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Direxion Daily Aerospace & Defense Bull 3X Shares

DFEN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2017
Expense Ratio
0.96%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$6,400,208
AUM
$192,479,153
Associated Index
Dow Jones US Select Aerospace & Defense Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
4.83%
RTX
Raytheon Technologies Corporation
4.32%
LMT
Lockheed Martin Corp.
3.11%
n/a
DREYFUS GOVT CASH MGMT
3.11%
BA
Boeing Co.
1.75%
TDG
Transdigm Group Incorporated
1.04%
HWM
Howmet Aerospace Inc
0.91%
TXT
Textron Inc.
0.87%
GD
General Dynamics Corp.
0.83%
LHX
L3Harris Technologies Inc
0.82%
Invest with DFEN

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.

ETFs related toDFEN

ETFs correlated to DFEN include GDEF, GJAN, ITA

DFENDirexion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X Shares
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
ITABlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
MISLFirst Trust Exchange-Traded Fund - First Trust Indxx Aerospace & Defense ETF
PPAInvesco Capital Management LLC - Invesco Aerospace & Defense ETF
XARSPDR Series Trust - SPDR S&P Aerospace & Defense ETF
ROKTSPDR Series Trust - SPDR S&P Kensho Final Frontiers ETF
XLISSgA Active Trust - Industrial Select Sector SPDR
DUSLDirexion Shares ETF Trust - Direxion Daily Industrials Bull 3X Shares
VISVanguard Group, Inc. - Vanguard Industrials 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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.