{"url":"https://etfiq.com/compare/alternatives/pheq-vs-qber","section":"compare","title":"PHEQ vs QBER: Correlation to the S&P 500 | ETFIQ","description":"PHEQ and QBER both run hedged equity strategies. Over the year to Nov 4, 2026, PHEQ had a correlation of +0.94 with the S&P 500 and QBER \u22120.71.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, PHEQ or QBER?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, PHEQ\u2019s weekly returns had a correlation of +0.94 with the S&P 500 and QBER\u2019s \u22120.71, so QBER moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, PHEQ or QBER?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, PHEQ averaged \u22120.34% and QBER +0.17%, so QBER returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, PHEQ or QBER?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, PHEQ finished 7.2 percentage points ahead of cash and QBER finished 3.8 percentage points behind cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, PHEQ or QBER?","acceptedAnswer":{"@type":"Answer","text":"PHEQ charges 0.29% a year and QBER charges 0.79%, so PHEQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"PHEQ vs QBER","item":"https://etfiq.com/compare/alternatives/pheq-vs-qber"}]},{"@type":"WebPage","name":"PHEQ vs QBER: Correlation to the S&P 500","description":"PHEQ and QBER both run hedged equity strategies. Over the year to Nov 4, 2026, PHEQ had a correlation of +0.94 with the S&P 500 and QBER \u22120.71.","url":"https://etfiq.com/compare/alternatives/pheq-vs-qber","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, QBER moved less with the S&P 500 than PHEQ: correlation \u22120.71 against +0.94.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PHEQ and QBER","description":"PHEQ and QBER both run hedged equity strategies. Over the year to Nov 4, 2026, PHEQ had a correlation of +0.94 with the S&P 500 and QBER \u22120.71.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/pheq-vs-qber","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6941,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / PHEQ vs QBER \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n PHEQ vs QBER: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, QBER moved less with the S&P 500 than PHEQ: correlation \u22120.71 against +0.94.\n Copy this for sharing \n \n PHEQ costs 0.50 points a year less; their one-year returns differ by 11.2 points.\n PHEQ and QBER at a glance. As of Nov 4, 2026. Source: ETFIQ. PHEQ QBER \n Expense ratio 0.29% 0.79% \n Net assets, PHEQ as of Jun 30, 2026 and QBER as of Jul 31, 2026 $140m $73m \n Total return, 1 year +11.2% 0.0% \n ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, PHEQ against QBER, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/pheq-vs-qber","a":{"ticker":"PHEQ","name":"Parametric Hedged Equity ETF","issuer":"Parametric","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, PHEQ returned 11.2%, against 14.8% for VOO.","url":"https://etfiq.com/funds/pheq","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.94","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.40","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"31.6%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+7.2 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.9%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 21, 2026","value":"$0.0486","as_of":"2026-09-21","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$140m","as_of":"2026-06-30","source":"SEC N-PORT, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"0.29%","as_of":"2026-01-28","source":"485BPOS XBRL, Jan 28, 2026"}]},"b":{"ticker":"QBER","name":"TrueShares Quarterly Bear Hedge ETF","issuer":"TrueShares","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, QBER returned 0.0%. When the S&P 500 fell, it rose 0.17% a week.","url":"https://etfiq.com/funds/qber","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.71","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"\u22120.12","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u221215.4%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u22123.8 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"3.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 24, 2025","value":"$0.782","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$73m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-02-27","source":"485BPOS XBRL, Feb 27, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/pheq-vs-qber"}