Parametric Hedged Equity ETF (PHEQ)
PHEQ is an actively managed ETF by Parametric. PHEQ launched on Oct 16, 2023 and has a 0.29% expense ratio.
ETF Info
| Issuer | Parametric |
|---|---|
| Inception Date | Oct 16, 2023 |
| Category | Options Trading |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
PHEQ features an expense ratio of 0.29%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PHEQ vs. QYLE.DE, PHEQ vs. HELO, PHEQ vs. SEPZ, PHEQ vs. SPY, PHEQ vs. SPLG, PHEQ vs. BUFF, PHEQ vs. USMV, PHEQ vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parametric Hedged Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Parametric Hedged Equity ETF had a return of 13.92% year-to-date (YTD) and 19.61% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.92% | 25.45% |
| 1 month | 1.97% | 2.91% |
| 6 months | 8.30% | 14.05% |
| 1 year | 19.61% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of PHEQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.65% | 1.44% | 0.93% | -0.35% | 1.71% | 1.91% | 0.83% | 1.19% | 1.30% | 0.27% | 13.92% | ||
| 2023 | -1.51% | 6.26% | 2.42% | 7.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PHEQ is 94, placing it in the top 6% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parametric Hedged Equity ETF (PHEQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Parametric Hedged Equity ETF provided a 2.25% dividend yield over the last twelve months, with an annual payout of $0.66 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.66 | $0.45 |
Dividend yield | 2.25% | 1.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Parametric Hedged Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.21 | |
| 2023 | $0.45 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parametric Hedged Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parametric Hedged Equity ETF was 4.11%, occurring on Aug 5, 2024. Recovery took 10 trading sessions.
The current Parametric Hedged Equity ETF drawdown is 0.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.11% | Jul 11, 2024 | 18 | Aug 5, 2024 | 10 | Aug 19, 2024 | 28 |
| -2.6% | Oct 20, 2023 | 6 | Oct 27, 2023 | 4 | Nov 2, 2023 | 10 |
| -1.74% | Apr 2, 2024 | 15 | Apr 22, 2024 | 9 | May 3, 2024 | 24 |
| -1.71% | Aug 30, 2024 | 5 | Sep 6, 2024 | 4 | Sep 12, 2024 | 9 |
| -0.95% | Oct 30, 2024 | 4 | Nov 4, 2024 | 2 | Nov 6, 2024 | 6 |
Volatility
Volatility Chart
The current Parametric Hedged Equity ETF volatility is 1.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.