TYD vs. FAIL ETF Comparison

Comparison of Direxion Daily 10-Yr Treasury Bull 3x Shrs (TYD) to Cambria Global Tail Risk ETF (FAIL)

TYD

Direxion Daily 10-Yr Treasury Bull 3x Shrs

TYD Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE 7-10 Year Treasury Bond Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in U.S. government securities that comprise the NYSE 7-10 Year Treasury Bond Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a multi-security index that includes all qualified U.S. Treasury bonds. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.46

Average Daily Volume

77,000

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FAIL

Cambria Global Tail Risk ETF

FAIL Description

The Cambria Tail Risk ETF seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of "out of the money" put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high. While a portion of the fund's assets will be invested in the basket of long put option premiums, the majority of fund assets will be invested in intermediate term US Treasuries. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in the most years with rising markets or declining volatility.

Grade (RS Rating)

Last Trade

$16.39

Average Daily Volume

744

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TYD	FAIL
30 Days	-4.19%	-0.97%
60 Days	-14.05%	-2.96%
90 Days	-12.49%	-2.64%
12 Months	-0.03%	-8.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in TYD	Weight in FAIL	Overlap
	IEF	F	58.27%	24.07%	24.07%

TYD Overweight 0 Positions Relative to FAIL

	Symbol	Grade	Weight

TYD Underweight 0 Positions Relative to FAIL

	Symbol	Grade	Weight

TYD: Top Represented Industries & Keywords

Industries:

Keywords: Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market ETF Exchange Traded Fund Government Bonds U.S. Government U.S. Treasury

FAIL: Top Represented Industries & Keywords

Industries:

Keywords: Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market ETF Exchange Traded Fund Government Bonds U.S. Government U.S. Treasury