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Yes. First, XLF and FAZ do not track the same underlying benchmark. -> XLF tracks the S&P Financials Select Sector Index -> FAZ tracks the Russell 1000 Financial Services Index I'll ignore that for this sake, because their baskets are likely still very similar. Pretending their benchmarks were the same, you would theoretically have a dead on (3x) ...


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Briefing.com has an api and ravenpack has data as well to find news for stocks that are members of indices.



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