QQQU vs. CDEI ETF Comparison

Comparison of Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) to Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

QQQU

Direxion Daily Concentrated Qs Bull 2X Shares

QQQU Description

QQQU provides daily 2x exposure to an index comprised of the seven leading companies listed on the NASDAQ exchange that meet certain requirements. It will invest in the securities of the index, financial instruments including swap and futures agreements, and ETFs tracking the index, to provide the leveraged exposure consistent with its objective. To be included in the index, the common stocks or ADRs must have a minimum free float equivalent to 10% of shares outstanding, and have a share price of less than $10,000. After an extensive research, the index provider selects the seven leading constituents that forms the index and equally-weights them. The index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, QQQU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$33.05

Average Daily Volume

39,346

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CDEI

Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.77

Average Daily Volume

2,378

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQU	CDEI
30 Days	-3.38%	-0.37%
60 Days	-5.30%	1.40%
90 Days	-1.71%	1.37%
12 Months		23.38%

4 Overlapping Holdings

Symbol	Grade	Weight in QQQU	Weight in CDEI	Overlap
AAPL	D	11.61%	11.1%	11.1%
GOOGL	D	9.72%	5.75%	5.75%
MSFT	C	9.81%	9.66%	9.66%
NVDA	D	9.52%	8.89%	8.89%

QQQU Overweight 3 Positions Relative to CDEI

Symbol	Grade	Weight
TSLA	C	12.03%
META	A	10.94%
AMZN	C	9.8%

QQQU Underweight 6 Positions Relative to CDEI

Symbol	Grade	Weight
LLY	C	-2.58%
AVGO	C	-2.35%
JPM	D	-2.03%
UNH	C	-1.72%
V	B	-1.37%
MA	B	-1.27%