ALFA vs. LABD ETF Comparison

Comparison of AlphaClone Alternative Alpha ETF (ALFA) to Direxion Daily S&P Biotech Bear 3X Shares (LABD)
ALFA

AlphaClone Alternative Alpha ETF

ALFA Description

The investment seeks to track the price and yield, before fees and expenses, of the AlphaClone Hedge Fund Long/Short Index. The fund uses a "passive" or "indexing" investment approach to track the AlphaClone Hedge Fund Long/Short Index. The index is composed of U.S. equity securities selected based on a proprietary hedge fund position replication methodology developed by AlphaClone, LLC (the "Index Provider"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.45

Average Daily Volume

3,464

Number of Holdings *

35

* may have additional holdings in another (foreign) market
LABD

Direxion Daily S&P Biotech Bear 3X Shares

LABD Description The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.

Grade (RS Rating)

Last Trade

$24.47

Average Daily Volume

3,788,125

Number of Holdings *

97

* may have additional holdings in another (foreign) market
Performance
ALFA LABD
30 Days 4.62% 15.42%
60 Days -7.15% 96.23%
90 Days -1.48% 17.64%
12 Months 64.34% -88.25%
0 Overlapping Holdings
Grade Symbol Weight in ALFA Weight in LABD Overlap
ALFA Overweight 35 Positions Relative to LABD
Grade Symbol Weight
A FB 3.51%
A LRCX 3.27%
C EVR 3.26%
B COST 3.21%
B AMZN 3.1%
C PGNY 3.05%
C SQ 3.02%
C AAPL 2.97%
C NFLX 2.95%
C NARI 2.94%
C W 2.89%
D DIS 2.86%
C TRTN 2.85%
D GTLS 2.8%
B IPAR 2.8%
C PYPL 2.78%
D TSLA 2.78%
D PTON 2.76%
D PANW 2.74%
B HUBS 2.74%
D MELI 2.68%
D ILMN 2.67%
D NTNX 2.64%
C SHOP 2.63%
F SPOT 2.59%
D CRWD 2.58%
D ROKU 2.56%
D CVNA 2.55%
D TWLO 2.52%
C ETSY 2.48%
C FIVN 2.46%
D ONEM 2.44%
F RUN 2.4%
D ENPH 2.39%
D RNG 2.36%
ALFA Underweight 97 Positions Relative to LABD
Grade Symbol Weight
F NVTA -1.95%
B EXEL -1.91%
F BMRN -1.89%
F BLUE -1.87%
F GBT -1.87%
F VRTX -1.84%
D SAGE -1.8%
A UTHR -1.78%
D REGN -1.77%
B ALXN -1.76%
C AMGN -1.75%
D EXAS -1.73%
F ALNY -1.73%
B ABBV -1.72%
F ACAD -1.68%
F SRPT -1.66%
D BIIB -1.65%
C GILD -1.64%
F SGEN -1.64%
F IONS -1.64%
F NBIX -1.62%
D BPMC -1.61%
F ICPT -1.52%
F INCY -1.51%
F RARE -1.49%
F MRTX -1.48%
D MRNA -1.47%
D LGND -1.46%
D ARWR -1.45%
F BHVN -1.42%
F PTCT -1.4%
F FOLD -1.38%
B AGIO -1.37%
D APLS -1.24%
D ALKS -1.21%
D NTRA -1.08%
C MYGN -1.08%
F IOVA -1.07%
F RGNX -1.05%
F FGEN -1.05%
F DCPH -1.01%
F CHRS -0.99%
F EBS -0.96%
D CDNA -0.93%
F ARNA -0.88%
F HRTX -0.84%
F INSM -0.81%
F ESPR -0.79%
F KPTI -0.79%
D ALLK -0.76%
D IRWD -0.75%
D VCYT -0.72%
F TPTX -0.72%
D HALO -0.71%
C XLRN -0.68%
D FATE -0.67%
F EDIT -0.66%
F PBYI -0.65%
D CLVS -0.62%
D RDUS -0.61%
D MDGL -0.59%
F EPZM -0.55%
F ADVM -0.55%
D TGTX -0.55%
F ALLO -0.54%
F ANAB -0.53%
C CPRX -0.53%
F XNCR -0.49%
F SGMO -0.48%
D ENTA -0.47%
C GTHX -0.42%
F EGRX -0.42%
F ATRA -0.41%
F ATNX -0.4%
F FLXN -0.39%
F VKTX -0.38%
B ANIK -0.37%
F OPK -0.35%
D VNDA -0.35%
B VCEL -0.34%
D TVTX -0.33%
D PGEN -0.29%
C NTLA -0.29%
D BBIO -0.29%
D KOD -0.29%
D KRYS -0.28%
D DNLI -0.28%
D ZIOP -0.28%
D DRNA -0.27%
F GOSS -0.27%
F VYGR -0.26%
B CYTK -0.25%
D IMGN -0.25%
F ALEC -0.25%
C MGNX -0.25%
F YMAB -0.24%
B DVAX -0.24%
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