RWLCvsPHEQETF Comparison
ETF 1
RWLC
Rayliant Quantitative Developed Market Equity ETF
This fund is part of
Uncategorized Equities
+0.67%
VS
Rayliant Quantitative Developed Market Equity ETF (RWLC) belongs to the Uncategorized Equities segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. RWLC's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, PHEQ's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. RWLC is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.29% for PHEQ. RWLC is up 16.8% year-to-date (YTD) with -$32M in YTD flows. PHEQ performs worse with 8.82% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of RWLC 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.
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RWLC vs PHEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RWLC PHEQ | -0.21%+0.88% | +4.20%+2.93% | +16.80%+8.82% | +18.08%+11.54% | +89.85%n/a | n/an/a |
| Flows | RWLC PHEQ | +$871K+$4M | -$5M+$12M | -$32M+$3M | -$29M+$35M | -$16M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWLC PHEQ | +9.65%+5.36% | +12.42%+6.67% | +13.23%n/a | n/an/a |
| Max drawdown | RWLC PHEQ | -2.28%-1.73% | -8.74%-3.96% | -15.40%n/a | n/an/a |
| Max drawdown duration | RWLC PHEQ | 15d19d | 75d86d | 85dn/a | n/an/a |
Trading data
RWLC | PHEQ | |
Last sale 9/22/2026 at 1:30 PM | $39.09 | $35.52 |
| Previous close 09/21/2026 | $38.97 | $35.46 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
RWLC | PHEQ | |
|---|---|---|
| Last price | $39.09 | $35.52 |
| 1D performance | +0.31% | +0.18% |
| AuM | $72.76 M | $151.96 M |
| E/R | 0.32% | 0.29% |
Characteristics
RWLC | PHEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Rayliant Asset Management | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 98 | 169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 15, 2021 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
RWLC
USA
97.24%
Other
2.76%
PHEQ
USA
100.61%
Other
-0.61%
Sectors
RWLC
Technology
48.21%
Finance
13.47%
Healthcare
12.39%
Consumer Non-Cycl.
7.87%
Other
18.06%
PHEQ
Technology
45.18%
Finance
14.44%
Consumer Non-Cycl.
10.18%
Healthcare
9.19%
Industrials
7.28%
Other
13.74%
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Diversification
RWLC
Total weight of top 15 holdings out of 15
45.66%
PHEQ
Total weight of top 15 holdings out of 15
47.46%
Top 15 holdings
Data as of July 31, 2026
RWLC
Apple, Inc.
8.63%
NVIDIA Corp.
6.16%
Alphabet, Inc.
3.83%
Alphabet, Inc.
3.44%
Microsoft Corp.
2.78%
Mastercard, Inc.
2.66%
Micron Technology, Inc.
2.56%
Amazon.com, Inc.
2.49%
Lam Research Corp.
2.09%
Eli Lilly & Co.
2.04%
Adobe, Inc.
1.88%
Altria Group, Inc.
1.88%
Gilead Sciences, Inc.
1.83%
McKesson Corp.
1.70%
ExxonMobil Holdings Corp.
1.68%
PHEQ
NVIDIA Corp.
7.65%
Apple, Inc.
7.46%
Microsoft Corp.
5.54%
Amazon.com, Inc.
4.39%
Alphabet, Inc.
3.43%
Broadcom Inc.
3.03%
Alphabet, Inc.
3.00%
Meta Platforms, Inc.
1.95%
JPMorgan Chase & Co.
1.83%
Eli Lilly & Co.
1.79%
Tesla, Inc.
1.60%
Micron Technology, Inc.
1.53%
Johnson & Johnson
1.45%
ExxonMobil Holdings Corp.
1.44%
Berkshire Hathaway, Inc.
1.37%
Frequently asked questions about RWLC and PHEQ
How have the RWLC and PHEQ ETFs performed in 2026?
As of September 18, 2026, RWLC is up 16.8% year-to-date (YTD), while PHEQ has returned 8.82%. That puts RWLC better performer ahead so far this year.
Which ETF is attracting more investor money: RWLC or PHEQ?
Year-to-date, the RWLC ETF saw -$32M in flows, compared to +$3M for PHEQ.
Which ETF is more volatile: RWLC or PHEQ?
Over the past year, RWLC had a volatility of 12.42%, while PHEQ experienced 6.67%.
Which ETF is bigger: RWLC or PHEQ?
As of September 18, 2026, RWLC holds $72.76 M in assets under management (AUM), while PHEQ manages $151.96 M.
What sectors do the RWLC and PHEQ ETFs invest in?
RWLC leans toward sectors like Technology, Finance and Healthcare. Meanwhile, PHEQ focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the RWLC ETF and PHEQ ETF?
RWLC top holdings include Apple, Inc., NVIDIA Corp. and Alphabet, Inc.. PHEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: RWLC or PHEQ?
RWLC holds 100 securities with 45.66% of its assets in the top 15. PHEQ has 171 securities and a top 15 weight of 47.46%.
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Latest news about RWLC & PHEQ
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