DFEN vs. DXYZ
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%), while DXYZ (Destiny Tech100 Inc) is a stock. Over the past year, DFEN returned 76.99% vs -28.04% for DXYZ. At a 0.32 correlation, their price movements are largely independent.
Performance
DFEN vs. DXYZ - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN achieves a 13.12% return, which is significantly higher than DXYZ's -5.42% return.
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
DXYZ
- 1D
- -25.14%
- 1M
- -44.50%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -28.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN vs. DXYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 13.12% | 156.62% | 20.31% |
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
Correlation
The correlation between DFEN and DXYZ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.32 |
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Return for Risk
DFEN vs. DXYZ — Risk / Return Rank
DFEN
DXYZ
DFEN vs. DXYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Destiny Tech100 Inc (DXYZ). 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.
| DFEN | DXYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.03 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.47 | +2.33 |
| Martin ratioReturn relative to average drawdown | 4.29 | -0.93 | +5.23 |
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Drawdowns
DFEN vs. DXYZ - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, roughly equal to the maximum DXYZ drawdown of -90.35%. Use the drawdown chart below to compare losses from any high point for DFEN and DXYZ.
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Drawdown Indicators
| DFEN | DXYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -90.35% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | -59.33% | +17.58% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.30% | — | — |
Current DrawdownCurrent decline from peak | -25.87% | -70.97% | +45.10% |
Average DrawdownAverage peak-to-trough decline | -45.20% | -68.37% | +23.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.99% | 30.12% | -12.13% |
Volatility
DFEN vs. DXYZ - Volatility Comparison
The current volatility for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is 27.31%, while Destiny Tech100 Inc (DXYZ) has a volatility of 52.18%. This indicates that DFEN experiences smaller price fluctuations and is considered to be less risky than DXYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN | DXYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.31% | 52.18% | -24.87% |
Volatility (6M)Calculated over the trailing 6-month period | 55.81% | 85.74% | -29.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.81% | 101.63% | -35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.74% | 165.45% | -104.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 165.45% | -93.79% |
Dividends
DFEN vs. DXYZ - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 7.89%, while DXYZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DXYZ Destiny Tech100 Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFEN and DXYZ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXYZ has higher volatility (52.18%) compared to DFEN (27.31%). In terms of maximum drawdown, DFEN dropped -91.36% vs DXYZ's -90.35%.
DFEN currently has the higher Sharpe Ratio (1.18 vs -0.28), 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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