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XBFRvsPHEQETF Comparison

ETF 1

XBFR

Innovator Equity Managed 10 Buffer ETF

This fund is part of

Options Strategies

+0.17%

Full XBFR fund page

VS

ETF 2

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.17%

Full PHEQ fund page

Innovator Equity Managed 10 Buffer ETF (XBFR) and Parametric Hedged Equity ETF (PHEQ) belong to the same industry segment: Options Strategies. XBFR's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. XBFR is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.29% for PHEQ. Run a side-by-side ETF comparison of XBFR 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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XBFR vs PHEQ 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.	XBFR PHEQ	+3.46%+5.24%	n/a+2.94%	n/a+3.23%	n/a+23.21%	n/an/a	n/an/a
Flows	XBFR PHEQ	+$14M+$3M	--$11M	--$11M	-+$22M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XBFR PHEQ	n/a+8.32%	n/a+7.31%	n/an/a	n/an/a
Max drawdown	XBFR PHEQ	n/a-3.79%	n/a-3.96%	n/an/a	n/an/a
Max drawdown duration	XBFR PHEQ	n/a71d	n/a86d	n/an/a	n/an/a

Trading data

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	XBFR	PHEQ
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

	XBFR	PHEQ
Last price	–	$33.71
1D performance	–	+0.69%
AuM	$25.36 M	$130.92 M
E/R	0.79%	0.29%

Characteristics

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

More XBFR data on Trackinsight

More PHEQ data on Trackinsight

Exposure

Countries

XBFR

USA

90.34%

Other

9.66%

PHEQ

USA

93.2%

Other

6.8%

Sectors

XBFR

Information Techn.

31.81%

Communication Ser.

10.12%

Financials

9.08%

Consumer Discreti.

8.75%

Health Care

8.39%

Other

31.85%

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%

Diversification

XBFR

Total weight of top 15 holdings out of 15

40.42%

PHEQ

Total weight of top 15 holdings out of 15

43.64%

Top 15 holdings

Data as of March 31, 2026

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%

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%

Frequently asked questions about XBFR and PHEQ

Which ETF is bigger: XBFR or PHEQ?

As of April 24, 2026, XBFR holds $25.36 M in assets under management (AUM), while PHEQ manages $130.92 M.

What sectors do the XBFR and PHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: XBFR or PHEQ?

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

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

November 16, 2023

PHEQ

XBFRvsPHEQETF Comparison

Innovator Equity Managed 10 Buffer ETF

Parametric Hedged Equity ETF

XBFR vs PHEQ 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: XBFR or PHEQ?

As of April 24, 2026, XBFR holds $25.36 M in assets under management (AUM), while PHEQ manages $130.92 M.

What sectors do the XBFR and PHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: XBFR or PHEQ?

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

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

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up