CGUS vs PHEQ
Capital Group Core Equity ETF vs Parametric Hedged Equity ETF
Which is better, CGUS or PHEQ?
CGUS has been ahead.
PHEQ has a lower expense ratio. CGUS led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. PHEQ is less concentrated, with 40.8% of the fund in its ten largest positions against 43.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGUS | PHEQ |
|---|---|---|
| Expense Ratio | 0.33% | 0.29%Best |
| AUM | $12.3B | $152M |
| Dividend Yield | 0.83% | 0.82% |
| Holdings | 75 | 374 |
| YTD Return | +11.95%Best | +9.39% |
| 1Y Return | +15.39%Best | +12.67% |
| 3Y Return (annualized) | +21.76%Best | +14.84% |
| Volatility (annualized) | 12.1% | 6.7%Best |
| Max Drawdown | -18.1% | -12.6%Best |
| $10,000 over 3 years | $18,437Best | $15,145 |
| Top 10 Weight | 43.8% | 40.8%Best |
| Fund Family | Capital Group (US) | Parametric |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 22, 2022 | Oct 16, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
CGUS vs PHEQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
CGUS vs PHEQ Performance
Capital Group Core Equity ETF (CGUS) is an ETF from Capital Group (US) and Parametric Hedged Equity ETF (PHEQ) is an ETF from Parametric. Over the past year CGUS returned +15.39% while PHEQ returned +12.67%. Year to date, CGUS is up 11.95% versus a gain of 9.39% for PHEQ.
Over three years, CGUS compounded at +21.76% per year against +14.84% for PHEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGUS has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 6.7% 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 -18.1% for CGUS and -12.6% for PHEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CGUS charges 0.33% per year while PHEQ charges 0.29%. On a $10,000 position that is $33 vs $29 annually, a gap of $4 per year that compounds over a long holding period. On income, CGUS currently yields 0.83% against 0.82% for PHEQ.
Holdings Overlap
60.9% of CGUS's money is in holdings PHEQ also owns. 54.6% of PHEQ's money is in holdings CGUS also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 68 positions we hold weights for in CGUS and 174 in PHEQ, against full books of 75 and 374.
What only one of them owns
Our book lists 136 positions for PHEQ that do not appear in our book for CGUS (47.1% of the fund), and 30 for CGUS that do not appear in PHEQ (28.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CGUS | Weight in PHEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.90% | 8.63% | 0.73% |
| MSFTMicrosoft Corp | 7.05% | 5.98% | 1.07% |
| AAPLApple, Inc | 2.53% | 7.52% | 4.99% |
| AMZNAmazon.Com Inc | 4.75% | 3.93% | 0.82% |
| AVGOBroadcom Inc | 5.26% | 2.68% | 2.58% |
| METAMeta Platforms Inc | 4.55% | 2.40% | 2.15% |
| GOOGLAlphabet Inc | 3.14% | 3.20% | 0.06% |
| LLYEli Lilly & Co. | 3.68% | 1.71% | 1.97% |
| GOOGAlphabet Inc. C | 1.89% | 2.69% | 0.80% |
| JPMJpmorgan Chase | 1.74% | 1.68% | 0.06% |
60.9% of CGUS is already inside PHEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGUS or PHEQ?
CGUS has an expense ratio of 0.33% while PHEQ charges 0.29%. PHEQ is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, CGUS or PHEQ?
Over the past year CGUS returned +15.39% vs +12.67% for PHEQ, so CGUS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGUS or PHEQ?
CGUS has been the more volatile fund at 12.1% annualized versus 6.7% for PHEQ. Worst drawdown: CGUS -18.1% vs PHEQ -12.6%.
Should I hold both CGUS and PHEQ?
CGUS and PHEQ have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CGUS and PHEQ?
60.9% of CGUS's money is in holdings PHEQ also owns. 54.6% of PHEQ's is in holdings CGUS also owns. They hold 29 positions in common, counted across the 68 positions we hold weights for in CGUS and 174 in PHEQ.
Which pays a higher dividend, CGUS or PHEQ?
CGUS yields 0.83% while PHEQ yields 0.82%, so CGUS currently pays the higher dividend yield.
Is PHEQ better than CGUS?
PHEQ has a lower expense ratio. CGUS led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. PHEQ is less concentrated, with 40.8% of the fund in its ten largest positions against 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.