WFH vs. MRGR ETF Comparison

Comparison of Direxion Work From Home ETF (WFH) to ProShares Merger ETF (MRGR)

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

$64.80

Average Daily Volume

998

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.22

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WFH	MRGR
30 Days	9.46%	0.41%
60 Days	12.26%	1.07%
90 Days	13.87%	2.14%
12 Months	30.33%	7.71%

1 Overlapping Holdings

	Symbol	Grade	Weight in WFH	Weight in MRGR	Overlap
	SMAR	A	2.54%	2.41%	2.41%

WFH Overweight 39 Positions Relative to MRGR

Symbol	Grade	Weight
TEAM	A	3.32%
HUBS	A	3.04%
DOCU	A	3.02%
CRM	B	2.89%
ZS	C	2.86%
CRWD	B	2.86%
ORCL	B	2.86%
PEGA	A	2.81%
ATUS	C	2.76%
MRVL	B	2.76%
RNG	B	2.72%
NOW	A	2.68%
FTNT	C	2.65%
AMZN	C	2.63%
DDOG	A	2.61%
ZM	B	2.61%
S	B	2.55%
NET	B	2.54%
CSCO	B	2.51%
PANW	C	2.46%
META	D	2.43%
GOOGL	C	2.42%
AVGO	D	2.38%
MOMO	D	2.34%
CYBR	B	2.34%
NTCT	C	2.32%
DOCN	D	2.3%
YY	C	2.29%
WDAY	B	2.26%
BOX	B	2.25%
MSFT	F	2.25%
IBM	C	2.21%
OKTA	C	2.2%
SNX	C	2.16%
NTAP	C	2.14%
VZ	C	2.12%
VRNS	D	2.04%
ADBE	C	1.98%
XRX	F	1.66%

WFH Underweight 28 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	B	-3.58%
DFS	B	-3.14%
IBTX	B	-3.02%
SASR	B	-2.81%
EDR	A	-2.53%
INFN	C	-2.5%
LBPH	A	-2.43%
EVRI	A	-2.42%
NAPA	B	-2.42%
B	B	-2.41%
ROIC	A	-2.41%
ALTR	B	-2.4%
ATSG	B	-2.4%
ZUO	B	-2.39%
K	A	-2.37%
RCM	F	-2.37%
ENV	B	-2.37%
CDMO	B	-2.36%
ANSS	B	-2.32%
ALE	A	-2.31%
HCP	B	-2.3%
MRO	B	-2.28%
LBRDK	C	-2.25%
CTLT	B	-2.2%
JNPR	F	-2.14%
SPR	D	-2.11%
CHX	C	-1.8%
RVNC	F	-1.42%