LABD vs. INNO ETF Comparison

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

LABD

Direxion Daily S&P Biotech Bear 3X Shares

LABD Description

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

Grade (RS Rating)

Last Trade

$8.14

Average Daily Volume

16,116,151

Number of Holdings ^*

80

* may have additional holdings in another (foreign) market

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

$15.27

Average Daily Volume

2,559

Number of Holdings ^*

81

* may have additional holdings in another (foreign) market

Performance

Period	LABD	INNO
30 Days	0.98%	-4.65%
60 Days	34.91%	-6.46%
90 Days	-15.65%	0.96%
12 Months	-40.15%	26.46%

8 Overlapping Holdings

	Symbol	Grade	Weight in LABD	Weight in INNO	Overlap
	ALLO	F	0.54%	0.27%	0.27%
	ARWR	F	1.45%	0.62%	0.62%
	FATE	D	0.67%	0.08%	0.08%
	IOVA	D	1.07%	1.1%	1.07%
	KRYS	D	0.28%	1.26%	0.28%
	MRNA	B	1.47%	0.94%	0.94%
	NTLA	F	0.29%	0.37%	0.29%
	RGNX	F	1.05%	0.72%	0.72%

LABD Overweight 72 Positions Relative to INNO

	Symbol	Grade	Weight
	EXEL	D	1.91%
	BMRN	F	1.89%
	BLUE	F	1.87%
	VRTX	D	1.84%
	SAGE	F	1.8%
	UTHR	A	1.78%
	REGN	B	1.77%
	AMGN	A	1.75%
	ALNY	D	1.73%
	EXAS	F	1.73%
	ABBV	D	1.72%
	ACAD	F	1.68%
	SRPT	B	1.66%
	BIIB	D	1.65%
	IONS	F	1.64%
	GILD	F	1.64%
	NBIX	A	1.62%
	BPMC	A	1.61%
	INCY	D	1.51%
	RARE	D	1.49%
	LGND	D	1.46%
	BHVN	D	1.42%
	PTCT	B	1.4%
	FOLD	F	1.38%
	AGIO	A	1.37%
	APLS	F	1.24%
	ALKS	F	1.21%
	MYGN	D	1.08%
	NTRA	A	1.08%
	FGEN	F	1.05%
	DCPH	A	1.01%
	CHRS	F	0.99%
	EBS	C	0.96%
	CDNA	C	0.93%
	HRTX	D	0.84%
	INSM	D	0.81%
	KPTI	F	0.79%
	ESPR	D	0.79%
	ALLK	F	0.76%
	IRWD	F	0.75%
	VCYT	D	0.72%
	HALO	D	0.71%
	EDIT	F	0.66%
	PBYI	D	0.65%
	MDGL	D	0.59%
	TGTX	C	0.55%
	ADVM	F	0.55%
	CPRX	D	0.53%
	ANAB	B	0.53%
	XNCR	C	0.49%
	SGMO	F	0.48%
	ENTA	C	0.47%
	EGRX	F	0.42%
	GTHX	B	0.42%
	ATRA	F	0.41%
	VKTX	C	0.38%
	ANIK	A	0.37%
	VNDA	B	0.35%
	OPK	C	0.35%
	VCEL	C	0.34%
	TVTX	F	0.33%
	KOD	D	0.29%
	BBIO	F	0.29%
	PGEN	D	0.29%
	DNLI	F	0.28%
	GOSS	F	0.27%
	VYGR	D	0.26%
	MGNX	D	0.25%
	ALEC	F	0.25%
	CYTK	D	0.25%
	DVAX	D	0.24%
	YMAB	C	0.24%

LABD Underweight 73 Positions Relative to INNO

	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	A	-2.34%
	SHOP	D	-2.31%
	TXN	A	-2.25%
	URI	D	-2.2%
	MELI	C	-2.06%
	DASH	D	-1.99%
	IOT	B	-1.85%
	GOOGL	A	-1.84%
	MSFT	C	-1.79%
	DXCM	D	-1.65%
	CRM	D	-1.64%
	ASND	D	-1.64%
	NET	F	-1.58%
	CMG	A	-1.53%
	PCOR	D	-1.52%
	RCKT	D	-1.48%
	META	D	-1.27%
	AMAT	C	-1.21%
	AUTL	F	-1.17%
	TOST	D	-1.15%
	HUBS	D	-1.05%
	DDOG	C	-1.04%
	CGNX	B	-1.04%
	TMO	C	-1.0%
	SNOW	D	-1.0%
	RNA	A	-0.98%
	GTLS	C	-0.92%
	LSCC	D	-0.9%
	CTLT	C	-0.79%
	BCYC	C	-0.78%
	ARVN	D	-0.77%
	ICLR	D	-0.75%
	KYMR	D	-0.69%
	UBER	D	-0.68%
	MDB	F	-0.66%
	GTLB	F	-0.64%
	NICE	D	-0.64%
	CCCC	D	-0.62%
	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	D	-0.49%
	LLY	D	-0.48%
	WDAY	D	-0.46%
	SQ	D	-0.42%
	ZS	D	-0.41%
	SAP	D	-0.41%
	LEGN	F	-0.41%
	S	D	-0.41%
	DKNG	D	-0.41%
	OKTA	D	-0.4%
	HUBB	D	-0.39%
	IDXX	F	-0.39%
	SE	B	-0.38%
	PODD	D	-0.28%
	REPL	F	-0.27%
	LNTH	B	-0.26%
	RPTX	F	-0.2%
	ADAP	D	-0.2%
	PCVX	D	-0.16%
	QURE	F	-0.16%

LABD: Top Represented Industries & Keywords

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

Keywords: Biopharmaceutical Biotechnology Medicine Cancer Life Sciences Clinical Development Biology Chemical Compounds Inflammation Clinical Medicine Disease Immune System Immunology S&P 500 Cholesterol Genetics Infectious Diseases Monoclonal Antibody Nasdaq 100 Organ Systems

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

Keywords: S&P 500 Nasdaq 100 Computing Biotechnology Biopharmaceutical Medicine Cancer Life Sciences Software As A Service Biology Cloud Computing Disease Mobile Devices Software Work From Home Clinical Medicine Cloud Infrastructure Information Technology Management Semiconductor Artificial Intelligence