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 | |
|---|---|---|---|---|---|
| iShares 20+ Year Treasury Bond BuyWrite Strategy E... | 0.35% | 1.97B | Jun 2022 | PHEQ vs TLTW | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.93M | Jan 2021 | PHEQ vs ISWN | |
| PGIM US Large-Cap Buffer 12 ETF - April | 0.50% | — | Mar 2024 | PHEQ vs APRP | |
| PGIM US Large-Cap Buffer 20 ETF - March | 0.50% | — | Feb 2024 | PHEQ vs PBMR | |
| PGIM US Large-Cap Buffer 20 ETF - January | 0.50% | — | Dec 2023 | PHEQ vs PBJA |
Best Risk-Adjusted Alternatives to PHEQ
PHEQ has a PortfoliosLab risk / return rank of 82. There are 59 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 | 32.67M | Mar 2023 | PHEQ vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 198.32M | May 2020 | PHEQ vs APRW | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | — | Apr 2024 | PHEQ vs XAPR | |
| PGIM US Large-Cap Buffer 12 ETF - April | 98 | — | Mar 2024 | PHEQ vs APRP |
Top Performing PHEQ Alternatives (YTD)
PHEQ is at 5.67% YTD. There are 55 ETFs in the Options Trading category with higher YTD returns, going as high as 110.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 110.49% | 367.33M | Sep 2023 | PHEQ vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 189.73M | Sep 2023 | PHEQ vs QQQY | |
| LHA Market State Tactical Q ETF | 17.40% | 32.01M | Mar 2022 | PHEQ vs MSTQ | |
| YieldMax NVDA Option Income Strategy ETF | 13.06% | 1.45B | May 2023 | PHEQ vs NVDY | |
| Innovator Uncapped Accelerated U.S. Equity ETF | 12.67% | 49.68M | Aug 2022 | PHEQ vs XUSP |
Lowest Volatility Alternatives to PHEQ
PHEQ has 6.16% 1-year volatility. There are 81 ETFs in the Options Trading category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 40 Barrier ETF - April | 0.00% | 19.28M | Mar 2023 | PHEQ vs APRQ | |
| Innovator Premium Income 10 Barrier ETF - April | 0.00% | 9.42M | Mar 2023 | PHEQ vs APRD | |
| Innovator Premium Income 40 Barrier ETF - October | 0.00% | 7.17M | Sep 2023 | PHEQ vs OCTQ | |
| Innovator Premium Income 9 Buffer ETF - October | 0.00% | 5.96M | Sep 2023 | PHEQ vs HOCT | |
| Innovator U.S. Equity Accelerated ETF - October | 0.00% | 3.39M | Sep 2021 | PHEQ vs XDOC |
Lowest Drawdown Alternatives to PHEQ
PHEQ has a 1-year max drawdown of -4.26%. There are 64 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 30 Barrier ETF - April | -0.20% | 32.67M | Mar 2023 | PHEQ vs APRJ | |
| Innovator Premium Income 15 Buffer ETF - April | -0.24% | — | Mar 2024 | PHEQ vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 15.66M | Jun 2023 | PHEQ vs JULJ | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | -0.66% | — | Apr 2024 | PHEQ vs XAPR | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.75% | 198.32M | 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 | 73 | 10.67% | 27.28M | Nov 2024 | PHEQ vs PEPS |
Often Compared With PHEQ
Investors most often compare PHEQ with HELO, BUFD, SEPZ. These 20 comparison targets span 6 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