DFEN vs. IRTC
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%), while IRTC (iRhythm Technologies, Inc.) is a stock. Over the past 5 years, DFEN returned 29.22%/yr vs 12.21%/yr for IRTC. At a 0.28 correlation, their price movements are largely independent.
Performance
DFEN vs. IRTC - 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 IRTC's -35.95% return.
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
IRTC
- 1D
- 0.87%
- 1M
- -0.88%
- YTD
- -35.95%
- 6M
- -32.68%
- 1Y
- -21.88%
- 3Y*
- 3.87%
- 5Y*
- 12.21%
- 10Y*
- —
DFEN vs. IRTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IRTC iRhythm Technologies, Inc. | -35.95% | 96.78% | -15.76% | 14.27% | -20.41% | -50.39% | 248.38% | -2.00% | 23.96% | 51.61% |
Correlation
The correlation between DFEN and IRTC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.28 |
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Return for Risk
DFEN vs. IRTC — Risk / Return Rank
DFEN
IRTC
DFEN vs. IRTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and iRhythm Technologies, Inc. (IRTC). 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 | IRTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.49 | +2.34 |
| Martin ratioReturn relative to average drawdown | 4.29 | -0.99 | +5.29 |
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Drawdowns
DFEN vs. IRTC - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, which is greater than IRTC's maximum drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for DFEN and IRTC.
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Drawdown Indicators
| DFEN | IRTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -84.39% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | -44.75% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | -53.83% | +10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -55.30% | -66.03% | +10.73% |
Current DrawdownCurrent decline from peak | -25.87% | -57.67% | +31.80% |
Average DrawdownAverage peak-to-trough decline | -45.20% | -37.10% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.99% | 22.10% | -4.11% |
Volatility
DFEN vs. IRTC - Volatility Comparison
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a higher volatility of 27.31% compared to iRhythm Technologies, Inc. (IRTC) at 11.53%. This indicates that DFEN's price experiences larger fluctuations and is considered to be riskier than IRTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN | IRTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.31% | 11.53% | +15.78% |
Volatility (6M)Calculated over the trailing 6-month period | 55.81% | 32.11% | +23.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.81% | 42.84% | +22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.74% | 63.42% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 61.72% | +9.94% |
Dividends
DFEN vs. IRTC - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 7.89%, while IRTC 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% |
IRTC iRhythm Technologies, 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 IRTC have a correlation of 0.26, 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 IRTC (11.53%). In terms of maximum drawdown, DFEN dropped -91.36% vs IRTC's -84.39%.
DFEN currently has the higher Sharpe Ratio (1.18 vs -0.51), 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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