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MSLC vs PHEQ
Morgan Stanley Pathway Large Cap Equity ETF vs Parametric Hedged Equity ETF
Key differences
MSLC is an equity ETF, while PHEQ is an alternative ETF. MSLC charges 0.39% a year and PHEQ 0.29%.
- MSLC is an equity fund, while PHEQ is an alternative fund. They carry different risk/return profiles.
- MSLC follows a index tracking strategy; PHEQ uses option income.
- MSLC covers global markets; PHEQ covers North America.
- PHEQ costs 0.10% less per year.
- MSLC is much larger than PHEQ. Larger funds are usually more liquid and less likely to close.
- MSLC has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| MSLC | PHEQ | |
|---|---|---|
| Annual cost (TER) | 0.39% | 0.29% |
| Fund size (AUM) | $4.0B | $138M |
| Since | 1991 | 2023 |
| Dividend yield | 0.80% | 1.03% |
| Asset class | equity | alternative |
| Region | global | north america |
| Strategy | index tracking | option income |
| CAGR 1Y | +20.5% | +15.5% |
| CAGR 3Y | N/A | N/A |
| CAGR 5Y | N/A | N/A |
| Sharpe 3Y | N/A | N/A |
| Volatility 1Y | 12.04% | 6.19% |
| Max drawdown | -17.86% | -12.55% |
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