FNCL vs. FAZ ETF Comparison

Comparison of Fidelity MSCI Financials Index ETF (FNCL) to Direxion Financial Bear 3X Shares (FAZ)

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.94

Average Daily Volume

71,570

Number of Holdings ^*

377

* 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 1000Â® 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 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

$10.63

Average Daily Volume

2,613,747

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNCL	FAZ
30 Days	1.18%	-1.91%
60 Days	1.59%	-1.37%
90 Days	-2.04%	9.89%
12 Months	26.25%	-42.70%

64 Overlapping Holdings

Symbol	Grade	Weight in FNCL	Weight in FAZ	Overlap
ACGL	B	0.58%	0.28%	0.28%
AFL	B	0.75%	0.62%	0.62%
AIG	D	0.76%	0.74%	0.74%
AJG	B	0.85%	0.28%	0.28%
ALL	D	0.64%	0.61%	0.61%
ALLY	B	0.16%	0.19%	0.16%
AMP	C	0.66%	0.35%	0.35%
AON	C	0.87%	0.79%	0.79%
AXP	C	2.0%	1.41%	1.41%
BAC	A	4.21%	4.53%	4.21%
BK	A	0.67%	0.61%	0.61%
BLK	B	1.78%	1.01%	1.01%
BRK.A	C	8.11%	7.22%	7.22%
C	C	1.78%	2.84%	1.78%
CB	C	1.61%	1.11%	1.11%
CFG	C	0.25%	0.28%	0.25%
CINF	C	0.27%	0.26%	0.26%
CME	D	1.05%	1.18%	1.05%
COF	C	0.78%	0.78%	0.78%
DFS	A	0.48%	0.42%	0.42%
FIS	B	0.66%	1.44%	0.66%
FITB	C	0.37%	0.33%	0.33%
FNF	C	0.19%	0.2%	0.19%
GPN	D	0.37%	0.95%	0.37%
GS	B	2.24%	1.27%	1.27%
HBAN	C	0.28%	0.24%	0.24%
HIG	B	0.47%	0.35%	0.35%
ICE	A	1.18%	0.85%	0.85%
JKHY	B	0.18%	0.18%	0.18%
JPM	A	8.56%	6.91%	6.91%
KEY	C	0.19%	0.31%	0.19%
L	D	0.22%	0.22%	0.22%
LNC	B	0.08%	0.19%	0.08%
MA	D	5.71%	4.6%	4.6%
MCO	A	1.06%	0.68%	0.68%
MET	D	0.67%	0.66%	0.66%
MKL	C	0.31%	0.26%	0.26%
MKTX	F	0.11%	0.22%	0.11%
MMC	B	1.57%	0.93%	0.93%
MS	B	1.81%	1.07%	1.07%
MSCI	F	0.58%	0.37%	0.37%
MTB	B	0.37%	0.34%	0.34%
NDAQ	C	0.36%	0.2%	0.2%
NTRS	C	0.25%	0.34%	0.25%
PFG	D	0.28%	0.25%	0.25%
PGR	D	1.84%	0.71%	0.71%
PNC	C	0.91%	1.08%	0.91%
PRU	B	0.65%	0.63%	0.63%
PYPL	F	0.89%	2.19%	0.89%
RF	C	0.26%	0.25%	0.25%
RJF	C	0.36%	0.19%	0.19%
SCHW	C	1.68%	0.89%	0.89%
SPGI	B	2.16%	1.17%	1.17%
SQ	D	0.54%	0.38%	0.38%
STT	C	0.33%	0.48%	0.33%
SYF	A	0.28%	0.37%	0.28%
TFC	C	0.74%	1.21%	0.74%
TROW	B	0.39%	0.48%	0.39%
TRV	D	0.72%	0.58%	0.58%
USB	C	0.94%	1.27%	0.94%
V	D	6.51%	5.62%	5.62%
WFC	C	3.05%	3.0%	3.0%
WTW	B	0.41%	0.42%	0.41%
WU	D	0.05%	0.19%	0.05%

FNCL Overweight 313 Positions Relative to FAZ

Symbol	Grade	Weight
BX	B	1.34%
KKR	B	1.0%
APO	A	0.71%
COIN	C	0.62%
ARES	D	0.37%
BRO	B	0.33%
LPLA	B	0.31%
CPAY	D	0.28%
CBOE	D	0.27%
FCNCA	C	0.25%
EG	B	0.25%
WRB	C	0.25%
FDS	D	0.24%
EQH	B	0.21%
RGA	B	0.21%
IBKR	B	0.19%
HOOD	B	0.18%
TW	C	0.18%
RNR	C	0.18%
EWBC	C	0.15%
TOST	B	0.14%
AFG	D	0.14%
ERIE	C	0.14%
CG	C	0.14%
SF	A	0.13%
MORN	C	0.13%
UNM	C	0.13%
FHN	C	0.13%
KNSL	F	0.13%
PRI	B	0.13%
AIZ	D	0.13%
AFRM	F	0.12%
GL	C	0.12%
JEF	A	0.12%
ORI	C	0.12%
WBS	D	0.11%
EVR	A	0.11%
SEIC	D	0.11%
WEX	D	0.11%
OWL	C	0.11%
VOYA	D	0.11%
WAL	C	0.1%
BPOP	C	0.1%
SOFI	D	0.1%
CBSH	C	0.1%
CMA	C	0.1%
BEN	D	0.1%
AGNC	B	0.1%
HLI	A	0.1%
RLI	D	0.09%
SNV	A	0.09%
OMF	C	0.09%
STWD	C	0.09%
CFR	C	0.09%
MTG	B	0.09%
PNFP	C	0.09%
RYAN	B	0.09%
WTFC	C	0.09%
ESNT	B	0.09%
AXS	B	0.09%
ZION	C	0.09%
FNB	C	0.08%
IVZ	D	0.08%
AMG	C	0.08%
JXN	C	0.08%
PB	C	0.08%
ONB	C	0.08%
SIGI	F	0.08%
COOP	C	0.08%
SSB	C	0.08%
FAF	D	0.08%
AGO	C	0.07%
THG	C	0.07%
HLNE	B	0.07%
JHG	B	0.07%
WTM	B	0.07%
RDN	B	0.07%
EEFT	D	0.07%
CADE	C	0.07%
KMPR	C	0.06%
UMBF	C	0.06%
ESGR	B	0.06%
COLB	D	0.06%
PIPR	A	0.06%
FOUR	B	0.06%
GBCI	C	0.06%
HWC	C	0.06%
PFSI	A	0.06%
OZK	D	0.06%
UBSI	C	0.06%
SLM	C	0.06%
HOMB	C	0.06%
TPG	D	0.05%
FBP	A	0.05%
SFBS	C	0.05%
IBOC	C	0.05%
ABCB	C	0.05%
BHF	D	0.05%
CNO	C	0.05%
ASB	C	0.05%
CACC	C	0.05%
WD	B	0.05%
FFIN	C	0.05%
MC	C	0.05%
HASI	C	0.05%
AUB	C	0.04%
PJT	A	0.04%
OSCR	D	0.04%
FIBK	C	0.04%
ABR	B	0.04%
STEP	A	0.04%
FHI	C	0.04%
BOKF	C	0.04%
CATY	B	0.04%
FHB	C	0.04%
TCBI	C	0.04%
NMIH	A	0.04%
WSFS	A	0.04%
GNW	D	0.04%
APAM	C	0.04%
UCBI	C	0.04%
FULT	C	0.04%
VLY	D	0.04%
BXMT	C	0.04%
AX	C	0.04%
BGC	C	0.04%
WSBC	C	0.03%
BANF	C	0.03%
OFG	C	0.03%
STC	C	0.03%
ENVA	C	0.03%
FLYW	F	0.03%
TBBK	B	0.03%
RKT	C	0.03%
HTLF	B	0.03%
AGM	C	0.03%
SBCF	C	0.03%
CNS	B	0.03%
WAFD	C	0.03%
INDB	D	0.03%
EBC	C	0.03%
FRME	C	0.03%
VCTR	D	0.03%
NATL	B	0.03%
PPBI	C	0.03%
TOWN	C	0.03%
PLMR	C	0.03%
SFNC	C	0.03%
VIRT	C	0.03%
FFBC	C	0.03%
SNEX	C	0.03%
BKU	C	0.03%
EVTC	F	0.03%
NYCB	F	0.03%
PRK	A	0.03%
CBU	C	0.03%
BOH	D	0.03%
CVBF	C	0.03%
MQ	D	0.03%
EFC	B	0.02%
TRUP	B	0.02%
PEBO	C	0.02%
SASR	B	0.02%
EIG	C	0.02%
VBTX	C	0.02%
SAFT	D	0.02%
LOB	D	0.02%
NBHC	A	0.02%
QCRH	C	0.02%
TCBK	B	0.02%
FBNC	C	0.02%
NWLI	A	0.02%
SYBT	B	0.02%
WABC	C	0.02%
ACT	C	0.02%
STBA	B	0.02%
HOPE	C	0.02%
PMT	D	0.02%
SPNT	D	0.02%
GSHD	D	0.02%
SKWD	C	0.02%
FBK	C	0.02%
EFSC	C	0.02%
NAVI	D	0.02%
FCF	C	0.02%
HMN	D	0.02%
NNI	C	0.02%
CUBI	C	0.02%
FRHC	C	0.02%
CHCO	B	0.02%
NWBI	B	0.02%
ARI	D	0.02%
HTH	C	0.02%
RC	D	0.02%
BUSE	C	0.02%
CASH	B	0.02%
CODI	D	0.02%
LADR	A	0.02%
LKFN	C	0.02%
MCY	C	0.02%
IBTX	B	0.02%
PRG	C	0.02%
NBTB	B	0.02%
BANR	B	0.02%
BANC	D	0.02%
DFIN	D	0.02%
PFS	D	0.02%
UPST	F	0.02%
TRMK	C	0.02%
RNST	C	0.02%
VRTS	C	0.02%
CLBK	D	0.01%
HAFC	C	0.01%
CCBG	B	0.01%
HONE	B	0.01%
PX	C	0.01%
SMBC	B	0.01%
MCB	C	0.01%
SPFI	C	0.01%
WASH	C	0.01%
CTLP	C	0.01%
TMP	D	0.01%
BHB	C	0.01%
WRLD	D	0.01%
AMTB	C	0.01%
FSBC	B	0.01%
TIPT	D	0.01%
GSBC	B	0.01%
UFCS	C	0.01%
CATC	B	0.01%
THFF	C	0.01%
TRST	C	0.01%
GDOT	F	0.01%
FMNB	C	0.01%
IIIV	C	0.01%
CCB	B	0.01%
KREF	F	0.01%
RBCAA	C	0.01%
EQBK	A	0.01%
EGBN	D	0.01%
CAC	C	0.01%
CPF	A	0.01%
TRTX	A	0.01%
UVE	C	0.01%
LPRO	F	0.01%
NRDS	B	0.01%
BFST	C	0.01%
AMAL	A	0.01%
FCBC	B	0.01%
EZPW	C	0.01%
CFFN	B	0.01%
AMRK	D	0.01%
PRA	F	0.01%
AMBC	D	0.01%
TFSL	C	0.01%
HFWA	C	0.01%
MCBS	A	0.01%
HBNC	C	0.01%
BSIG	C	0.01%
PFBC	C	0.01%
HTBK	C	0.01%
FBMS	C	0.01%
PRAA	F	0.01%
CFB	B	0.01%
BFC	C	0.01%
FG	D	0.01%
AMSF	D	0.01%
FMBH	C	0.01%
UWMC	C	0.01%
MSBI	D	0.01%
CASS	F	0.01%
BY	B	0.01%
DCOM	C	0.01%
CNOB	D	0.01%
OSBC	C	0.01%
IMXI	C	0.01%
CTBI	C	0.01%
SBSI	C	0.01%
BRKL	D	0.01%
IBCP	C	0.01%
HCI	D	0.01%
UVSP	A	0.01%
MBWM	B	0.01%
MBIN	C	0.01%
BRSP	D	0.01%
CMTG	D	0.01%
AMK	B	0.01%
LMND	D	0.01%
OBK	C	0.01%
ECPG	D	0.01%
RWT	B	0.01%
PFC	C	0.01%
CNNE	D	0.01%
DX	C	0.01%
LC	D	0.01%
GABC	A	0.01%
RPAY	B	0.01%
BHLB	C	0.01%
SRCE	C	0.01%
OCFC	C	0.01%
NIC	C	0.01%
AROW	B	0.0%
PGC	D	0.0%
DGICA	D	0.0%
HGTY	B	0.0%
GCBC	B	0.0%
DHIL	F	0.0%
CRD.B	F	0.0%
KRNY	D	0.0%
HBT	B	0.0%
PAY	D	0.0%
NFBK	D	0.0%
RILY	F	0.0%

FNCL Underweight 33 Positions Relative to FAZ

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