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PHEQvsGUSAETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

-0.06%

Full PHEQ fund page

VS

ETF 2

GUSA

Goldman Sachs MarketBeta US 1000 Equity ETF

This fund is part of

US Large Cap

-0.22%

Full GUSA fund page

Parametric Hedged Equity ETF (PHEQ) belongs to the Options Strategies segment. Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA) is part of the US Large Cap segment. PHEQ's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, GUSA's top sector exposures are Technology, Finance and Healthcare. PHEQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.1% for GUSA. PHEQ is up 7.43% year-to-date (YTD) with -$6M in YTD flows. GUSA performs better with 13.32% YTD performance, and +$129K in YTD flows. Run a side-by-side ETF comparison of PHEQ and GUSA 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 GUSA 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 08/06/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ GUSA	+0.98%+2.04%	+2.61%+4.87%	+7.43%+13.32%	+13.09%+22.44%	n/a+76.10%	n/an/a
Flows	PHEQ GUSA	-$13K+$38K	+$3M+$3K	-$6M+$129K	+$26M-$3M	-+$15M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ GUSA	+5.96%+13.68%	+6.60%+13.12%	n/a+15.33%	n/an/a
Max drawdown	PHEQ GUSA	-1.73%-4.47%	-3.96%-8.99%	n/a-19.25%	n/an/a
Max drawdown duration	PHEQ GUSA	19d62d	86d76d	n/a126d	n/an/a

Trading data

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	PHEQ	GUSA
Last sale 8/7/2026 at 6:32 PM	$35.06	$66.47
Previous close 08/06/2026	$34.92	$66.62
Consolidated volume 08/06/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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PHEQ

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 8/7/2026 at 6:32 PM

Live

Closed

	PHEQ	GUSA
Last price	$35.06	$66.47
1D performance	+0.40%	-0.23%
AuM	$141.30 M	$2.40 B
E/R	0.29%	0.1%

Characteristics

	PHEQ	GUSA
Management strategy	Active	Passive
Provider	Morgan Stanley	Goldman Sachs
Benchmark	-	Solactive GBS US 1000 Index
N° of holdings	169	990
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	April 5, 2022
ESG	No	No

More PHEQ data on Trackinsight

More GUSA data on Trackinsight

Exposure

Countries

PHEQ

USA

100.19%

Other

-0.19%

GUSA

USA

96.85%

Other

3.15%

Sectors

PHEQ

Technology

46.23%

Finance

13.58%

Consumer Non-Cycl.

9.39%

Healthcare

9.11%

Industrials

8.04%

Other

13.66%

GUSA

Technology

42.92%

Finance

13.51%

Healthcare

9.13%

Industrials

8.74%

Consumer Non-Cycl.

8.6%

Other

17.1%

Diversification

PHEQ

Total weight of top 15 holdings out of 15

46.28%

GUSA

Total weight of top 15 holdings out of 15

39.15%

Top 15 holdings

Data as of June 30, 2026

PHEQ

NVIDIA Corp.

7.60%

Apple, Inc.

6.96%

Microsoft Corp.

4.43%

Amazon.com, Inc.

3.83%

Alphabet, Inc.

3.43%

Alphabet, Inc.

2.96%

Broadcom Inc.

2.93%

Tesla, Inc.

2.15%

Micron Technology, Inc.

2.14%

Meta Platforms, Inc.

1.97%

Eli Lilly & Co.

1.86%

JPMorgan Chase & Co.

1.70%

Morgan Stanley Instl. Liquidity Funds - Government Portfolio

1.52%

Johnson & Johnson

1.43%

KLA Corp.

1.38%

GUSA

NVIDIA Corp.

6.56%

Apple, Inc.

5.81%

Microsoft Corp.

3.89%

Amazon.com, Inc.

3.32%

Alphabet, Inc.

2.97%

Alphabet, Inc.

2.56%

Broadcom Inc.

2.49%

Tesla, Inc.

1.98%

Micron Technology, Inc.

1.86%

Meta Platforms, Inc.

1.77%

Eli Lilly & Co.

1.50%

JPMorgan Chase & Co.

1.28%

Advanced Micro Devices, Inc.

1.26%

Berkshire Hathaway, Inc.

0.99%

Johnson & Johnson

0.90%

Frequently asked questions about PHEQ and GUSA

How have the PHEQ and GUSA ETFs performed in 2026?

As of August 6, 2026, PHEQ is up 7.43% year-to-date (YTD), while GUSA has returned 13.32%. That puts GUSA better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$6M in flows, compared to +$129K for GUSA.

Which ETF is more volatile: PHEQ or GUSA?

Over the past year, PHEQ had a volatility of 6.6%, while GUSA experienced 13.12%.

Which ETF is bigger: PHEQ or GUSA?

As of August 6, 2026, PHEQ holds $141.30 M in assets under management (AUM), while GUSA manages $2.40 B.

What sectors do the PHEQ and GUSA ETFs invest in?

PHEQ leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, GUSA focuses on Technology, Finance and Healthcare.

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

PHEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. GUSA holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: PHEQ or GUSA?

PHEQ holds 171 securities with 46.28% of its assets in the top 15. GUSA has 1002 securities and a top 15 weight of 39.15%.

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

November 16, 2023

PHEQ

PHEQvsGUSAETF Comparison

Parametric Hedged Equity ETF

Goldman Sachs MarketBeta US 1000 Equity ETF

PHEQ vs GUSA 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 GUSA ETFs performed in 2026?

As of August 6, 2026, PHEQ is up 7.43% year-to-date (YTD), while GUSA has returned 13.32%. That puts GUSA better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$6M in flows, compared to +$129K for GUSA.

Which ETF is more volatile: PHEQ or GUSA?

Over the past year, PHEQ had a volatility of 6.6%, while GUSA experienced 13.12%.

Which ETF is bigger: PHEQ or GUSA?

As of August 6, 2026, PHEQ holds $141.30 M in assets under management (AUM), while GUSA manages $2.40 B.

What sectors do the PHEQ and GUSA ETFs invest in?

PHEQ leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, GUSA focuses on Technology, Finance and Healthcare.

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

PHEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. GUSA holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: PHEQ or GUSA?

PHEQ holds 171 securities with 46.28% of its assets in the top 15. GUSA has 1002 securities and a top 15 weight of 39.15%.

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

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