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PHEQvsSLTYETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.26%

Full PHEQ fund page

VS

ETF 2

SLTY

YieldMax Ultra Short Option Income Strategy ETF

This fund is part of

Alternatives

+0.56%

Full SLTY fund page

Parametric Hedged Equity ETF (PHEQ) belongs to the Options Strategies segment. YieldMax Ultra Short Option Income Strategy ETF (SLTY) is part of the Alternatives segment. PHEQ's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, SLTY's top sector exposures are Consumer Discretionary, Communication Services and Industrials. PHEQ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 1.24% for SLTY. PHEQ is up 3.47% year-to-date (YTD) with -$10M in YTD flows. SLTY performs worse with -4.65% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of PHEQ and SLTY 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 SLTY performance and flow charts

Performance

Cumulative Flows

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

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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ SLTY	+5.45%-3.89%	+2.87%+5.01%	+3.47%-4.65%	+20.52%n/a	n/an/a	n/an/a
Flows	PHEQ SLTY	+$5M+$4M	-$8M+$6M	-$10M+$3M	+$24M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ SLTY	+8.37%+13.81%	+7.13%n/a	n/an/a	n/an/a
Max drawdown	PHEQ SLTY	-3.79%-8.17%	-3.96%n/a	n/an/a	n/an/a
Max drawdown duration	PHEQ SLTY	71d25d	86dn/a	n/an/a	n/an/a

Trading data

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	PHEQ	SLTY
Last sale 4/24/2026 at 1:30 PM	$33.71	$26.41
Previous close 04/24/2026	$33.48	$26.29
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/24/2026 at 1:30 PM

Live

Closed

	PHEQ	SLTY
Last price	$33.71	$26.41
1D performance	+0.69%	+0.47%
AuM	$132.92 M	$20.54 M
E/R	0.29%	1.24%

Characteristics

	PHEQ	SLTY
Management strategy	Active	Active
Provider	Morgan Stanley	YieldMax ETFs
Benchmark	-	-
N° of holdings	173	24
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	August 21, 2025
ESG	No	No

More PHEQ data on Trackinsight

More SLTY data on Trackinsight

Exposure

Countries

PHEQ

USA

93.2%

Other

6.8%

SLTY

Data will be available soon

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%

SLTY

Data will be available soon

Diversification

PHEQ

Total weight of top 15 holdings out of 15

43.64%

SLTY

Data will be available soon

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%

SLTY

Data will be available soon

Frequently asked questions about PHEQ and SLTY

How have the PHEQ and SLTY ETFs performed in 2026?

As of April 24, 2026, PHEQ is up 3.47% year-to-date (YTD), while SLTY has lost -4.65%. That puts PHEQ better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$3M for SLTY.

Which ETF is bigger: PHEQ or SLTY?

As of April 24, 2026, PHEQ holds $132.92 M in assets under management (AUM), while SLTY manages $20.54 M.

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

PHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SLTY holds in its top three: US912797RG48, US912797RF64 and US912797RS85.

Which ETF is more diversified: PHEQ or SLTY?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. SLTY has 30 securities and a top 15 weight of 51.67%.

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

November 16, 2023

PHEQ

PHEQvsSLTYETF Comparison

Parametric Hedged Equity ETF

YieldMax Ultra Short Option Income Strategy ETF

PHEQ vs SLTY 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 SLTY ETFs performed in 2026?

As of April 24, 2026, PHEQ is up 3.47% year-to-date (YTD), while SLTY has lost -4.65%. That puts PHEQ better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$3M for SLTY.

Which ETF is bigger: PHEQ or SLTY?

As of April 24, 2026, PHEQ holds $132.92 M in assets under management (AUM), while SLTY manages $20.54 M.

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

PHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SLTY holds in its top three: US912797RG48, US912797RF64 and US912797RS85.

Which ETF is more diversified: PHEQ or SLTY?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. SLTY has 30 securities and a top 15 weight of 51.67%.

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

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