PAPI vs. FAS ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Direxion Financial Bull 3X Shares (FAS)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.55

Average Daily Volume

30,447

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

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

$166.78

Average Daily Volume

614,764

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FAS
30 Days	0.92%	17.70%
60 Days	2.84%	35.89%
90 Days	4.03%	43.96%
12 Months	17.61%	162.79%

10 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FAS	Overlap
AFL	C	0.49%	0.54%	0.49%
CINF	A	0.55%	0.22%	0.22%
CME	A	0.54%	0.83%	0.54%
HIG	C	0.49%	0.33%	0.33%
JKHY	C	0.53%	0.14%	0.14%
PFG	C	0.49%	0.18%	0.18%
PRU	B	0.52%	0.44%	0.44%
RF	B	0.53%	0.22%	0.22%
TROW	B	0.53%	0.26%	0.26%
TRV	B	0.55%	0.57%	0.55%

PAPI Overweight 179 Positions Relative to FAS

Symbol	Grade	Weight
IP	C	0.63%
GRMN	A	0.63%
SNA	A	0.6%
MO	A	0.59%
PM	C	0.59%
ABBV	D	0.58%
TXRH	A	0.57%
LH	A	0.57%
MOS	D	0.56%
PKG	B	0.56%
CTVA	C	0.56%
CMCSA	B	0.56%
GLW	C	0.56%
FMC	F	0.56%
BKR	B	0.56%
T	A	0.56%
DGX	A	0.56%
EA	A	0.56%
COP	C	0.56%
DTM	B	0.56%
XEL	A	0.56%
UNM	A	0.55%
CTRA	B	0.55%
OKE	A	0.55%
TXN	C	0.55%
CFR	B	0.55%
GNTX	C	0.55%
JHG	B	0.55%
WMB	B	0.55%
PINC	A	0.55%
JCI	A	0.54%
IDA	A	0.54%
WMT	A	0.54%
PEG	C	0.54%
RGLD	C	0.54%
MDT	D	0.54%
DCI	A	0.54%
ATR	A	0.54%
ADP	A	0.54%
RHI	B	0.54%
LHX	A	0.54%
FOXA	A	0.54%
PPL	A	0.54%
CVX	B	0.54%
NYT	C	0.54%
GILD	C	0.54%
FAST	A	0.54%
FOX	A	0.54%
TAP	B	0.53%
COLM	B	0.53%
CSCO	A	0.53%
BDX	D	0.53%
JNJ	D	0.53%
DD	D	0.53%
POR	D	0.53%
SRE	A	0.53%
NFG	C	0.53%
CAG	F	0.53%
CHRD	F	0.53%
AEP	D	0.53%
MSFT	C	0.53%
OGE	B	0.53%
EXPD	D	0.53%
HRL	F	0.53%
PAYX	B	0.53%
INGR	B	0.53%
EMR	A	0.53%
AVT	C	0.53%
DLB	C	0.53%
RS	B	0.53%
ADI	F	0.53%
DRI	B	0.53%
AEE	A	0.53%
D	D	0.53%
KMI	B	0.53%
COST	B	0.53%
SYK	A	0.53%
CMI	A	0.53%
SO	D	0.53%
UPS	C	0.53%
PB	B	0.53%
WHR	B	0.53%
UNH	B	0.53%
EVRG	A	0.53%
PEP	D	0.52%
FE	D	0.52%
FLO	F	0.52%
PAG	B	0.52%
PFE	F	0.52%
WSO	A	0.52%
AFG	A	0.52%
HPQ	B	0.52%
WEN	C	0.52%
GD	A	0.52%
MSM	B	0.52%
RPRX	F	0.52%
VLO	D	0.52%
MTG	C	0.52%
EOG	A	0.52%
OMC	B	0.52%
ED	D	0.52%
PG	C	0.52%
FNF	C	0.52%
RTX	C	0.52%
IDCC	B	0.52%
VZ	C	0.52%
CCOI	C	0.52%
DOX	C	0.52%
OGS	A	0.52%
ROP	A	0.52%
CTSH	A	0.52%
ABT	C	0.52%
DUK	D	0.52%
TJX	B	0.52%
LNT	C	0.52%
COR	A	0.52%
ATO	A	0.52%
MTN	D	0.52%
CAH	A	0.52%
AMCR	D	0.52%
EMN	D	0.52%
WEC	B	0.52%
XOM	B	0.52%
SON	D	0.52%
HP	C	0.52%
LKQ	D	0.51%
KHC	F	0.51%
HUN	F	0.51%
AOS	F	0.51%
CHD	B	0.51%
PPG	F	0.51%
AM	B	0.51%
LIN	D	0.51%
LYB	F	0.51%
GGG	B	0.51%
ORI	A	0.51%
POWI	C	0.51%
QCOM	F	0.51%
APD	B	0.51%
SNX	C	0.51%
DVN	F	0.51%
ASH	F	0.51%
DHR	F	0.5%
HAS	D	0.5%
KMB	F	0.5%
PSX	D	0.5%
IPG	F	0.5%
SHOO	D	0.5%
OXM	D	0.5%
ACN	C	0.5%
MRK	F	0.5%
ADM	F	0.5%
ESNT	D	0.5%
CALM	B	0.5%
DOW	F	0.5%
HPE	B	0.5%
BBY	D	0.49%
KDP	D	0.49%
LEN	D	0.49%
KO	F	0.49%
WU	F	0.49%
BMI	B	0.49%
LEA	F	0.49%
BG	D	0.48%
IBM	C	0.48%
DINO	D	0.48%
INSW	F	0.48%
CHE	D	0.48%
SWKS	F	0.48%
CI	D	0.47%
PII	F	0.46%
MAN	F	0.46%
NEM	F	0.44%
ELV	F	0.44%
CRI	D	0.43%
GPC	D	0.43%
HII	D	0.38%
CVI	F	0.36%
SCCO	F	0.0%

PAPI Underweight 61 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.32%
JPM	B	-6.43%
V	A	-5.0%
MA	B	-4.26%
BAC	A	-2.88%
WFC	A	-2.22%
GS	B	-1.7%
SPGI	C	-1.6%
AXP	B	-1.58%
MS	A	-1.5%
PGR	A	-1.48%
BX	A	-1.25%
C	A	-1.24%
FI	A	-1.19%
MMC	C	-1.11%
SCHW	A	-1.09%
CB	C	-1.06%
KKR	B	-0.96%
ICE	D	-0.92%
PYPL	A	-0.83%
AON	A	-0.82%
PNC	B	-0.77%
USB	A	-0.76%
MCO	C	-0.74%
COF	B	-0.65%
AJG	A	-0.63%
TFC	B	-0.58%
BK	B	-0.57%
AMP	A	-0.51%
AIG	B	-0.5%
ALL	A	-0.5%
FIS	B	-0.48%
MET	C	-0.47%
MSCI	B	-0.47%
DFS	B	-0.39%
ACGL	D	-0.37%
MTB	B	-0.33%
WTW	A	-0.32%
NDAQ	A	-0.32%
FITB	A	-0.3%
RJF	A	-0.28%
GPN	B	-0.28%
STT	B	-0.28%
BRO	A	-0.26%
CBOE	D	-0.23%
SYF	B	-0.23%
HBAN	B	-0.23%
CPAY	A	-0.23%
NTRS	A	-0.21%
CFG	B	-0.19%
WRB	B	-0.18%
FDS	A	-0.18%
EG	D	-0.16%
KEY	B	-0.16%
L	A	-0.15%
MKTX	C	-0.11%
GL	B	-0.1%
AIZ	A	-0.1%
ERIE	F	-0.1%
IVZ	C	-0.08%
BEN	C	-0.07%