PHEQ vs NCLO
Comparison between PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF) and NUVEEN AA-BBB CLO ETF (NCLO, ETF).
PHEQ vs NCLO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHEQ
$140M
Winner
NCLO
$140M
Expense Ratio
PHEQ
0.29%
Winner
NCLO
0.26%
Max Drawdown
PHEQ
12.74%
Winner
NCLO
3.71%
Sharpe Ratio
Winner
PHEQ
1.38
NCLO
0.51
5Y Beta
PHEQ
0.53
Winner
NCLO
0.05
P/E Ratio
PHEQ
30.93
NCLO
N/A
Forward P/E
PHEQ
21.51
NCLO
N/A
5Y EPS CAGR
PHEQ
25.91%
NCLO
N/A
Debt to Equity
PHEQ
39.86%
NCLO
N/A
P/S Ratio
PHEQ
3.74
NCLO
N/A
P/B Ratio
PHEQ
5.76
NCLO
N/A
PHEQ vs NCLO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PHEQ
+0.65%
NCLO
+0.59%
3M
Winner
PHEQ
+3.66%
NCLO
+1.73%
6M
Winner
PHEQ
+6.35%
NCLO
+2.58%
1Y
Winner
PHEQ
+12.56%
NCLO
+5.90%
Max(CAGR)
Winner
PHEQ
+14.86%
NCLO
+5.82%
PHEQ vs NCLO - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | PHEQ | NCLO |
|---|---|---|
| 2026 | +5.99% | +2.87% |
| 2025 | +11.81% | +6.24% |
| 2024 | +15.16% | +0.35% |
| 2023 | +7.19% | N/A |
PHEQ vs NCLO Drawdown Comparison
The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for NCLO was -3.05%, occurring on Mar 4, 2026. Recovery took 42 trading sessions.
The current PHEQ drawdown is -0.26%. The current NCLO drawdown is -0.56%.
| Rank | PHEQ | NCLO |
|---|---|---|
| #1 | -12.55% Feb 19, 2025 - Jun 26, 2025 | -3.05% Feb 3, 2026 - Apr 6, 2026 |
| #2 | -4.26% Jan 12, 2026 - Apr 13, 2026 | -1.43% Mar 31, 2025 - Apr 24, 2025 |
| #3 | -4.11% Jul 10, 2024 - Aug 19, 2024 | -1.03% Jun 25, 2026 - Jun 26, 2026 |
| #4 | -2.60% Oct 19, 2023 - Nov 2, 2023 | -0.64% Apr 25, 2025 - May 2, 2025 |
| #5 | -2.14% Nov 11, 2025 - Nov 28, 2025 | -0.56% May 19, 2025 - Jun 6, 2025 |
| #6 | -1.74% Mar 28, 2024 - May 6, 2024 | -0.52% May 28, 2026 - Jun 25, 2026 |
| #7 | -1.70% Aug 29, 2024 - Sep 12, 2024 | -0.48% May 1, 2026 - May 6, 2026 |
| #8 | -1.70% Dec 26, 2024 - Jan 17, 2025 | -0.47% May 2, 2025 - May 8, 2025 |
| #9 | -1.41% Oct 8, 2025 - Oct 20, 2025 | -0.37% Apr 6, 2026 - Apr 22, 2026 |
| #10 | -1.37% Dec 6, 2024 - Dec 24, 2024 | -0.36% Jun 6, 2025 - Jun 24, 2025 |
| #11 | -1.30% Jul 28, 2025 - Aug 12, 2025 | -0.35% Mar 7, 2025 - Mar 31, 2025 |
| #12 | -1.25% Jun 4, 2026 - Jun 29, 2026 | -0.28% Oct 8, 2025 - Oct 13, 2025 |
| #13 | -1.02% Nov 11, 2024 - Nov 22, 2024 | -0.26% Oct 13, 2025 - Oct 20, 2025 |
| #14 | -0.95% Oct 29, 2024 - Nov 6, 2024 | -0.25% Oct 20, 2025 - Oct 30, 2025 |
| #15 | -0.92% Dec 28, 2023 - Jan 9, 2024 | -0.25% May 8, 2025 - May 12, 2025 |
Correlation
Correlation between PHEQ and NCLO is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2023 - 2026)
PHEQ vs NCLO dividend yield comparison.
| Year | PHEQ | NCLO |
|---|---|---|
| 2026 | 0.22% | 2.67% |
| 2025 | 1.19% | 6.09% |
| 2024 | 1.39% | 0.35% |
| 2023 | 1.73% | 0.00% |
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