EDZ vs. FDEM ETF Comparison

Comparison of Direxion Emerging Markets Bear 3X Shares (EDZ) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

EDZ

Direxion Emerging Markets Bear 3X Shares

EDZ Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI Emerging Markets IndexSM. 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 is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$8.61

Average Daily Volume

122,076

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDEM

Fidelity Targeted Emerging Markets Factor ETF

FDEM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. The fund invests at least 80% of its assets in securities included in the index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market.

Grade (RS Rating)

Last Trade

$26.17

Average Daily Volume

29,086

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EDZ	FDEM
30 Days	-1.37%	0.14%
60 Days	-6.41%	1.47%
90 Days	-6.23%	2.07%
12 Months	-30.83%	19.75%

4 Overlapping Holdings

Symbol	Grade	Weight in EDZ	Weight in FDEM	Overlap
BABA	B	6.01%	1.37%	1.37%
BIDU	D	0.6%	0.64%	0.6%
TCOM	C	0.29%	0.32%	0.29%
YUMC	D	0.28%	0.18%	0.18%

EDZ Overweight 5 Positions Relative to FDEM

Symbol	Grade	Weight
JD	C	0.46%
NTES	F	0.39%
TAL	F	0.32%
EDU	F	0.3%
BAP	B	0.23%

EDZ Underweight 9 Positions Relative to FDEM

Symbol	Grade	Weight
PDD	F	-0.85%
CHT	B	-0.57%
ATHM	C	-0.5%
BCH	C	-0.38%
VALE	D	-0.28%
WIT	C	-0.17%
VIPS	D	-0.1%
MNSO	D	-0.09%
LPL	F	-0.03%