FAS vs. FDL ETF Comparison

Comparison of Direxion Financial Bull 3X Shares (FAS) to First Trust Morningstar ETF (FDL)

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

$103.26

Average Daily Volume

654,273

Number of Holdings ^*

69

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.91

Average Daily Volume

723,762

Number of Holdings ^*

91

* may have additional holdings in another (foreign) market

Performance

Period	FAS	FDL
30 Days	-3.94%	0.16%
60 Days	2.71%	2.75%
90 Days	13.26%	5.97%
12 Months	82.80%	15.45%

16 Overlapping Holdings

	Symbol	Grade	Weight in FAS	Weight in FDL	Overlap
	BEN	F	0.09%	0.22%	0.09%
	C	B	1.54%	3.33%	1.54%
	CFG	A	0.21%	0.6%	0.21%
	CMA	B	0.09%	0.29%	0.09%
	FITB	A	0.33%	0.71%	0.33%
	HBAN	A	0.26%	0.67%	0.26%
	KEY	C	0.18%	0.58%	0.18%
	MET	C	0.58%	1.0%	0.58%
	MTB	A	0.32%	0.69%	0.32%
	NTRS	C	0.22%	0.49%	0.22%
	PNC	B	0.81%	1.95%	0.81%
	PRU	B	0.53%	1.48%	0.53%
	RF	B	0.24%	0.7%	0.24%
	TFC	B	0.66%	2.18%	0.66%
	TROW	D	0.32%	0.79%	0.32%
	USB	D	0.84%	2.24%	0.84%

FAS Overweight 53 Positions Relative to FDL

	Symbol	Grade	Weight
	BRK.A	D	9.55%
	JPM	B	7.33%
	V	D	5.62%
	MA	D	4.92%
	BAC	A	3.37%
	WFC	B	2.82%
	GS	A	1.84%
	SPGI	C	1.77%
	AXP	B	1.77%
	PGR	A	1.61%
	MS	A	1.51%
	SCHW	A	1.46%
	BLK	D	1.4%
	CB	C	1.33%
	MMC	C	1.3%
	BX	D	1.11%
	CME	D	1.0%
	ICE	D	0.98%
	PYPL	B	0.96%
	MCO	C	0.77%
	AON	D	0.75%
	COF	B	0.72%
	AIG	A	0.7%
	AJG	C	0.67%
	TRV	D	0.64%
	ALL	B	0.59%
	AFL	A	0.58%
	BK	A	0.57%
	AMP	C	0.55%
	FIS	B	0.53%
	MSCI	D	0.49%
	ACGL	A	0.46%
	DFS	C	0.42%
	GPN	F	0.42%
	HIG	C	0.38%
	WTW	D	0.34%
	NDAQ	B	0.3%
	RJF	B	0.3%
	STT	C	0.29%
	CBOE	C	0.25%
	BRO	C	0.25%
	SYF	B	0.24%
	CINF	D	0.24%
	PFG	C	0.23%
	WRB	D	0.21%
	FDS	D	0.21%
	EG	C	0.21%
	L	A	0.18%
	JKHY	D	0.16%
	AIZ	D	0.12%
	MKTX	F	0.1%
	GL	F	0.09%
	IVZ	D	0.08%

FAS Underweight 75 Positions Relative to FDL

	Symbol	Grade	Weight
	CVX	B	-10.02%
	VZ	D	-8.47%
	ABBV	D	-7.55%
	PFE	D	-7.32%
	PM	B	-6.56%
	MO	A	-5.66%
	IBM	D	-3.92%
	MMM	B	-2.74%
	DUK	A	-2.59%
	PXD	B	-2.57%
	SO	A	-2.46%
	F	D	-1.79%
	OKE	B	-1.76%
	WMB	B	-1.74%
	DVN	B	-1.69%
	PSX	D	-1.33%
	LYB	C	-0.99%
	EIX	A	-0.96%
	ETR	A	-0.77%
	IFF	A	-0.7%
	FE	A	-0.67%
	BBY	D	-0.49%
	EVRG	B	-0.46%
	WBA	F	-0.46%
	FNF	B	-0.37%
	NRG	B	-0.34%
	PNW	B	-0.33%
	HAS	B	-0.33%
	EMN	B	-0.32%
	PKG	D	-0.31%
	OGE	A	-0.27%
	ALLY	B	-0.27%
	UGI	C	-0.26%
	FHN	B	-0.26%
	WHR	F	-0.26%
	WU	C	-0.25%
	LNC	C	-0.24%
	COLB	C	-0.23%
	EWBC	A	-0.23%
	DINO	F	-0.22%
	ZION	B	-0.19%
	CG	D	-0.19%
	WBS	D	-0.18%
	SNV	C	-0.15%
	JHG	A	-0.15%
	UBSI	D	-0.14%
	BKH	B	-0.14%
	SR	B	-0.13%
	FNB	B	-0.13%
	OZK	B	-0.13%
	CADE	B	-0.13%
	ALE	B	-0.13%
	VLY	F	-0.13%
	FIBK	B	-0.13%
	NWE	B	-0.12%
	ONB	A	-0.12%
	AVA	B	-0.12%
	SWX	A	-0.11%
	NYCB	D	-0.11%
	AGR	B	-0.11%
	MAN	B	-0.11%
	FHB	B	-0.1%
	ASB	A	-0.1%
	GBCI	C	-0.1%
	SMG	C	-0.09%
	MDU	A	-0.09%
	UCBI	B	-0.08%
	CRI	F	-0.07%
	INDB	C	-0.07%
	ARCH	D	-0.07%
	CATY	D	-0.06%
	CVI	F	-0.05%
	CNS	D	-0.04%
	AAP	D	-0.04%
	GEF	D	-0.01%

FAS: Top Represented Industries & Keywords

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

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

FDL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Utilities - Diversified Insurance - Life Oil & Gas Refining & Marketing Utilities - Regulated Gas Banks - Global Drug Manufacturers - Major Oil & Gas E&P Oil & Gas Midstream Packaging & Containers Specialty Chemicals Specialty Retail Tobacco Agricultural Inputs Apparel Manufacturing Auto Manufacturers Building Materials Chemicals

Keywords: S&P 500 Bank Banking Natural Gas Commercial Banking Deposit Products Electricity Cash Management Investment Bank Investment Management Real Estate Loans Trust Services Asset Management Insurance Chemical Commercial Bank Individual Retirement Account Propane Electric Utilities Financial Products