SMHB vs. WFH ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Direxion Work From Home ETF (WFH)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

90

* may have additional holdings in another (foreign) market

WFH

Direxion Work From Home ETF

WFH Description

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

Grade (RS Rating)

Last Trade

$64.21

Average Daily Volume

995

Number of Holdings ^*

40

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	WFH
30 Days	-9.80%	6.83%
60 Days	-10.51%	11.21%
90 Days	-1.80%	12.83%
12 Months	14.54%	29.14%

1 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in WFH	Overlap
	XRX	F	4.09%	1.66%	1.66%

SMHB Overweight 89 Positions Relative to WFH

	Symbol	Grade	Weight
	SLG	B	4.87%
	DTM	A	3.81%
	BXMT	C	3.43%
	DSS	F	2.87%
	TWO	F	2.87%
	CIM	D	2.62%
	BDN	C	2.41%
	BGS	F	2.41%
	SBRA	C	2.38%
	EPR	C	2.34%
	ABR	C	2.21%
	APAM	B	2.02%
	PAGP	A	1.88%
	UNIT	B	1.86%
	UWMC	D	1.84%
	ARR	D	1.65%
	NHI	D	1.64%
	ORC	B	1.51%
	CCOI	B	1.51%
	PSEC	D	1.47%
	IVR	F	1.43%
	DEA	D	1.35%
	PMT	C	1.35%
	MFA	D	1.27%
	RWT	D	1.24%
	CTRE	C	1.16%
	PETS	C	1.13%
	MAIN	A	1.09%
	HTGC	D	1.03%
	ARI	C	1.02%
	GNL	F	1.01%
	FCPT	C	1.0%
	EFC	C	1.0%
	PDM	D	0.99%
	GSBD	F	0.94%
	NEWT	C	0.94%
	NYMT	C	0.93%
	LTC	B	0.91%
	DX	B	0.89%
	KREF	C	0.8%
	VGR	B	0.79%
	NWBI	B	0.77%
	GBDC	D	0.73%
	CODI	B	0.72%
	VNOM	A	0.65%
	SCS	C	0.65%
	RC	D	0.65%
	ACRE	B	0.64%
	LADR	B	0.62%
	TSLX	C	0.62%
	HESM	B	0.59%
	UVV	B	0.54%
	OCSL	F	0.54%
	AROC	A	0.53%
	GMRE	F	0.5%
	ILPT	F	0.49%
	BRSP	C	0.49%
	WSR	A	0.46%
	ALX	D	0.45%
	GTY	A	0.44%
	OPI	F	0.4%
	RMR	F	0.38%
	NMFC	D	0.38%
	UHT	D	0.36%
	GPMT	C	0.34%
	CSWC	D	0.34%
	GOOD	B	0.33%
	FSP	B	0.29%
	TRTX	C	0.29%
	TCPC	C	0.27%
	AHH	D	0.27%
	CGBD	C	0.25%
	BCSF	C	0.24%
	TPVG	B	0.23%
	PFLT	D	0.23%
	SLRC	A	0.23%
	UVE	B	0.22%
	BBDC	A	0.22%
	KRO	C	0.2%
	EBF	F	0.18%
	GAIN	B	0.17%
	PNNT	C	0.16%
	OLP	B	0.16%
	FDUS	A	0.16%
	GLAD	B	0.15%
	BFS	C	0.14%
	TRIN	A	0.12%
	CCAP	A	0.1%
	REPX	A	0.07%

SMHB Underweight 39 Positions Relative to WFH

	Symbol	Grade	Weight
	TEAM	A	-3.32%
	HUBS	A	-3.04%
	DOCU	B	-3.02%
	CRM	B	-2.89%
	ZS	B	-2.86%
	CRWD	B	-2.86%
	ORCL	A	-2.86%
	PEGA	B	-2.81%
	ATUS	B	-2.76%
	MRVL	B	-2.76%
	RNG	C	-2.72%
	NOW	A	-2.68%
	FTNT	C	-2.65%
	AMZN	C	-2.63%
	DDOG	A	-2.61%
	ZM	C	-2.61%
	S	B	-2.55%
	NET	B	-2.54%
	SMAR	A	-2.54%
	CSCO	B	-2.51%
	PANW	B	-2.46%
	META	D	-2.43%
	GOOGL	C	-2.42%
	AVGO	D	-2.38%
	MOMO	D	-2.34%
	CYBR	A	-2.34%
	NTCT	C	-2.32%
	DOCN	C	-2.3%
	YY	B	-2.29%
	WDAY	B	-2.26%
	BOX	B	-2.25%
	MSFT	D	-2.25%
	IBM	C	-2.21%
	OKTA	C	-2.2%
	SNX	D	-2.16%
	NTAP	C	-2.14%
	VZ	C	-2.12%
	VRNS	D	-2.04%
	ADBE	C	-1.98%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers

Keywords: Real Estate Investment Trust Private Equity Mortgage Loan Structured Finance Business Development Mortgage Backed Security Loan Mezzanine Capital Debt Real Estate Properties Residential Mortgage Backed Security Senior Debt Venture Capital Credit Real Estate Finance Real Estate Mortgage Investment Conduit Refinancing Subordinated Debt Banking Business Development Company

WFH: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Internet Content & Information Telecom Services Information Technology Services Semiconductors Business Services Communication Equipment Data Storage Specialty Retail

Keywords: Computing Nasdaq 100 S&P 500 Work From Home Cloud Computing Software As A Service Telecommunications Software Cloud Infrastructure Computer Security Cybersecurity Dow Jones Component Information Technology Management Mobile Devices Systems Integrator Operating System Software Development Business Process Management CRM Cloud Applications