DFEN vs. FSCO
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300% Daily), while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, DFEN returned 67.96%/yr vs 14.91%/yr for FSCO. At a 0.21 correlation, their price movements are largely independent.
Performance
DFEN vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN achieves a 20.97% return, which is significantly higher than FSCO's -17.20% return.
DFEN
- 1D
- -4.32%
- 1M
- 17.09%
- YTD
- 20.97%
- 6M
- 21.25%
- 1Y
- 87.39%
- 3Y*
- 67.96%
- 5Y*
- 33.49%
- 10Y*
- —
FSCO
- 1D
- -0.60%
- 1M
- -2.57%
- YTD
- -17.20%
- 6M
- -13.96%
- 1Y
- -22.70%
- 3Y*
- 14.91%
- 5Y*
- —
- 10Y*
- —
DFEN vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 20.97% | 156.62% | 27.07% | 24.70% | 7.05% |
FSCO FS Credit Opportunities Corp. | -17.20% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between DFEN and FSCO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.22 |
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Return for Risk
DFEN vs. FSCO — Risk / Return Rank
DFEN
FSCO
DFEN vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.86 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.64 | +2.85 |
| Martin ratioReturn relative to average drawdown | 5.08 | -1.26 | +6.34 |
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Drawdowns
DFEN vs. FSCO - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for DFEN and FSCO.
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Drawdown Indicators
| DFEN | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -35.53% | -55.83% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | -35.53% | -6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | -35.53% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -55.30% | — | — |
Current DrawdownCurrent decline from peak | -20.73% | -27.71% | +6.98% |
Average DrawdownAverage peak-to-trough decline | -45.15% | -8.11% | -37.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.16% | 17.93% | +0.23% |
Volatility
DFEN vs. FSCO - Volatility Comparison
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a higher volatility of 25.14% compared to FS Credit Opportunities Corp. (FSCO) at 6.04%. This indicates that DFEN's price experiences larger fluctuations and is considered to be riskier than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.14% | 6.04% | +19.10% |
Volatility (6M)Calculated over the trailing 6-month period | 56.03% | 22.58% | +33.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.17% | 27.39% | +38.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.80% | 28.18% | +32.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.64% | 28.18% | +43.46% |
Dividends
DFEN vs. FSCO - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 7.38%, less than FSCO's 15.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 7.38% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
FSCO FS Credit Opportunities Corp. | 15.92% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFEN and FSCO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEN has higher volatility (25.14%) compared to FSCO (6.04%). In terms of maximum drawdown, DFEN dropped -91.36% vs FSCO's -35.53%.
DFEN currently has the higher Sharpe Ratio (1.40 vs -0.83), 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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