WFH vs. FXL ETF Comparison

Comparison of Direxion Work From Home ETF (WFH) to First Trust Technology AlphaDEX (FXL)

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

$52.59

Average Daily Volume

1,736

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$125.52

Average Daily Volume

30,471

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WFH	FXL
30 Days	-6.92%	-6.60%
60 Days	-10.26%	-8.55%
90 Days	-6.01%	-4.73%
12 Months	26.39%	29.11%

23 Overlapping Holdings

Symbol	Grade	Weight in WFH	Weight in FXL	Overlap
AVGO	D	2.63%	1.4%	1.4%
CRM	D	2.38%	1.37%	1.37%
CRWD	D	2.43%	1.74%	1.74%
DOCU	A	2.88%	0.34%	0.34%
FTNT	D	2.37%	0.34%	0.34%
GOOGL	A	3.45%	0.78%	0.78%
HUBS	B	2.73%	1.16%	1.16%
IBM	D	2.25%	0.34%	0.34%
META	D	2.36%	1.9%	1.9%
MSFT	C	2.67%	1.08%	1.08%
NET	C	2.38%	1.35%	1.35%
NOW	D	2.58%	1.45%	1.45%
NTAP	B	2.55%	1.41%	1.41%
OKTA	C	2.24%	1.01%	1.01%
ORCL	D	2.76%	1.02%	1.02%
PANW	B	2.76%	0.37%	0.37%
PEGA	C	2.57%	1.37%	1.37%
RNG	D	2.5%	0.65%	0.65%
S	C	2.13%	0.68%	0.68%
SNX	A	2.93%	1.53%	1.53%
WDAY	F	2.48%	0.33%	0.33%
ZM	F	2.46%	0.7%	0.7%
ZS	F	2.31%	0.32%	0.32%

WFH Overweight 16 Positions Relative to FXL

Symbol	Grade	Weight
YY	D	2.76%
AMZN	B	2.73%
VZ	C	2.62%
CSCO	D	2.57%
CYBR	D	2.48%
NTCT	D	2.47%
SMAR	D	2.44%
TEAM	F	2.39%
BOX	D	2.39%
ADBE	F	2.32%
MRVL	D	2.26%
DOCN	C	2.26%
MOMO	C	2.24%
XRX	F	2.22%
EGHT	F	2.17%
ATUS	D	2.12%

WFH Underweight 71 Positions Relative to FXL

Symbol	Grade	Weight
APP	B	-1.91%
PSTG	B	-1.85%
NTNX	C	-1.84%
AVT	A	-1.82%
ARW	B	-1.8%
VRT	A	-1.8%
HPE	D	-1.77%
DASH	D	-1.75%
IPGP	F	-1.75%
TOST	C	-1.73%
IAC	F	-1.72%
CTSH	D	-1.72%
SWKS	F	-1.71%
NVDA	C	-1.7%
GFS	F	-1.66%
CNXC	F	-1.59%
ON	D	-1.56%
GDDY	A	-1.55%
DXC	F	-1.49%
SAIC	C	-1.46%
DOX	D	-1.43%
AMAT	D	-1.4%
PLTR	C	-1.4%
DNB	F	-1.38%
MANH	F	-1.37%
INFA	D	-1.34%
ENTG	D	-1.34%
PCOR	D	-1.3%
DDOG	A	-1.14%
CACI	A	-1.13%
PTC	D	-1.07%
MCHP	A	-1.07%
IT	D	-1.06%
SSNC	C	-1.06%
FFIV	D	-1.06%
AKAM	F	-1.05%
KLAC	C	-1.04%
SNPS	D	-1.03%
CRUS	D	-1.02%
LRCX	D	-1.02%
HPQ	D	-1.02%
CDNS	D	-1.01%
AMD	D	-0.94%
KBR	A	-0.75%
APH	A	-0.74%
ADI	A	-0.72%
GTLB	F	-0.72%
DBX	F	-0.72%
INTU	C	-0.72%
TXN	A	-0.71%
QCOM	C	-0.71%
GLW	B	-0.71%
CFLT	F	-0.7%
CDW	D	-0.7%
JBL	F	-0.67%
MTCH	F	-0.65%
NCNO	D	-0.6%
INTC	F	-0.58%
HCP	A	-0.38%
MDB	D	-0.36%
ESTC	B	-0.36%
VRSN	F	-0.35%
PINS	B	-0.34%
ROP	D	-0.34%
DLB	F	-0.33%
MPWR	C	-0.32%
OLED	F	-0.32%
PATH	F	-0.31%
DV	F	-0.31%
TER	A	-0.31%
ADSK	F	-0.3%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Systems Conglomerates Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction Internet Content & Information Media - Diversified