Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
QQQAvsPHEQETF Comparison
Proshares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) belongs to the US Multi-Factor segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. QQQA's top 3 sector exposures are Information Technology, Consumer Discretionary and Communication Services. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. QQQA is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.29% for PHEQ. QQQA is up 5.69% year-to-date (YTD) with +$533K in YTD flows. PHEQ performs worse with -0.65% YTD performance, and -$11M in YTD flows. Run a side-by-side ETF comparison of QQQA and PHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
QQQA vs PHEQ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQA PHEQ | -1.78%-1.07% | +3.93%-0.48% | +5.69%-0.65% | +28.94%+14.12% | +72.39%n/a | n/an/a |
| Flows | QQQA PHEQ | --$5M | +$533K-$11M | +$533K-$11M | -$2M+$28M | -$5M- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQA PHEQ | +29.60%+6.16% | +28.46%+10.59% | +25.05%n/a | n/an/a |
| Max drawdown | QQQA PHEQ | -10.47%-1.65% | -17.66%-8.63% | -30.84%n/a | n/an/a |
| Max drawdown duration | QQQA PHEQ | 41d57d | 90d45d | 325dn/a | n/an/a |
QQQA | PHEQ | |
Last sale 3/12/2026 at 1:30 PM | $51.76 | $32.10 |
| Previous close 03/11/2026 | $52.84 | $32.34 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
QQQA | PHEQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
QQQA | PHEQ | |
|---|---|---|
| Last price | $51.76 | $32.10 |
| 1D performance | -2.04% | -0.74% |
| AuM | $11.10 M | $126.13 M |
| E/R | 0.58% | 0.29% |
QQQA | PHEQ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | ProShares | Morgan Stanley |
| Benchmark | NASDAQ - 100 Dorsey Wright Momentum Index | - |
| N° of holdings | 20 | 156 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2021 | October 19, 2023 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the QQQA and PHEQ ETFs performed in 2026?
As of March 11, 2026, QQQA is up 5.69% year-to-date (YTD), while PHEQ has lost -0.65%. That puts QQQA better performer ahead so far this year.
Which ETF is attracting more investor money: QQQA or PHEQ?
Year-to-date, the QQQA ETF saw +$533K in flows, compared to -$11M for PHEQ.
Which ETF is more volatile: QQQA or PHEQ?
Over the past year, QQQA had a volatility of 28.46%, while PHEQ experienced 10.59%.
Which ETF is bigger: QQQA or PHEQ?
As of March 11, 2026, QQQA holds $11.10 M in assets under management (AUM), while PHEQ manages $126.13 M.
What sectors do the QQQA and PHEQ ETFs invest in?
QQQA leans toward sectors like Information Technology, Consumer Discretionary and Communication Services. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the QQQA ETF and PHEQ ETF?
QQQA top holdings include ADVANCED MICRO DEVICES, WESTERN DIGITAL and SEAGATE TECHNOLOGY HOLDINGS PLC. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: QQQA or PHEQ?
QQQA holds 21 securities with 74.24% of its assets in the top 15. PHEQ has 164 securities and a top 15 weight of 47.6%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
