LABU vs. CBLS ETF Comparison

Comparison of Direxion Daily S&P Biotech Bull 3X Shares (LABU) to Changebridge Capital Long/Short Equity ETF (CBLS)

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

$106.77

Average Daily Volume

1,088,205

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LABU	CBLS
30 Days	-14.44%	4.28%
60 Days	-23.87%	5.58%
90 Days	-25.01%	5.18%
12 Months	55.02%	35.65%

3 Overlapping Holdings

Symbol	Grade	Weight in LABU	Weight in CBLS	Overlap
CRSP	D	1.0%	0.86%	0.86%
HUMA	F	0.12%	2.11%	0.12%
MRNA	F	0.98%	-1.15%	-1.15%

LABU Overweight 125 Positions Relative to CBLS

Symbol	Grade	Weight
INCY	C	2.06%
NTRA	A	2.02%
UTHR	C	1.92%
GILD	C	1.88%
NBIX	C	1.7%
VRTX	D	1.68%
ALNY	D	1.64%
INSM	C	1.61%
AMGN	F	1.5%
SRPT	F	1.48%
ABBV	F	1.47%
BIIB	F	1.42%
MDGL	B	1.35%
VKTX	F	1.35%
EXAS	D	1.31%
BMRN	F	1.3%
CYTK	F	1.17%
REGN	F	1.14%
BPMC	B	1.12%
TGTX	B	1.05%
HALO	F	1.0%
RNA	C	0.99%
RVMD	C	0.96%
KRYS	C	0.81%
ADMA	B	0.79%
EXEL	B	0.77%
ROIV	C	0.76%
IONS	F	0.74%
ALKS	C	0.72%
PCVX	D	0.6%
CRNX	C	0.58%
BBIO	F	0.58%
APLS	F	0.57%
IOVA	F	0.56%
TWST	F	0.54%
GERN	D	0.53%
ACLX	C	0.53%
DYN	F	0.5%
SWTX	C	0.5%
BEAM	D	0.49%
AGIO	C	0.49%
ACAD	C	0.48%
RXRX	F	0.47%
RARE	F	0.47%
IMVT	F	0.43%
PTCT	B	0.43%
FOLD	F	0.41%
VERA	C	0.39%
MIRM	B	0.39%
ARWR	D	0.38%
RYTM	C	0.38%
NUVL	C	0.38%
NTLA	F	0.38%
PTGX	D	0.37%
IDYA	F	0.37%
DVAX	C	0.35%
DNLI	D	0.33%
VCYT	B	0.33%
JANX	C	0.33%
SRRK	C	0.32%
KYMR	D	0.3%
SNDX	F	0.29%
BCRX	D	0.28%
CGON	F	0.28%
ARDX	F	0.28%
VCEL	B	0.28%
AKRO	B	0.27%
NVAX	F	0.27%
ARQT	B	0.27%
CPRX	C	0.26%
KROS	D	0.25%
NRIX	C	0.25%
CLDX	F	0.23%
MNKD	C	0.22%
IRON	B	0.22%
SMMT	D	0.21%
VRDN	D	0.2%
RCKT	F	0.19%
DAWN	D	0.19%
TVTX	C	0.17%
MYGN	F	0.17%
CGEM	F	0.17%
IRWD	F	0.16%
CDNA	D	0.15%
VIR	D	0.15%
XNCR	B	0.15%
KURA	F	0.15%
CDMO	A	0.14%
APLT	C	0.14%
ALT	C	0.13%
RCUS	F	0.13%
EBS	C	0.13%
ARCT	F	0.12%
COGT	D	0.11%
ETNB	C	0.11%
ANNX	F	0.11%
AVXL	B	0.11%
VERV	F	0.11%
SPRY	C	0.11%
STOK	F	0.11%
REPL	D	0.11%
IMNM	F	0.1%
PRTA	F	0.1%
RLAY	F	0.1%
MDXG	B	0.1%
RGNX	D	0.09%
OLMA	F	0.09%
ALLO	F	0.08%
ANAB	F	0.08%
OCGN	F	0.08%
CELC	F	0.08%
SAGE	F	0.08%
SANA	F	0.08%
ERAS	C	0.07%
CCCC	F	0.07%
FDMT	F	0.07%
ORIC	F	0.06%
SCLX	F	0.05%
SVRA	F	0.05%
ALEC	F	0.04%
YMAB	F	0.04%
ABUS	D	0.04%
ITOS	F	0.04%
KALV	F	0.04%
FATE	F	0.04%

LABU Underweight 60 Positions Relative to CBLS

Symbol	Grade	Weight
NVDA	B	-3.31%
LNG	A	-3.31%
WTTR	A	-3.07%
INTC	C	-2.91%
AMZN	C	-2.83%
GTLS	A	-2.81%
MGNI	B	-2.76%
WMT	A	-2.75%
SKY	A	-2.73%
BWXT	B	-2.7%
COST	A	-2.64%
ORCL	A	-2.62%
STRL	A	-2.54%
CCL	A	-2.49%
RDDT	A	-2.45%
OSW	B	-2.43%
IBN	C	-2.38%
ECL	D	-2.32%
GD	D	-2.32%
NARI	C	-2.3%
RTX	D	-2.29%
ROL	B	-2.28%
D	C	-2.24%
AER	A	-2.24%
VST	A	-2.23%
SO	C	-2.23%
NEE	C	-2.12%
ERJ	A	-2.12%
SCHW	B	-2.08%
MC	C	-1.98%
ETR	B	-1.93%
SCI	B	-1.92%
DELL	B	-1.91%
TDG	D	-1.78%
KLG	B	--0.49%
KDP	F	--0.5%
POST	C	--0.5%
GIS	D	--0.51%
PEP	F	--0.51%
DOOO	F	--0.9%
TTC	C	--0.93%
R	B	--0.95%
GIII	D	--0.97%
PFE	F	--1.06%
SIG	B	--1.07%
JNJ	C	--1.1%
MIDD	C	--1.16%
ROK	C	--1.17%
ENR	B	--1.19%
AME	A	--1.2%
NVO	F	--1.3%
LLY	F	--1.37%
F	C	--1.41%
DE	B	--1.45%
HELE	C	--1.71%
HSY	F	--1.75%
VSAT	F	--1.75%
GOGO	C	--1.77%
NOW	A	--1.8%
TSLA	B	--2.63%