XVOL vs. FAS ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to Direxion Financial Bull 3X Shares (FAS)

XVOL

Acruence Active Hedge U.S. Equity ETF

XVOL Description

Valor Latitude Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Grade (RS Rating)

Last Trade

$23.87

Average Daily Volume

2,322

Number of Holdings ^*

* 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

$175.62

Average Daily Volume

588,047

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	FAS
30 Days	9.73%	21.76%
60 Days	10.22%	33.63%
90 Days	11.71%	42.90%
12 Months	36.35%	160.25%

7 Overlapping Holdings

Symbol	Grade	Weight in XVOL	Weight in FAS	Overlap
BX	A	1.75%	1.33%	1.33%
ICE	C	1.3%	0.9%	0.9%
KKR	A	2.01%	1.03%	1.03%
PGR	A	1.43%	1.51%	1.43%
SPGI	C	1.19%	1.61%	1.19%
TFC	A	2.9%	0.62%	0.62%
TRV	B	1.39%	0.59%	0.59%

XVOL Overweight 42 Positions Relative to FAS

Symbol	Grade	Weight
APP	B	4.72%
GFF	A	3.82%
VZ	C	3.71%
VST	B	2.93%
AXS	A	2.9%
PLTR	B	2.77%
CCOI	B	2.59%
WAFD	B	2.44%
NNN	D	2.41%
TMP	B	2.35%
THG	A	2.3%
NTRA	B	2.15%
AVGO	D	2.1%
BBY	D	2.01%
FICO	B	1.99%
NRG	B	1.97%
WSM	B	1.88%
MSI	B	1.84%
WELL	A	1.75%
T	A	1.73%
CTAS	B	1.72%
SWX	B	1.71%
SPG	B	1.68%
USFD	A	1.63%
VTR	C	1.62%
HFWA	B	1.62%
WMT	A	1.62%
MMM	D	1.61%
BMY	B	1.58%
ORCL	B	1.58%
PKG	A	1.54%
TW	A	1.54%
MPLX	A	1.52%
O	D	1.52%
FNF	B	1.42%
GTY	B	1.41%
ORI	A	1.36%
BSX	B	1.36%
PEG	A	1.35%
EFX	F	1.33%
RKT	F	1.15%
PLOW	D	1.11%

XVOL Underweight 65 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.59%
JPM	A	-6.86%
V	A	-5.14%
MA	C	-4.23%
BAC	A	-3.11%
WFC	A	-2.51%
GS	A	-1.84%
MS	A	-1.64%
AXP	A	-1.62%
BLK	C	-1.43%
C	A	-1.3%
FI	A	-1.26%
SCHW	B	-1.2%
MMC	B	-1.09%
CB	C	-1.06%
PYPL	B	-0.87%
AON	A	-0.83%
CME	A	-0.82%
PNC	B	-0.81%
USB	A	-0.79%
MCO	B	-0.74%
COF	B	-0.69%
AJG	B	-0.65%
BK	A	-0.58%
AFL	B	-0.56%
AMP	A	-0.55%
ALL	A	-0.52%
MET	A	-0.49%
AIG	B	-0.48%
FIS	C	-0.47%
MSCI	C	-0.46%
PRU	A	-0.44%
DFS	B	-0.43%
MTB	A	-0.36%
ACGL	D	-0.36%
HIG	B	-0.35%
NDAQ	A	-0.33%
WTW	B	-0.31%
FITB	A	-0.31%
RJF	A	-0.3%
GPN	B	-0.29%
STT	A	-0.28%
CPAY	A	-0.26%
BRO	B	-0.26%
TROW	B	-0.26%
HBAN	A	-0.25%
SYF	B	-0.25%
CINF	A	-0.24%
RF	A	-0.24%
NTRS	A	-0.22%
CBOE	B	-0.22%
CFG	B	-0.21%
KEY	B	-0.18%
PFG	D	-0.18%
FDS	B	-0.18%
WRB	A	-0.18%
EG	C	-0.16%
L	A	-0.15%
JKHY	D	-0.12%
ERIE	D	-0.11%
AIZ	A	-0.11%
GL	B	-0.1%
MKTX	D	-0.1%
IVZ	B	-0.08%
BEN	C	-0.07%