FAS vs. USMV ETF Comparison

Comparison of Direxion Financial Bull 3X Shares (FAS) to iShares MSCI USA Minimum Volatility ETF (USMV)

FAS

Direxion Financial Bull 3X Shares

FAS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000Â® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000Â® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000Â® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$131.48

Average Daily Volume

768,696

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.28

Average Daily Volume

2,252,407

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FAS	USMV
30 Days	10.63%	1.97%
60 Days	15.89%	6.57%
90 Days	29.01%	8.42%
12 Months	100.11%	23.92%

19 Overlapping Holdings

Symbol	Grade	Weight in FAS	Weight in USMV	Overlap
ACGL	C	0.45%	0.8%	0.45%
AIZ	B	0.11%	0.28%	0.11%
AJG	D	0.71%	1.29%	0.71%
AON	B	0.83%	0.49%	0.49%
BRK.A	C	8.95%	1.49%	1.49%
CB	B	1.29%	1.5%	1.29%
CBOE	C	0.24%	0.87%	0.24%
CME	C	0.86%	0.51%	0.51%
EG	C	0.18%	0.45%	0.18%
HIG	B	0.37%	0.12%	0.12%
ICE	C	1.01%	0.29%	0.29%
L	C	0.16%	0.27%	0.16%
MA	B	4.43%	0.67%	0.67%
MMC	C	1.24%	1.16%	1.16%
PGR	B	1.6%	1.68%	1.6%
TRV	C	0.59%	1.05%	0.59%
V	C	4.93%	0.83%	0.83%
WRB	C	0.19%	0.3%	0.19%
WTW	C	0.32%	0.36%	0.32%

FAS Overweight 51 Positions Relative to USMV

Symbol	Grade	Weight
JPM	D	6.51%
BAC	D	2.89%
WFC	D	1.97%
SPGI	B	1.83%
GS	C	1.68%
AXP	B	1.59%
BLK	B	1.36%
MS	D	1.33%
C	D	1.2%
BX	B	1.15%
SCHW	D	1.01%
KKR	B	0.88%
MCO	B	0.82%
PYPL	B	0.81%
PNC	B	0.78%
USB	B	0.75%
TFC	C	0.61%
AFL	C	0.61%
COF	B	0.58%
BK	B	0.57%
ALL	B	0.54%
AIG	D	0.53%
FIS	B	0.51%
MSCI	C	0.49%
MET	B	0.49%
AMP	A	0.47%
PRU	C	0.46%
DFS	C	0.36%
NDAQ	A	0.33%
GPN	D	0.31%
FITB	B	0.31%
MTB	B	0.3%
BRO	C	0.27%
STT	B	0.27%
TROW	D	0.26%
CPAY	B	0.24%
RJF	C	0.24%
HBAN	B	0.23%
CINF	C	0.23%
RF	B	0.22%
NTRS	A	0.2%
CFG	C	0.2%
SYF	C	0.2%
PFG	B	0.19%
FDS	C	0.18%
KEY	B	0.17%
JKHY	B	0.14%
MKTX	C	0.11%
GL	C	0.09%
IVZ	B	0.08%
BEN	F	0.06%

FAS Underweight 151 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	C	-1.7%
IBM	B	-1.7%
WMT	C	-1.66%
MSI	B	-1.64%
LLY	C	-1.58%
DUK	C	-1.55%
WCN	D	-1.55%
NOC	B	-1.52%
RSG	D	-1.52%
VZ	B	-1.44%
MSFT	C	-1.38%
TXN	C	-1.38%
UNH	C	-1.38%
SO	B	-1.37%
WM	D	-1.37%
ROP	C	-1.31%
CSCO	C	-1.29%
APH	D	-1.29%
ACN	C	-1.28%
JNJ	C	-1.28%
MCD	B	-1.27%
PG	C	-1.26%
ABBV	C	-1.22%
MRK	D	-1.22%
ED	C	-1.22%
AVGO	C	-1.21%
PEP	C	-1.15%
MCK	F	-1.14%
ORCL	C	-1.12%
AZO	D	-0.99%
AAPL	C	-0.97%
REGN	C	-0.92%
GILD	B	-0.89%
LMT	C	-0.88%
K	B	-0.81%
GDDY	C	-0.81%
EA	D	-0.78%
CTSH	C	-0.77%
GIS	B	-0.77%
VRTX	D	-0.75%
WEC	C	-0.75%
FCNCA	D	-0.73%
ELV	C	-0.72%
T	C	-0.71%
KDP	B	-0.71%
AMGN	B	-0.7%
TSN	C	-0.69%
COR	D	-0.66%
NOW	B	-0.65%
VRSN	D	-0.65%
ORLY	C	-0.63%
KR	C	-0.59%
BDX	D	-0.59%
NEM	B	-0.58%
FI	A	-0.57%
MPC	F	-0.56%
KEYS	C	-0.54%
NVDA	D	-0.54%
FANG	D	-0.53%
ERIE	B	-0.52%
MDLZ	B	-0.52%
TDY	B	-0.52%
YUM	D	-0.51%
FFIV	B	-0.49%
JNPR	B	-0.49%
INCY	C	-0.48%
FICO	B	-0.48%
CL	D	-0.47%
HUM	F	-0.47%
UBER	C	-0.47%
PTC	D	-0.47%
AKAM	D	-0.45%
CDW	D	-0.45%
TJX	B	-0.45%
KHC	C	-0.44%
BAH	C	-0.44%
XOM	C	-0.43%
WDAY	D	-0.42%
AEP	C	-0.42%
XEL	B	-0.42%
BMY	C	-0.41%
VRSK	D	-0.4%
CPB	C	-0.39%
CTVA	B	-0.37%
ROL	C	-0.37%
CHD	D	-0.37%
CMCSA	D	-0.36%
HSY	C	-0.35%
AFG	B	-0.34%
IT	B	-0.34%
NBIX	F	-0.33%
MKL	C	-0.32%
GEN	B	-0.32%
CVX	D	-0.3%
BMRN	F	-0.3%
FWONK	C	-0.29%
HD	B	-0.28%
GLW	C	-0.28%
GRMN	D	-0.27%
ANET	B	-0.27%
ALNY	C	-0.25%
ADI	C	-0.25%
PFE	C	-0.24%
MOH	D	-0.23%
D	C	-0.23%
CI	C	-0.23%
WMB	B	-0.23%
HON	D	-0.22%
HRL	C	-0.22%
AEE	C	-0.22%
KMB	D	-0.22%
DTE	C	-0.21%
NTAP	D	-0.21%
AZPN	B	-0.21%
MELI	B	-0.2%
CMS	C	-0.2%
HUBS	D	-0.18%
PKG	B	-0.18%
SNPS	F	-0.17%
HOLX	C	-0.17%
STX	C	-0.17%
TW	B	-0.17%
LIN	B	-0.17%
DPZ	F	-0.17%
CDNS	D	-0.16%
EOG	D	-0.15%
CRWD	D	-0.14%
MDT	C	-0.14%
GOOG	D	-0.14%
OXY	F	-0.13%
UTHR	C	-0.13%
AMZN	C	-0.12%
KO	C	-0.11%
LNT	B	-0.1%
DELL	D	-0.1%
DGX	B	-0.1%
RTX	C	-0.09%
ABT	C	-0.09%
ADP	B	-0.08%
TEL	D	-0.07%
FSLR	C	-0.07%
PSX	F	-0.06%
GD	B	-0.06%
KNX	C	-0.06%
OTIS	C	-0.06%
ULTA	D	-0.05%
VLO	F	-0.05%
CVS	D	-0.05%
BR	D	-0.05%
ATO	B	-0.05%
CRM	D	-0.04%