PFIX vs. FAZ ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Direxion Financial Bear 3X Shares (FAZ)

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.15

Average Daily Volume

104,055

Number of Holdings ^*

106

* 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

$9.75

Average Daily Volume

3,094,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FAZ
30 Days	-9.08%	-17.09%
60 Days	0.06%	-8.88%
90 Days	-4.07%	-16.62%
12 Months	37.42%	-51.41%

27 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FAZ	Overlap
AIG	C	0.34%	0.74%	0.34%
AVB	B	0.19%	0.48%	0.19%
BAC	B	1.73%	4.53%	1.73%
BK	A	0.29%	0.61%	0.29%
BLK	C	0.87%	1.01%	0.87%
C	A	0.77%	2.84%	0.77%
CINF	D	0.11%	0.26%	0.11%
DFS	C	0.22%	0.42%	0.22%
FITB	A	0.16%	0.33%	0.16%
FNF	B	0.1%	0.2%	0.1%
HBAN	A	0.13%	0.24%	0.13%
HST	D	0.11%	0.2%	0.11%
JPM	A	3.9%	6.91%	3.9%
MET	B	0.32%	0.66%	0.32%
MMC	B	0.75%	0.93%	0.75%
MS	A	0.81%	1.07%	0.81%
MTB	B	0.15%	0.34%	0.15%
NTRS	B	0.11%	0.34%	0.11%
PFG	B	0.14%	0.25%	0.14%
PLD	F	0.91%	0.95%	0.91%
PNC	A	0.43%	1.08%	0.43%
RF	B	0.12%	0.25%	0.12%
STT	B	0.16%	0.48%	0.16%
SYF	C	0.12%	0.37%	0.12%
TROW	C	0.17%	0.48%	0.17%
TRV	D	0.38%	0.58%	0.38%
USB	C	0.45%	1.27%	0.45%

PFIX Overweight 79 Positions Relative to FAZ

Symbol	Grade	Weight
AVGO	A	3.86%
XOM	B	3.19%
JNJ	D	2.83%
PG	B	2.82%
CVX	C	2.06%
TM	D	1.97%
NVS	B	1.56%
CSCO	D	1.48%
CMCSA	F	1.29%
QCOM	B	1.27%
VZ	C	1.26%
TXN	A	1.13%
COP	D	1.01%
TD	D	0.83%
LMT	B	0.82%
ETN	A	0.82%
UPS	D	0.81%
ADP	C	0.79%
MDLZ	C	0.76%
CVS	F	0.76%
GILD	F	0.66%
SO	B	0.55%
GD	B	0.46%
HMC	D	0.45%
PSX	D	0.45%
STLA	D	0.43%
NSC	D	0.42%
PCAR	D	0.42%
APD	D	0.37%
VLO	D	0.36%
SRE	A	0.33%
NUE	D	0.32%
OKE	B	0.31%
AEP	B	0.31%
PAYX	B	0.3%
JCI	B	0.29%
LHX	B	0.29%
CMI	B	0.28%
RSG	D	0.28%
GIS	C	0.28%
EXC	C	0.27%
KR	D	0.26%
E	B	0.26%
XEL	D	0.25%
PEG	A	0.23%
FANG	C	0.23%
HSY	C	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	B	0.22%
EIX	A	0.19%
WEC	C	0.18%
DTE	B	0.17%
ES	C	0.15%
GPC	C	0.14%
DRI	F	0.14%
AEE	C	0.14%
ETR	A	0.14%
GRMN	A	0.13%
OMC	A	0.13%
HPE	C	0.13%
CMS	B	0.12%
SWKS	F	0.12%
VTRS	D	0.11%
ATO	C	0.11%
SNA	D	0.1%
CCEP	A	0.1%
PKG	C	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	B	0.09%
EG	D	0.09%
CAG	C	0.09%
NI	A	0.08%
LNT	B	0.08%
MOS	F	0.07%
EVRG	C	0.07%
CHRW	C	0.06%
CPB	C	0.06%

PFIX Underweight 70 Positions Relative to FAZ

Symbol	Grade	Weight
BRK.A	C	-7.22%
V	C	-5.62%
MA	D	-4.6%
WFC	A	-3.0%
PYPL	D	-2.19%
AMT	D	-1.64%
FIS	A	-1.44%
AXP	B	-1.41%
GS	A	-1.27%
TFC	A	-1.21%
CME	D	-1.18%
SPGI	C	-1.17%
CB	B	-1.11%
CCI	D	-0.96%
GPN	F	-0.95%
SCHW	A	-0.89%
ICE	B	-0.85%
EQIX	D	-0.8%
AON	F	-0.79%
COF	B	-0.78%
SPG	C	-0.73%
PGR	C	-0.71%
MCO	B	-0.68%
PRU	A	-0.63%
AFL	A	-0.62%
ALL	D	-0.61%
WELL	A	-0.56%
PSA	C	-0.52%
EQR	B	-0.48%
SBAC	F	-0.45%
WTW	D	-0.42%
DLR	C	-0.41%
O	C	-0.4%
SQ	D	-0.38%
MSCI	F	-0.37%
WY	F	-0.37%
AMP	A	-0.35%
VTR	B	-0.35%
HIG	B	-0.35%
BXP	C	-0.34%
ESS	B	-0.33%
CBRE	C	-0.33%
KEY	B	-0.31%
ARE	C	-0.3%
EFX	C	-0.3%
ACGL	B	-0.28%
TRU	B	-0.28%
CFG	B	-0.28%
AJG	B	-0.28%
INVH	A	-0.26%
MKL	B	-0.26%
BR	C	-0.24%
MAA	C	-0.24%
SUI	F	-0.23%
WPC	C	-0.23%
L	C	-0.22%
UDR	C	-0.22%
MKTX	D	-0.22%
NLY	B	-0.22%
EXR	C	-0.22%
ELS	D	-0.2%
NDAQ	C	-0.2%
ALLY	B	-0.19%
FICO	B	-0.19%
WU	D	-0.19%
VNO	D	-0.19%
LNC	C	-0.19%
RJF	B	-0.19%
MPW	C	-0.18%
JKHY	D	-0.18%