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PHEQvsXBFRETF Comparison

ETF 1

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.17%

Full PHEQ fund page

VS

ETF 2

XBFR

Innovator Equity Managed 10 Buffer ETF

This fund is part of

Options Strategies

+0.17%

Full XBFR fund page

Parametric Hedged Equity ETF (PHEQ) and Innovator Equity Managed 10 Buffer ETF (XBFR) belong to the same industry segment: Options Strategies. PHEQ's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, XBFR's top sector exposures are Information Technology, Communication Services and Financials. PHEQ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.79% for XBFR. Run a side-by-side ETF comparison of PHEQ and XBFR 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 XBFR 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 04/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHEQ XBFR	+5.24%+3.46%	+2.94%n/a	+3.23%n/a	+23.21%n/a	n/an/a	n/an/a
Flows	PHEQ XBFR	+$3M+$14M	-$11M-	-$11M-	+$22M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHEQ XBFR	+8.32%n/a	+7.31%n/a	n/an/a	n/an/a
Max drawdown	PHEQ XBFR	-3.79%n/a	-3.96%n/a	n/an/a	n/an/a
Max drawdown duration	PHEQ XBFR	71dn/a	86dn/a	n/an/a	n/an/a

Trading data

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	PHEQ	XBFR
Last sale 4/24/2026 at 1:30 PM	$33.71
Previous close 04/23/2026	$33.48
Consolidated volume 04/23/2026
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	XBFR
Last price	$33.71	–
1D performance	+0.69%	–
AuM	$130.92 M	$25.36 M
E/R	0.29%	0.79%

Characteristics

	PHEQ	XBFR
Management strategy	Active	Active
Provider	Morgan Stanley	Innovator
Benchmark	-	-
N° of holdings	173	168
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	February 24, 2026
ESG	No	No

More PHEQ data on Trackinsight

More XBFR data on Trackinsight

Exposure

Countries

PHEQ

USA

93.2%

Other

6.8%

XBFR

USA

90.34%

Other

9.66%

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%

XBFR

Information Techn.

31.81%

Communication Ser.

10.12%

Financials

9.08%

Consumer Discreti.

8.75%

Health Care

8.39%

Other

31.85%

Diversification

PHEQ

Total weight of top 15 holdings out of 15

43.64%

XBFR

Total weight of top 15 holdings out of 15

40.42%

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%

XBFR

NVIDIA

6.71%

APPLE

6.18%

MICROSOFT-T

4.69%

AMAZON.COM INC

3.32%

ALPHABET INC-CL

2.78%

BROADCOM LIMITED

2.38%

ALPHABET INC-CL

2.37%

META PLATFORMS

2.04%

TESLA

1.85%

JPMORGAN CHASE

1.55%

EXXON

1.52%

BERKSHIRE HATHWAY

1.33%

LILLY

1.32%

JOHNSON&JOHNSON

1.24%

WALMART INC

1.14%

Frequently asked questions about PHEQ and XBFR

Which ETF is bigger: PHEQ or XBFR?

As of April 22, 2026, PHEQ holds $130.92 M in assets under management (AUM), while XBFR manages $25.36 M.

What sectors do the PHEQ and XBFR ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or XBFR?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. XBFR has 189 securities and a top 15 weight of 40.42%.

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

November 16, 2023

PHEQ

PHEQvsXBFRETF Comparison

Parametric Hedged Equity ETF

Innovator Equity Managed 10 Buffer ETF

PHEQ vs XBFR 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

Which ETF is bigger: PHEQ or XBFR?

As of April 22, 2026, PHEQ holds $130.92 M in assets under management (AUM), while XBFR manages $25.36 M.

What sectors do the PHEQ and XBFR ETFs invest in?

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

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

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

Which ETF is more diversified: PHEQ or XBFR?

PHEQ holds 182 securities with 43.64% of its assets in the top 15. XBFR has 189 securities and a top 15 weight of 40.42%.

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

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