PHEQ vs FAB
Comparison between PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF) and FIRST TRUST MULTI CAP VALUE ALPHADEX FUND (FAB, ETF).
PHEQ vs FAB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHEQ
$138M
Winner
FAB
$138M
Expense Ratio
Winner
PHEQ
0.29%
FAB
0.66%
Max Drawdown
Winner
PHEQ
12.74%
FAB
64.25%
Sharpe Ratio
Winner
PHEQ
1.67
FAB
1.60
5Y Beta
Winner
PHEQ
0.53
FAB
0.79
P/E Ratio
PHEQ
28.16
Winner
FAB
13.99
Forward P/E
PHEQ
21.52
Winner
FAB
11.97
5Y Dividends CAGR
PHEQ
N/A
FAB
10.99%
5Y EPS CAGR
Winner
PHEQ
24.91%
FAB
9.86%
Debt to Equity
PHEQ
43.74%
Winner
FAB
40.97%
P/S Ratio
PHEQ
3.37
Winner
FAB
1.03
P/B Ratio
PHEQ
5.39
Winner
FAB
1.59
PHEQ vs FAB - Holdings Comparison
PHEQ and FAB have 58 common holdings. Overlap is 9.88%
PHEQ's top 25 holdings weight is 53.61%. FAB's top 25 holdings weight is 12.32%.
| Rank | PHEQ | FAB |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.31% | SUPER MICRO COMPUTER INC (SMCI) - 0.95% |
| #2 | APPLE INC (AAPL) - 6.70% | HUMANA INC (HUM) - 0.64% |
| #3 | MICROSOFT CORP (MSFT) - 4.74% | HEWLETT PACKARD ENTERPRISE CO (HPE) - 0.59% |
| #4 | AMAZON.COM INC (AMZN) - 3.67% | ELEVANCE HEALTH INC (ELV) - 0.57% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.15% | NUCOR CORP (NUE) - 0.53% |
| #6 | ALPHABET INC CLASS C (GOOG) - 2.73% | DELTA AIR LINES INC (DAL) - 0.52% |
| #7 | BROADCOM INC (AVGO) - 2.61% | UNITED AIRLINES HOLDINGS INC (UAL) - 0.51% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.20% | T. ROWE PRICE GROUP INC (TROW) - 0.50% |
| #9 | TESLA INC (TSLA) - 1.78% | GENERAL MOTORS CO (GM) - 0.47% |
| #10 | EXXON MOBIL CORP (XOM) - 1.70% | GLOBAL PAYMENTS INC (GPN) - 0.47% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.64% | D.R. HORTON INC (DHI) - 0.46% |
| #12 | ELI LILLY AND CO (LLY) - 1.58% | SMURFIT WESTROCK PLC (SW) - 0.46% |
| #13 | JOHNSON & JOHNSON (JNJ) - 1.48% | SYNCHRONY FINANCIAL (SYF) - 0.45% |
| #14 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.36% | THE WALT DISNEY CO (DIS) - 0.45% |
| #15 | WALMART INC (WMT) - 1.27% | LENNAR CORP CLASS A (LEN) - 0.45% |
| #16 | VISA INC CLASS A (V) - 1.11% | FISERV INC (FISV) - 0.44% |
| #17 | COSTCO WHOLESALE CORP (COST) - 1.04% | ALLSTATE CORP (ALL) - 0.44% |
| #18 | CISCO SYSTEMS INC (CSCO) - 1.00% | THE CIGNA GROUP (CI) - 0.44% |
| #19 | PUT ON S&P 500 MAR27 (n/a) - 1.00% | STATE STREET CORP (STT) - 0.43% |
| #20 | CHEVRON CORP (CVX) - 0.99% | PULTEGROUP INC (PHM) - 0.43% |
| #21 | MASTERCARD INC CLASS A (MA) - 0.94% | ANNALY CAPITAL MANAGEMENT INC (NLY) - 0.43% |
| #22 | PUT ON S&P 500 DEC26 (n/a) - 0.92% | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 0.43% |
| #23 | ABBVIE INC (ABBV) - 0.91% | AMERICAN INTERNATIONAL GROUP INC (AIG) - 0.42% |
| #24 | NETFLIX INC (NFLX) - 0.90% | EDISON INTERNATIONAL (EIX) - 0.42% |
| #25 | MERCK & CO INC (MRK) - 0.88% | PAYPAL HOLDINGS INC (PYPL) - 0.42% |
| Total Holdings | 212 | 678 |
PHEQ vs FAB - Historical Returns
Returns include dividend reinvestment.
1M
PHEQ
+0.76%
Winner
FAB
+5.05%
3M
PHEQ
+6.89%
Winner
FAB
+9.41%
6M
PHEQ
+5.64%
Winner
FAB
+12.79%
1Y
PHEQ
+14.75%
Winner
FAB
+28.02%
5Y(CAGR)
PHEQ
N/A
FAB
+8.65%
10Y(CAGR)
PHEQ
N/A
FAB
+10.98%
Max(CAGR)
Winner
PHEQ
+15.08%
FAB
+8.25%
PHEQ vs FAB - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PHEQ | FAB |
|---|---|---|
| 2026 | +4.96% | +13.37% |
| 2025 | +11.81% | +10.19% |
| 2024 | +15.16% | +7.26% |
| 2023 | +7.19% | +15.87% |
| 2022 | N/A | -7.19% |
| 2021 | N/A | +33.07% |
| 2020 | N/A | +2.60% |
| 2019 | N/A | +22.41% |
| 2018 | N/A | -14.84% |
| 2017 | N/A | +13.64% |
| 2016 | N/A | +27.30% |
| 2015 | N/A | -12.03% |
| 2014 | N/A | +8.96% |
| 2013 | N/A | +34.20% |
| 2012 | N/A | +15.85% |
| 2011 | N/A | -0.66% |
| 2010 | N/A | +20.64% |
| 2009 | N/A | +48.36% |
| 2008 | N/A | -34.65% |
| 2007 | N/A | -14.50% |
PHEQ vs FAB Drawdown Comparison
The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for FAB was -63.30%, occurring on Mar 6, 2009. Recovery took 911 trading sessions.
The current PHEQ drawdown is -0.55%.
| Rank | PHEQ | FAB |
|---|---|---|
| #1 | -12.55% Feb 19, 2025 - Jun 26, 2025 | -63.30% Jun 4, 2007 - Jan 12, 2011 |
| #2 | -4.26% Jan 12, 2026 - Apr 13, 2026 | -47.08% Jan 16, 2020 - Nov 24, 2020 |
| #3 | -4.11% Jul 10, 2024 - Aug 19, 2024 | -26.51% Apr 15, 2015 - Nov 14, 2016 |
| #4 | -2.60% Oct 19, 2023 - Nov 2, 2023 | -24.24% May 10, 2011 - Feb 3, 2012 |
| #5 | -2.14% Nov 11, 2025 - Nov 28, 2025 | -22.91% Nov 25, 2024 - Nov 28, 2025 |
| #6 | -1.74% Mar 28, 2024 - May 6, 2024 | -21.27% Sep 21, 2018 - Dec 16, 2019 |
| #7 | -1.70% Aug 29, 2024 - Sep 12, 2024 | -20.63% Jan 14, 2022 - Jan 31, 2023 |
| #8 | -1.70% Dec 26, 2024 - Jan 17, 2025 | -16.47% Feb 2, 2023 - Dec 14, 2023 |
| #9 | -1.41% Oct 8, 2025 - Oct 20, 2025 | -14.42% Mar 26, 2012 - Sep 13, 2012 |
| #10 | -1.37% Dec 6, 2024 - Dec 24, 2024 | -10.94% Jul 3, 2014 - Dec 29, 2014 |
| #11 | -1.30% Jul 28, 2025 - Aug 12, 2025 | -10.04% Jan 26, 2018 - Sep 20, 2018 |
| #12 | -1.25% Jun 4, 2026 - Jun 10, 2026 | -8.92% Sep 14, 2012 - Dec 18, 2012 |
| #13 | -1.02% Nov 11, 2024 - Nov 22, 2024 | -7.76% Jun 8, 2021 - Oct 20, 2021 |
| #14 | -0.95% Oct 29, 2024 - Nov 6, 2024 | -7.35% Jul 31, 2024 - Oct 14, 2024 |
| #15 | -0.92% Dec 28, 2023 - Jan 9, 2024 | -7.00% Dec 29, 2014 - Feb 12, 2015 |
Correlation
Correlation between PHEQ and FAB is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2007 - 2026)
PHEQ vs FAB dividend yield comparison.
| Year | PHEQ | FAB |
|---|---|---|
| 2026 | 0.08% | 0.36% |
| 2025 | 1.19% | 1.57% |
| 2024 | 1.39% | 2.00% |
| 2023 | 1.73% | 1.94% |
| 2022 | 0.00% | 1.80% |
| 2021 | 0.00% | 1.32% |
| 2020 | 0.00% | 1.59% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 1.96% |
| 2017 | 0.00% | 1.42% |
| 2016 | 0.00% | 1.40% |
| 2015 | 0.00% | 1.62% |
| 2014 | 0.00% | 1.39% |
| 2013 | 0.00% | 1.05% |
| 2012 | 0.00% | 2.27% |
| 2011 | 0.00% | 1.16% |
| 2010 | 0.00% | 1.19% |
| 2009 | 0.00% | 1.37% |
| 2008 | 0.00% | 2.54% |
| 2007 | 0.00% | 0.54% |
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