XLC trade for Meta and Alphabet exposure

Using XLC ETF to get exposure to Meta and Alphabet which is 40% of the fund. Taking advantage of the 61% drop from it's highs in Aug-Sep 2021, eventually the trend will change considering lower leverage of FB and GOOGL which is steady at 1.3 times it's Common Stock. FB has profit margin of 33% in 2021 which is high and has been fairly steady since 2017. Although ROE is sitting at 32% and 30% respectively for FB and GOOGL, the low leverage adds to its attractiveness. Considering we're entering a bear market, fundamentals are playing a key role in these growth stocks.