PHEQ vs VTI
PHEQ vs VTI
Parametric Hedged Equity ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | PHEQ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $137M | $663.5B | |
| Dividend Yield | 0.94% | 1.07% | |
| Holdings | 186 | 3,543 | |
| YTD Return | +7.48% | +14.20% | |
| 1Y Return | +13.73% | +24.16% | |
| 3Y Return (annualized) | - | +21.12% | |
| 5Y Return (annualized) | - | +12.37% | |
| Volatility (annualized) | 6.8% | 15.3% | |
| Max Drawdown | -12.6% | -56.6% | |
| Fund Family | Parametric | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 16, 2023 | May 24, 2001 |
PHEQ vs VTI Performance
Parametric Hedged Equity ETF (PHEQ) is a ETF from Parametric and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PHEQ returned +13.73% while VTI returned +24.16%. Year to date, PHEQ is up 7.48% versus a gain of 14.20% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.8% for PHEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.6% for PHEQ and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PHEQ charges 0.29% per year while VTI charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, PHEQ currently yields 0.94% against 1.07% for VTI.
Holdings Overlap
PHEQ and VTI share 152 holdings out of 2804 unique holdings combined, representing a 59.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in PHEQ | Weight in VTI | Difference |
|---|---|---|---|
| NVDA | 8.66% | 6.32% | 2.34% |
| AAPL | 7.30% | 5.84% | 1.46% |
| MSFT | 5.09% | 3.81% | 1.28% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings PHEQ shares with VTI Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PHEQ or VTI?
PHEQ has an expense ratio of 0.29% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, PHEQ or VTI?
Over the past year PHEQ returned +13.73% vs +24.16% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), PHEQ annualized +15.18% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, PHEQ or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 6.8% for PHEQ. Worst drawdown: PHEQ -12.6% vs VTI -56.6%.
Should I hold both PHEQ and VTI?
PHEQ and VTI have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PHEQ and VTI?
PHEQ and VTI share 152 common holdings with a 59.0% weight overlap. Combined, they hold 2804 unique securities.
Which pays a higher dividend, PHEQ or VTI?
PHEQ yields 0.94% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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