FAZ vs. KBE ETF Comparison

Comparison of Direxion Financial Bear 3X Shares (FAZ) to SPDR S&P Bank ETF (KBE)

FAZ

Direxion Financial Bear 3X Shares

FAZ Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000Â® Financial Services Index. 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 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

$8.14

Average Daily Volume

6,256,845

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.32

Average Daily Volume

1,902,124

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FAZ	KBE
30 Days	3.89%	-4.12%
60 Days	-18.59%	3.43%
90 Days	-20.97%	11.95%
12 Months	-60.93%	49.44%

15 Overlapping Holdings

Symbol	Grade	Weight in FAZ	Weight in KBE	Overlap
BAC	D	4.53%	1.16%	1.16%
BK	C	0.61%	1.18%	0.61%
C	B	2.84%	1.22%	1.22%
CFG	D	0.28%	1.16%	0.28%
FITB	C	0.33%	1.15%	0.33%
HBAN	D	0.24%	1.15%	0.24%
JPM	D	6.91%	1.17%	1.17%
KEY	C	0.31%	1.18%	0.31%
MTB	C	0.34%	1.19%	0.34%
NTRS	C	0.34%	1.17%	0.34%
PNC	C	1.08%	1.18%	1.08%
RF	C	0.25%	1.18%	0.25%
TFC	D	1.21%	1.14%	1.14%
USB	C	1.27%	1.16%	1.16%
WFC	D	3.0%	1.18%	1.18%

FAZ Overweight 82 Positions Relative to KBE

Symbol	Grade	Weight
BRK.A	C	7.22%
V	C	5.62%
MA	A	4.6%
PYPL	C	2.19%
AMT	C	1.64%
FIS	C	1.44%
AXP	A	1.41%
GS	C	1.27%
CME	A	1.18%
SPGI	C	1.17%
CB	A	1.11%
MS	B	1.07%
BLK	A	1.01%
CCI	C	0.96%
PLD	D	0.95%
GPN	F	0.95%
MMC	D	0.93%
SCHW	D	0.89%
ICE	A	0.85%
EQIX	B	0.8%
AON	A	0.79%
COF	C	0.78%
AIG	F	0.74%
SPG	A	0.73%
PGR	C	0.71%
MCO	D	0.68%
MET	A	0.66%
PRU	C	0.63%
AFL	A	0.62%
ALL	B	0.61%
TRV	C	0.58%
WELL	C	0.56%
PSA	C	0.52%
STT	C	0.48%
AVB	C	0.48%
TROW	D	0.48%
EQR	C	0.48%
SBAC	B	0.45%
DFS	C	0.42%
WTW	B	0.42%
DLR	C	0.41%
O	A	0.4%
SQ	D	0.38%
MSCI	B	0.37%
WY	B	0.37%
SYF	B	0.37%
AMP	A	0.35%
VTR	C	0.35%
HIG	A	0.35%
BXP	C	0.34%
ESS	C	0.33%
CBRE	A	0.33%
ARE	D	0.3%
EFX	C	0.3%
ACGL	A	0.28%
TRU	A	0.28%
AJG	D	0.28%
INVH	D	0.26%
CINF	A	0.26%
MKL	C	0.26%
PFG	C	0.25%
BR	B	0.24%
MAA	C	0.24%
SUI	D	0.23%
WPC	C	0.23%
L	D	0.22%
UDR	C	0.22%
MKTX	C	0.22%
NLY	C	0.22%
EXR	C	0.22%
ELS	D	0.2%
FNF	A	0.2%
NDAQ	C	0.2%
HST	D	0.2%
ALLY	F	0.19%
FICO	A	0.19%
WU	D	0.19%
VNO	A	0.19%
LNC	D	0.19%
RJF	B	0.19%
MPW	C	0.18%
JKHY	A	0.18%

FAZ Underweight 77 Positions Relative to KBE

Symbol	Grade	Weight
APO	A	-1.24%
JXN	A	-1.22%
TBBK	C	-1.21%
VLY	C	-1.2%
WBS	D	-1.2%
FCNCA	D	-1.2%
PNFP	D	-1.19%
EQH	C	-1.19%
WAL	C	-1.19%
COLB	C	-1.19%
AX	D	-1.18%
CRBG	C	-1.18%
ABCB	C	-1.18%
CMA	C	-1.18%
EWBC	D	-1.17%
FFIN	D	-1.17%
BANC	D	-1.17%
GBCI	C	-1.17%
SSB	C	-1.17%
WD	C	-1.17%
VOYA	A	-1.16%
CFR	D	-1.16%
WTFC	D	-1.16%
HWC	D	-1.16%
BPOP	D	-1.16%
FULT	D	-1.16%
UMBF	C	-1.15%
UBSI	D	-1.15%
OZK	F	-1.15%
ZION	D	-1.15%
MTG	B	-1.15%
FBP	D	-1.15%
TCBI	C	-1.15%
HOMB	D	-1.15%
RDN	D	-1.14%
ESNT	C	-1.14%
NMIH	C	-1.14%
BKU	D	-1.14%
ONB	D	-1.14%
ASB	F	-1.14%
FNB	D	-1.14%
CADE	D	-1.14%
PB	D	-1.13%
CBSH	D	-1.13%
SNV	D	-1.13%
BOH	D	-1.13%
FIBK	D	-1.13%
FHN	D	-1.12%
COOP	B	-1.1%
PFSI	C	-1.1%
RKT	C	-1.1%
AUB	D	-1.05%
EBC	D	-1.03%
PFS	D	-1.0%
BOKF	D	-0.98%
CBU	D	-0.96%
CVBF	B	-0.92%
INDB	D	-0.92%
CATY	D	-0.91%
WAFD	D	-0.91%
UCBI	B	-0.9%
SFBS	D	-0.89%
FHB	D	-0.87%
IBOC	D	-0.85%
RNST	D	-0.82%
WSFS	D	-0.81%
IBTX	D	-0.8%
PPBI	F	-0.8%
SBCF	D	-0.75%
BANR	C	-0.69%
HTH	D	-0.66%
SFNC	C	-0.63%
FFBC	D	-0.6%
TRMK	D	-0.58%
FRME	D	-0.55%
LKFN	F	-0.46%
WSBC	D	-0.42%