DFEN vs. QURE
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%), while QURE (uniQure N.V.) is a stock. Over the past 5 years, DFEN returned 29.22%/yr vs -5.23%/yr for QURE. At a 0.27 correlation, their price movements are largely independent.
Performance
DFEN vs. QURE - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN achieves a 13.12% return, which is significantly lower than QURE's 15.21% return.
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
QURE
- 1D
- 2.80%
- 1M
- -5.49%
- YTD
- 15.21%
- 6M
- 41.31%
- 1Y
- 72.42%
- 3Y*
- 10.96%
- 5Y*
- -5.23%
- 10Y*
- 11.46%
DFEN vs. QURE - 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% |
QURE uniQure N.V. | 15.21% | 35.50% | 160.86% | -70.14% | 9.31% | -42.60% | -49.58% | 148.65% | 47.12% | 268.23% |
Correlation
The correlation between DFEN and QURE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.27 |
The correlation between DFEN and QURE shifts across timeframes, from 0.10 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFEN vs. QURE — Risk / Return Rank
DFEN
QURE
DFEN vs. QURE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and uniQure N.V. (QURE). 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 | QURE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.83 | +1.02 |
| Martin ratioReturn relative to average drawdown | 4.29 | 1.35 | +2.94 |
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Drawdowns
DFEN vs. QURE - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, roughly equal to the maximum QURE drawdown of -95.40%. Use the drawdown chart below to compare losses from any high point for DFEN and QURE.
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Drawdown Indicators
| DFEN | QURE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -95.40% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | -87.21% | +45.46% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | -87.21% | +44.08% |
Max Drawdown (5Y)Largest decline over 5 years | -55.30% | -90.11% | +34.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.40% | — |
Current DrawdownCurrent decline from peak | -25.87% | -66.46% | +40.59% |
Average DrawdownAverage peak-to-trough decline | -45.20% | -56.61% | +11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.99% | 53.75% | -35.76% |
Volatility
DFEN vs. QURE - Volatility Comparison
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a higher volatility of 27.31% compared to uniQure N.V. (QURE) at 24.13%. This indicates that DFEN's price experiences larger fluctuations and is considered to be riskier than QURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN | QURE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.31% | 24.13% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 55.81% | 92.07% | -36.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.81% | 273.03% | -207.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.74% | 154.02% | -93.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 119.76% | -48.10% |
Dividends
DFEN vs. QURE - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 7.89%, while QURE 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% |
QURE uniQure N.V. | 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 QURE have a correlation of 0.10, 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 QURE (24.13%). In terms of maximum drawdown, DFEN dropped -91.36% vs QURE's -95.40%.
DFEN currently has the higher Sharpe Ratio (1.18 vs 0.27), 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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