Snapshot*
Top 10 Holdings
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.
DFENPerformance Measures**
for the time period May 3, 2017 to Aug 5, 2026
1M Trailing Return: -0.7%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 48.8%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -91.4%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 71.6%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.61
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: 0.20
The annualized return divided by the max drawdown for the selected time period.
ETFs related toDFEN
ETFs correlated to DFEN include ITA, PPA, XAR
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
Growth Blend v2.2 RL
Category
Tactical allocation, Momentum, Trend-following, Leveraged ETFs, Market timing, Volatility hedge
OOS Cumulative Return
347.15%
3x Melting Pot
Category
Leveraged ETFs, mean reversion, tactical rotation, multi-asset, daily rebalance, high risk
OOS Cumulative Return
142.75%
Create your own algorithmic trading strategy with DFEN using Composer
FAQ
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.