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ETFs

Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
May 3, 2017
Expense Ratio
0.93%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$5,003,728
AUM
$124,279,450
Associated Index
Dow Jones US Select Aerospace & Defense Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
DREYFUS GOVT CASH MAN INS
5.57%
BA
Boeing Co.
4.11%
RTX
RTX Corp
3.82%
—
GOLDMAN FINL SQ TRSRY INST 506
3.62%
LMT
Lockheed Martin Corp.
1.78%
TXT
Textron Inc.
1.11%
LHX
L3Harris Technologies Inc
1.1%
NOC
Northrop Grumman Corp.
1.08%
GD
General Dynamics Corp.
1.08%
TDG
Transdigm Group Incorporated
1.04%
Invest with DFEN
Trade DFEN Options

What is DFEN?

The Direxion Daily Aerospace & Defense Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Aerospace & Defense Index. The Dow Jones U.S. Select Aerospace & Defense Index (DJSASDT) is provided by Dow Jones U.S. Index (the Index Provider ). The Index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The Index Provider selects the stocks comprising the Index from the aerospace and defense sector on the basis of the float-adjusted, market capitalization-weight of each constituent. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

1M
3M
6M
YTD
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3Y
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DFEN
Performance Measures**

for the time period May 3, 2017 to Dec 4, 2025

Returns

1M Trailing Return: -11.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -91.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 71.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.55

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.15

The annualized return divided by the max drawdown for the selected time period.

ETFs related toDFEN

ETFs correlated to DFEN include ITA, PPA, XAR

DFEN
Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X Shares
ITA
BlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
PPA
Invesco Capital Management LLC - Invesco Aerospace & Defense ETF
XAR
SPDR Series Trust - SPDR S&P Aerospace & Defense ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toDFEN

CQ | WIIGF? V1.0 | 10.12.23

Category

Tactical rotation, Momentum, Aerospace & Defense, Israel tech, Energy, Equal-weight, 3vs7-day trend, 90-day ranking

OOS Cumulative Return

81.74%

BIG_RED - 3xHCMT Doppleganger?

Category

Leveraged ETFs, Momentum, Trend-following, Tactical allocation, Risk-on/Risk-off

OOS Cumulative Return

62.26%

Create your own algorithmic trading strategy with DFEN using Composer

FAQ

DFEN is a US Equities ETF. The Direxion Daily Aerospace & Defense Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Aerospace & Defense Index. The Dow Jones U.S. Select Aerospace & Defense Index (DJSASDT) is provided by Dow Jones U.S. Index (the Index Provider ). The Index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The Index Provider selects the stocks comprising the Index from the aerospace and defense sector on the basis of the float-adjusted, market capitalization-weight of each constituent. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

DFEN tracks the Dow Jones US Select Aerospace & Defense Index.

No, DFEN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DFEN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFEN is -0.1831%. This is the percent change in the value of DFEN over the most recent 1-month period. The 3-month return on DFEN is -0.2073%. This is the percent change in the value of DFEN over the most recent 3-month period.

The standard deviation of DFEN for the past year is 0.5422%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFEN include SSO, QID, and SDS.

ETFs correlated to DFEN include ITA, PPA, and XAR.

ETFs that are inversely correlated to DFEN include DOG, SDOW, and DXD.

Yes, DFEN is a Leveraged (3x) ETF: This means that DFEN will try to match the performance of Dow Jones US Select Aerospace & Defense Index, but with 3x the returns.

No, DFEN is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.