DOCS vs. DFEN
DOCS (Doximity, Inc.) is a stock, while DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300%). Over the past 3 years, DOCS returned -14.86%/yr vs 64.38%/yr for DFEN. At a 0.30 correlation, their price movements are largely independent.
Performance
DOCS vs. DFEN - Performance Comparison
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Returns By Period
In the year-to-date period, DOCS achieves a -54.74% return, which is significantly lower than DFEN's 13.12% return.
DOCS
- 1D
- 0.10%
- 1M
- -14.32%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.81%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
DOCS vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCS Doximity, Inc. | -54.74% | -17.06% | 90.41% | -16.45% | -33.05% | 21.76% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 13.12% | 156.62% | 27.07% | 24.70% | 6.99% | -23.77% |
Correlation
The correlation between DOCS and DFEN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.30 |
The correlation between DOCS and DFEN shifts across timeframes, from 0.17 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOCS vs. DFEN — Risk / Return Rank
DOCS
DFEN
DOCS vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). 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.
| DOCS | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.22 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.85 | -2.71 |
| Martin ratioReturn relative to average drawdown | -1.43 | 4.29 | -5.72 |
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Drawdowns
DOCS vs. DFEN - Drawdown Comparison
The maximum DOCS drawdown since its inception was -82.35%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for DOCS and DFEN.
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Drawdown Indicators
| DOCS | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -91.36% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -76.03% | -41.75% | -34.28% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -43.13% | -35.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.30% | — |
Current DrawdownCurrent decline from peak | -80.36% | -25.87% | -54.49% |
Average DrawdownAverage peak-to-trough decline | -57.18% | -45.20% | -11.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 17.99% | +27.50% |
Volatility
DOCS vs. DFEN - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 29.57% compared to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) at 27.31%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCS | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.57% | 27.31% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 55.81% | -10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.14% | 65.81% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.07% | 60.74% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.07% | 71.66% | -1.59% |
Dividends
DOCS vs. DFEN - Dividend Comparison
DOCS has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 7.89%.
| 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% |
DOCS Doximity, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DOCS and DFEN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCS has higher volatility (29.57%) compared to DFEN (27.31%). In terms of maximum drawdown, DOCS dropped -82.35% vs DFEN's -91.36%.
DFEN currently has the higher Sharpe Ratio (1.18 vs -1.20), 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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