DFEN vs. SOXL
Compare and contrast key facts about Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
DFEN and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both DFEN and SOXL 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 SOXL.
Key characteristics
| DFEN | SOXL | |
|---|---|---|
| YTD Return | 59.62% | 1.41% |
| 1Y Return | 109.21% | 59.41% |
| 3Y Return (Ann) | 22.92% | -20.15% |
| 5Y Return (Ann) | -8.63% | 16.61% |
| Sharpe Ratio | 2.62 | 0.55 |
| Sortino Ratio | 2.95 | 1.34 |
| Omega Ratio | 1.41 | 1.17 |
| Calmar Ratio | 1.61 | 0.76 |
| Martin Ratio | 16.53 | 1.80 |
| Ulcer Index | 7.04% | 30.53% |
| Daily Std Dev | 44.46% | 100.59% |
| Max Drawdown | -91.36% | -90.46% |
| Current Drawdown | -42.42% | -55.71% |
Correlation
The correlation between DFEN and SOXL is 0.48, 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. SOXL - Performance Comparison
In the year-to-date period, DFEN achieves a 59.62% return, which is significantly higher than SOXL's 1.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFEN vs. SOXL - Expense Ratio Comparison
Both DFEN and SOXL have an expense ratio of 0.99%.
Risk-Adjusted Performance
DFEN vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
DFEN vs. SOXL - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 0.83%, less than SOXL's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 0.83% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.46% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.97% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
DFEN vs. SOXL - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DFEN and SOXL. For additional features, visit the drawdowns tool.
Volatility
DFEN vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is 20.81%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.04%. This indicates that DFEN experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.