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PHEQvsLCTUETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

-0.16%

Full PHEQ fund page

VS

ETF 2

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

Full LCTU fund page

Parametric Hedged Equity ETF (PHEQ) belongs to the Options Strategies segment. BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is part of the segment. PHEQ's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, LCTU's top sector exposures are Information Technology, Financials and Consumer Discretionary. PHEQ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.3% for LCTU. PHEQ is up 3.47% year-to-date (YTD) with -$10M in YTD flows. LCTU performs better with 3.64% YTD performance, and -$27M in YTD flows. Run a side-by-side ETF comparison of PHEQ and LCTU 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 LCTU 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ LCTU	+6.79%+11.98%	+2.75%+2.09%	+3.47%+3.64%	+19.80%+29.43%	n/a+75.35%	n/a+72.86%
Flows	PHEQ LCTU	+$5M-$2M	-$8M-$33M	-$10M-$27M	+$23M-$15M	--$685M	--$534M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ LCTU	+8.37%+15.60%	+7.14%+12.80%	n/a+15.21%	n/a+17.31%
Max drawdown	PHEQ LCTU	-3.79%-9.07%	-3.96%-9.37%	n/a-19.80%	n/a-25.94%
Max drawdown duration	PHEQ LCTU	71d77d	86d93d	n/a127d	n/a744d

Trading data

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	PHEQ	LCTU
Last sale 4/28/2026 at 7:59 PM	$33.62	$76.19
Previous close 04/28/2026	$33.66	$76.56
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/28/2026 at 7:59 PM

Live

Closed

	PHEQ	LCTU
Last price	$33.62	$76.19
1D performance	-0.10%	-0.49%
AuM	$132.92 M	$1.44 B
E/R	0.29%	0.3%

Characteristics

	PHEQ	LCTU
Management strategy	Active	Active
Provider	Morgan Stanley	iShares
Benchmark	-	-
N° of holdings	173	288
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	April 8, 2021
ESG	No	Yes

More PHEQ data on Trackinsight

More LCTU data on Trackinsight

Exposure

Countries

PHEQ

USA

93.2%

Other

6.8%

LCTU

USA

96.34%

Other

3.66%

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%

LCTU

Information Techn.

32.54%

Financials

11.03%

Consumer Discreti.

10.13%

Health Care

9.61%

Communication Ser.

9.56%

Industrials

8.48%

Other

18.65%

Diversification

PHEQ

Total weight of top 15 holdings out of 15

43.64%

LCTU

Total weight of top 15 holdings out of 15

39.16%

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%

LCTU

NVIDIA

7.31%

APPLE

7.12%

MICROSOFT-T

3.65%

AMAZON.COM INC

2.78%

ALPHABET INC-CL

2.47%

META PLATFORMS

2.35%

BROADCOM LIMITED

2.19%

ALPHABET INC-CL

1.94%

TESLA

1.80%

BERKSHIRE HATHWAY

1.46%

JPMORGAN CHASE

1.28%

BK OF AMERICA CO

1.25%

LILLY

1.23%

RAYTHEON TECHNOLOGIES CORPORD

1.22%

ECOLAB

1.10%

Frequently asked questions about PHEQ and LCTU

How have the PHEQ and LCTU ETFs performed in 2026?

As of April 27, 2026, PHEQ is up 3.47% year-to-date (YTD), while LCTU has returned 3.64%. That puts LCTU better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to -$27M for LCTU.

Which ETF is more volatile: PHEQ or LCTU?

Over the past year, PHEQ had a volatility of 7.14%, while LCTU experienced 12.8%.

Which ETF is bigger: PHEQ or LCTU?

As of April 27, 2026, PHEQ holds $132.92 M in assets under management (AUM), while LCTU manages $1.44 B.

What sectors do the PHEQ and LCTU ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or LCTU?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. LCTU has 308 securities and a top 15 weight of 39.16%.

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

November 16, 2023

PHEQ

PHEQvsLCTUETF Comparison

Parametric Hedged Equity ETF

BlackRock U.S. Carbon Transition Readiness ETF

PHEQ vs LCTU 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 LCTU ETFs performed in 2026?

As of April 27, 2026, PHEQ is up 3.47% year-to-date (YTD), while LCTU has returned 3.64%. That puts LCTU better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to -$27M for LCTU.

Which ETF is more volatile: PHEQ or LCTU?

Over the past year, PHEQ had a volatility of 7.14%, while LCTU experienced 12.8%.

Which ETF is bigger: PHEQ or LCTU?

As of April 27, 2026, PHEQ holds $132.92 M in assets under management (AUM), while LCTU manages $1.44 B.

What sectors do the PHEQ and LCTU ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or LCTU?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. LCTU has 308 securities and a top 15 weight of 39.16%.

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

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