SGMT vs. DFEN
SGMT (Sagimet Biosciences 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% Daily). Over the past 3 years, SGMT returned -23.47%/yr vs 64.46%/yr for DFEN. At a 0.21 correlation, their price movements are largely independent.
Performance
SGMT vs. DFEN - Performance Comparison
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Returns By Period
In the year-to-date period, SGMT achieves a 20.78% return, which is significantly higher than DFEN's 13.04% return.
SGMT
- 1D
- -2.99%
- 1M
- 10.34%
- 6M
- 14.58%
- YTD
- 20.78%
- 1Y
- -24.50%
- 3Y*
- -23.47%
- 5Y*
- —
- 10Y*
- —
DFEN
- 1D
- -5.15%
- 1M
- -0.07%
- 6M
- -14.66%
- YTD
- 13.04%
- 1Y
- 51.34%
- 3Y*
- 64.46%
- 5Y*
- 33.03%
- 10Y*
- —
SGMT vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGMT Sagimet Biosciences Inc. | 20.78% | 31.56% | -16.97% | -65.03% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 13.04% | 156.62% | 27.07% | 16.52% |
Correlation
The correlation between SGMT and DFEN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.21 |
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Return for Risk
SGMT vs. DFEN — Risk / Return Rank
SGMT
DFEN
SGMT vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sagimet Biosciences Inc. (SGMT) 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.
| SGMT | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.24 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.71 | 2.73 | -3.44 |
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Drawdowns
SGMT vs. DFEN - Drawdown Comparison
The maximum SGMT drawdown since its inception was -89.69%, roughly equal to the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for SGMT and DFEN.
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Drawdown Indicators
| SGMT | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.69% | -91.36% | +1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -55.57% | -41.75% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -89.69% | -43.13% | -46.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.96% | — |
Current DrawdownCurrent decline from peak | -61.18% | -25.92% | -35.26% |
Average DrawdownAverage peak-to-trough decline | -65.73% | -44.99% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.72% | 18.84% | +15.88% |
Volatility
SGMT vs. DFEN - Volatility Comparison
The current volatility for Sagimet Biosciences Inc. (SGMT) is 14.91%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 22.07%. This indicates that SGMT 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.
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Volatility by Period
| SGMT | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.91% | 22.07% | -7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 60.06% | 54.69% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.07% | 66.79% | +19.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.28% | 60.87% | +88.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.28% | 71.56% | +77.72% |
Dividends
SGMT vs. DFEN - Dividend Comparison
SGMT has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 7.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 7.85% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
SGMT Sagimet Biosciences Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGMT and DFEN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEN has higher volatility (22.07%) compared to SGMT (14.91%). In terms of maximum drawdown, SGMT dropped -89.69% vs DFEN's -91.36%.
DFEN currently has the higher Sharpe Ratio (0.77 vs -0.29), 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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