---
ticker: "PHEQ"
name: "Parametric Hedged Equity ETF"
url: "https://etf.net/etf/PHEQ"
grade: "A"
score: 72
graded_at: "2026-10-12"
category: "S&P 500 Option Income"
category_rank: "8 of 52"
methodology: "https://etf.net/methodology"
---

# PHEQ: Parametric Hedged Equity ETF

Grade **A**, Score 72 of 100. Rank 8 of 52 in S&P 500 Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 90 | 5 of 52 |
| Mission | Not scored | — |
| Risk | 79 | 4 of 52 |
| Tradability | 44 | 31 of 52 |
| Holdings | 62 | 19 of 41 |
| Durability | 56 | 25 of 52 |

## Top holdings

The fund holds 178 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | NVDA | NVIDIA Corp Common Stock | 8.29% |
| 2 | AAPL | Apple Inc Common Stock | 7.63% |
| 3 | MSFT | Microsoft Corp Common | 6.20% |
| 4 | AMZN | Amazon.com Inc Common | 4.03% |
| 5 | GOOGL | Alphabet Inc-Cl A - | 3.26% |
| 6 | GOOG | Alphabet Inc-Cl C - | 2.74% |
| 7 | AVGO | Broadcom Inc Common Stock | 2.66% |
| 8 | META | Meta Platforms Inc Common | 2.44% |
| 9 | TSLA | Tesla Inc Common Stock | 1.85% |
| 10 | MU | Micron Technology Inc | 1.77% |
| 11 | LLY | Eli Lilly and Company | 1.76% |
| 12 | JPM | JPMorgan Chase & Co | 1.68% |
| 13 | XOM | Exxonmobil Holdings Corp | 1.54% |
| 14 | JNJ | Johnson & Johnson Common | 1.43% |
| 15 | BRK.B | Berkshire Hathaway Inc | 1.33% |
| 16 | V | Visa Inc Common Stock USD | 1.24% |
| 17 | — | Msilf Government | 1.23% |
| 18 | AMD | Advanced Micro Devices | 1.18% |
| 19 | CSCO | Cisco Systems Inc Common | 1.17% |
| 20 | PLTR | Palantir Technologies Inc | 1.08% |
| 21 | ABBV | AbbVie Inc Common Stock | 1.06% |
| 22 | WMT | Walmart Inc Common Stock | 0.98% |
| 23 | CVX | Chevron Corp Common Stock | 0.97% |
| 24 | MA | Mastercard Inc Common | 0.96% |
| 25 | COST | Costco Wholesale Corp | 0.88% |
| 26 | MRK | Merck & Co Inc Common | 0.85% |
| 27 | KO | The Coca-Cola Company | 0.84% |
| 28 | CAT | Caterpillar Inc Common | 0.83% |
| 29 | KLAC | Kla Corp Common Stock USD | 0.82% |
| 30 | BAC | Bank of America Corp | 0.80% |

Source: etf.net, https://etf.net/etf/PHEQ. Please cite the page URL.