TLN vs. DFEN
TLN (Talen Energy Corporation) 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 3 years, TLN returned 98.02%/yr vs 64.38%/yr for DFEN. At a 0.32 correlation, their price movements are largely independent.
Performance
TLN vs. DFEN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TLN achieves a -3.81% return, which is significantly lower than DFEN's 13.12% return.
TLN
- 1D
- 4.56%
- 1M
- 2.71%
- YTD
- -3.81%
- 6M
- 1.17%
- 1Y
- 31.11%
- 3Y*
- 98.02%
- 5Y*
- —
- 10Y*
- —
DFEN
- 1D
- -2.71%
- 1M
- 7.74%
- YTD
- 13.12%
- 6M
- 20.44%
- 1Y
- 76.99%
- 3Y*
- 64.38%
- 5Y*
- 29.22%
- 10Y*
- —
TLN vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TLN Talen Energy Corporation | -3.81% | 86.05% | 214.80% | 38.01% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 13.12% | 156.62% | 27.07% | 39.31% |
Correlation
The correlation between TLN and DFEN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2023 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TLN vs. DFEN — Risk / Return Rank
TLN
DFEN
TLN vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Talen Energy Corporation (TLN) 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.
| TLN | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.85 | -0.88 |
| Martin ratioReturn relative to average drawdown | 1.96 | 4.29 | -2.34 |
Loading charts...
Drawdowns
TLN vs. DFEN - Drawdown Comparison
The maximum TLN drawdown since its inception was -33.80%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for TLN and DFEN.
Loading charts...
Drawdown Indicators
| TLN | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -91.36% | +57.56% |
Max Drawdown (1Y)Largest decline over 1 year | -32.05% | -41.75% | +9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | -43.13% | +9.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.30% | — |
Current DrawdownCurrent decline from peak | -19.13% | -25.87% | +6.74% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -45.20% | +37.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.94% | 17.99% | -2.05% |
Volatility
TLN vs. DFEN - Volatility Comparison
The current volatility for Talen Energy Corporation (TLN) is 17.27%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 27.31%. This indicates that TLN 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.
Loading charts...
Volatility by Period
| TLN | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.27% | 27.31% | -10.04% |
Volatility (6M)Calculated over the trailing 6-month period | 42.00% | 55.81% | -13.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.34% | 65.81% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.98% | 60.74% | -10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.98% | 71.66% | -21.68% |
Dividends
TLN vs. DFEN - Dividend Comparison
TLN 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% |
TLN Talen Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLN and DFEN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEN has higher volatility (27.31%) compared to TLN (17.27%). In terms of maximum drawdown, TLN dropped -33.80% vs DFEN's -91.36%.
DFEN currently has the higher Sharpe Ratio (1.18 vs 0.55), 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.
Find the right allocation for TLN and DFEN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer