DFEN vs. VOO
Compare and contrast key facts about Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Vanguard S&P 500 ETF (VOO).
DFEN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DFEN and VOO 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 VOO.
Key characteristics
| DFEN | VOO | |
|---|---|---|
| YTD Return | 61.72% | 26.94% |
| 1Y Return | 106.99% | 35.06% |
| 3Y Return (Ann) | 23.42% | 10.23% |
| 5Y Return (Ann) | -8.88% | 15.77% |
| Sharpe Ratio | 2.52 | 3.08 |
| Sortino Ratio | 2.88 | 4.09 |
| Omega Ratio | 1.40 | 1.58 |
| Calmar Ratio | 1.55 | 4.46 |
| Martin Ratio | 15.90 | 20.36 |
| Ulcer Index | 7.04% | 1.85% |
| Daily Std Dev | 44.36% | 12.23% |
| Max Drawdown | -91.36% | -33.99% |
| Current Drawdown | -41.66% | -0.25% |
Correlation
The correlation between DFEN and VOO is 0.66, 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. VOO - Performance Comparison
In the year-to-date period, DFEN achieves a 61.72% return, which is significantly higher than VOO's 26.94% 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. VOO - Expense Ratio Comparison
DFEN has a 0.99% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DFEN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 0.81%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 0.81% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DFEN vs. VOO - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DFEN and VOO. For additional features, visit the drawdowns tool.
Volatility
DFEN vs. VOO - Volatility Comparison
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a higher volatility of 20.76% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that DFEN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.