FCTE vs. SOXS ETF Comparison

Comparison of SMI 3Fourteen Full-Cycle Trend ETF (FCTE) to Direxion Daily Semiconductor Bear 3x Shares (SOXS)

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.47

Average Daily Volume

322,327

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SOXS

Direxion Daily Semiconductor Bear 3x Shares

SOXS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the PHLX Semiconductor Sector Index. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.01

Average Daily Volume

65,536,314

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCTE	SOXS
30 Days	1.69%	-3.80%
60 Days	6.95%	-36.13%
90 Days	11.58%	2.86%
12 Months		-81.31%

3 Overlapping Holdings

Symbol	Grade	Weight in FCTE	Weight in SOXS	Overlap
AMAT	B	5.19%	3.89%	3.89%
KLAC	B	4.8%	3.8%	3.8%
LRCX	D	5.03%	4.14%	4.14%

FCTE Overweight 17 Positions Relative to SOXS

Symbol	Grade	Weight
ANET	A	5.34%
META	A	5.28%
HUBB	A	5.21%
PHM	A	5.2%
TSCO	A	5.2%
GWW	A	5.15%
DPZ	D	5.1%
MSFT	D	5.05%
MTD	B	5.03%
NTAP	D	5.02%
HPQ	C	5.0%
MLM	D	4.91%
GD	A	4.89%
GOOGL	B	4.86%
SNPS	F	4.81%
DECK	B	4.8%
MCK	F	4.14%

FCTE Underweight 23 Positions Relative to SOXS

Symbol	Grade	Weight
NVDA	C	-8.24%
QCOM	D	-8.23%
TXN	C	-7.85%
INTC	D	-7.36%
AVGO	C	-7.0%
AMD	D	-4.66%
MU	D	-4.35%
NXPI	F	-4.15%
TSM	C	-3.95%
ADI	C	-3.79%
MCHP	F	-3.53%
ASML	F	-3.0%
SWKS	F	-2.85%
MRVL	C	-2.56%
QRVO	F	-1.8%
TER	C	-1.59%
ON	F	-1.38%
MPWR	B	-1.06%
ENTG	D	-1.02%
MKSI	F	-0.84%
SLAB	D	-0.7%
CRUS	D	-0.66%
SMTC	C	-0.49%