DFEN vs. SGMT
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%), while SGMT (Sagimet Biosciences Inc.) is a stock. Over the past year, DFEN returned 76.99% vs -24.74% for SGMT. At a 0.21 correlation, their price movements are largely independent.
Performance
DFEN vs. SGMT - 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 SGMT's 9.46% return.
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
SGMT
- 1D
- 0.78%
- 1M
- -14.74%
- YTD
- 9.46%
- 6M
- 4.01%
- 1Y
- -24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN vs. SGMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 13.12% | 156.62% | 27.07% | 16.52% |
SGMT Sagimet Biosciences Inc. | 9.46% | 31.56% | -16.97% | -65.03% |
Correlation
The correlation between DFEN and SGMT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.21 |
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Return for Risk
DFEN vs. SGMT — Risk / Return Rank
DFEN
SGMT
DFEN vs. SGMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Sagimet Biosciences Inc. (SGMT). 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 | SGMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.02 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.45 | +2.30 |
| Martin ratioReturn relative to average drawdown | 4.29 | -0.73 | +5.03 |
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Drawdowns
DFEN vs. SGMT - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, roughly equal to the maximum SGMT drawdown of -89.69%. Use the drawdown chart below to compare losses from any high point for DFEN and SGMT.
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Drawdown Indicators
| DFEN | SGMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -89.69% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | -55.57% | +13.82% |
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% | -64.82% | +38.95% |
Average DrawdownAverage peak-to-trough decline | -45.20% | -65.85% | +20.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.99% | 33.91% | -15.92% |
Volatility
DFEN vs. SGMT - Volatility Comparison
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a higher volatility of 27.31% compared to Sagimet Biosciences Inc. (SGMT) at 13.28%. This indicates that DFEN's price experiences larger fluctuations and is considered to be riskier than SGMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEN | SGMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.31% | 13.28% | +14.03% |
Volatility (6M)Calculated over the trailing 6-month period | 55.81% | 59.70% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.81% | 100.42% | -34.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.74% | 150.96% | -90.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 150.96% | -79.30% |
Dividends
DFEN vs. SGMT - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 7.89%, while SGMT 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% |
SGMT Sagimet Biosciences 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 SGMT have a correlation of 0.19, 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 SGMT (13.28%). In terms of maximum drawdown, DFEN dropped -91.36% vs SGMT's -89.69%.
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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