FAZ vs. SEF ETF Comparison

Comparison of Direxion Financial Bear 3X Shares (FAZ) to ProShares Short Financials (SEF)

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

$9.76

Average Daily Volume

3,092,934

Number of Holdings ^*

97

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.25

Average Daily Volume

35,604

Number of Holdings ^*

97

* may have additional holdings in another (foreign) market

Performance

Period	FAZ	SEF
30 Days	-16.15%	-5.25%
60 Days	-8.64%	-2.21%
90 Days	-15.17%	-4.41%
12 Months	-51.54%	-18.85%

87 Overlapping Holdings

	Symbol	Grade	Weight in FAZ	Weight in SEF	Overlap
	ACGL	B	0.28%	0.31%	0.28%
	AFL	B	0.62%	0.66%	0.62%
	AIG	C	0.74%	0.77%	0.74%
	AJG	A	0.28%	0.3%	0.28%
	ALL	C	0.61%	0.64%	0.61%
	ALLY	B	0.19%	0.19%	0.19%
	AMP	B	0.35%	0.37%	0.35%
	AMT	C	1.64%	1.74%	1.64%
	AON	F	0.79%	0.83%	0.79%
	ARE	C	0.3%	0.32%	0.3%
	AVB	B	0.48%	0.51%	0.48%
	AXP	B	1.41%	1.49%	1.41%
	BAC	A	4.53%	4.46%	4.46%
	BK	A	0.61%	0.65%	0.61%
	BLK	C	1.01%	1.06%	1.01%
	BRK.A	C	7.22%	7.56%	7.22%
	BXP	C	0.34%	0.34%	0.34%
	C	A	2.84%	2.98%	2.84%
	CB	B	1.11%	1.17%	1.11%
	CBRE	C	0.33%	0.34%	0.33%
	CCI	C	0.96%	1.02%	0.96%
	CFG	B	0.28%	0.3%	0.28%
	CINF	D	0.26%	0.27%	0.26%
	CME	C	1.18%	1.25%	1.18%
	COF	D	0.78%	0.81%	0.78%
	DFS	C	0.42%	0.44%	0.42%
	DLR	C	0.41%	0.44%	0.41%
	ELS	D	0.2%	0.22%	0.2%
	EQIX	D	0.8%	0.84%	0.8%
	EQR	B	0.48%	0.48%	0.48%
	ESS	B	0.33%	0.34%	0.33%
	EXR	C	0.22%	0.24%	0.22%
	FITB	B	0.33%	0.35%	0.33%
	FNF	C	0.2%	0.22%	0.2%
	GS	A	1.27%	1.34%	1.27%
	HBAN	B	0.24%	0.26%	0.24%
	HIG	B	0.35%	0.37%	0.35%
	HST	D	0.2%	0.22%	0.2%
	ICE	C	0.85%	0.91%	0.85%
	INVH	B	0.26%	0.28%	0.26%
	JPM	B	6.91%	7.27%	6.91%
	KEY	B	0.31%	0.32%	0.31%
	L	B	0.22%	0.23%	0.22%
	LNC	C	0.19%	0.2%	0.19%
	MA	D	4.6%	4.83%	4.6%
	MAA	C	0.24%	0.26%	0.24%
	MCO	A	0.68%	0.7%	0.68%
	MET	B	0.66%	0.69%	0.66%
	MKL	A	0.26%	0.28%	0.26%
	MKTX	D	0.22%	0.24%	0.22%
	MMC	A	0.93%	0.97%	0.93%
	MPW	C	0.18%	0.19%	0.18%
	MS	B	1.07%	1.19%	1.07%
	MSCI	F	0.37%	0.4%	0.37%
	MTB	B	0.34%	0.36%	0.34%
	NDAQ	C	0.2%	0.21%	0.2%
	NLY	B	0.22%	0.23%	0.22%
	NTRS	C	0.34%	0.39%	0.34%
	O	C	0.4%	0.42%	0.4%
	PFG	B	0.25%	0.25%	0.25%
	PGR	D	0.71%	0.75%	0.71%
	PLD	F	0.95%	1.0%	0.95%
	PNC	A	1.08%	1.13%	1.08%
	PRU	A	0.63%	0.66%	0.63%
	PSA	C	0.52%	0.56%	0.52%
	RF	B	0.25%	0.27%	0.25%
	RJF	C	0.19%	0.2%	0.19%
	SBAC	F	0.45%	0.48%	0.45%
	SCHW	B	0.89%	0.93%	0.89%
	SPG	C	0.73%	0.76%	0.73%
	SPGI	B	1.17%	1.22%	1.17%
	STT	B	0.48%	0.5%	0.48%
	SUI	F	0.23%	0.24%	0.23%
	SYF	C	0.37%	0.36%	0.36%
	TFC	A	1.21%	1.27%	1.21%
	TROW	C	0.48%	0.52%	0.48%
	TRV	D	0.58%	0.61%	0.58%
	UDR	C	0.22%	0.23%	0.22%
	USB	D	1.27%	1.32%	1.27%
	V	C	5.62%	5.88%	5.62%
	VNO	F	0.19%	0.18%	0.18%
	VTR	B	0.35%	0.37%	0.35%
	WELL	A	0.56%	0.59%	0.56%
	WFC	B	3.0%	3.19%	3.0%
	WPC	C	0.23%	0.24%	0.23%
	WTW	D	0.42%	0.44%	0.42%
	WY	F	0.37%	0.39%	0.37%

FAZ Overweight 10 Positions Relative to SEF

	Symbol	Grade	Weight
	PYPL	D	2.19%
	FIS	A	1.44%
	GPN	F	0.95%
	SQ	D	0.38%
	EFX	C	0.3%
	TRU	B	0.28%
	BR	C	0.24%
	FICO	A	0.19%
	WU	D	0.19%
	JKHY	C	0.18%

FAZ Underweight 10 Positions Relative to SEF

	Symbol	Grade	Weight
	BX	C	-0.67%
	CSGP	D	-0.4%
	DOC	B	-0.3%
	EG	C	-0.19%
	EQH	B	-0.19%
	GL	F	-0.18%
	FDS	D	-0.18%
	REG	D	-0.18%
	CPT	B	-0.18%
	WRB	D	-0.17%

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

SEF: Top Represented Industries & Keywords

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

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