Compare · 2 funds side by side · dividends reinvested

PHEQ and BALT

PHEQEaton Vance×BALTInnovator×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$13,514BALT · best of the two

02 / 04

PHEQ and BALT, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Parametric Hedged Equity ETFDefined Outcome · Hedged equity0.29%0.82%+8.8%+9.7%+15.4%[…]−4.3%6.1%$149M1.3

Innovator Defined Wealth Shield ETFDefined Outcome · Hedged equity0.69%0.00%+4.3%+5.9%+8.1%+6.2%−1.2%2.3%$3.2B1.6

Rank among the two1st → 2ndFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 3, 2026 · returns include dividends · since: PHEQ 2023 · BALT 2021

Head to Head

Swap sides Versus in desk

Head to Head

Parametric Hedged Equity ETF · $149M[…]

PHEQ

BALT

Innovator Defined Wealth Shield ETF · $3.2B$13,514

$10,000 five years ago, dividends reinvested

PHEQMeasureBALT

+8.8%Year to dateJan 1 → Nov 3+4.3%

+9.7%1 yearTotal return+5.9%

+15.4%3 years · per year$10,000 became $15,388 · $12,621+8.1%

[…]5 years · per year$10,000 became […] · $13,514+6.2%

0.29%Expense ratio$29 · $69 a year on $10k · lower is better0.69%

0.82%Trailing 12-mo yield$82 · $0 a year on $10k0.00%

−4.3%Worst dropSmaller is better−1.2%

6.1%VolatilityLower is calmer2.3%

PHEQBALT Winner of the row, in its colourEach row: the bigger of the two fills its side

5–2PHEQ wins

End-of-day Nov 3, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

PHEQ vs BALT: Top 5 Holdings

Today

PHEQ

27.7%in top 5

BALT

in top 5[…]

PHEQStockBALT

7.7%AAPLnot top 5

7.5%NVDAnot top 5

5.9%MSFTnot top 5

3.9%AMZNnot top 5

2.6%GOOGLnot top 5

Held in common[…]

End-of-day Nov 3, 2026 · share of each fund

PHEQ vs BALT Returns, Every Period

Eaton VancePHEQ

+9.7%

past year

BALTInnovator

+5.9%

past year

PHEQBALTFaded: behind in that period

3–0PHEQ wins

End-of-day Nov 3, 2026 · dividends in · faded = behind in that period

PHEQ vs BALT

YTD

Eaton VancePHEQ

+8.8%

BALTInnovator

+4.3%

+8.8%Year to date+4.3%

−4.3%Worst drop · 1Y−1.2%

6.1%Volatility · 1Y2.3%

0.8%Yield0.0%

$149MAssets$3.2B

2–2level

End-of-day Nov 3, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: PHEQ, BALT

Today

0.29%lowest, PHEQ

FundExpense ratioFee$10k

PHEQ0.29%$29

BALT0.69%$69

End-of-day Nov 3, 2026 · fee on $10,000 a year

Yields: PHEQ, BALT

0.82%highest, PHEQ

FundTrailing yieldYield$10k

PHEQ0.82%$82

BALT0.00%$0

End-of-day Nov 3, 2026 · trailing 12-month yield

Income After Fees on $10,000

$53most kept, PHEQ

PHEQ$82 − $29 = $53

BALT$0 − $69 = −$69

KeptFee

End-of-day Nov 3, 2026 · yield in dollars minus the fee

Overlap: PHEQ, BALT

Today

[…]holdings […]

PHEQBALT

PHEQ—[…]

BALT[…]—

End-of-day Nov 3, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

+9.7%PHEQ, at 6.1% volatility

BALTWorst drop−1.2%2.3% vol

PHEQWorst drop−4.3%6.1% vol

End-of-day Nov 3, 2026 · up and left is better

Paid More vs Made More

YTD

PHEQBALT

+8.8%Year to date+4.3%

0.8%Yield0.0%

+9.7%Past year+5.9%

0.29%Fee0.69%

4–0PHEQ wins

End-of-day Nov 3, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+32.8%

VIGVanguard

+14.0%

+32.8%Year to date+14.0%

3.0%Yield1.5%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 3, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+7.5%

JEPIJ.P. Morgan

+7.0%

+7.5%Year to date+7.0%

12.3%Yield8.0%

$41.8BAssets$46.0B

2–0JEPQ wins

End-of-day Nov 3, 2026

SPYM vs SPY

YTD

SPDRSPYM

+11.5%

SPYSPDR

+11.5%

+11.5%Year to date+11.5%

1.0%Yield1.0%

$185BAssets$798B

0–0level

End-of-day Nov 3, 2026