XLF vs. FAZ ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to Direxion Financial Bear 3X Shares (FAZ)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.87

Average Daily Volume

37,754,300

Number of Holdings ^*

71

* may have additional holdings in another (foreign) market

FAZ

Direxion Financial Bear 3X Shares

FAZ Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® 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

$6.19

Average Daily Volume

8,257,575

Number of Holdings ^*

97

* may have additional holdings in another (foreign) market

Performance

Period	XLF	FAZ
30 Days	9.89%	-25.69%
60 Days	12.28%	-29.80%
90 Days	17.79%	-38.58%
12 Months	49.75%	-67.46%

57 Overlapping Holdings

	Symbol	Grade	Weight in XLF	Weight in FAZ	Overlap
	ACGL	D	0.6%	0.28%	0.28%
	AFL	D	0.85%	0.62%	0.62%
	AIG	B	0.76%	0.74%	0.74%
	AJG	C	0.95%	0.28%	0.28%
	ALL	D	0.76%	0.61%	0.61%
	AMP	A	0.77%	0.35%	0.35%
	AON	B	1.23%	0.79%	0.79%
	AXP	A	2.36%	1.41%	1.41%
	BAC	A	4.38%	4.53%	4.38%
	BK	B	0.86%	0.61%	0.61%
	BRK.A	C	12.76%	7.22%	7.22%
	C	B	1.88%	2.84%	1.88%
	CB	D	1.63%	1.11%	1.11%
	CFG	A	0.29%	0.28%	0.28%
	CINF	B	0.34%	0.26%	0.26%
	CME	C	1.25%	1.18%	1.18%
	COF	B	0.97%	0.78%	0.78%
	DFS	B	0.59%	0.42%	0.42%
	FIS	C	0.76%	1.44%	0.76%
	FITB	A	0.46%	0.33%	0.33%
	GPN	C	0.4%	0.95%	0.4%
	GS	A	2.54%	1.27%	1.27%
	HBAN	A	0.35%	0.24%	0.24%
	HIG	C	0.5%	0.35%	0.35%
	ICE	D	1.46%	0.85%	0.85%
	JKHY	C	0.2%	0.18%	0.18%
	JPM	A	9.77%	6.91%	6.91%
	KEY	A	0.25%	0.31%	0.25%
	L	B	0.22%	0.22%	0.22%
	MA	B	6.49%	4.6%	4.6%
	MCO	D	1.1%	0.68%	0.68%
	MET	B	0.75%	0.66%	0.66%
	MKTX	C	0.17%	0.22%	0.17%
	MMC	D	1.66%	0.93%	0.93%
	MS	B	2.25%	1.07%	1.07%
	MSCI	C	0.68%	0.37%	0.37%
	MTB	A	0.5%	0.34%	0.34%
	NDAQ	B	0.48%	0.2%	0.2%
	NTRS	B	0.31%	0.34%	0.31%
	PFG	C	0.28%	0.25%	0.25%
	PGR	B	2.18%	0.71%	0.71%
	PNC	A	1.16%	1.08%	1.08%
	PRU	B	0.69%	0.63%	0.63%
	PYPL	B	1.22%	2.19%	1.22%
	RF	A	0.34%	0.25%	0.25%
	RJF	A	0.42%	0.19%	0.19%
	SCHW	B	1.62%	0.89%	0.89%
	SPGI	D	2.38%	1.17%	1.17%
	STT	B	0.42%	0.48%	0.42%
	SYF	A	0.34%	0.37%	0.34%
	TFC	A	0.89%	1.21%	0.89%
	TROW	A	0.38%	0.48%	0.38%
	TRV	B	0.87%	0.58%	0.58%
	USB	B	1.16%	1.27%	1.16%
	V	A	7.42%	5.62%	5.62%
	WFC	B	3.41%	3.0%	3.0%
	WTW	A	0.46%	0.42%	0.42%

XLF Overweight 14 Positions Relative to FAZ

	Symbol	Grade	Weight
	BX	B	1.89%
	FI	A	1.76%
	KKR	A	1.44%
	BRO	B	0.38%
	CPAY	B	0.35%
	CBOE	C	0.34%
	WRB	B	0.27%
	FDS	B	0.26%
	EG	F	0.25%
	ERIE	D	0.17%
	GL	B	0.15%
	AIZ	B	0.15%
	IVZ	B	0.12%
	BEN	C	0.1%

XLF Underweight 40 Positions Relative to FAZ

	Symbol	Grade	Weight
	AMT	F	-1.64%
	BLK	B	-1.01%
	CCI	F	-0.96%
	PLD	F	-0.95%
	EQIX	C	-0.8%
	SPG	B	-0.73%
	WELL	C	-0.56%
	PSA	D	-0.52%
	AVB	C	-0.48%
	EQR	D	-0.48%
	SBAC	D	-0.45%
	DLR	C	-0.41%
	O	D	-0.4%
	SQ	B	-0.38%
	WY	F	-0.37%
	VTR	C	-0.35%
	BXP	C	-0.34%
	ESS	D	-0.33%
	CBRE	C	-0.33%
	ARE	D	-0.3%
	EFX	D	-0.3%
	TRU	C	-0.28%
	INVH	D	-0.26%
	MKL	B	-0.26%
	BR	B	-0.24%
	MAA	D	-0.24%
	SUI	D	-0.23%
	WPC	F	-0.23%
	UDR	D	-0.22%
	NLY	D	-0.22%
	EXR	D	-0.22%
	ELS	D	-0.2%
	FNF	C	-0.2%
	HST	C	-0.2%
	ALLY	C	-0.19%
	FICO	A	-0.19%
	WU	F	-0.19%
	VNO	B	-0.19%
	LNC	A	-0.19%
	MPW	D	-0.18%

XLF: Top Represented Industries & Keywords

Industries: Asset Management Banks - Regional - US Capital Markets Credit Services Insurance - Property & Casualty Insurance Brokers Business Services Insurance - Diversified Insurance - Life Banks - Global Financial Data & Stock Exchanges Insurance - Reinsurance

Keywords: S&P 500 Insurance Bank Banking Insurance Products Investment Bank Cash Management Disability Casualty Insurance Financial Products Investment Management Risk Management Commercial Banking Life Insurance Investment Product Payment Systems Risk Management Services Asset Management Services Credit Card Health Insurance

FAZ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Capital Markets Credit Services REIT - Residential Insurance - Property & Casualty Asset Management Business Services Insurance - Life Banks - Global Insurance - Diversified Insurance Brokers REIT - Diversified REIT - Office Financial Data & Stock Exchanges REIT - Healthcare Facilities REIT - Industrial REIT - Retail Telecom Services Insurance - Specialty Lumber & Wood Production

Keywords: S&P 500 Insurance Bank Real Estate Investment Trust Banking Investment Bank Insurance Products Cash Management Financial Products Disability Investment Management Commercial Banking Payment Systems Real Estate Market Casualty Insurance Risk Management Investment Product Life Insurance Advisory Services Asset Management Services