DDS vs. DFEN
DDS (Dillard's, 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, DDS returned 35.97%/yr vs 29.22%/yr for DFEN. At a 0.34 correlation, their price movements are largely independent.
Performance
DDS vs. DFEN - Performance Comparison
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Returns By Period
In the year-to-date period, DDS achieves a 0.66% return, which is significantly lower than DFEN's 13.12% return.
DDS
- 1D
- -0.70%
- 1M
- 14.47%
- YTD
- 0.66%
- 6M
- -10.45%
- 1Y
- 58.44%
- 3Y*
- 27.17%
- 5Y*
- 35.97%
- 10Y*
- 30.59%
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
DDS vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDS Dillard's, Inc. | 0.66% | 46.81% | 13.47% | 32.05% | 38.66% | 306.41% | -12.71% | 22.76% | 0.97% | 7.85% |
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% | 83.64% |
Correlation
The correlation between DDS and DFEN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.34 |
The correlation between DDS and DFEN shifts across timeframes, from 0.22 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DDS vs. DFEN — Risk / Return Rank
DDS
DFEN
DDS vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dillard's, Inc. (DDS) 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.
| DDS | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.85 | +0.57 |
| Martin ratioReturn relative to average drawdown | 5.60 | 4.29 | +1.30 |
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Drawdowns
DDS vs. DFEN - Drawdown Comparison
The maximum DDS drawdown since its inception was -93.62%, roughly equal to the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for DDS and DFEN.
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Drawdown Indicators
| DDS | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.62% | -91.36% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -24.27% | -41.75% | +17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -42.02% | -43.13% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -49.71% | -55.30% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -76.57% | — | — |
Current DrawdownCurrent decline from peak | -12.84% | -25.87% | +13.03% |
Average DrawdownAverage peak-to-trough decline | -35.61% | -45.20% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 17.99% | -7.52% |
Volatility
DDS vs. DFEN - Volatility Comparison
The current volatility for Dillard's, Inc. (DDS) is 10.15%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 27.31%. This indicates that DDS experiences smaller price fluctuations and is considered to be less risky than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDS | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 27.31% | -17.16% |
Volatility (6M)Calculated over the trailing 6-month period | 27.84% | 55.81% | -27.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.57% | 65.81% | -26.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.28% | 60.74% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.53% | 71.66% | -12.13% |
Dividends
DDS vs. DFEN - Dividend Comparison
DDS's dividend yield for the trailing twelve months is around 5.11%, less than DFEN's 7.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDS Dillard's, Inc. | 5.11% | 5.13% | 6.02% | 5.18% | 4.89% | 6.41% | 0.95% | 0.68% | 0.66% | 0.57% | 0.45% | 0.40% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
DDS and DFEN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEN has higher volatility (27.31%) compared to DDS (10.15%). In terms of maximum drawdown, DDS dropped -93.62% vs DFEN's -91.36%.
DDS currently has the higher Sharpe Ratio (1.48 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.
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