TZA vs. DWSH ETF Comparison

Comparison of Direxion Small Cap Bear 3X Shares (TZA) to AdvisorShares Dorsey Wright Short ETF (DWSH)

TZA

Direxion Small Cap Bear 3X Shares

TZA Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000Â® 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 measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000Â® Index, representing approximately 10% of the total market capitalization of that index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.35

Average Daily Volume

21,848,963

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.17

Average Daily Volume

33,501

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TZA	DWSH
30 Days	-19.75%	-5.91%
60 Days	-10.31%	-1.38%
90 Days	-9.15%	-1.75%
12 Months	-43.28%	-15.24%

3 Overlapping Holdings

Symbol	Grade	Weight in TZA	Weight in DWSH	Overlap
CBRL	F	0.18%	-0.94%	-0.94%
VAC	D	0.25%	-1.25%	-1.25%
VLY	D	0.21%	-1.09%	-1.09%

TZA Overweight 84 Positions Relative to DWSH

Symbol	Grade	Weight
NVCR	C	0.38%
TDOC	F	0.32%
GNRC	C	0.3%
LITE	D	0.28%
AMED	C	0.27%
TREX	D	0.27%
HAE	B	0.27%
ARWR	F	0.25%
POR	C	0.25%
RGEN	D	0.25%
REXR	F	0.25%
PFGC	C	0.25%
SAIC	C	0.25%
FR	F	0.25%
ESNT	C	0.24%
HQY	D	0.24%
CHDN	C	0.24%
RDN	C	0.24%
SLAB	D	0.24%
EGP	F	0.24%
CHGG	F	0.24%
MSA	B	0.23%
EME	B	0.23%
TTEK	A	0.23%
ACAD	F	0.23%
DECK	C	0.23%
CRUS	B	0.23%
BKH	C	0.23%
OGS	C	0.23%
HELE	D	0.22%
BCO	B	0.22%
BXMT	F	0.22%
DAR	D	0.22%
MMS	B	0.22%
FIVN	F	0.21%
FCN	B	0.21%
FFIN	B	0.21%
SR	C	0.2%
KBR	C	0.2%
SBRA	B	0.2%
ACIW	A	0.2%
AXON	D	0.2%
ALE	B	0.2%
STAG	C	0.2%
SF	B	0.2%
BPMC	C	0.19%
RHP	D	0.19%
BLKB	C	0.19%
SIGI	F	0.19%
GMED	B	0.19%
PNM	D	0.19%
MRCY	D	0.19%
AAN	D	0.19%
SWX	A	0.19%
LPX	B	0.18%
TRNO	F	0.18%
RLI	A	0.18%
NWE	C	0.18%
HWC	C	0.18%
TXRH	B	0.18%
THC	B	0.18%
MTZ	C	0.18%
QTWO	A	0.18%
TNDM	B	0.18%
SITE	F	0.18%
VRNT	C	0.18%
NJR	C	0.18%
GBCI	C	0.18%
TGNA	C	0.18%
OMCL	D	0.17%
NHI	B	0.17%
VIAV	F	0.17%
ASGN	C	0.17%
NVRO	F	0.17%
JBT	F	0.17%
SMTC	B	0.17%
DOC	B	0.17%
NEOG	F	0.17%
CBU	C	0.17%
RH	D	0.17%
UBSI	C	0.17%
EXPO	C	0.17%
SSD	F	0.17%
BLD	D	0.17%

TZA Underweight 93 Positions Relative to DWSH

Symbol	Grade	Weight
WHR	F	--0.72%
MOS	F	--0.78%
ZD	F	--0.8%
ILMN	F	--0.84%
VFC	F	--0.85%
OI	F	--0.86%
IART	F	--0.86%
SAGE	F	--0.87%
DG	D	--0.87%
ATUS	F	--0.89%
ADNT	F	--0.89%
BMY	F	--0.9%
PAYC	F	--0.9%
INCY	D	--0.92%
JAZZ	F	--0.93%
ES	C	--0.93%
PODD	C	--0.93%
G	D	--0.93%
NWL	D	--0.94%
TDC	F	--0.94%
HPP	F	--0.94%
PYPL	D	--0.95%
HUM	D	--0.95%
LEG	F	--0.96%
PARA	D	--0.96%
SJM	F	--0.96%
AES	B	--0.97%
WTRG	C	--0.98%
SBAC	F	--0.98%
BIO	F	--0.98%
EXAS	F	--0.99%
NEM	B	--0.99%
TECH	C	--1.0%
UPS	D	--1.0%
MKTX	D	--1.0%
MD	F	--1.0%
PII	F	--1.0%
CHTR	F	--1.01%
FMC	C	--1.02%
CAG	C	--1.02%
XEL	D	--1.02%
APA	F	--1.02%
DXC	F	--1.02%
XRAY	F	--1.02%
NKE	F	--1.02%
VRSN	F	--1.02%
SVC	F	--1.03%
UHAL	C	--1.03%
ON	D	--1.03%
ALNY	D	--1.03%
CPB	C	--1.04%
IPGP	D	--1.04%
NUS	D	--1.04%
UGI	C	--1.05%
APD	C	--1.05%
ICUI	D	--1.05%
WEN	F	--1.05%
MAA	C	--1.05%
BIIB	D	--1.06%
GILD	F	--1.06%
EL	F	--1.07%
CLB	D	--1.07%
PFE	D	--1.08%
WBA	F	--1.08%
TSLA	D	--1.08%
AEE	C	--1.08%
HSY	C	--1.09%
VC	D	--1.09%
DAN	C	--1.1%
WPC	C	--1.1%
CCK	C	--1.1%
WBD	F	--1.1%
CGNX	C	--1.11%
IDA	C	--1.11%
PTEN	F	--1.12%
AAP	D	--1.13%
ALB	D	--1.13%
BA	D	--1.14%
CABO	F	--1.15%
HAIN	D	--1.16%
VSAT	D	--1.16%
AWK	C	--1.17%
HRL	C	--1.17%
ADM	D	--1.18%
CHRW	C	--1.2%
BWA	C	--1.2%
ST	C	--1.21%
SEE	C	--1.22%
NYCB	D	--1.27%
RIG	D	--1.28%
HLF	D	--1.3%
SNAP	C	--1.45%
MPW	C	--1.6%