TZA vs. FDL ETF Comparison

Comparison of Direxion Small Cap Bear 3X Shares (TZA) to First Trust Morningstar ETF (FDL)

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

$18.32

Average Daily Volume

22,100,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.46

Average Daily Volume

720,398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TZA	FDL
30 Days	-4.73%	2.53%
60 Days	0.50%	3.41%
90 Days	-8.70%	7.98%
12 Months	-44.29%	18.92%

8 Overlapping Holdings

Symbol	Grade	Weight in TZA	Weight in FDL	Overlap
ALE	B	0.2%	0.14%	0.14%
BKH	B	0.23%	0.15%	0.15%
GBCI	C	0.18%	0.11%	0.11%
NWE	B	0.18%	0.12%	0.12%
SR	B	0.2%	0.13%	0.13%
SWX	A	0.19%	0.11%	0.11%
UBSI	D	0.17%	0.15%	0.15%
VLY	F	0.21%	0.14%	0.14%

TZA Overweight 79 Positions Relative to FDL

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

TZA Underweight 82 Positions Relative to FDL

Symbol	Grade	Weight
CVX	B	-10.27%
VZ	D	-8.59%
PFE	D	-7.66%
ABBV	D	-7.53%
PM	A	-6.75%
MO	A	-5.75%
IBM	D	-4.08%
C	A	-3.43%
MMM	B	-2.7%
DUK	A	-2.67%
SO	A	-2.58%
USB	D	-2.29%
TFC	B	-2.27%
PNC	B	-2.0%
WMB	A	-1.82%
OKE	B	-1.82%
F	D	-1.8%
DVN	B	-1.7%
PRU	A	-1.55%
PSX	D	-1.4%
LYB	C	-1.03%
EIX	A	-1.01%
MET	C	-1.0%
IFF	A	-0.81%
ETR	A	-0.8%
TROW	D	-0.8%
FITB	A	-0.74%
RF	B	-0.71%
MTB	A	-0.71%
HBAN	A	-0.69%
FE	A	-0.69%
CFG	A	-0.62%
KEY	C	-0.6%
NTRS	C	-0.51%
BBY	D	-0.5%
EVRG	B	-0.47%
WBA	F	-0.46%
FNF	B	-0.38%
NRG	B	-0.35%
PNW	B	-0.34%
HAS	B	-0.34%
EMN	A	-0.34%
PKG	D	-0.32%
CMA	B	-0.31%
ALLY	B	-0.28%
OGE	A	-0.28%
WHR	F	-0.27%
FHN	A	-0.27%
LNC	C	-0.26%
WU	C	-0.26%
UGI	B	-0.25%
DINO	D	-0.24%
COLB	C	-0.24%
EWBC	A	-0.24%
BEN	F	-0.23%
CG	D	-0.2%
ZION	B	-0.2%
WBS	D	-0.19%
SNV	C	-0.16%
JHG	A	-0.16%
CADE	B	-0.14%
FIBK	B	-0.14%
OZK	B	-0.14%
ONB	A	-0.13%
AVA	B	-0.13%
FNB	A	-0.13%
MAN	B	-0.12%
FHB	B	-0.11%
ASB	A	-0.11%
AGR	B	-0.11%
NYCB	D	-0.11%
UCBI	B	-0.09%
MDU	A	-0.09%
SMG	D	-0.08%
CATY	D	-0.07%
CRI	F	-0.07%
INDB	C	-0.07%
ARCH	D	-0.07%
AAP	D	-0.05%
CVI	F	-0.05%
CNS	D	-0.04%
GEF	D	-0.01%