CVSE vs. FAS ETF Comparison

Comparison of Calvert US Select Equity ETF (CVSE) to Direxion Financial Bull 3X Shares (FAS)

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.07

Average Daily Volume

948

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

FAS

Direxion Financial Bull 3X Shares

FAS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000Â® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000Â® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000Â® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$175.39

Average Daily Volume

585,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVSE	FAS
30 Days	1.16%	17.59%
60 Days	3.51%	29.98%
90 Days	4.82%	38.50%
12 Months	29.91%	152.23%

25 Overlapping Holdings

Symbol	Grade	Weight in CVSE	Weight in FAS	Overlap
AXP	A	0.88%	1.6%	0.88%
CFG	B	0.55%	0.21%	0.21%
COF	C	0.47%	0.69%	0.47%
DFS	B	0.55%	0.43%	0.43%
FIS	C	0.16%	0.48%	0.16%
FITB	B	0.35%	0.32%	0.32%
HBAN	A	0.28%	0.25%	0.25%
HIG	B	0.21%	0.34%	0.21%
ICE	C	1.0%	0.89%	0.89%
KEY	B	0.06%	0.18%	0.06%
MA	B	1.54%	4.24%	1.54%
MET	A	1.14%	0.48%	0.48%
MSCI	C	0.1%	0.47%	0.1%
NDAQ	A	0.4%	0.32%	0.32%
PGR	A	1.06%	1.49%	1.06%
PRU	A	0.76%	0.44%	0.44%
PYPL	B	0.32%	0.87%	0.32%
RF	A	0.19%	0.24%	0.19%
SCHW	B	0.62%	1.18%	0.62%
SPGI	C	2.01%	1.62%	1.62%
STT	B	0.4%	0.28%	0.28%
TFC	A	0.7%	0.61%	0.61%
TROW	B	0.19%	0.26%	0.19%
TRV	B	0.72%	0.58%	0.58%
V	A	1.44%	5.09%	1.44%

CVSE Overweight 153 Positions Relative to FAS

Symbol	Grade	Weight
NVDA	B	7.98%
MSFT	D	7.68%
AAPL	C	6.81%
LLY	F	2.63%
ACN	B	1.81%
MRK	D	1.73%
PH	A	1.66%
NFLX	A	1.55%
ETN	A	1.42%
HD	B	1.33%
DIS	B	1.24%
VRSK	A	1.21%
CMI	A	1.11%
NOW	A	1.11%
CRM	B	1.09%
GM	C	1.04%
CAT	B	0.94%
GIS	D	0.91%
VZ	C	0.9%
ADP	A	0.84%
TT	A	0.84%
BSX	A	0.82%
CSCO	B	0.75%
LOW	C	0.75%
AMGN	F	0.73%
INTU	B	0.7%
ECL	D	0.69%
AMAT	F	0.69%
CBRE	B	0.69%
URI	C	0.68%
AWK	C	0.67%
ADBE	C	0.67%
OMC	C	0.65%
LIN	C	0.64%
ES	C	0.64%
PLD	F	0.63%
AMT	C	0.63%
SHW	B	0.61%
NUE	C	0.61%
ITW	B	0.58%
TGT	F	0.56%
HPE	B	0.55%
AMD	F	0.52%
DE	B	0.52%
ED	C	0.49%
TXN	C	0.48%
EMR	B	0.47%
HUM	C	0.45%
JLL	D	0.43%
CDNS	B	0.43%
BMY	B	0.41%
BALL	F	0.4%
SJM	D	0.4%
RMD	C	0.38%
TJX	A	0.37%
LULU	C	0.36%
ADSK	A	0.36%
STE	D	0.36%
EBAY	D	0.36%
MU	D	0.35%
DHR	F	0.35%
MKC	C	0.34%
GILD	C	0.34%
DRI	B	0.31%
ROK	C	0.31%
A	D	0.31%
HUBS	A	0.31%
QCOM	F	0.3%
CLX	A	0.3%
IDXX	F	0.3%
MORN	B	0.3%
ULTA	F	0.29%
EW	C	0.29%
HOLX	D	0.28%
WDAY	B	0.28%
TSCO	D	0.28%
MOS	F	0.28%
PFE	F	0.27%
HPQ	B	0.27%
PNR	A	0.26%
IPG	D	0.26%
INTC	C	0.26%
HAS	D	0.26%
ALNY	D	0.25%
NKE	F	0.25%
BBY	D	0.24%
PRI	B	0.24%
MTN	C	0.23%
DAR	C	0.23%
EL	F	0.22%
MSA	F	0.22%
SNPS	B	0.22%
EXPD	C	0.22%
BFAM	D	0.21%
MSI	B	0.21%
VRTX	D	0.2%
TPR	B	0.2%
WSM	C	0.2%
DECK	A	0.2%
DELL	B	0.19%
KLAC	F	0.19%
FMC	D	0.18%
EQR	C	0.18%
WAT	C	0.18%
CTAS	B	0.18%
SCI	B	0.18%
KNX	C	0.18%
DVA	C	0.17%
FCN	F	0.16%
EXR	C	0.15%
MTG	C	0.15%
LRCX	F	0.15%
PANW	B	0.15%
AKAM	D	0.14%
XYL	D	0.14%
VTR	B	0.14%
CNM	D	0.14%
TWLO	A	0.12%
NEE	C	0.11%
GAP	C	0.11%
G	B	0.11%
EXAS	D	0.1%
SNOW	B	0.1%
BXP	C	0.1%
REGN	F	0.1%
EA	A	0.1%
CHD	A	0.1%
RL	C	0.09%
PLNT	A	0.09%
GPC	D	0.09%
IQV	F	0.09%
TTEK	F	0.09%
SWK	D	0.09%
VRSN	C	0.08%
MAN	F	0.08%
PODD	C	0.08%
CSGP	D	0.08%
PCTY	C	0.08%
BRX	A	0.06%
DKS	D	0.06%
RKT	F	0.06%
FICO	B	0.05%
HST	C	0.05%
LITE	B	0.05%
VLTO	C	0.05%
ON	D	0.05%
CIEN	C	0.05%
FSLR	F	0.04%
RHI	C	0.04%
ETSY	D	0.03%
CPRT	B	0.03%
HXL	F	0.03%
MRNA	F	0.02%

CVSE Underweight 47 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.47%
JPM	A	-6.8%
BAC	A	-3.06%
WFC	A	-2.45%
GS	A	-1.84%
MS	A	-1.63%
BLK	B	-1.44%
C	A	-1.29%
BX	A	-1.29%
FI	A	-1.2%
MMC	B	-1.08%
CB	C	-1.07%
KKR	A	-1.0%
PNC	B	-0.82%
AON	A	-0.81%
CME	B	-0.8%
USB	A	-0.78%
MCO	B	-0.75%
AJG	A	-0.64%
BK	A	-0.57%
AMP	A	-0.55%
AFL	B	-0.55%
ALL	A	-0.51%
AIG	B	-0.48%
ACGL	C	-0.37%
MTB	A	-0.35%
WTW	B	-0.32%
GPN	B	-0.29%
RJF	A	-0.29%
BRO	B	-0.26%
SYF	B	-0.25%
CPAY	A	-0.25%
CINF	A	-0.23%
CBOE	C	-0.21%
NTRS	A	-0.21%
FDS	B	-0.19%
WRB	A	-0.18%
PFG	D	-0.18%
EG	C	-0.16%
L	A	-0.15%
JKHY	D	-0.12%
AIZ	A	-0.11%
GL	C	-0.1%
MKTX	D	-0.1%
ERIE	D	-0.1%
IVZ	B	-0.08%
BEN	C	-0.07%