ACMR vs. DFEN

Last updated Jun 13, 2026

ACMR (ACM Research, Inc.) is a stock, while DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%). Over the past 5 years, ACMR returned 25.99%/yr vs 29.22%/yr for DFEN. At a 0.29 correlation, their price movements are largely independent.

Performance

ACMR vs. DFEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ACM Research, Inc. (ACMR) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACMR achieves a 138.15% return, which is significantly higher than DFEN's 13.12% return.

ACMR

• 1D: 2.45%
• 1M: 45.10%
• YTD: 138.15%
• 6M: 141.95%
• 1Y: 265.21%
• 3Y*: 104.60%
• 5Y*: 25.99%
• 10Y*: —

DFEN

• 1D: -2.71%
• 1M: 7.74%
• YTD: 13.12%
• 6M: 20.44%
• 1Y: 76.99%
• 3Y*: 64.38%
• 5Y*: 29.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACMR vs. DFEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACMR ACM Research, Inc.	138.15%	161.26%	-22.72%	153.44%	-72.87%	4.95%	340.38%	69.58%	107.24%	-35.74%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	13.12%	156.62%	27.07%	24.70%	6.99%	12.72%	-70.23%	95.09%	-32.86%	7.42%

Correlation

The correlation between ACMR and DFEN is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017	0.29

The correlation between ACMR and DFEN shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ACMR vs. DFEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACMR

ACMR Risk / Return Rank: 94
ACMR Sharpe Ratio Rank: 97
ACMR Sortino Ratio Rank: 91
ACMR Omega Ratio Rank: 92
ACMR Calmar Ratio Rank: 94
ACMR Martin Ratio Rank: 93

DFEN

DFEN Risk / Return Rank: 38
DFEN Sharpe Ratio Rank: 37
DFEN Sortino Ratio Rank: 40
DFEN Omega Ratio Rank: 36
DFEN Calmar Ratio Rank: 42
DFEN Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACMR vs. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ACM Research, Inc. (ACMR) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACMR	DFEN	Difference
Sharpe ratio: Return per unit of total volatility	3.44	1.18	+2.26
Sortino ratio: Return per unit of downside risk	3.18	1.85	+1.33
Omega ratio: Gain probability vs. loss probability	1.45	1.22	+0.23
Calmar ratio: Return relative to maximum drawdown	5.76	1.85	+3.91
Martin ratio: Return relative to average drawdown	14.73	4.29	+10.43

ACMR vs. DFEN - Sharpe Ratio Comparison

The current ACMR Sharpe Ratio is 3.44, which is higher than the DFEN Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of ACMR and DFEN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACMR vs. DFEN - Drawdown Comparison

The maximum ACMR drawdown since its inception was -87.23%, roughly equal to the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for ACMR and DFEN.

Drawdown Indicators

	ACMR	DFEN	Difference
Max Drawdown Largest peak-to-trough decline	-87.23%	-91.36%	+4.13%
Max Drawdown (1Y) Largest decline over 1 year	-46.34%	-41.75%	-4.59%
Max Drawdown (3Y) Largest decline over 3 years	-58.42%	-43.13%	-15.29%
Max Drawdown (5Y) Largest decline over 5 years	-84.81%	-55.30%	-29.51%
Current Drawdown Current decline from peak	0.00%	-25.87%	+25.87%
Average Drawdown Average peak-to-trough decline	-39.55%	-45.20%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.11%	17.99%	+0.12%

Volatility

ACMR vs. DFEN - Volatility Comparison

ACM Research, Inc. (ACMR) has a higher volatility of 33.26% compared to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) at 27.31%. This indicates that ACMR's price experiences larger fluctuations and is considered to be riskier than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACMR	DFEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.26%	27.31%	+5.95%
Volatility (6M) Calculated over the trailing 6-month period	59.35%	55.81%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	77.68%	65.81%	+11.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.77%	60.74%	+20.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.99%	71.66%	+12.33%

Dividends

ACMR vs. DFEN - Dividend Comparison

ACMR has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 7.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACMR ACM Research, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	7.89%	8.89%	14.12%	1.13%	0.46%	1.89%	0.48%	0.50%	1.07%	1.50%

Frequently Asked Questions

Can I hold both ACMR and DFEN in my portfolio?

ACMR and DFEN have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACMR or DFEN?

ACMR has higher volatility (33.26%) compared to DFEN (27.31%). In terms of maximum drawdown, ACMR dropped -87.23% vs DFEN's -91.36%.

Which has better risk-adjusted returns?

ACMR currently has the higher Sharpe Ratio (3.44 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.