SPXL vs. CFA ETF Comparison

Comparison of Direxion Daily S&P 500 Bull 3X Shares (SPXL) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

SPXL

Direxion Daily S&P 500 Bull 3X Shares

SPXL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P 500® Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the S&P 500® Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$178.74

Average Daily Volume

3,068,713

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.25

Average Daily Volume

9,545

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	SPXL	CFA
30 Days	7.81%	4.63%
60 Days	11.28%	5.67%
90 Days	15.17%	8.16%
12 Months	96.68%	29.52%

406 Overlapping Holdings

	Symbol	Grade	Weight in SPXL	Weight in CFA	Overlap
	A	D	0.05%	0.16%	0.05%
	AAPL	C	4.54%	0.2%	0.2%
	ABBV	D	0.39%	0.2%	0.2%
	ABNB	C	0.08%	0.16%	0.08%
	ABT	B	0.26%	0.27%	0.26%
	ACGL	D	0.05%	0.2%	0.05%
	ACN	C	0.3%	0.2%	0.2%
	ADBE	C	0.31%	0.11%	0.11%
	ADI	D	0.14%	0.13%	0.13%
	ADM	D	0.03%	0.11%	0.03%
	ADP	B	0.16%	0.35%	0.16%
	ADSK	A	0.09%	0.2%	0.09%
	AEE	A	0.03%	0.26%	0.03%
	AEP	D	0.07%	0.23%	0.07%
	AES	F	0.01%	0.1%	0.01%
	AFL	B	0.07%	0.23%	0.07%
	AIG	B	0.06%	0.23%	0.06%
	AJG	B	0.08%	0.25%	0.08%
	AKAM	D	0.02%	0.15%	0.02%
	ALGN	D	0.02%	0.12%	0.02%
	ALL	A	0.07%	0.24%	0.07%
	ALLE	D	0.02%	0.21%	0.02%
	AMAT	F	0.2%	0.1%	0.1%
	AMD	F	0.29%	0.09%	0.09%
	AME	A	0.06%	0.25%	0.06%
	AMGN	D	0.21%	0.15%	0.15%
	AMP	A	0.07%	0.32%	0.07%
	AMZN	C	2.58%	0.2%	0.2%
	ANET	C	0.13%	0.12%	0.12%
	AON	A	0.11%	0.23%	0.11%
	AOS	F	0.01%	0.17%	0.01%
	APD	A	0.09%	0.19%	0.09%
	APH	A	0.11%	0.2%	0.11%
	APTV	D	0.02%	0.09%	0.02%
	ATO	A	0.03%	0.35%	0.03%
	AVGO	D	1.04%	0.1%	0.1%
	AVY	D	0.02%	0.25%	0.02%
	AWK	D	0.03%	0.22%	0.03%
	AXON	A	0.06%	0.22%	0.06%
	AXP	A	0.21%	0.23%	0.21%
	AZO	C	0.07%	0.22%	0.07%
	BAC	A	0.41%	0.24%	0.24%
	BBY	D	0.02%	0.12%	0.02%
	BDX	F	0.09%	0.24%	0.09%
	BG	F	0.02%	0.17%	0.02%
	BIIB	F	0.03%	0.13%	0.03%
	BK	A	0.07%	0.31%	0.07%
	BKNG	A	0.22%	0.22%	0.22%
	BKR	B	0.06%	0.23%	0.06%
	BLDR	D	0.03%	0.1%	0.03%
	BLK	C	0.19%	0.29%	0.19%
	BR	A	0.03%	0.26%	0.03%
	BRK.A	B	1.12%	0.35%	0.35%
	BRO	B	0.03%	0.26%	0.03%
	BSX	B	0.17%	0.3%	0.17%
	BX	A	0.17%	0.2%	0.17%
	C	A	0.17%	0.21%	0.17%
	CAG	D	0.02%	0.19%	0.02%
	CAH	B	0.04%	0.23%	0.04%
	CARR	D	0.08%	0.16%	0.08%
	CAT	B	0.25%	0.2%	0.2%
	CB	C	0.14%	0.28%	0.14%
	CBOE	B	0.03%	0.23%	0.03%
	CBRE	B	0.05%	0.19%	0.05%
	CDNS	B	0.11%	0.16%	0.11%
	CDW	F	0.03%	0.15%	0.03%
	CE	F	0.01%	0.1%	0.01%
	CEG	D	0.09%	0.12%	0.09%
	CF	B	0.02%	0.18%	0.02%
	CFG	B	0.03%	0.17%	0.03%
	CHD	B	0.03%	0.32%	0.03%
	CHRW	C	0.02%	0.15%	0.02%
	CHTR	C	0.05%	0.13%	0.05%
	CI	F	0.12%	0.22%	0.12%
	CINF	A	0.03%	0.25%	0.03%
	CL	D	0.1%	0.29%	0.1%
	CLX	B	0.03%	0.23%	0.03%
	CMCSA	B	0.22%	0.24%	0.22%
	CME	A	0.11%	0.28%	0.11%
	CMG	B	0.11%	0.17%	0.11%
	CMI	A	0.07%	0.23%	0.07%
	CMS	C	0.03%	0.27%	0.03%
	CNC	D	0.04%	0.14%	0.04%
	CNP	B	0.03%	0.25%	0.03%
	COF	B	0.09%	0.23%	0.09%
	COP	C	0.17%	0.24%	0.17%
	COR	B	0.06%	0.28%	0.06%
	COST	B	0.54%	0.24%	0.24%
	CPAY	A	0.03%	0.21%	0.03%
	CPB	D	0.01%	0.2%	0.01%
	CPRT	A	0.07%	0.27%	0.07%
	CRM	B	0.42%	0.17%	0.17%
	CRWD	B	0.1%	0.12%	0.1%
	CSCO	B	0.31%	0.29%	0.29%
	CSGP	D	0.04%	0.16%	0.04%
	CSX	B	0.09%	0.28%	0.09%
	CTAS	B	0.1%	0.26%	0.1%
	CTRA	B	0.02%	0.23%	0.02%
	CTSH	B	0.05%	0.23%	0.05%
	CTVA	C	0.05%	0.15%	0.05%
	CVS	D	0.09%	0.14%	0.09%
	CVX	A	0.36%	0.27%	0.27%
	D	C	0.06%	0.21%	0.06%
	DAL	C	0.05%	0.22%	0.05%
	DD	D	0.05%	0.17%	0.05%
	DE	A	0.13%	0.21%	0.13%
	DECK	A	0.04%	0.13%	0.04%
	DELL	C	0.05%	0.09%	0.05%
	DG	F	0.02%	0.09%	0.02%
	DGX	A	0.02%	0.24%	0.02%
	DHI	D	0.06%	0.12%	0.06%
	DHR	F	0.2%	0.18%	0.18%
	DIS	B	0.26%	0.22%	0.22%
	DOV	A	0.04%	0.25%	0.04%
	DOW	F	0.04%	0.2%	0.04%
	DPZ	C	0.02%	0.17%	0.02%
	DRI	B	0.03%	0.23%	0.03%
	DTE	C	0.03%	0.24%	0.03%
	DUK	C	0.11%	0.3%	0.11%
	DVA	B	0.01%	0.18%	0.01%
	DVN	F	0.03%	0.17%	0.03%
	DXCM	D	0.04%	0.08%	0.04%
	EA	A	0.05%	0.29%	0.05%
	EBAY	D	0.04%	0.2%	0.04%
	ECL	D	0.08%	0.23%	0.08%
	ED	D	0.04%	0.26%	0.04%
	EFX	F	0.04%	0.13%	0.04%
	EG	C	0.02%	0.19%	0.02%
	EIX	B	0.04%	0.24%	0.04%
	EL	F	0.02%	0.09%	0.02%
	ELV	F	0.12%	0.17%	0.12%
	EMN	D	0.02%	0.22%	0.02%
	EMR	A	0.1%	0.23%	0.1%
	ENPH	F	0.01%	0.04%	0.01%
	EOG	A	0.1%	0.23%	0.1%
	EPAM	C	0.02%	0.12%	0.02%
	EQT	B	0.03%	0.2%	0.03%
	ERIE	D	0.01%	0.15%	0.01%
	ETN	A	0.19%	0.19%	0.19%
	ETR	B	0.04%	0.32%	0.04%
	EVRG	A	0.02%	0.29%	0.02%
	EW	C	0.05%	0.1%	0.05%
	EXC	C	0.05%	0.22%	0.05%
	EXPD	D	0.02%	0.22%	0.02%
	EXPE	B	0.03%	0.15%	0.03%
	F	C	0.06%	0.12%	0.06%
	FANG	D	0.04%	0.17%	0.04%
	FAST	B	0.06%	0.26%	0.06%
	FCX	D	0.08%	0.13%	0.08%
	FDS	B	0.02%	0.25%	0.02%
	FDX	B	0.09%	0.15%	0.09%
	FE	C	0.03%	0.27%	0.03%
	FFIV	B	0.02%	0.21%	0.02%
	FI	A	0.16%	0.34%	0.16%
	FICO	B	0.07%	0.2%	0.07%
	FIS	C	0.06%	0.22%	0.06%
	FITB	A	0.04%	0.19%	0.04%
	FOXA	B	0.01%	0.25%	0.01%
	FSLR	F	0.03%	0.08%	0.03%
	FTNT	C	0.08%	0.14%	0.08%
	FTV	C	0.03%	0.21%	0.03%
	GD	F	0.1%	0.29%	0.1%
	GDDY	A	0.03%	0.24%	0.03%
	GE	D	0.25%	0.17%	0.17%
	GEHC	F	0.05%	0.15%	0.05%
	GEN	B	0.02%	0.17%	0.02%
	GEV	B	0.12%	0.15%	0.12%
	GILD	C	0.15%	0.21%	0.15%
	GIS	D	0.05%	0.21%	0.05%
	GLW	B	0.05%	0.19%	0.05%
	GM	B	0.08%	0.19%	0.08%
	GOOGL	C	1.35%	0.19%	0.19%
	GPC	D	0.02%	0.17%	0.02%
	GPN	B	0.04%	0.17%	0.04%
	GRMN	B	0.04%	0.21%	0.04%
	GS	A	0.24%	0.24%	0.24%
	GWW	B	0.07%	0.27%	0.07%
	HAL	C	0.03%	0.18%	0.03%
	HBAN	A	0.03%	0.21%	0.03%
	HCA	F	0.08%	0.17%	0.08%
	HD	A	0.53%	0.25%	0.25%
	HIG	B	0.04%	0.25%	0.04%
	HII	D	0.01%	0.15%	0.01%
	HLT	A	0.08%	0.29%	0.08%
	HOLX	D	0.02%	0.29%	0.02%
	HON	B	0.2%	0.33%	0.2%
	HPE	B	0.04%	0.15%	0.04%
	HPQ	B	0.05%	0.15%	0.05%
	HRL	D	0.01%	0.15%	0.01%
	HSY	F	0.03%	0.19%	0.03%
	HUBB	B	0.03%	0.18%	0.03%
	HUM	C	0.04%	0.1%	0.04%
	HWM	A	0.06%	0.16%	0.06%
	IBM	C	0.25%	0.21%	0.21%
	ICE	C	0.12%	0.3%	0.12%
	IDXX	F	0.05%	0.16%	0.05%
	IEX	B	0.02%	0.27%	0.02%
	INCY	C	0.02%	0.22%	0.02%
	INTC	D	0.14%	0.1%	0.1%
	INTU	C	0.26%	0.18%	0.18%
	IP	B	0.03%	0.19%	0.03%
	IPG	D	0.01%	0.19%	0.01%
	IQV	D	0.05%	0.12%	0.05%
	IR	B	0.05%	0.2%	0.05%
	ISRG	A	0.25%	0.19%	0.19%
	IT	C	0.05%	0.21%	0.05%
	ITW	B	0.1%	0.33%	0.1%
	J	F	0.02%	0.23%	0.02%
	JBHT	C	0.02%	0.18%	0.02%
	JBL	B	0.02%	0.13%	0.02%
	JCI	C	0.07%	0.21%	0.07%
	JKHY	D	0.02%	0.25%	0.02%
	JNJ	D	0.48%	0.28%	0.28%
	JPM	A	0.9%	0.26%	0.26%
	KDP	D	0.05%	0.24%	0.05%
	KEY	B	0.02%	0.16%	0.02%
	KEYS	A	0.04%	0.14%	0.04%
	KHC	F	0.04%	0.2%	0.04%
	KKR	A	0.13%	0.18%	0.13%
	KLAC	D	0.11%	0.09%	0.09%
	KMB	D	0.06%	0.23%	0.06%
	KMI	A	0.07%	0.37%	0.07%
	KMX	B	0.02%	0.12%	0.02%
	KO	D	0.32%	0.33%	0.32%
	KR	B	0.05%	0.24%	0.05%
	KVUE	A	0.06%	0.18%	0.06%
	L	A	0.02%	0.33%	0.02%
	LDOS	C	0.03%	0.26%	0.03%
	LEN	D	0.05%	0.14%	0.05%
	LH	C	0.03%	0.22%	0.03%
	LHX	C	0.06%	0.28%	0.06%
	LIN	D	0.29%	0.3%	0.29%
	LLY	F	0.81%	0.12%	0.12%
	LMT	D	0.15%	0.3%	0.15%
	LNT	A	0.02%	0.27%	0.02%
	LOW	D	0.2%	0.22%	0.2%
	LRCX	F	0.13%	0.1%	0.1%
	LUV	C	0.03%	0.13%	0.03%
	LVS	C	0.02%	0.21%	0.02%
	LYB	F	0.03%	0.22%	0.03%
	LYV	A	0.03%	0.23%	0.03%
	MA	C	0.56%	0.32%	0.32%
	MAR	B	0.09%	0.27%	0.09%
	MAS	D	0.02%	0.17%	0.02%
	MCD	D	0.28%	0.26%	0.26%
	MCHP	D	0.05%	0.1%	0.05%
	MCK	B	0.1%	0.24%	0.1%
	MCO	B	0.1%	0.23%	0.1%
	MDLZ	F	0.11%	0.24%	0.11%
	MDT	D	0.14%	0.25%	0.14%
	MET	A	0.06%	0.26%	0.06%
	META	D	1.65%	0.13%	0.13%
	MGM	D	0.01%	0.14%	0.01%
	MKC	D	0.02%	0.18%	0.02%
	MLM	B	0.05%	0.22%	0.05%
	MMC	B	0.14%	0.3%	0.14%
	MMM	D	0.1%	0.12%	0.1%
	MNST	C	0.05%	0.23%	0.05%
	MO	A	0.12%	0.27%	0.12%
	MOH	F	0.02%	0.13%	0.02%
	MPC	D	0.07%	0.15%	0.07%
	MPWR	F	0.04%	0.06%	0.04%
	MRK	F	0.33%	0.18%	0.18%
	MS	A	0.22%	0.26%	0.22%
	MSCI	C	0.06%	0.16%	0.06%
	MSFT	F	4.15%	0.24%	0.24%
	MSI	B	0.11%	0.31%	0.11%
	MTB	A	0.05%	0.22%	0.05%
	MTD	D	0.03%	0.11%	0.03%
	NDAQ	A	0.04%	0.26%	0.04%
	NDSN	B	0.02%	0.21%	0.02%
	NEE	D	0.2%	0.17%	0.17%
	NFLX	A	0.47%	0.19%	0.19%
	NI	A	0.02%	0.32%	0.02%
	NKE	D	0.12%	0.12%	0.12%
	NOC	D	0.09%	0.23%	0.09%
	NOW	A	0.28%	0.15%	0.15%
	NRG	B	0.02%	0.15%	0.02%
	NSC	B	0.08%	0.18%	0.08%
	NTAP	C	0.03%	0.14%	0.03%
	NTRS	A	0.03%	0.24%	0.03%
	NUE	C	0.05%	0.17%	0.05%
	NVDA	C	4.72%	0.1%	0.1%
	NVR	D	0.04%	0.19%	0.04%
	NWSA	B	0.01%	0.22%	0.01%
	NXPI	D	0.07%	0.11%	0.07%
	ODFL	B	0.06%	0.17%	0.06%
	OKE	A	0.08%	0.32%	0.08%
	OMC	C	0.03%	0.22%	0.03%
	ON	D	0.04%	0.08%	0.04%
	ORCL	B	0.39%	0.2%	0.2%
	ORLY	B	0.09%	0.26%	0.09%
	OTIS	C	0.05%	0.28%	0.05%
	OXY	D	0.04%	0.2%	0.04%
	PANW	C	0.17%	0.11%	0.11%
	PAYX	C	0.06%	0.27%	0.06%
	PCAR	B	0.08%	0.22%	0.08%
	PCG	A	0.06%	0.27%	0.06%
	PEG	A	0.06%	0.3%	0.06%
	PEP	F	0.3%	0.25%	0.25%
	PFG	D	0.02%	0.26%	0.02%
	PG	A	0.51%	0.31%	0.31%
	PGR	A	0.2%	0.23%	0.2%
	PH	A	0.12%	0.2%	0.12%
	PHM	D	0.04%	0.15%	0.04%
	PKG	A	0.03%	0.29%	0.03%
	PLTR	B	0.16%	0.15%	0.15%
	PM	B	0.26%	0.31%	0.26%
	PNC	B	0.11%	0.21%	0.11%
	PODD	C	0.02%	0.15%	0.02%
	POOL	C	0.02%	0.15%	0.02%
	PPG	F	0.04%	0.26%	0.04%
	PPL	B	0.03%	0.31%	0.03%
	PRU	A	0.06%	0.22%	0.06%
	PSX	C	0.07%	0.18%	0.07%
	PTC	A	0.03%	0.24%	0.03%
	PWR	A	0.06%	0.17%	0.06%
	PYPL	B	0.11%	0.16%	0.11%
	QCOM	F	0.24%	0.11%	0.11%
	RCL	A	0.07%	0.19%	0.07%
	REGN	F	0.11%	0.18%	0.11%
	RF	A	0.03%	0.2%	0.03%
	RJF	A	0.04%	0.3%	0.04%
	RMD	C	0.04%	0.11%	0.04%
	ROK	B	0.04%	0.14%	0.04%
	ROL	B	0.02%	0.22%	0.02%
	ROP	B	0.08%	0.26%	0.08%
	ROST	C	0.06%	0.22%	0.06%
	RSG	A	0.06%	0.34%	0.06%
	RTX	C	0.21%	0.26%	0.21%
	RVTY	F	0.02%	0.14%	0.02%
	SBUX	A	0.15%	0.12%	0.12%
	SCHW	B	0.16%	0.22%	0.16%
	SHW	A	0.12%	0.23%	0.12%
	SJM	D	0.02%	0.2%	0.02%
	SLB	C	0.08%	0.18%	0.08%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.02%	0.26%	0.02%
	SNPS	B	0.11%	0.14%	0.11%
	SO	D	0.12%	0.28%	0.12%
	SOLV	C	0.01%	0.13%	0.01%
	SPGI	C	0.21%	0.29%	0.21%
	SRE	A	0.07%	0.3%	0.07%
	STE	F	0.03%	0.2%	0.03%
	STLD	B	0.03%	0.2%	0.03%
	STT	A	0.04%	0.24%	0.04%
	STX	D	0.03%	0.15%	0.03%
	STZ	D	0.05%	0.24%	0.05%
	SWKS	F	0.02%	0.1%	0.02%
	SYF	B	0.03%	0.2%	0.03%
	SYK	C	0.17%	0.26%	0.17%
	SYY	B	0.05%	0.23%	0.05%
	T	A	0.21%	0.28%	0.21%
	TAP	C	0.01%	0.23%	0.01%
	TDG	D	0.09%	0.2%	0.09%
	TDY	B	0.03%	0.22%	0.03%
	TECH	D	0.01%	0.11%	0.01%
	TER	D	0.02%	0.08%	0.02%
	TFX	F	0.01%	0.14%	0.01%
	TGT	F	0.09%	0.15%	0.09%
	TJX	A	0.18%	0.27%	0.18%
	TMO	F	0.27%	0.19%	0.19%
	TMUS	B	0.15%	0.42%	0.15%
	TRGP	B	0.05%	0.32%	0.05%
	TRMB	B	0.02%	0.23%	0.02%
	TROW	B	0.03%	0.22%	0.03%
	TRV	B	0.08%	0.25%	0.08%
	TSCO	D	0.04%	0.2%	0.04%
	TSLA	B	1.13%	0.13%	0.13%
	TT	A	0.12%	0.23%	0.12%
	TXN	C	0.25%	0.17%	0.17%
	TXT	D	0.02%	0.19%	0.02%
	TYL	B	0.03%	0.2%	0.03%
	UAL	A	0.04%	0.22%	0.04%
	UBER	D	0.2%	0.12%	0.12%
	UHS	D	0.02%	0.15%	0.02%
	ULTA	F	0.02%	0.14%	0.02%
	UNH	C	0.72%	0.19%	0.19%
	UNP	C	0.19%	0.25%	0.19%
	UPS	C	0.13%	0.18%	0.13%
	URI	B	0.07%	0.14%	0.07%
	USB	A	0.1%	0.19%	0.1%
	V	A	0.67%	0.35%	0.35%
	VLO	C	0.06%	0.16%	0.06%
	VLTO	D	0.03%	0.2%	0.03%
	VMC	B	0.05%	0.23%	0.05%
	VRSK	A	0.05%	0.24%	0.05%
	VRSN	F	0.02%	0.25%	0.02%
	VST	B	0.06%	0.16%	0.06%
	VZ	C	0.23%	0.23%	0.23%
	WAB	B	0.05%	0.26%	0.05%
	WAT	B	0.03%	0.16%	0.03%
	WEC	A	0.04%	0.26%	0.04%
	WFC	A	0.32%	0.24%	0.24%
	WM	A	0.11%	0.27%	0.11%
	WMB	A	0.09%	0.33%	0.09%
	WMT	A	0.48%	0.29%	0.29%
	WRB	A	0.02%	0.22%	0.02%
	WST	C	0.03%	0.13%	0.03%
	XEL	A	0.05%	0.23%	0.05%
	XOM	B	0.7%	0.26%	0.26%
	XYL	D	0.04%	0.21%	0.04%
	YUM	B	0.05%	0.29%	0.05%
	ZBH	C	0.03%	0.24%	0.03%
	ZBRA	B	0.03%	0.15%	0.03%
	ZTS	D	0.1%	0.17%	0.1%

SPXL Overweight 93 Positions Relative to CFA

	Symbol	Grade	Weight
	GOOG	C	1.11%
	PFE	D	0.19%
	BMY	B	0.16%
	VRTX	F	0.16%
	PLD	D	0.14%
	MU	D	0.14%
	BA	F	0.13%
	AMT	D	0.12%
	EQIX	A	0.11%
	WELL	A	0.1%
	TFC	A	0.08%
	PSA	D	0.07%
	SPG	B	0.07%
	DLR	B	0.07%
	DFS	B	0.06%
	CCI	D	0.06%
	NEM	D	0.06%
	O	D	0.06%
	EXR	D	0.05%
	LULU	C	0.05%
	HES	B	0.05%
	TTWO	A	0.04%
	ANSS	B	0.04%
	WTW	B	0.04%
	AVB	B	0.04%
	VICI	C	0.04%
	IRM	D	0.04%
	ESS	B	0.03%
	WDC	D	0.03%
	K	A	0.03%
	ES	D	0.03%
	WBD	C	0.03%
	WY	D	0.03%
	IFF	D	0.03%
	SBAC	D	0.03%
	CCL	B	0.03%
	SW	A	0.03%
	EQR	B	0.03%
	VTR	C	0.03%
	BXP	D	0.02%
	LW	C	0.02%
	NCLH	B	0.02%
	ALB	C	0.02%
	REG	B	0.02%
	DAY	B	0.02%
	HST	C	0.02%
	JNPR	F	0.02%
	CPT	B	0.02%
	SWK	D	0.02%
	DLTR	F	0.02%
	TPR	B	0.02%
	UDR	B	0.02%
	MRNA	F	0.02%
	AMCR	D	0.02%
	DOC	D	0.02%
	VTRS	A	0.02%
	MRO	B	0.02%
	BAX	D	0.02%
	KIM	A	0.02%
	ARE	D	0.02%
	PNR	A	0.02%
	TSN	B	0.02%
	MAA	B	0.02%
	BALL	D	0.02%
	INVH	D	0.02%
	FOX	A	0.01%
	QRVO	F	0.01%
	WBA	F	0.01%
	BEN	C	0.01%
	PARA	C	0.01%
	FMC	D	0.01%
	MHK	D	0.01%
	BWA	D	0.01%
	IVZ	B	0.01%
	MTCH	D	0.01%
	HAS	D	0.01%
	APA	D	0.01%
	MOS	F	0.01%
	HSIC	B	0.01%
	CZR	F	0.01%
	RL	B	0.01%
	FRT	B	0.01%
	WYNN	D	0.01%
	GL	B	0.01%
	MKTX	D	0.01%
	LKQ	D	0.01%
	CRL	C	0.01%
	PNW	B	0.01%
	CTLT	B	0.01%
	PAYC	B	0.01%
	AIZ	A	0.01%
	GNRC	B	0.01%
	NWS	B	0.0%

SPXL Underweight 89 Positions Relative to CFA

	Symbol	Grade	Weight
	LNG	B	-0.3%
	IBKR	A	-0.28%
	GGG	B	-0.27%
	RPM	A	-0.26%
	CW	B	-0.26%
	AFG	A	-0.26%
	APP	B	-0.25%
	SCI	B	-0.25%
	SSNC	B	-0.25%
	MKL	A	-0.25%
	HEI	B	-0.24%
	JEF	A	-0.24%
	TW	A	-0.24%
	TXRH	C	-0.23%
	EQH	B	-0.23%
	ACM	A	-0.23%
	MORN	B	-0.23%
	RNR	C	-0.22%
	RGA	A	-0.22%
	USFD	A	-0.22%
	APO	B	-0.22%
	LPLA	A	-0.21%
	EWBC	A	-0.21%
	PFGC	B	-0.21%
	EME	C	-0.2%
	FNF	B	-0.2%
	OWL	A	-0.2%
	ARES	A	-0.2%
	ITT	A	-0.2%
	TPL	A	-0.19%
	CSL	C	-0.19%
	WSO	A	-0.19%
	WMG	C	-0.19%
	CLH	B	-0.19%
	RS	B	-0.19%
	LII	A	-0.18%
	CASY	A	-0.18%
	OVV	B	-0.18%
	OC	A	-0.18%
	RYAN	B	-0.18%
	H	B	-0.18%
	TTEK	F	-0.17%
	CRBG	B	-0.17%
	DOCU	A	-0.17%
	ZM	B	-0.17%
	PR	B	-0.17%
	FCNCA	A	-0.17%
	PAG	B	-0.17%
	UTHR	C	-0.16%
	VEEV	C	-0.16%
	WLK	D	-0.15%
	JLL	D	-0.15%
	MANH	D	-0.15%
	DT	C	-0.15%
	BAH	F	-0.15%
	FIX	A	-0.14%
	CPNG	D	-0.14%
	DDOG	A	-0.14%
	BSY	D	-0.14%
	XPO	B	-0.14%
	WDAY	B	-0.14%
	UHAL	D	-0.14%
	HOOD	B	-0.14%
	VRT	B	-0.13%
	BURL	A	-0.13%
	THC	D	-0.13%
	TOL	B	-0.13%
	SQ	B	-0.13%
	TTD	B	-0.12%
	BMRN	D	-0.12%
	ALLY	C	-0.12%
	NBIX	C	-0.12%
	COKE	C	-0.12%
	COIN	C	-0.11%
	WMS	D	-0.11%
	FND	C	-0.11%
	WING	D	-0.11%
	AVTR	F	-0.11%
	DKS	C	-0.1%
	ENTG	D	-0.1%
	BLD	D	-0.1%
	WSM	B	-0.1%
	KNSL	B	-0.1%
	PINS	D	-0.1%
	CVNA	B	-0.09%
	PSTG	D	-0.09%
	CHWY	B	-0.08%
	SRPT	D	-0.07%
	RKT	F	-0.06%

SPXL: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

CFA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Aerospace & Defense Banks - Regional - US Oil & Gas E&P Medical Devices Restaurants Software - Infrastructure Specialty Chemicals Biotechnology Drug Manufacturers - Major Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Dow Jones Component Electricity Electronics Aerospace Medicine Bank Chemical Semiconductor Banking Insurance Products Telecommunications Cloud Computing IBD 50 Investment Bank Mining