SOXS vs. FEPI ETF Comparison

Comparison of Direxion Daily Semiconductor Bear 3x Shares (SOXS) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

SOXS

Direxion Daily Semiconductor Bear 3x Shares

SOXS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the PHLX Semiconductor Sector Index. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.43

Average Daily Volume

61,235,593

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$50.75

Average Daily Volume

125,887

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOXS	FEPI
30 Days	6.76%	-0.06%
60 Days	2.70%	2.02%
90 Days	-31.81%	8.39%
12 Months	-80.02%	24.15%

6 Overlapping Holdings

Symbol	Grade	Weight in SOXS	Weight in FEPI	Overlap
AMD	F	4.66%	6.66%	4.66%
AVGO	B	7.0%	6.63%	6.63%
INTC	C	7.36%	6.68%	6.68%
MU	C	4.35%	6.97%	4.35%
NVDA	B	8.24%	7.28%	7.28%
QCOM	D	8.23%	6.54%	6.54%

SOXS Overweight 20 Positions Relative to FEPI

Symbol	Grade	Weight
TXN	A	7.85%
NXPI	C	4.15%
LRCX	F	4.14%
TSM	B	3.95%
AMAT	F	3.89%
KLAC	F	3.8%
ADI	C	3.79%
MCHP	F	3.53%
ASML	F	3.0%
SWKS	F	2.85%
MRVL	A	2.56%
QRVO	F	1.8%
TER	F	1.59%
ON	D	1.38%
MPWR	F	1.06%
ENTG	D	1.02%
MKSI	F	0.84%
SLAB	F	0.7%
CRUS	F	0.66%
SMTC	B	0.49%

SOXS Underweight 9 Positions Relative to FEPI

Symbol	Grade	Weight
TSLA	A	-8.08%
NFLX	A	-7.27%
MSFT	D	-6.94%
AMZN	A	-6.8%
CRM	A	-6.78%
AAPL	C	-6.73%
GOOGL	A	-6.72%
META	B	-6.62%
ADBE	F	-6.47%