LABU vs. BOUT ETF Comparison

Comparison of Direxion Daily S&P Biotech Bull 3X Shares (LABU) to Innovator IBD Breakout Opportunities ETF (BOUT)

LABU

Direxion Daily S&P Biotech Bull 3X Shares

LABU Description

The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$125.25

Average Daily Volume

1,032,504

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$36.31

Average Daily Volume

1,208

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	LABU	BOUT
30 Days	-11.20%	-0.91%
60 Days	0.67%	5.16%
90 Days	17.39%	3.69%
12 Months	82.91%	22.01%

4 Overlapping Holdings

Symbol	Grade	Weight in LABU	Weight in BOUT	Overlap
ALNY	B	1.87%	1.35%	1.35%
HALO	D	0.69%	0.68%	0.68%
NBIX	F	1.22%	0.69%	0.69%
SRPT	F	1.52%	0.31%	0.31%

LABU Overweight 119 Positions Relative to BOUT

Symbol	Grade	Weight
EXAS	C	2.58%
GILD	A	2.01%
UTHR	B	1.86%
VKTX	D	1.82%
ABBV	A	1.79%
NTRA	B	1.76%
AMGN	D	1.74%
REGN	D	1.72%
INCY	B	1.55%
VRTX	D	1.54%
BMRN	F	1.33%
BIIB	F	1.33%
CYTK	F	1.24%
PCVX	B	0.93%
EXEL	C	0.79%
MRNA	F	0.78%
CRSP	F	0.76%
APLS	F	0.73%
MDGL	F	0.72%
TGTX	C	0.72%
BPMC	F	0.71%
INSM	D	0.69%
RVMD	B	0.69%
ALKS	C	0.68%
KRYS	D	0.64%
RARE	C	0.61%
IONS	F	0.6%
BBIO	F	0.59%
IOVA	F	0.58%
ACLX	C	0.58%
NUVL	B	0.56%
CRNX	D	0.5%
SWTX	F	0.47%
ADMA	B	0.46%
ACAD	F	0.42%
FOLD	F	0.42%
DYN	D	0.42%
CLDX	F	0.42%
TWST	D	0.41%
RNA	A	0.41%
VERA	C	0.41%
NTLA	F	0.4%
DNLI	C	0.39%
GERN	D	0.37%
BEAM	F	0.36%
KYMR	C	0.36%
IDYA	F	0.35%
IMVT	F	0.34%
SMMT	D	0.34%
RYTM	C	0.33%
CPRX	C	0.32%
ARDX	D	0.32%
BCRX	D	0.31%
VCYT	C	0.31%
JANX	D	0.31%
PTCT	C	0.3%
NRIX	D	0.29%
DVAX	D	0.29%
AGIO	D	0.29%
NVAX	D	0.28%
PTGX	C	0.28%
SNDX	F	0.27%
KROS	C	0.27%
AKRO	C	0.27%
ARWR	F	0.26%
VRDN	B	0.26%
VCEL	F	0.26%
ARQT	D	0.23%
RXRX	F	0.23%
MIRM	D	0.22%
TVTX	C	0.22%
CDNA	C	0.22%
MYGN	D	0.22%
RCKT	F	0.21%
KURA	D	0.21%
MNKD	C	0.2%
PRTA	F	0.18%
CDMO	C	0.18%
XNCR	D	0.17%
DAWN	D	0.17%
CGON	C	0.16%
COGT	C	0.16%
IRWD	F	0.15%
IMNM	F	0.15%
CGEM	F	0.15%
ANAB	D	0.15%
ARCT	D	0.14%
FDMT	F	0.14%
ALT	F	0.14%
RCUS	F	0.13%
SANA	F	0.12%
RLAY	F	0.12%
RGNX	F	0.11%
OLMA	D	0.11%
VIR	F	0.1%
IRON	C	0.1%
CCCC	F	0.1%
ETNB	F	0.1%
SPRY	C	0.1%
ALLO	F	0.1%
STOK	D	0.1%
AVXL	D	0.1%
ORIC	D	0.1%
SRRK	F	0.09%
OCGN	F	0.08%
SAGE	F	0.08%
FATE	F	0.08%
VERV	F	0.07%
EDIT	F	0.07%
MDXG	F	0.07%
ZNTL	D	0.06%
SCLX	F	0.06%
VYGR	F	0.05%
HUMA	D	0.05%
ALEC	F	0.05%
SVRA	D	0.05%
ITOS	F	0.04%
CABA	F	0.04%
HRTX	F	0.04%

LABU Underweight 122 Positions Relative to BOUT

Symbol	Grade	Weight
FFTY	C	-8.0%
MELI	C	-2.45%
KLAC	D	-2.39%
VIK	B	-2.36%
SPGI	C	-2.36%
PACS	C	-2.36%
QRVO	F	-2.35%
AHR	C	-2.34%
NXPI	F	-2.33%
NVS	D	-2.33%
IDCC	A	-2.33%
CHKP	C	-2.33%
PGR	C	-2.32%
NEM	C	-2.29%
MWA	B	-2.28%
SWI	C	-2.24%
MS	B	-2.06%
GS	D	-2.05%
MPWR	C	-2.03%
OLED	C	-2.02%
AXP	A	-2.01%
AX	D	-2.01%
PPC	A	-1.99%
ISRG	C	-1.99%
FANG	F	-1.99%
MOD	C	-1.98%
MMM	B	-1.97%
KNTK	C	-1.97%
ADBE	F	-1.97%
PSN	A	-1.95%
IOT	C	-1.91%
RSG	D	-1.34%
ROST	C	-1.34%
NMIH	C	-1.34%
AEM	C	-1.33%
GOOGL	C	-1.32%
WFRD	F	-1.31%
HLNE	A	-1.31%
EHC	B	-1.31%
ATGE	C	-1.31%
PANW	D	-1.3%
NVO	F	-1.3%
MANH	C	-1.3%
AAON	B	-1.28%
NOW	C	-1.23%
ANF	D	-0.69%
PSTG	F	-0.68%
BKNG	C	-0.68%
PLTR	C	-0.67%
INTU	F	-0.67%
DSGX	C	-0.67%
VNOM	B	-0.66%
NFLX	C	-0.66%
MPLX	A	-0.66%
GMED	D	-0.66%
CYBR	C	-0.66%
AROC	C	-0.66%
VRNS	C	-0.63%
MMYT	D	-0.33%
AMSC	D	-0.33%
ELF	F	-0.32%
CLS	C	-0.32%
PINS	D	-0.31%
IBKR	A	-0.31%
HESM	D	-0.31%
GRMN	D	-0.31%
FN	C	-0.31%
CRWD	D	-0.31%
ARM	C	-0.31%
ARIS	C	-0.31%
ALKT	D	-0.31%
DDOG	D	-0.3%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%