FAS vs. FAZ ETF Comparison

Comparison of Direxion Financial Bull 3X Shares (FAS) to Direxion Financial Bear 3X Shares (FAZ)

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 1000® 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 1000® 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 1000® 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

$132.45

Average Daily Volume

652,857

Number of Holdings ^*

72

* may have additional holdings in another (foreign) market

FAZ

Direxion Financial Bear 3X Shares

FAZ Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® 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

$7.73

Average Daily Volume

6,376,698

Number of Holdings ^*

97

* may have additional holdings in another (foreign) market

Performance

Period	FAS	FAZ
30 Days	1.13%	-1.63%
60 Days	36.38%	-27.76%
90 Days	28.16%	-24.49%
12 Months	138.34%	-60.91%

58 Overlapping Holdings

	Symbol	Grade	Weight in FAS	Weight in FAZ	Overlap
	ACGL	A	0.44%	0.28%	0.28%
	AFL	A	0.58%	0.62%	0.58%
	AIG	C	0.49%	0.74%	0.49%
	AJG	C	0.64%	0.28%	0.28%
	ALL	A	0.52%	0.61%	0.52%
	AMP	A	0.48%	0.35%	0.35%
	AON	A	0.79%	0.79%	0.79%
	AXP	A	1.57%	1.41%	1.41%
	BAC	B	2.79%	4.53%	2.79%
	BK	A	0.55%	0.61%	0.55%
	BLK	A	1.38%	1.01%	1.01%
	BRK.A	B	8.7%	7.22%	7.22%
	C	B	1.23%	2.84%	1.23%
	CB	A	1.14%	1.11%	1.11%
	CFG	C	0.19%	0.28%	0.19%
	CINF	A	0.22%	0.26%	0.22%
	CME	A	0.82%	1.18%	0.82%
	COF	A	0.59%	0.78%	0.59%
	DFS	A	0.36%	0.42%	0.36%
	FIS	A	0.47%	1.44%	0.47%
	FITB	C	0.3%	0.33%	0.3%
	GPN	F	0.26%	0.95%	0.26%
	GS	B	1.64%	1.27%	1.27%
	HBAN	B	0.22%	0.24%	0.22%
	HIG	A	0.36%	0.35%	0.35%
	ICE	A	0.95%	0.85%	0.85%
	JKHY	A	0.13%	0.18%	0.13%
	JPM	C	6.24%	6.91%	6.24%
	KEY	B	0.16%	0.31%	0.16%
	L	C	0.15%	0.22%	0.15%
	MA	A	4.24%	4.6%	4.24%
	MCO	D	0.78%	0.68%	0.68%
	MET	A	0.5%	0.66%	0.5%
	MKTX	B	0.1%	0.22%	0.1%
	MMC	D	1.15%	0.93%	0.93%
	MS	A	1.36%	1.07%	1.07%
	MSCI	B	0.47%	0.37%	0.37%
	MTB	A	0.31%	0.34%	0.31%
	NDAQ	C	0.31%	0.2%	0.2%
	NTRS	B	0.19%	0.34%	0.19%
	PFG	A	0.19%	0.25%	0.19%
	PGR	B	1.54%	0.71%	0.71%
	PNC	C	0.76%	1.08%	0.76%
	PRU	B	0.45%	0.63%	0.45%
	PYPL	A	0.86%	2.19%	0.86%
	RF	B	0.22%	0.25%	0.22%
	RJF	B	0.24%	0.19%	0.19%
	SCHW	D	1.0%	0.89%	0.89%
	SPGI	C	1.71%	1.17%	1.17%
	STT	A	0.27%	0.48%	0.27%
	SYF	A	0.2%	0.37%	0.2%
	TFC	D	0.59%	1.21%	0.59%
	TROW	D	0.25%	0.48%	0.25%
	TRV	B	0.56%	0.58%	0.56%
	USB	C	0.74%	1.27%	0.74%
	V	B	4.74%	5.62%	4.74%
	WFC	B	2.01%	3.0%	2.01%
	WTW	C	0.31%	0.42%	0.31%

FAS Overweight 14 Positions Relative to FAZ

	Symbol	Grade	Weight
	BX	C	1.16%
	FI	A	1.07%
	KKR	A	0.93%
	BRO	A	0.25%
	CPAY	A	0.22%
	CBOE	B	0.22%
	EG	A	0.18%
	WRB	C	0.18%
	FDS	C	0.18%
	ERIE	A	0.14%
	AIZ	B	0.11%
	GL	C	0.1%
	IVZ	A	0.08%
	BEN	F	0.07%

FAS Underweight 39 Positions Relative to FAZ

	Symbol	Grade	Weight
	AMT	D	-1.64%
	CCI	D	-0.96%
	PLD	D	-0.95%
	EQIX	C	-0.8%
	SPG	A	-0.73%
	WELL	C	-0.56%
	PSA	C	-0.52%
	AVB	C	-0.48%
	EQR	C	-0.48%
	SBAC	C	-0.45%
	DLR	C	-0.41%
	O	C	-0.4%
	SQ	D	-0.38%
	WY	C	-0.37%
	VTR	C	-0.35%
	BXP	B	-0.34%
	ESS	D	-0.33%
	CBRE	C	-0.33%
	ARE	D	-0.3%
	EFX	D	-0.3%
	TRU	C	-0.28%
	INVH	D	-0.26%
	MKL	B	-0.26%
	BR	B	-0.24%
	MAA	D	-0.24%
	SUI	D	-0.23%
	WPC	C	-0.23%
	UDR	C	-0.22%
	NLY	C	-0.22%
	EXR	D	-0.22%
	ELS	D	-0.2%
	FNF	C	-0.2%
	HST	D	-0.2%
	ALLY	F	-0.19%
	FICO	C	-0.19%
	WU	D	-0.19%
	VNO	B	-0.19%
	LNC	B	-0.19%
	MPW	C	-0.18%

FAS: Top Represented Industries & Keywords

Industries: Asset Management Banks - Regional - US Capital Markets Credit Services Insurance - Property & Casualty Insurance Brokers Business Services Insurance - Diversified Insurance - Life Banks - Global Financial Data & Stock Exchanges Insurance - Reinsurance

Keywords: S&P 500 Insurance Bank Banking Insurance Products Investment Bank Cash Management Disability Casualty Insurance Financial Products Investment Management Risk Management Commercial Banking Life Insurance Hedge Funds Investment Product Payment Systems Risk Management Services Advisory Services Asset Management Services

FAZ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Capital Markets Credit Services REIT - Residential Insurance - Property & Casualty Asset Management Business Services Insurance - Life Banks - Global Insurance - Diversified Insurance Brokers REIT - Diversified REIT - Office Financial Data & Stock Exchanges REIT - Healthcare Facilities REIT - Industrial REIT - Retail Telecom Services Insurance - Specialty Lumber & Wood Production

Keywords: S&P 500 Insurance Bank Real Estate Investment Trust Banking Investment Bank Insurance Products Cash Management Financial Products Disability Investment Management Commercial Banking Payment Systems Real Estate Market Casualty Insurance Risk Management Investment Product Life Insurance Advisory Services Asset Management Services