INNO vs. LABU ETF Comparison

Comparison of Harbor Disruptive Innovation ETF (INNO) to Direxion Daily S&P Biotech Bull 3X Shares (LABU)

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$15.11

Average Daily Volume

2,556

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LABU

Direxion Daily S&P Biotech Bull 3X Shares

LABU Description

The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$102.99

Average Daily Volume

2,690,994

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	INNO	LABU
30 Days	-5.67%	-10.49%
60 Days	-7.78%	-37.90%
90 Days	-0.12%	-8.57%
12 Months	25.95%	-16.52%

14 Overlapping Holdings

Symbol	Grade	Weight in INNO	Weight in LABU	Overlap
ALLO	F	0.27%	0.23%	0.23%
ARWR	D	0.62%	0.58%	0.58%
CCCC	D	0.62%	0.5%	0.5%
FATE	D	0.08%	0.31%	0.08%
IOVA	C	1.1%	0.58%	0.58%
KRYS	C	1.26%	0.74%	0.74%
KYMR	C	0.69%	0.64%	0.64%
MRNA	A	0.94%	0.82%	0.82%
NTLA	F	0.37%	0.59%	0.37%
PCVX	C	0.16%	0.68%	0.16%
RCKT	D	1.48%	0.69%	0.69%
REPL	F	0.27%	0.36%	0.27%
RGNX	D	0.72%	0.25%	0.25%
RNA	A	0.98%	0.43%	0.43%

INNO Overweight 67 Positions Relative to LABU

Symbol	Grade	Weight
LRCX	D	3.83%
GOOG	A	3.14%
NOW	D	2.9%
NVDA	C	2.65%
PGR	B	2.6%
LIN	D	2.4%
DHR	C	2.4%
AMD	D	2.39%
CDNS	D	2.35%
AMZN	B	2.34%
SHOP	C	2.31%
TXN	A	2.25%
URI	D	2.2%
MELI	B	2.06%
DASH	D	1.99%
IOT	B	1.85%
GOOGL	A	1.84%
MSFT	D	1.79%
DXCM	D	1.65%
CRM	D	1.64%
ASND	C	1.64%
NET	C	1.58%
CMG	A	1.53%
PCOR	D	1.52%
META	D	1.27%
AMAT	C	1.21%
AUTL	F	1.17%
TOST	C	1.15%
HUBS	D	1.05%
DDOG	B	1.04%
CGNX	B	1.04%
TMO	C	1.0%
SNOW	D	1.0%
GTLS	F	0.92%
LSCC	F	0.9%
CTLT	C	0.79%
BCYC	B	0.78%
ARVN	D	0.77%
ICLR	D	0.75%
UBER	D	0.68%
MDB	D	0.66%
GTLB	D	0.64%
NICE	D	0.64%
BSY	B	0.62%
SMAR	D	0.59%
TEAM	F	0.59%
PANW	B	0.58%
DT	F	0.52%
INSP	B	0.5%
MNDY	C	0.49%
LLY	C	0.48%
WDAY	F	0.46%
SQ	D	0.42%
ZS	D	0.41%
SAP	D	0.41%
LEGN	D	0.41%
S	C	0.41%
DKNG	C	0.41%
OKTA	C	0.4%
HUBB	D	0.39%
IDXX	F	0.39%
SE	B	0.38%
PODD	D	0.28%
LNTH	B	0.26%
RPTX	F	0.2%
ADAP	D	0.2%
QURE	F	0.16%

INNO Underweight 111 Positions Relative to LABU

Symbol	Grade	Weight
ALPN	A	-1.33%
RVMD	A	-0.91%
EXAS	F	-0.84%
BMRN	F	-0.84%
CRNX	A	-0.83%
EXEL	B	-0.83%
CERE	A	-0.82%
CYTK	D	-0.81%
AMGN	B	-0.8%
NTRA	A	-0.8%
GERN	A	-0.79%
BPMC	A	-0.79%
UTHR	A	-0.78%
VRTX	C	-0.78%
ALNY	D	-0.78%
NBIX	A	-0.77%
ABBV	D	-0.76%
SRPT	B	-0.76%
HALO	C	-0.75%
REGN	C	-0.75%
RYTM	C	-0.75%
IONS	D	-0.75%
DYN	C	-0.75%
DVAX	D	-0.73%
IMVT	D	-0.73%
VKTX	B	-0.72%
GILD	F	-0.72%
IRWD	F	-0.72%
FOLD	D	-0.71%
RARE	D	-0.7%
INCY	D	-0.7%
BBIO	D	-0.7%
INSM	D	-0.7%
BIIB	D	-0.7%
VCEL	B	-0.69%
SNDX	C	-0.69%
SWTX	D	-0.68%
TGTX	B	-0.68%
PTCT	B	-0.67%
MDGL	D	-0.67%
ALKS	F	-0.66%
IDYA	C	-0.66%
CPRX	C	-0.65%
ARQT	D	-0.65%
CLDX	C	-0.65%
TWST	C	-0.63%
NUVL	C	-0.62%
APLS	F	-0.62%
INBX	D	-0.61%
BCRX	F	-0.61%
DNLI	F	-0.61%
VERA	B	-0.6%
NVAX	F	-0.6%
ARDX	D	-0.6%
KROS	C	-0.59%
AGIO	A	-0.59%
ACLX	C	-0.58%
ALT	D	-0.58%
ACAD	F	-0.58%
MIRM	D	-0.57%
PRTA	F	-0.57%
CRSP	D	-0.57%
PTGX	D	-0.56%
RXRX	F	-0.55%
MORF	F	-0.55%
AKRO	F	-0.54%
VCYT	D	-0.54%
BEAM	F	-0.52%
VRDN	F	-0.51%
KURA	C	-0.5%
MGNX	D	-0.48%
BMEA	F	-0.46%
RCUS	D	-0.44%
COGT	D	-0.44%
SAGE	F	-0.44%
SRRK	C	-0.43%
CABA	F	-0.41%
EDIT	F	-0.4%
MYGN	C	-0.4%
ETNB	F	-0.38%
XNCR	B	-0.37%
ADMA	A	-0.37%
ARCT	F	-0.37%
FDMT	C	-0.36%
SANA	B	-0.35%
ZNTL	F	-0.34%
TVTX	F	-0.31%
VIR	F	-0.31%
CDMO	B	-0.3%
DCPH	A	-0.28%
OLMA	D	-0.26%
DAWN	A	-0.26%
CDNA	C	-0.26%
VERV	F	-0.26%
MNKD	C	-0.26%
NRIX	D	-0.25%
RLAY	F	-0.24%
IRON	F	-0.24%
AVXL	F	-0.22%
KNSA	B	-0.21%
SMMT	B	-0.2%
CRBU	F	-0.19%
ANAB	B	-0.16%
MDXG	C	-0.16%
ALEC	D	-0.13%
CGEM	A	-0.13%
MRSN	D	-0.1%
ORIC	D	-0.09%
VYGR	D	-0.08%
SPRY	B	-0.08%
RCEL	F	-0.04%

INNO: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Diagnostics & Research Software - Infrastructure Semiconductors Internet Content & Information Medical Devices Semiconductor Equipment & Materials Specialty Retail Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Electronic Components Electronic Gaming & Multimedia Gambling Insurance - Property & Casualty Internet Content & Information Metal Fabrication Rental & Leasing Services Restaurants Scientific & Technical Instruments

LABU: Top Represented Industries & Keywords

Industries: Biotechnology Diagnostics & Research Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Medical Devices