XXCH vs. KEM ETF Comparison

Comparison of Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (XXCH) to KraneShares Dynamic Emerging Markets Strategy ETF (KEM)

XXCH

Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares

XXCH Description

The index is designed to capture the large- and mid-capitalization securities across 23 of the 24 emerging markets (with the exception of China) as defined by MSCI Inc. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.34

Average Daily Volume

1,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KEM

KraneShares Dynamic Emerging Markets Strategy ETF

KEM Description

KEM's adaptive approach leverages two core components: the KraneShares MSCI Emerging Markets ex-China Index ETF (KEMX) and the KraneShares MSCI All China Index ETF (KALL). The fund's main objective is to mitigate downside risk while trying to outperform the broad emerging markets. On a quarterly basis, it evaluates fundamental, valuation, and technical metrics, such as price-to-book ratio, price-to-equity ratio, price-to-earnings ratio, dividend yield, and moving averages. The result is a dynamically shifting portfolio, with the ability to adjust up to 30% of exposure between China and the rest of the emerging markets. To handle market ups and downs, the fund may hold up to 10% in cash and cash equivalents. The Fund may also enter lending transactions. When using a fund-of-funds wrapper, investors should take note of the total fees.

Grade (RS Rating)

Last Trade

$27.19

Average Daily Volume

752

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XXCH	KEM
30 Days	-9.21%	-4.87%
60 Days	-11.41%	4.39%
90 Days	-13.08%	3.94%
12 Months		8.15%

0 Overlapping Holdings

	Symbol	Grade	Weight in XXCH	Weight in KEM	Overlap

XXCH Overweight 1 Positions Relative to KEM

	Symbol	Grade	Weight
	EMXC	D	65.56%

XXCH Underweight 1 Positions Relative to KEM

	Symbol	Grade	Weight
	KEMX	D	-40.63%

XXCH: Top Represented Industries & Keywords

Industries:

Keywords: ETF Economic Geography Emerging Market Exchange Traded Fund Stock Market Index

KEM: Top Represented Industries & Keywords

Industries:

Keywords: American Depositary Receipt ETF Emerging Market Exchange Traded Fund Msci Hong Kong Index Stock Market Index