QUAL vs. FAS ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Direxion Financial Bull 3X Shares (FAS)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$183.75

Average Daily Volume

939,741

Number of Holdings ^*

123

* 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

$178.98

Average Daily Volume

591,859

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	FAS
30 Days	2.22%	27.96%
60 Days	2.60%	40.41%
90 Days	3.68%	42.15%
12 Months	31.61%	163.34%

15 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in FAS	Overlap
ACGL	D	0.26%	0.36%	0.26%
AFL	B	0.42%	0.56%	0.42%
AMP	B	0.33%	0.55%	0.33%
BLK	C	0.99%	1.43%	0.99%
CBOE	B	0.14%	0.22%	0.14%
CME	A	0.52%	0.82%	0.52%
ERIE	D	0.09%	0.11%	0.09%
FDS	B	0.12%	0.18%	0.12%
JKHY	D	0.09%	0.12%	0.09%
MA	B	4.22%	4.23%	4.22%
MCO	A	0.53%	0.74%	0.53%
MKTX	D	0.07%	0.1%	0.07%
MMC	A	0.74%	1.09%	0.74%
TROW	A	0.19%	0.26%	0.19%
V	A	4.5%	5.14%	4.5%

QUAL Overweight 108 Positions Relative to FAS

Symbol	Grade	Weight
NVDA	C	6.93%
AAPL	B	5.44%
MSFT	D	4.5%
META	D	4.09%
LLY	F	3.42%
UNH	B	2.81%
COST	B	2.55%
JNJ	D	2.15%
TJX	A	2.03%
GOOGL	C	1.77%
ADBE	C	1.76%
NFLX	B	1.76%
ADP	B	1.75%
CSCO	A	1.74%
COP	D	1.73%
ACN	B	1.67%
GOOG	C	1.55%
KO	D	1.43%
NKE	F	1.41%
CAT	B	1.4%
TXN	D	1.34%
CMG	B	1.26%
AMAT	F	1.17%
QCOM	F	1.15%
LIN	D	1.14%
PEP	F	1.1%
LMT	D	1.08%
SRE	A	0.93%
SLB	C	0.89%
KLAC	F	0.77%
ANET	C	0.73%
ITW	A	0.73%
LRCX	F	0.73%
PLD	D	0.71%
DHI	D	0.7%
PEG	A	0.69%
LULU	C	0.66%
VRTX	D	0.62%
CTAS	B	0.6%
GWW	A	0.59%
CDNS	B	0.58%
TPL	B	0.58%
SHW	A	0.57%
PSA	C	0.55%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
ED	D	0.5%
APH	B	0.5%
MMM	D	0.5%
PAYX	B	0.49%
DECK	A	0.49%
GRMN	A	0.48%
TSCO	C	0.43%
PHM	C	0.43%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
ULTA	F	0.31%
IDXX	F	0.3%
WSM	B	0.29%
BBY	D	0.29%
FERG	B	0.28%
CSGP	C	0.26%
AVB	B	0.24%
EW	C	0.24%
ROK	B	0.22%
POOL	C	0.22%
EQT	B	0.22%
VLTO	C	0.21%
MNST	B	0.21%
NTAP	C	0.21%
MANH	C	0.2%
EA	C	0.2%
A	D	0.2%
APA	F	0.19%
MPWR	F	0.18%
EQR	B	0.18%
EME	B	0.17%
RMD	C	0.17%
LPLA	B	0.17%
VEEV	B	0.16%
PPG	D	0.15%
HSY	F	0.15%
KEYS	B	0.15%
WAT	B	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
EXPD	C	0.12%
GGG	B	0.11%
OMC	C	0.1%
PKG	B	0.1%
RS	B	0.09%
MOH	F	0.09%
AVY	D	0.08%
PAYC	A	0.08%
UTHR	C	0.08%
SEIC	A	0.07%
ENPH	F	0.06%
SMCI	D	0.06%
AOS	D	0.06%
AFG	A	0.06%
SOLV	C	0.05%
IPG	C	0.05%
WBA	D	0.03%

QUAL Underweight 57 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.59%
JPM	B	-6.86%
BAC	A	-3.11%
WFC	A	-2.51%
GS	B	-1.84%
MS	B	-1.64%
AXP	A	-1.62%
SPGI	C	-1.61%
PGR	A	-1.51%
BX	B	-1.33%
C	A	-1.3%
FI	A	-1.26%
SCHW	A	-1.2%
CB	D	-1.06%
KKR	B	-1.03%
ICE	D	-0.9%
PYPL	A	-0.87%
AON	A	-0.83%
PNC	A	-0.81%
USB	A	-0.79%
COF	B	-0.69%
AJG	A	-0.65%
TFC	B	-0.62%
TRV	B	-0.59%
BK	A	-0.58%
ALL	B	-0.52%
MET	A	-0.49%
AIG	B	-0.48%
FIS	D	-0.47%
MSCI	C	-0.46%
PRU	A	-0.44%
DFS	B	-0.43%
MTB	B	-0.36%
HIG	B	-0.35%
NDAQ	A	-0.33%
WTW	B	-0.31%
FITB	B	-0.31%
RJF	A	-0.3%
GPN	C	-0.29%
STT	A	-0.28%
CPAY	A	-0.26%
BRO	B	-0.26%
HBAN	B	-0.25%
SYF	A	-0.25%
CINF	A	-0.24%
RF	B	-0.24%
NTRS	A	-0.22%
CFG	B	-0.21%
KEY	A	-0.18%
PFG	C	-0.18%
WRB	A	-0.18%
EG	C	-0.16%
L	B	-0.15%
AIZ	B	-0.11%
GL	C	-0.1%
IVZ	B	-0.08%
BEN	C	-0.07%