TECL vs. RAVI ETF Comparison

Comparison of Direxion Technology Bull 3X Shares (TECL) to FlexShares Ready Access Variable Income Fund (RAVI)

TECL

Direxion Technology Bull 3X Shares

TECL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Technology Select Sector Index. The fund 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. The index includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.62

Average Daily Volume

1,020,329

Number of Holdings ^*

68

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TECL	RAVI
30 Days	4.53%	0.41%
60 Days	11.91%	0.65%
90 Days	6.58%	1.23%
12 Months	57.43%	5.45%

6 Overlapping Holdings

	Symbol	Grade	Weight in TECL	Weight in RAVI	Overlap
	CRM	B	2.22%	0.4%	0.4%
	DELL	C	0.27%	0.28%	0.27%
	HPE	B	0.19%	0.11%	0.11%
	MCHP	D	0.24%	0.22%	0.22%
	NVDA	C	9.56%	0.52%	0.52%
	ROP	B	0.42%	0.07%	0.07%

TECL Overweight 62 Positions Relative to RAVI

	Symbol	Grade	Weight
	AAPL	C	9.18%
	MSFT	F	8.4%
	AVGO	D	2.77%
	ORCL	B	2.06%
	ADBE	C	1.62%
	CSCO	B	1.61%
	ACN	C	1.56%
	AMD	F	1.55%
	NOW	A	1.48%
	INTU	C	1.35%
	IBM	C	1.33%
	TXN	C	1.3%
	QCOM	F	1.26%
	AMAT	F	1.06%
	PANW	C	0.88%
	PLTR	B	0.82%
	MU	D	0.76%
	INTC	D	0.74%
	ADI	D	0.73%
	ANET	C	0.69%
	LRCX	F	0.67%
	KLAC	D	0.6%
	APH	A	0.6%
	SNPS	B	0.58%
	MSI	B	0.57%
	CDNS	B	0.57%
	CRWD	B	0.55%
	ADSK	A	0.46%
	FTNT	C	0.41%
	FICO	B	0.39%
	NXPI	D	0.39%
	IT	C	0.29%
	CTSH	B	0.28%
	HPQ	B	0.25%
	GLW	B	0.25%
	ANSS	B	0.21%
	ON	D	0.2%
	KEYS	A	0.19%
	MPWR	F	0.19%
	GDDY	A	0.18%
	TYL	B	0.18%
	CDW	F	0.17%
	NTAP	C	0.17%
	PTC	A	0.16%
	TDY	B	0.15%
	ZBRA	B	0.14%
	STX	D	0.14%
	WDC	D	0.14%
	FSLR	F	0.14%
	TRMB	B	0.12%
	TER	D	0.12%
	VRSN	F	0.11%
	GEN	B	0.11%
	EPAM	C	0.1%
	FFIV	B	0.1%
	JBL	B	0.1%
	JNPR	F	0.09%
	AKAM	D	0.09%
	SWKS	F	0.09%
	ENPH	F	0.06%
	SMCI	F	0.06%
	QRVO	F	0.04%

TECL Underweight 95 Positions Relative to RAVI

	Symbol	Grade	Weight
	VLO	C	-1.51%
	ED	D	-1.05%
	OGS	A	-1.05%
	OTIS	C	-0.95%
	PYPL	B	-0.95%
	KDP	D	-0.95%
	DHR	F	-0.86%
	LYB	F	-0.83%
	DTE	C	-0.77%
	GE	D	-0.76%
	TSN	B	-0.7%
	WM	A	-0.69%
	CI	F	-0.67%
	CM	A	-0.62%
	GP	F	-0.59%
	GILD	C	-0.59%
	TFC	A	-0.59%
	AIG	B	-0.57%
	SJM	D	-0.57%
	NEE	D	-0.57%
	BAC	A	-0.57%
	AZO	C	-0.52%
	BNS	A	-0.52%
	D	C	-0.51%
	BDX	F	-0.51%
	TD	F	-0.51%
	RY	A	-0.51%
	SYK	C	-0.49%
	CCI	D	-0.49%
	AON	A	-0.46%
	UNH	C	-0.43%
	BMY	B	-0.43%
	AMZN	C	-0.42%
	SCHW	B	-0.42%
	VFC	C	-0.39%
	OGE	B	-0.39%
	ETR	B	-0.38%
	AEP	D	-0.38%
	CVX	A	-0.33%
	NDAQ	A	-0.31%
	ARCC	A	-0.3%
	T	A	-0.3%
	HSBC	B	-0.29%
	CFG	B	-0.29%
	MLM	B	-0.28%
	CMCSA	B	-0.28%
	DB	D	-0.28%
	CP	D	-0.27%
	WFC	A	-0.26%
	CAT	B	-0.26%
	CLX	B	-0.26%
	LEN	D	-0.26%
	SO	D	-0.26%
	ATHS	C	-0.26%
	GS	A	-0.26%
	AL	B	-0.25%
	C	A	-0.24%
	CMS	C	-0.24%
	FIS	C	-0.23%
	FITB	A	-0.22%
	PPL	B	-0.22%
	FOXA	B	-0.21%
	NYC	D	-0.21%
	CNP	B	-0.2%
	SBUX	A	-0.18%
	LUV	C	-0.18%
	MKC	D	-0.17%
	AEE	A	-0.17%
	BHF	B	-0.17%
	CVS	D	-0.16%
	KEY	B	-0.16%
	SEB	F	-0.16%
	UBS	C	-0.16%
	PSX	C	-0.16%
	AZN	D	-0.15%
	NWG	C	-0.15%
	BA	F	-0.15%
	ICE	C	-0.15%
	MUFG	B	-0.14%
	MET	A	-0.13%
	DHI	D	-0.13%
	AMT	D	-0.13%
	CNH	C	-0.13%
	ABBV	D	-0.13%
	EFX	F	-0.1%
	GM	B	-0.1%
	VZ	C	-0.1%
	MDLZ	F	-0.09%
	R	B	-0.08%
	HRL	D	-0.07%
	DUK	C	-0.07%
	COF	B	-0.06%
	MS	A	-0.06%
	PCAR	B	-0.05%
	JPM	A	-0.03%

TECL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Information Technology Services Software - Infrastructure Semiconductor Equipment & Materials Communication Equipment Computer Systems Data Storage Scientific & Technical Instruments Diversified Industrials Electronic Components Internet Content & Information Computer Hardware Consumer Electronics Contract Manufacturers Semiconductor Memory Solar

Keywords: S&P 500 Nasdaq 100 Computing Semiconductor Integrated Circuits Electronics Cloud Computing Work From Home Operating System Aerospace Dow Jones Component Mobile Devices Smartphones Software Electronic Design Ethernet Fabless Semiconductor Companies Firewall Information Management Power Management

RAVI: Top Represented Industries & Keywords

Industries: Banks - Global Utilities - Regulated Electric Banks - Regional - US Drug Manufacturers - Major Capital Markets Health Care Plans Packaged Foods Telecom Services Auto Manufacturers Business Services Credit Services Farm & Construction Equipment Financial Data & Stock Exchanges Insurance - Life Oil & Gas Refining & Marketing Rental & Leasing Services Residential Construction Semiconductors Specialty Industrial Machinery Specialty Retail

Keywords: S&P 500 Bank Banking Electricity Financial Products Natural Gas Nasdaq 100 Commercial Banking Investment Bank Cash Management Dow Jones Component Investment Banking Asset Management Services Insurance Investment Product Wealth Management Gas Transmission Insurance Products Natural Gas Transmission Primary Dealers