XAR vs. DFEN
Compare and contrast key facts about SPDR S&P Aerospace & Defense ETF (XAR) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).
XAR and DFEN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. DFEN is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index (300%). It was launched on May 3, 2017. Both XAR and DFEN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XAR or DFEN.
Performance
XAR vs. DFEN - Performance Comparison
Returns By Period
In the year-to-date period, XAR achieves a 23.77% return, which is significantly lower than DFEN's 45.50% return.
XAR
23.77%
2.47%
15.53%
33.50%
9.37%
13.26%
DFEN
45.50%
-9.73%
22.47%
82.53%
-10.09%
N/A
Key characteristics
| XAR | DFEN | |
|---|---|---|
| Sharpe Ratio | 2.05 | 1.95 |
| Sortino Ratio | 2.77 | 2.38 |
| Omega Ratio | 1.35 | 1.33 |
| Calmar Ratio | 5.00 | 1.24 |
| Martin Ratio | 12.52 | 12.28 |
| Ulcer Index | 2.80% | 7.22% |
| Daily Std Dev | 17.12% | 45.49% |
| Max Drawdown | -46.37% | -91.36% |
| Current Drawdown | -2.53% | -47.51% |
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XAR vs. DFEN - Expense Ratio Comparison
XAR has a 0.35% expense ratio, which is lower than DFEN's 0.99% expense ratio.
Correlation
The correlation between XAR and DFEN is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
XAR vs. DFEN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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.
Dividends
XAR vs. DFEN - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.52%, less than DFEN's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 0.52% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 0.91% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XAR vs. DFEN - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for XAR and DFEN. For additional features, visit the drawdowns tool.
Volatility
XAR vs. DFEN - Volatility Comparison
The current volatility for SPDR S&P Aerospace & Defense ETF (XAR) is 7.97%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 23.00%. This indicates that XAR 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.