DFEN vs. FAS
Compare and contrast key facts about Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Direxion Daily Financial Bull 3X Shares (FAS).
DFEN and FAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFEN is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index (300%). It was launched on May 3, 2017. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. Both DFEN and FAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFEN or FAS.
Correlation
The correlation between DFEN and FAS is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DFEN vs. FAS - Performance Comparison
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Key characteristics
DFEN:
0.74
FAS:
0.79
DFEN:
1.32
FAS:
1.36
DFEN:
1.19
FAS:
1.20
DFEN:
0.72
FAS:
1.10
DFEN:
3.64
FAS:
3.58
DFEN:
13.07%
FAS:
13.24%
DFEN:
67.17%
FAS:
60.52%
DFEN:
-91.36%
FAS:
-94.81%
DFEN:
-38.62%
FAS:
-14.86%
Returns By Period
In the year-to-date period, DFEN achieves a 33.90% return, which is significantly higher than FAS's 4.67% return.
DFEN
33.90%
33.32%
5.21%
49.18%
38.65%
N/A
FAS
4.67%
23.77%
-5.12%
47.23%
47.28%
18.12%
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DFEN vs. FAS - Expense Ratio Comparison
DFEN has a 0.99% expense ratio, which is lower than FAS's 1.00% expense ratio.
Risk-Adjusted Performance
DFEN vs. FAS — Risk-Adjusted Performance Rank
DFEN
FAS
DFEN vs. FAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Direxion Daily Financial Bull 3X Shares (FAS). 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.
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Dividends
DFEN vs. FAS - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 10.42%, more than FAS's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 10.42% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.46% |
FAS Direxion Daily Financial Bull 3X Shares | 0.78% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
Drawdowns
DFEN vs. FAS - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, roughly equal to the maximum FAS drawdown of -94.81%. Use the drawdown chart below to compare losses from any high point for DFEN and FAS. For additional features, visit the drawdowns tool.
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Volatility
DFEN vs. FAS - Volatility Comparison
The current volatility for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is 15.13%, while Direxion Daily Financial Bull 3X Shares (FAS) has a volatility of 16.44%. This indicates that DFEN experiences smaller price fluctuations and is considered to be less risky than FAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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