DRS vs. DFEN

Last updated Apr 1, 2026

Compare and contrast key facts about Leonardo DRS Inc. Common Stock (DRS) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

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.

Performance

DRS vs. DFEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leonardo DRS Inc. Common Stock (DRS) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). The values are adjusted to include any dividend payments, if applicable.

DRS vs. DFEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRS Leonardo DRS Inc. Common Stock	30.84%	6.56%	61.23%	56.81%	16.29%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	-1.16%	156.62%	27.07%	24.70%	3.87%

Returns By Period

In the year-to-date period, DRS achieves a 30.84% return, which is significantly higher than DFEN's -1.16% return.

DRS

• 1D: 2.94%
• 1M: 2.80%
• YTD: 30.84%
• 6M: -1.49%
• 1Y: 36.62%
• 3Y*: 51.44%
• 5Y*: —
• 10Y*: —

DFEN

• 1D: 11.19%
• 1M: -30.09%
• YTD: -1.16%
• 6M: 1.22%
• 1Y: 127.12%
• 3Y*: 56.37%
• 5Y*: 30.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DRS vs. DFEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRS

DRS Risk / Return Rank: 67
DRS Sharpe Ratio Rank: 72
DRS Sortino Ratio Rank: 68
DRS Omega Ratio Rank: 67
DRS Calmar Ratio Rank: 66
DRS Martin Ratio Rank: 64

DFEN

DFEN Risk / Return Rank: 88
DFEN Sharpe Ratio Rank: 89
DFEN Sortino Ratio Rank: 87
DFEN Omega Ratio Rank: 84
DFEN Calmar Ratio Rank: 91
DFEN Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRS vs. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leonardo DRS Inc. Common Stock (DRS) 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.

	DRS	DFEN	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.83	-0.94
Sortino ratio Return per unit of downside risk	1.45	2.27	-0.81
Omega ratio Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio Return relative to maximum drawdown	1.13	3.03	-1.90
Martin ratio Return relative to average drawdown	2.38	10.38	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRS vs. DFEN - Sharpe Ratio Comparison

The current DRS Sharpe Ratio is 0.89, which is lower than the DFEN Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DRS and DFEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DRS	DFEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.83	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	0.21	+1.17

Correlation

The correlation between DRS and DFEN is 0.58, 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.

Dividends

DRS vs. DFEN - Dividend Comparison

DRS's dividend yield for the trailing twelve months is around 0.81%, less than DFEN's 9.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRS Leonardo DRS Inc. Common Stock	0.81%	1.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	9.03%	8.89%	14.12%	1.13%	0.46%	1.89%	0.48%	0.50%	1.07%	1.50%

Drawdowns

DRS vs. DFEN - Drawdown Comparison

The maximum DRS drawdown since its inception was -32.48%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for DRS and DFEN.

Drawdown Indicators

	DRS	DFEN	Difference
Max Drawdown Largest peak-to-trough decline	-32.48%	-91.36%	+58.88%
Max Drawdown (1Y) Largest decline over 1 year	-32.48%	-41.75%	+9.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.23%	—
Current Drawdown Current decline from peak	-7.47%	-35.23%	+27.76%
Average Drawdown Average peak-to-trough decline	-7.16%	-45.54%	+38.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.49%	12.18%	+3.31%

Volatility

DRS vs. DFEN - Volatility Comparison

The current volatility for Leonardo DRS Inc. Common Stock (DRS) is 10.86%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 23.85%. This indicates that DRS experiences smaller price fluctuations and is considered to be less risky than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRS	DFEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	23.85%	-12.99%
Volatility (6M) Calculated over the trailing 6-month period	30.52%	48.18%	-17.66%
Volatility (1Y) Calculated over the trailing 1-year period	41.37%	69.88%	-28.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.53%	59.00%	-20.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.53%	71.31%	-32.78%