DXPE vs. DFEN

Last updated Jun 13, 2026

DXPE (DXP Enterprises, 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 5 years, DXPE returned 39.05%/yr vs 29.22%/yr for DFEN. At a 0.49 correlation, their price movements are largely independent.

Performance

DXPE vs. DFEN - Performance Comparison

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

Returns By Period

In the year-to-date period, DXPE achieves a 53.85% return, which is significantly higher than DFEN's 13.12% return.

DXPE

• 1D: 0.88%
• 1M: 15.49%
• YTD: 53.85%
• 6M: 54.45%
• 1Y: 114.27%
• 3Y*: 67.49%
• 5Y*: 39.05%
• 10Y*: 27.71%

DFEN

• 1D: -2.71%
• 1M: 7.74%
• YTD: 13.12%
• 6M: 20.44%
• 1Y: 76.99%
• 3Y*: 64.38%
• 5Y*: 29.22%
• 10Y*: —

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

DXPE vs. DFEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXPE DXP Enterprises, Inc.	53.85%	32.89%	145.16%	22.32%	7.32%	15.47%	-44.16%	43.00%	-5.85%	-17.56%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	13.12%	156.62%	27.07%	24.70%	6.99%	12.72%	-70.23%	95.09%	-32.86%	83.64%

Correlation

The correlation between DXPE and DFEN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.49

The correlation between DXPE and DFEN shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DXPE vs. DFEN — Risk / Return Rank

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

DXPE

DXPE Risk / Return Rank: 87
DXPE Sharpe Ratio Rank: 91
DXPE Sortino Ratio Rank: 83
DXPE Omega Ratio Rank: 86
DXPE Calmar Ratio Rank: 87
DXPE Martin Ratio Rank: 88

DFEN

DFEN Risk / Return Rank: 38
DFEN Sharpe Ratio Rank: 37
DFEN Sortino Ratio Rank: 40
DFEN Omega Ratio Rank: 36
DFEN Calmar Ratio Rank: 42
DFEN Martin Ratio Rank: 33

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.

DXPE vs. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DXP Enterprises, Inc. (DXPE) 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.

	DXPE	DFEN	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.18	+1.05
Sortino ratio: Return per unit of downside risk	2.39	1.85	+0.54
Omega ratio: Gain probability vs. loss probability	1.35	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	3.48	1.85	+1.63
Martin ratio: Return relative to average drawdown	9.64	4.29	+5.34

DXPE vs. DFEN - Sharpe Ratio Comparison

The current DXPE Sharpe Ratio is 2.22, which is higher than the DFEN Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of DXPE and DFEN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXPE vs. DFEN - Drawdown Comparison

The maximum DXPE drawdown since its inception was -95.45%, roughly equal to the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for DXPE and DFEN.

Drawdown Indicators

	DXPE	DFEN	Difference
Max Drawdown Largest peak-to-trough decline	-95.45%	-91.36%	-4.09%
Max Drawdown (1Y) Largest decline over 1 year	-32.99%	-41.75%	+8.76%
Max Drawdown (3Y) Largest decline over 3 years	-32.99%	-43.13%	+10.14%
Max Drawdown (5Y) Largest decline over 5 years	-37.98%	-55.30%	+17.32%
Max Drawdown (10Y) Largest decline over 10 years	-77.28%	—	—
Current Drawdown Current decline from peak	-6.94%	-25.87%	+18.93%
Average Drawdown Average peak-to-trough decline	-54.49%	-45.20%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.90%	17.99%	-6.09%

Volatility

DXPE vs. DFEN - Volatility Comparison

The current volatility for DXP Enterprises, Inc. (DXPE) is 12.93%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 27.31%. This indicates that DXPE 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

	DXPE	DFEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.93%	27.31%	-14.38%
Volatility (6M) Calculated over the trailing 6-month period	35.29%	55.81%	-20.52%
Volatility (1Y) Calculated over the trailing 1-year period	51.74%	65.81%	-14.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.37%	60.74%	-15.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	71.66%	-15.65%

Dividends

DXPE vs. DFEN - Dividend Comparison

DXPE 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%
DXPE DXP Enterprises, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXPE and DFEN in my portfolio?

DXPE and DFEN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXPE or DFEN?

DFEN has higher volatility (27.31%) compared to DXPE (12.93%). In terms of maximum drawdown, DXPE dropped -95.45% vs DFEN's -91.36%.

Which has better risk-adjusted returns?

DXPE currently has the higher Sharpe Ratio (2.22 vs 1.18), 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.