and doesn’t replicate an index

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	PHEQ	ESGU
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	PHEQ	ESGU
Last price	$33.91	$156.91
1D performance	+0.24%	+0.20%
AuM	$133.35 M	$16.64 B
E/R	0.29%	0.15%

Characteristics

	PHEQ	ESGU
Management strategy	Active	Passive
Provider	Morgan Stanley	iShares
Benchmark	-	MSCI USA Extended ESG Focus Index
N° of holdings	173	273
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	December 1, 2016
ESG	No	Yes

More PHEQ data on Trackinsight

More ESGU data on Trackinsight

Exposure

Countries

PHEQ

USA

93.2%

Other

6.8%

ESGU

USA

96.5%

Other

3.5%

Sectors

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%

ESGU

Information Techn.

35.19%

Financials

10.39%

Consumer Discreti.

9.71%

Health Care

9.48%

Communication Ser.

9.4%

Industrials

7.9%

Other

17.93%

Diversification

PHEQ

Total weight of top 15 holdings out of 15

43.64%

ESGU

Total weight of top 15 holdings out of 15

39.74%

Top 15 holdings

Data as of March 31, 2026

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%

ESGU

NVIDIA

7.48%

APPLE

6.47%

MICROSOFT-T

4.53%

ALPHABET INC-CL

4.19%

AMAZON.COM INC

3.42%

BROADCOM LIMITED

2.48%

META PLATFORMS

2.04%

TESLA

1.84%

JPMORGAN CHASE

1.34%

LILLY

1.29%

ALPHABET INC-CL

1.17%

VISA INCORPORATION

1.03%

EXXON

0.94%

JOHNSON&JOHNSON

0.77%

ABBVIE

0.76%

Frequently asked questions about PHEQ and ESGU

How have the PHEQ and ESGU ETFs performed in 2026?

As of April 30, 2026, PHEQ is up 3.81% year-to-date (YTD), while ESGU has returned 5.63%. That puts ESGU better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$282M for ESGU.

Which ETF is more volatile: PHEQ or ESGU?

Over the past year, PHEQ had a volatility of 7.12%, while ESGU experienced 12.89%.

Which ETF is bigger: PHEQ or ESGU?

As of April 30, 2026, PHEQ holds $133.35 M in assets under management (AUM), while ESGU manages $16.64 B.

What sectors do the PHEQ and ESGU ETFs invest in?

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

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

PHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. ESGU holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: PHEQ or ESGU?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. ESGU has 288 securities and a top 15 weight of 39.74%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

November 16, 2023

PHEQ

ESG ETFs – Investing in sustainability

October 18, 2022

ESGU

PHEQvsESGUETF Comparison

Parametric Hedged Equity ETF

iShares ESG Aware MSCI USA ETF

PHEQ vs ESGU performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PHEQ and ESGU ETFs performed in 2026?

As of April 30, 2026, PHEQ is up 3.81% year-to-date (YTD), while ESGU has returned 5.63%. That puts ESGU better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$282M for ESGU.

Which ETF is more volatile: PHEQ or ESGU?

Over the past year, PHEQ had a volatility of 7.12%, while ESGU experienced 12.89%.

Which ETF is bigger: PHEQ or ESGU?

As of April 30, 2026, PHEQ holds $133.35 M in assets under management (AUM), while ESGU manages $16.64 B.

What sectors do the PHEQ and ESGU ETFs invest in?

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

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

PHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. ESGU holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: PHEQ or ESGU?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. ESGU has 288 securities and a top 15 weight of 39.74%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

ESG ETFs – Investing in sustainability

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up