LABU vs. FFSM ETF Comparison

Comparison of Direxion Daily S&P Biotech Bull 3X Shares (LABU) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$113.42

Average Daily Volume

1,097,203

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$29.06

Average Daily Volume

28,472

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	LABU	FFSM
30 Days	-4.54%	7.11%
60 Days	-13.12%	5.92%
90 Days	-20.34%	6.92%
12 Months	64.67%	35.08%

12 Overlapping Holdings

Symbol	Grade	Weight in LABU	Weight in FFSM	Overlap
ACLX	C	0.53%	0.19%	0.19%
ANAB	F	0.08%	0.11%	0.08%
CLDX	F	0.23%	0.1%	0.1%
COGT	D	0.11%	0.11%	0.11%
CRNX	C	0.58%	0.19%	0.19%
CYTK	F	1.17%	0.18%	0.18%
KROS	D	0.25%	0.13%	0.13%
MDGL	B	1.35%	0.16%	0.16%
NUVL	D	0.38%	0.16%	0.16%
PCVX	D	0.6%	0.32%	0.32%
VCEL	B	0.28%	0.12%	0.12%
VRDN	D	0.2%	0.12%	0.12%

LABU Overweight 116 Positions Relative to FFSM

Symbol	Grade	Weight
INCY	C	2.06%
NTRA	B	2.02%
UTHR	C	1.92%
GILD	C	1.88%
NBIX	C	1.7%
VRTX	F	1.68%
ALNY	D	1.64%
INSM	C	1.61%
AMGN	D	1.5%
SRPT	D	1.48%
ABBV	D	1.47%
BIIB	F	1.42%
VKTX	F	1.35%
EXAS	D	1.31%
BMRN	D	1.3%
REGN	F	1.14%
BPMC	C	1.12%
TGTX	B	1.05%
HALO	F	1.0%
CRSP	D	1.0%
RNA	D	0.99%
MRNA	F	0.98%
RVMD	C	0.96%
KRYS	B	0.81%
ADMA	B	0.79%
EXEL	B	0.77%
ROIV	C	0.76%
IONS	F	0.74%
ALKS	B	0.72%
BBIO	F	0.58%
APLS	D	0.57%
IOVA	F	0.56%
TWST	D	0.54%
GERN	D	0.53%
DYN	F	0.5%
SWTX	C	0.5%
BEAM	D	0.49%
AGIO	C	0.49%
ACAD	D	0.48%
RXRX	F	0.47%
RARE	D	0.47%
IMVT	F	0.43%
PTCT	B	0.43%
FOLD	F	0.41%
VERA	B	0.39%
MIRM	B	0.39%
ARWR	F	0.38%
RYTM	C	0.38%
NTLA	F	0.38%
PTGX	C	0.37%
IDYA	F	0.37%
DVAX	C	0.35%
DNLI	D	0.33%
VCYT	B	0.33%
JANX	C	0.33%
SRRK	B	0.32%
KYMR	D	0.3%
SNDX	F	0.29%
BCRX	D	0.28%
CGON	F	0.28%
ARDX	F	0.28%
AKRO	B	0.27%
NVAX	F	0.27%
ARQT	C	0.27%
CPRX	C	0.26%
NRIX	D	0.25%
MNKD	C	0.22%
IRON	B	0.22%
SMMT	D	0.21%
RCKT	F	0.19%
DAWN	F	0.19%
TVTX	B	0.17%
MYGN	F	0.17%
CGEM	F	0.17%
IRWD	F	0.16%
CDNA	D	0.15%
VIR	D	0.15%
XNCR	B	0.15%
KURA	F	0.15%
CDMO	B	0.14%
APLT	B	0.14%
ALT	C	0.13%
RCUS	F	0.13%
EBS	C	0.13%
HUMA	F	0.12%
ARCT	F	0.12%
ETNB	C	0.11%
ANNX	F	0.11%
AVXL	B	0.11%
VERV	F	0.11%
SPRY	D	0.11%
STOK	F	0.11%
REPL	B	0.11%
IMNM	F	0.1%
PRTA	F	0.1%
RLAY	F	0.1%
MDXG	B	0.1%
RGNX	F	0.09%
OLMA	F	0.09%
ALLO	F	0.08%
OCGN	F	0.08%
CELC	F	0.08%
SAGE	F	0.08%
SANA	F	0.08%
ERAS	C	0.07%
CCCC	F	0.07%
FDMT	F	0.07%
ORIC	F	0.06%
SCLX	F	0.05%
SVRA	D	0.05%
ALEC	F	0.04%
YMAB	F	0.04%
ABUS	D	0.04%
ITOS	F	0.04%
KALV	D	0.04%
FATE	F	0.04%

LABU Underweight 159 Positions Relative to FFSM

Symbol	Grade	Weight
EME	C	-1.81%
UHS	D	-1.5%
FTI	A	-1.47%
TPX	B	-1.46%
ACGL	D	-1.45%
EXP	A	-1.44%
MUSA	A	-1.34%
NSIT	F	-1.33%
AR	B	-1.27%
BJ	A	-1.22%
FN	D	-1.22%
ITT	A	-1.2%
CROX	D	-1.17%
PFGC	B	-1.16%
USFD	A	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
JLL	D	-1.1%
MOH	F	-1.1%
CACI	D	-1.06%
WHD	B	-1.01%
CR	A	-1.01%
RRX	B	-1.01%
ORI	A	-0.96%
SNX	C	-0.95%
DOX	D	-0.92%
AIZ	A	-0.91%
BOOT	D	-0.9%
TMDX	F	-0.9%
LNG	B	-0.9%
DFS	B	-0.89%
AIT	A	-0.88%
SNV	B	-0.88%
DKS	C	-0.84%
STX	D	-0.84%
AYI	B	-0.81%
TGLS	B	-0.81%
FAF	A	-0.77%
ALSN	B	-0.76%
BC	C	-0.76%
VTR	C	-0.76%
RGA	A	-0.76%
NXST	C	-0.75%
SF	B	-0.75%
PNFP	B	-0.73%
PCG	A	-0.72%
HLI	B	-0.71%
GPK	C	-0.71%
AEIS	B	-0.66%
ACM	A	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
KBH	D	-0.64%
FCNCA	A	-0.63%
ON	D	-0.62%
BECN	B	-0.61%
MMS	F	-0.6%
CMC	B	-0.6%
FSS	B	-0.6%
LBRT	D	-0.59%
G	B	-0.59%
VNT	B	-0.59%
CBT	C	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	A	-0.57%
MEDP	D	-0.57%
MTSI	B	-0.57%
PRI	A	-0.56%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	D	-0.56%
CHDN	B	-0.54%
ESI	A	-0.54%
CIEN	B	-0.53%
ASO	F	-0.53%
WTFC	A	-0.52%
CRL	C	-0.52%
CWK	B	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
IESC	B	-0.51%
GMS	B	-0.51%
WIX	B	-0.5%
AFG	A	-0.49%
EBC	B	-0.49%
CTRE	D	-0.49%
EAT	A	-0.47%
CNM	D	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
BLDR	D	-0.46%
TENB	C	-0.45%
OLN	D	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	A	-0.42%
TEX	D	-0.42%
ARGX	A	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
MASI	A	-0.39%
IP	B	-0.37%
CXT	B	-0.36%
CAH	B	-0.36%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	B	-0.34%
GTES	A	-0.33%
WFRD	D	-0.33%
FLEX	A	-0.31%
AZEK	A	-0.3%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	D	-0.3%
GRBK	D	-0.3%
CNXC	F	-0.29%
IBTX	B	-0.29%
FBP	B	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
AMN	F	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	D	-0.2%
RGEN	D	-0.19%
KFRC	D	-0.18%
AAP	C	-0.15%
XPRO	F	-0.14%
MNDY	C	-0.14%
ELVN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	B	-0.08%
MRUS	F	-0.07%
PBH	A	-0.06%
ARVN	D	-0.04%
ATKR	C	-0.01%
FIBK	A	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%