GILT vs. DFEN

Last updated Jun 5, 2026

GILT (Gilat Satellite Networks Ltd) 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, GILT returned 8.71%/yr vs 28.69%/yr for DFEN. At a 0.35 correlation, their price movements are largely independent.

Performance

GILT vs. DFEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gilat Satellite Networks Ltd (GILT) 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, GILT achieves a 23.42% return, which is significantly higher than DFEN's 11.16% return.

GILT

• 1D: 3.17%
• 1M: -20.43%
• YTD: 23.42%
• 6M: 35.57%
• 1Y: 167.06%
• 3Y*: 44.71%
• 5Y*: 8.71%
• 10Y*: 14.85%

DFEN

• 1D: 8.80%
• 1M: 20.99%
• YTD: 11.16%
• 6M: 26.30%
• 1Y: 71.41%
• 3Y*: 69.28%
• 5Y*: 28.69%
• 10Y*: —

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

GILT vs. DFEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILT Gilat Satellite Networks Ltd	23.42%	110.41%	0.65%	5.34%	-17.96%	18.14%	-12.01%	-9.43%	18.35%	54.18%
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	11.16%	156.62%	27.07%	24.70%	6.99%	12.72%	-70.23%	95.09%	-32.86%	83.64%

Correlation

The correlation between GILT and DFEN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 4, 2017	0.35

The correlation between GILT and DFEN shifts across timeframes, from 0.35 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GILT vs. DFEN — Risk / Return Rank

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

GILT

GILT Risk / Return Rank: 89
GILT Sharpe Ratio Rank: 91
GILT Sortino Ratio Rank: 85
GILT Omega Ratio Rank: 87
GILT Calmar Ratio Rank: 91
GILT Martin Ratio Rank: 91

DFEN

DFEN Risk / Return Rank: 33
DFEN Sharpe Ratio Rank: 32
DFEN Sortino Ratio Rank: 34
DFEN Omega Ratio Rank: 32
DFEN Calmar Ratio Rank: 36
DFEN Martin Ratio Rank: 29

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.

GILT vs. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gilat Satellite Networks Ltd (GILT) 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.

	GILT	DFEN	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.13	+1.29
Sortino ratio: Return per unit of downside risk	2.72	1.77	+0.95
Omega ratio: Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio: Return relative to maximum drawdown	5.00	1.72	+3.28
Martin ratio: Return relative to average drawdown	12.81	4.11	+8.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILT vs. DFEN - Sharpe Ratio Comparison

The current GILT Sharpe Ratio is 2.41, which is higher than the DFEN Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of GILT 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.

Sharpe Ratios by Period

	GILT	DFEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.13	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.48	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.23	-0.37

Drawdowns

GILT vs. DFEN - Drawdown Comparison

The maximum GILT drawdown since its inception was -99.94%, which is greater than DFEN's maximum drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for GILT and DFEN.

Drawdown Indicators

	GILT	DFEN	Difference
Max Drawdown Largest peak-to-trough decline	-99.94%	-91.36%	-8.58%
Max Drawdown (1Y) Largest decline over 1 year	-33.65%	-41.75%	+8.10%
Max Drawdown (3Y) Largest decline over 3 years	-41.94%	-43.13%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-63.20%	-56.23%	-6.97%
Max Drawdown (10Y) Largest decline over 10 years	-80.89%	—	—
Current Drawdown Current decline from peak	-99.43%	-27.15%	-72.28%
Average Drawdown Average peak-to-trough decline	-80.78%	-45.26%	-35.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.09%	17.45%	-4.36%

Volatility

GILT vs. DFEN - Volatility Comparison

Gilat Satellite Networks Ltd (GILT) has a higher volatility of 32.18% compared to Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) at 23.68%. This indicates that GILT'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.

Volatility by Period

	GILT	DFEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.18%	23.68%	+8.50%
Volatility (6M) Calculated over the trailing 6-month period	57.94%	53.64%	+4.30%
Volatility (1Y) Calculated over the trailing 1-year period	69.70%	63.76%	+5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.38%	60.27%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.48%	71.52%	-24.04%

Dividends

GILT vs. DFEN - Dividend Comparison

GILT has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 8.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares	8.03%	8.89%	14.12%	1.13%	0.46%	1.89%	0.48%	0.50%	1.07%	1.50%
GILT Gilat Satellite Networks Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	8.91%	5.52%	5.71%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GILT and DFEN in my portfolio?

GILT and DFEN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GILT or DFEN?

GILT has higher volatility (32.18%) compared to DFEN (23.68%). In terms of maximum drawdown, GILT dropped -99.94% vs DFEN's -91.36%.

Which has better risk-adjusted returns?

GILT currently has the higher Sharpe Ratio (2.41 vs 1.13), 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.