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PHEQvsVOTEETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

-0.04%

Full PHEQ fund page

VS

ETF 2

VOTE

TCW Transform 500 ETF

This fund is part of

US Large Cap

+0.11%

Full VOTE fund page

Parametric Hedged Equity ETF (PHEQ) belongs to the Options Strategies segment. TCW Transform 500 ETF (VOTE) is part of the US Large Cap segment. PHEQ's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, VOTE's top sector exposures are Information Technology, Communication Services and Financials. PHEQ is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.05% for VOTE. PHEQ is up 3.47% year-to-date (YTD) with -$10M in YTD flows. VOTE performs better with 5% YTD performance, and +$53M in YTD flows. Run a side-by-side ETF comparison of PHEQ and VOTE 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 VOTE 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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ VOTE	+5.45%+9.51%	+2.87%+3.42%	+3.47%+5.00%	+20.52%+32.24%	n/a+82.21%	n/an/a
Flows	PHEQ VOTE	+$5M+$5M	-$8M+$53M	-$10M+$53M	+$24M+$105M	-+$203M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ VOTE	+8.37%+15.44%	+7.13%+12.60%	n/a+15.23%	n/an/a
Max drawdown	PHEQ VOTE	-3.79%-9.04%	-3.96%-9.04%	n/a-19.12%	n/an/a
Max drawdown duration	PHEQ VOTE	71d76d	86d76d	n/a126d	n/an/a

Trading data

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	PHEQ	VOTE
Last sale 4/28/2026 at 1:30 PM	$33.66
Previous close 04/27/2026	$33.66
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 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	VOTE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	PHEQ	VOTE
Last price	$33.66	–
1D performance	+0.00%	–
AuM	$132.92 M	$1.03 B
E/R	0.29%	0.05%

Characteristics

	PHEQ	VOTE
Management strategy	Active	Passive
Provider	Morgan Stanley	TCW
Benchmark	-	Morningstar US Large Cap Select Index
N° of holdings	173	467
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	June 22, 2021
ESG	No	No

More PHEQ data on Trackinsight

More VOTE data on Trackinsight

Exposure

Countries

PHEQ

USA

93.2%

Other

6.8%

VOTE

USA

94.73%

Other

5.27%

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%

VOTE

Information Techn.

33.25%

Communication Ser.

10.38%

Financials

10.26%

Consumer Discreti.

9.91%

Health Care

9.42%

Industrials

8.37%

Other

18.41%

Diversification

PHEQ

Total weight of top 15 holdings out of 15

43.64%

VOTE

Total weight of top 15 holdings out of 15

41.87%

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%

VOTE

NVIDIA

7.23%

APPLE

6.58%

MICROSOFT-T

4.86%

AMAZON.COM INC

3.61%

ALPHABET INC-CL

2.96%

ALPHABET INC-CL

2.57%

BROADCOM LIMITED

2.55%

META PLATFORMS

2.21%

TESLA

1.85%

BERKSHIRE HATHWAY

1.56%

JPMORGAN CHASE

1.40%

LILLY

1.29%

EXXON

1.25%

JOHNSON&JOHNSON

1.04%

VISA INCORPORATION

0.90%

Frequently asked questions about PHEQ and VOTE

How have the PHEQ and VOTE ETFs performed in 2026?

As of April 24, 2026, PHEQ is up 3.47% year-to-date (YTD), while VOTE has returned 5%. That puts VOTE better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$53M for VOTE.

Which ETF is more volatile: PHEQ or VOTE?

Over the past year, PHEQ had a volatility of 7.13%, while VOTE experienced 12.6%.

Which ETF is bigger: PHEQ or VOTE?

As of April 24, 2026, PHEQ holds $132.92 M in assets under management (AUM), while VOTE manages $1.03 B.

What sectors do the PHEQ and VOTE ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or VOTE?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. VOTE has 489 securities and a top 15 weight of 41.87%.

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

November 16, 2023

PHEQ

PHEQvsVOTEETF Comparison

Parametric Hedged Equity ETF

TCW Transform 500 ETF

PHEQ vs VOTE 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 VOTE ETFs performed in 2026?

As of April 24, 2026, PHEQ is up 3.47% year-to-date (YTD), while VOTE has returned 5%. That puts VOTE better performer ahead so far this year.

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

Year-to-date, the PHEQ ETF saw -$10M in flows, compared to +$53M for VOTE.

Which ETF is more volatile: PHEQ or VOTE?

Over the past year, PHEQ had a volatility of 7.13%, while VOTE experienced 12.6%.

Which ETF is bigger: PHEQ or VOTE?

As of April 24, 2026, PHEQ holds $132.92 M in assets under management (AUM), while VOTE manages $1.03 B.

What sectors do the PHEQ and VOTE ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or VOTE?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. VOTE has 489 securities and a top 15 weight of 41.87%.

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

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