FAS vs. FDLO ETF Comparison

Comparison of Direxion Financial Bull 3X Shares (FAS) to Fidelity Low Volatility Factor ETF (FDLO)

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

$174.45

Average Daily Volume

585,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$62.01

Average Daily Volume

73,601

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FAS	FDLO
30 Days	17.59%	-0.23%
60 Days	29.98%	1.39%
90 Days	38.50%	3.55%
12 Months	152.23%	21.09%

16 Overlapping Holdings

Symbol	Grade	Weight in FAS	Weight in FDLO	Overlap
AIZ	A	0.11%	0.61%	0.11%
AJG	A	0.64%	0.61%	0.61%
BRK.A	B	8.47%	2.13%	2.13%
CB	C	1.07%	0.72%	0.72%
CBOE	C	0.21%	0.55%	0.21%
CME	B	0.8%	0.69%	0.69%
ERIE	D	0.1%	0.45%	0.1%
FDS	B	0.19%	0.59%	0.19%
JKHY	D	0.12%	0.51%	0.12%
JPM	A	6.8%	1.89%	1.89%
MA	B	4.24%	1.34%	1.34%
MMC	B	1.08%	0.67%	0.67%
PGR	A	1.49%	0.84%	0.84%
TRV	B	0.58%	0.69%	0.58%
V	A	5.09%	1.47%	1.47%
WRB	A	0.18%	0.56%	0.18%

FAS Overweight 56 Positions Relative to FDLO

Symbol	Grade	Weight
BAC	A	3.06%
WFC	A	2.45%
GS	A	1.84%
MS	A	1.63%
SPGI	C	1.62%
AXP	A	1.6%
BLK	B	1.44%
C	A	1.29%
BX	A	1.29%
FI	A	1.2%
SCHW	B	1.18%
KKR	A	1.0%
ICE	C	0.89%
PYPL	B	0.87%
PNC	B	0.82%
AON	A	0.81%
USB	A	0.78%
MCO	B	0.75%
COF	C	0.69%
TFC	A	0.61%
BK	A	0.57%
AMP	A	0.55%
AFL	B	0.55%
ALL	A	0.51%
FIS	C	0.48%
MET	A	0.48%
AIG	B	0.48%
MSCI	C	0.47%
PRU	A	0.44%
DFS	B	0.43%
ACGL	C	0.37%
MTB	A	0.35%
HIG	B	0.34%
WTW	B	0.32%
FITB	B	0.32%
NDAQ	A	0.32%
GPN	B	0.29%
RJF	A	0.29%
STT	B	0.28%
BRO	B	0.26%
TROW	B	0.26%
HBAN	A	0.25%
SYF	B	0.25%
CPAY	A	0.25%
RF	A	0.24%
CINF	A	0.23%
CFG	B	0.21%
NTRS	A	0.21%
KEY	B	0.18%
PFG	D	0.18%
EG	C	0.16%
L	A	0.15%
GL	C	0.1%
MKTX	D	0.1%
IVZ	B	0.08%
BEN	C	0.07%

FAS Underweight 109 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
MSFT	D	-6.93%
GOOGL	C	-4.12%
AMZN	C	-3.92%
ORCL	A	-2.01%
CSCO	B	-1.77%
ACN	B	-1.6%
LLY	F	-1.57%
UNH	B	-1.55%
IBM	C	-1.54%
MSI	B	-1.49%
TXN	C	-1.48%
ROP	B	-1.21%
HD	B	-1.19%
TYL	B	-1.19%
JNJ	C	-1.18%
XOM	B	-1.17%
VRSN	C	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
PG	C	-0.99%
T	A	-0.99%
ABBV	F	-0.98%
TMUS	B	-0.97%
CMCSA	B	-0.95%
WMT	A	-0.95%
VZ	C	-0.93%
ABT	B	-0.9%
MRK	D	-0.88%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
ETN	A	-0.72%
LOW	C	-0.71%
AMGN	F	-0.71%
SBUX	A	-0.7%
HON	C	-0.7%
VRTX	D	-0.69%
CVX	A	-0.69%
ADP	A	-0.66%
KO	D	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
PEP	F	-0.62%
PM	B	-0.62%
BDX	F	-0.6%
LMT	D	-0.58%
ITW	B	-0.56%
NKE	F	-0.56%
WM	B	-0.55%
FAST	B	-0.54%
LIN	C	-0.53%
ORLY	B	-0.53%
PAYX	B	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	D	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
RSG	A	-0.47%
TSCO	D	-0.46%
BAH	F	-0.43%
COP	C	-0.41%
J	D	-0.39%
SO	C	-0.37%
MDLZ	F	-0.37%
CL	D	-0.35%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	F	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
XEL	A	-0.3%
SHW	B	-0.3%
KMB	C	-0.3%
KMI	A	-0.3%
HII	F	-0.29%
AMT	C	-0.29%
GIS	D	-0.28%
LNG	A	-0.28%
AEP	C	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	C	-0.25%
ED	C	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
ECL	D	-0.24%
DTM	A	-0.23%
O	C	-0.22%
CCI	C	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	C	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	C	-0.18%
ADC	A	-0.16%
AMH	C	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	C	-0.15%
AVY	F	-0.14%