Parametric Hedged Equity ETF (PHEQ) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PHEQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PHEQ
PHEQ charges 0.29% annually. No ETFs in the Options Trading category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.57M | Jul 2025 | PHEQ vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 316.92M | Nov 2021 | PHEQ vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.90M | Jan 2021 | PHEQ vs ISWN | |
| PGIM S&P 500 Max Buffer ETF - December | 0.50% | 6.51M | Nov 2025 | PHEQ vs PMDE | |
| iShares Large Cap Moderate Buffer ETF | 0.50% | 166.68M | Jun 2023 | PHEQ vs IVVM |
Best Risk-Adjusted Alternatives to PHEQ
PHEQ has a PortfoliosLab risk / return rank of 81. There are 60 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | PHEQ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.69M | Mar 2023 | PHEQ vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 198.50M | May 2020 | PHEQ vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 97 | — | Mar 2024 | PHEQ vs PBAP | |
| PGIM US Large-Cap Buffer 12 ETF - April | 97 | — | Mar 2024 | PHEQ vs APRP |
Top Performing PHEQ Alternatives (YTD)
PHEQ is at 5.21% YTD. There are 56 ETFs in the Options Trading category with higher YTD returns, going as high as 101.34%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | PHEQ vs AMDY | |
| Defiance R2000 Enhanced Options & 0DTE Income ETF | 14.94% | 97.61M | Oct 2023 | PHEQ vs IWMY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 14.69% | 184.62M | Sep 2023 | PHEQ vs QQQY | |
| Kurv Technology Titans Select ETF | 14.14% | 100.42M | Jul 2024 | PHEQ vs KQQQ | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 12.61% | 864.88M | Mar 2024 | PHEQ vs QDTE |
Lowest Volatility Alternatives to PHEQ
PHEQ has 6.17% 1-year volatility. There are 73 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.26%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.26% | — | Mar 2024 | PHEQ vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.50% | 668.40M | Aug 2013 | PHEQ vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.54% | 13.80M | Jun 2023 | PHEQ vs JULJ | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.69M | Mar 2023 | PHEQ vs APRJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.08% | — | Mar 2024 | PHEQ vs XIMR |
Lowest Drawdown Alternatives to PHEQ
PHEQ has a 1-year max drawdown of -4.26%. There are 63 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | PHEQ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.69M | Mar 2023 | PHEQ vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.80M | Jun 2023 | PHEQ vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | PHEQ vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 198.50M | May 2020 | PHEQ vs APRW |
Other ETFs from Parametric
The 1 most viewed Parametric ETFs shown here include PEPS and span 1 categories. AUM among these funds goes as high as $27M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Parametric Equity Plus ETF | Derivative Income | 62 | 7.86% | 27.32M | Nov 2024 | PHEQ vs PEPS |
Often Compared With PHEQ
Investors most often compare PHEQ with HELO, BUFD, SEPZ. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PHEQ with Any Fund or Stock
Compare PHEQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PHEQ with funds that move differently
Parametric Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHEQ.
Explore PHEQ Diversifiers