WDH vs. DFEN
WDH (Waterdrop 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 5 years, WDH returned -21.77%/yr vs 33.44%/yr for DFEN. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
WDH vs. DFEN - Performance Comparison
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Returns By Period
In the year-to-date period, WDH achieves a -39.99% return, which is significantly lower than DFEN's 18.12% return.
WDH
- 1D
- -1.75%
- 1M
- -6.67%
- 6M
- -30.89%
- YTD
- -39.99%
- 1Y
- -30.20%
- 3Y*
- -12.25%
- 5Y*
- -21.77%
- 10Y*
- —
- ALL TIME*
- -33.25%
DFEN
- 1D
- 2.21%
- 1M
- -12.11%
- 6M
- -5.05%
- YTD
- 18.12%
- 1Y
- 45.63%
- 3Y*
- 65.26%
- 5Y*
- 33.44%
- 10Y*
- —
- ALL TIME*
- 16.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.59M | $13.06M | $15.26M | |
| $149.01K | $155.59K | $241.67K |
WDH vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDH Waterdrop Inc. | -39.99% | 66.25% | 19.17% | -68.77% | 141.30% | -86.54% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 18.12% | 156.62% | 27.07% | 24.70% | 6.99% | -15.18% |
Correlation
The correlation between WDH and DFEN is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.17 |
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Return for Risk
WDH vs. DFEN — Risk / Return Rank
WDH
DFEN
WDH vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waterdrop Inc. (WDH) 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.
| WDH | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.15 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.05 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.56 | 2.21 | -3.76 |
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Drawdowns
WDH vs. DFEN - Drawdown Comparison
The maximum WDH drawdown since its inception was -91.12%, roughly equal to the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for WDH and DFEN.
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Drawdown Indicators
| WDH | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.12% | -91.36% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -42.81% | -41.75% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -46.42% | -43.13% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -77.02% | -51.96% | -25.06% |
Current DrawdownCurrent decline from peak | -87.94% | -22.59% | -65.35% |
Average DrawdownAverage peak-to-trough decline | -81.30% | -44.87% | -36.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.05% | 19.77% | -1.72% |
Volatility
WDH vs. DFEN - Volatility Comparison
The current volatility for Waterdrop Inc. (WDH) is 10.63%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 21.99%. This indicates that WDH 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
| WDH | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 21.99% | -11.36% |
Volatility (6M)Calculated over the trailing 6-month period | 26.48% | 55.26% | -28.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.89% | 67.94% | -29.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.53% | 60.84% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.35% | 71.57% | -9.22% |
Dividends
WDH vs. DFEN - Dividend Comparison
WDH's dividend yield for the trailing twelve months is around 5.36%, less than DFEN's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 7.51% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
WDH Waterdrop Inc. | 5.36% | 2.63% | 5.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDH 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.
DFEN has higher volatility (21.99%) compared to WDH (10.63%). In terms of maximum drawdown, WDH dropped -91.12% vs DFEN's -91.36%.
DFEN currently has the higher Sharpe Ratio (0.64 vs -0.73), 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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