DUSL vs. QDEF ETF Comparison

Comparison of Direxion Daily Industrials Bull 3X Shares (DUSL) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

DUSL

Direxion Daily Industrials Bull 3X Shares

DUSL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Industrials Select Sector Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is provided by S&P Dow Jones Indices and includes domestic companies from the industrials sector which includes the following industries: aerospace and defense: industry conglomerates; and machinery. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$73.48

Average Daily Volume

19,758

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	DUSL	QDEF
30 Days	11.52%	1.58%
60 Days	17.64%	2.63%
90 Days	29.22%	4.66%
12 Months	112.07%	30.49%

12 Overlapping Holdings

Symbol	Grade	Weight in DUSL	Weight in QDEF	Overlap
ADP	B	1.86%	1.13%	1.13%
EXPD	D	0.26%	0.42%	0.26%
FAST	B	0.71%	0.58%	0.58%
ITW	B	1.1%	0.74%	0.74%
LDOS	C	0.34%	0.57%	0.34%
LMT	D	1.72%	1.05%	1.05%
MAS	D	0.26%	0.23%	0.23%
MMM	D	1.09%	0.66%	0.66%
OTIS	C	0.6%	0.51%	0.51%
PAYX	C	0.7%	0.63%	0.63%
ROL	B	0.21%	0.12%	0.12%
VRSK	A	0.61%	0.57%	0.57%

DUSL Overweight 65 Positions Relative to QDEF

Symbol	Grade	Weight
GE	D	2.91%
CAT	B	2.83%
RTX	C	2.38%
UBER	D	2.26%
HON	B	2.26%
ETN	A	2.17%
UNP	C	2.16%
BA	F	1.52%
DE	A	1.52%
UPS	C	1.46%
TT	A	1.39%
GEV	B	1.35%
PH	A	1.35%
WM	A	1.22%
GD	F	1.14%
CTAS	B	1.12%
EMR	A	1.11%
TDG	D	1.08%
NOC	D	1.04%
CSX	B	1.04%
FDX	B	0.99%
CARR	D	0.95%
PCAR	B	0.91%
NSC	B	0.9%
JCI	C	0.86%
URI	B	0.85%
GWW	B	0.79%
CPRT	A	0.76%
CMI	A	0.75%
PWR	A	0.72%
LHX	C	0.71%
HWM	A	0.7%
AME	A	0.68%
AXON	A	0.65%
RSG	A	0.64%
IR	B	0.63%
DAL	C	0.63%
ODFL	B	0.63%
WAB	B	0.52%
EFX	F	0.49%
ROK	B	0.49%
XYL	D	0.45%
UAL	A	0.45%
DOV	A	0.42%
FTV	C	0.4%
BR	A	0.4%
VLTO	D	0.38%
HUBB	B	0.36%
BLDR	D	0.32%
LUV	C	0.29%
SNA	A	0.28%
J	F	0.27%
IEX	B	0.26%
PNR	A	0.26%
TXT	D	0.24%
JBHT	C	0.22%
NDSN	B	0.21%
CHRW	C	0.2%
SWK	D	0.2%
ALLE	D	0.19%
DAY	B	0.18%
GNRC	B	0.17%
PAYC	B	0.16%
AOS	F	0.13%
HII	D	0.12%

DUSL Underweight 111 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.07%
NVDA	C	-6.0%
MSFT	F	-4.97%
HD	A	-3.07%
JNJ	D	-2.93%
PG	A	-2.83%
META	D	-2.76%
ABBV	D	-2.6%
MRK	F	-2.25%
IBM	C	-1.7%
QCOM	F	-1.65%
PM	B	-1.65%
GOOGL	C	-1.36%
INTU	C	-1.29%
TMUS	B	-1.14%
GOOG	C	-1.1%
GILD	C	-1.03%
TJX	A	-0.99%
SBUX	A	-0.98%
AVGO	D	-0.88%
MO	A	-0.86%
CI	F	-0.83%
AMT	D	-0.82%
KLAC	D	-0.79%
T	A	-0.77%
DUK	C	-0.77%
MSI	B	-0.74%
JPM	A	-0.73%
CME	A	-0.71%
MCK	B	-0.71%
BK	A	-0.67%
VZ	C	-0.65%
UNM	A	-0.65%
KO	D	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
GEN	B	-0.59%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
EQR	B	-0.53%
MAA	B	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
CPT	B	-0.51%
KMB	D	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
CHE	D	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
COST	B	-0.24%
MA	C	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%