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PHEQ vs MSLC
Parametric Hedged Equity ETF vs Morgan Stanley Pathway Large Cap Equity ETF
Key differences
PHEQ is an alternative ETF, while MSLC is an equity ETF. PHEQ charges 0.29% a year and MSLC 0.39%.
- PHEQ is an alternative fund, while MSLC is an equity fund. They carry different risk/return profiles.
- PHEQ follows a option income strategy; MSLC uses index tracking.
- PHEQ covers North America; MSLC covers global markets.
- 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
| PHEQ | MSLC | |
|---|---|---|
| Annual cost (TER) | 0.29% | 0.39% |
| Fund size (AUM) | $138M | $4.0B |
| Since | 2023 | 1991 |
| Dividend yield | 1.03% | 0.80% |
| Asset class | alternative | equity |
| Region | north america | global |
| Strategy | option income | index tracking |
| CAGR 1Y | +15.5% | +20.5% |
| CAGR 3Y | N/A | N/A |
| CAGR 5Y | N/A | N/A |
| Sharpe 3Y | N/A | N/A |
| Volatility 1Y | 6.19% | 12.04% |
| Max drawdown | -12.55% | -17.86% |
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