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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily Aerospace & Defense Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has returned -1.16% so far this year and 127.12% over the past 12 months.
Direxion Daily Aerospace & Defense Bull 3X Shares
- 1D
- 11.19%
- 1M
- -30.09%
- YTD
- -1.16%
- 6M
- 1.22%
- 1Y
- 127.12%
- 3Y*
- 56.37%
- 5Y*
- 30.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 3, 2017, DFEN's average daily return is +0.16%, while the average monthly return is +3.26%. At this rate, your investment would double in approximately 1.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +76.2%, while the worst month was Mar 2020 at -75.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DFEN closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +32.8%, while the worst single day was Mar 16, 2020 at -43.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.41% | 13.64% | -30.09% | -1.16% | |||||||||
| 2025 | 22.97% | -4.61% | -4.80% | -0.23% | 42.15% | 19.30% | 11.78% | 1.50% | 16.90% | 7.55% | -15.50% | 12.68% | 156.62% |
| 2024 | -10.41% | 11.67% | 9.10% | -5.67% | 13.60% | -9.21% | 25.09% | 7.43% | 2.86% | -11.72% | 21.98% | -19.60% | 27.07% |
| 2023 | 6.23% | -0.76% | -0.29% | -4.21% | -14.60% | 22.47% | 1.20% | -5.50% | -24.65% | 9.22% | 28.26% | 17.31% | 24.70% |
| 2022 | -6.25% | 33.87% | -3.79% | -20.54% | -4.40% | -10.14% | 12.58% | -7.20% | -28.48% | 57.62% | 11.32% | -0.97% | 6.99% |
| 2021 | -18.33% | 21.58% | 27.65% | 6.16% | 10.03% | -2.20% | -5.44% | -6.27% | -5.21% | 0.15% | -18.55% | 13.59% | 12.72% |
Benchmark Metrics
Direxion Daily Aerospace & Defense Bull 3X Shares has an annualized alpha of 2.64%, beta of 2.87, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 04, 2017.
- This ETF captured 338.48% of S&P 500 Index gains and 200.45% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.64% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 2.87 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 2.64%
- Beta
- 2.87
- R²
- 0.57
- Upside Capture
- 338.48%
- Downside Capture
- 200.45%
Expense Ratio
DFEN has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DFEN ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and compare them to a chosen benchmark (S&P 500 Index).
| DFEN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.90 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.27 | 1.39 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.40 | +1.63 |
Martin ratioReturn relative to average drawdown | 10.38 | 6.61 | +3.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore DFEN risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Direxion Daily Aerospace & Defense Bull 3X Shares provided a 9.03% dividend yield over the last twelve months, with an annual payout of $5.70 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.70 | $5.68 | $3.88 | $0.28 | $0.09 | $0.35 | $0.08 | $0.29 | $0.32 | $0.67 |
Dividend yield | 9.03% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Aerospace & Defense Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.04 | |||||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $5.55 | $5.68 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $3.67 | $3.88 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily Aerospace & Defense Bull 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily Aerospace & Defense Bull 3X Shares was 91.36%, occurring on Mar 23, 2020. Recovery took 1364 trading sessions.
The current Direxion Daily Aerospace & Defense Bull 3X Shares drawdown is 35.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -91.36% | Feb 13, 2020 | 27 | Mar 23, 2020 | 1364 | Aug 26, 2025 | 1391 |
| -61.07% | Oct 4, 2018 | 56 | Dec 24, 2018 | 182 | Sep 16, 2019 | 238 |
| -41.75% | Mar 3, 2026 | 20 | Mar 30, 2026 | — | — | — |
| -26.58% | Oct 28, 2025 | 19 | Nov 21, 2025 | 27 | Jan 2, 2026 | 46 |
| -25.73% | Jan 30, 2018 | 65 | May 2, 2018 | 88 | Sep 6, 2018 | 153 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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