NEGG vs. DFEN

Last updated Jun 13, 2026

NEGG (Newegg Commerce, 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, NEGG returned -38.30%/yr vs 29.22%/yr for DFEN. At a 0.15 correlation, their price movements are largely independent.

Performance

NEGG vs. DFEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newegg Commerce, Inc. (NEGG) 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, NEGG achieves a -63.49% return, which is significantly lower than DFEN's 13.12% return.

NEGG

• 1D: -0.43%
• 1M: -20.37%
• YTD: -63.49%
• 6M: -70.11%
• 1Y: 77.83%
• 3Y*: -9.01%
• 5Y*: -38.30%
• 10Y*: -23.00%

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)

NEGG vs. DFEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEGG Newegg Commerce, Inc.	-63.49%	540.26%	-68.54%	-3.82%	-87.37%	149.88%	52.57%	-70.00%	-35.23%	11.46%
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 NEGG and DFEN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.15

Return for Risk

NEGG vs. DFEN — Risk / Return Rank

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

NEGG

NEGG Risk / Return Rank: 66
NEGG Sharpe Ratio Rank: 58
NEGG Sortino Ratio Rank: 79
NEGG Omega Ratio Rank: 75
NEGG Calmar Ratio Rank: 62
NEGG Martin Ratio Rank: 57

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.

NEGG vs. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newegg Commerce, Inc. (NEGG) 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.

	NEGG	DFEN	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.18	-0.75
Sortino ratio: Return per unit of downside risk	2.15	1.85	+0.30
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	0.90	1.85	-0.95
Martin ratio: Return relative to average drawdown	1.35	4.29	-2.95

NEGG vs. DFEN - Sharpe Ratio Comparison

The current NEGG Sharpe Ratio is 0.43, which is lower than the DFEN Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of NEGG 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

NEGG vs. DFEN - Drawdown Comparison

The maximum NEGG drawdown since its inception was -99.83%, which is greater than DFEN's maximum drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for NEGG and DFEN.

Drawdown Indicators

	NEGG	DFEN	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-91.36%	-8.47%
Max Drawdown (1Y) Largest decline over 1 year	-86.90%	-41.75%	-45.15%
Max Drawdown (3Y) Largest decline over 3 years	-90.28%	-43.13%	-47.15%
Max Drawdown (5Y) Largest decline over 5 years	-99.74%	-55.30%	-44.44%
Max Drawdown (10Y) Largest decline over 10 years	-99.74%	—	—
Current Drawdown Current decline from peak	-99.08%	-25.87%	-73.21%
Average Drawdown Average peak-to-trough decline	-85.54%	-45.20%	-40.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.06%	17.99%	+40.07%

Volatility

NEGG vs. DFEN - Volatility Comparison

The current volatility for Newegg Commerce, Inc. (NEGG) is 22.82%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 27.31%. This indicates that NEGG 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

	NEGG	DFEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.82%	27.31%	-4.49%
Volatility (6M) Calculated over the trailing 6-month period	64.39%	55.81%	+8.58%
Volatility (1Y) Calculated over the trailing 1-year period	182.18%	65.81%	+116.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.40%	60.74%	+91.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.24%	71.66%	+73.58%

Dividends

NEGG vs. DFEN - Dividend Comparison

NEGG 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%
NEGG Newegg Commerce, 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 NEGG and DFEN in my portfolio?

NEGG and DFEN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEGG or DFEN?

DFEN has higher volatility (27.31%) compared to NEGG (22.82%). In terms of maximum drawdown, NEGG dropped -99.83% vs DFEN's -91.36%.

Which has better risk-adjusted returns?

DFEN currently has the higher Sharpe Ratio (1.18 vs 0.43), 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.