WEBL vs. INNO ETF Comparison

Comparison of Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) to Harbor Disruptive Innovation ETF (INNO)

WEBL

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.33

Average Daily Volume

282,879

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.94

Average Daily Volume

29,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WEBL	INNO
30 Days	26.33%	4.80%
60 Days	56.17%	9.63%
90 Days	60.52%	9.69%
12 Months	128.61%	29.74%

14 Overlapping Holdings

Symbol	Grade	Weight in WEBL	Weight in INNO	Overlap
AMZN	A	5.73%	2.97%	2.97%
CRM	B	4.25%	0.85%	0.85%
DASH	A	1.68%	2.79%	1.68%
DDOG	B	1.2%	1.38%	1.2%
DKNG	B	0.55%	0.47%	0.47%
GOOG	C	2.71%	3.5%	2.71%
GOOGL	C	3.27%	2.04%	2.04%
HUBS	B	0.91%	1.04%	0.91%
META	B	5.71%	2.08%	2.08%
NET	B	0.85%	1.23%	0.85%
NFLX	A	4.81%	1.09%	1.09%
OKTA	C	0.36%	0.53%	0.36%
SNOW	C	1.25%	0.41%	0.41%
TEAM	B	1.07%	2.1%	1.07%

WEBL Overweight 27 Positions Relative to INNO

Symbol	Grade	Weight
BKNG	A	3.01%
ANET	C	2.84%
CSCO	A	2.71%
PYPL	A	2.46%
ABNB	C	1.83%
WDAY	B	1.56%
CPRT	A	1.45%
VEEV	B	0.94%
EBAY	C	0.89%
RBLX	B	0.84%
CVNA	B	0.81%
GDDY	B	0.73%
ZM	B	0.61%
PINS	F	0.6%
AKAM	F	0.49%
NTNX	B	0.49%
VRSN	C	0.46%
DOCU	B	0.45%
JNPR	D	0.38%
PAYC	B	0.34%
CIEN	B	0.3%
SMAR	A	0.22%
CFLT	B	0.21%
DBX	B	0.19%
MARA	B	0.17%
BOX	A	0.15%
ZI	C	0.1%

WEBL Underweight 54 Positions Relative to INNO

Symbol	Grade	Weight
NVDA	A	-4.44%
NOW	A	-3.67%
CDNS	B	-3.14%
SHOP	B	-3.09%
FI	A	-2.93%
URI	B	-2.87%
PGR	A	-2.82%
MELI	D	-2.71%
LIN	D	-2.62%
LRCX	F	-2.58%
DHR	F	-2.51%
TXN	B	-2.45%
IOT	B	-2.21%
MSFT	C	-1.93%
TOST	A	-1.65%
ASND	F	-1.59%
CMG	B	-1.48%
AMD	F	-1.47%
TSM	C	-1.43%
CGNX	C	-1.29%
PCOR	B	-1.2%
GTLS	B	-1.05%
MNDY	C	-0.95%
SAP	B	-0.88%
MEDP	D	-0.87%
S	B	-0.86%
MTSI	B	-0.85%
ORCL	A	-0.82%
PANW	B	-0.79%
SE	B	-0.77%
ZS	B	-0.75%
LSCC	D	-0.7%
GEV	B	-0.69%
ROKU	C	-0.64%
NU	B	-0.64%
AMAT	F	-0.64%
MDB	C	-0.63%
DT	C	-0.62%
SQ	B	-0.59%
GLBE	B	-0.56%
LLY	F	-0.55%
PODD	B	-0.55%
ICLR	F	-0.5%
MRNA	F	-0.5%
SAIA	B	-0.46%
TSLA	B	-0.45%
CRWD	B	-0.44%
LEGN	F	-0.43%
RCKT	F	-0.39%
TDG	D	-0.35%
CHKP	C	-0.32%
DXCM	C	-0.3%
PCVX	D	-0.28%
BCYC	F	-0.18%