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DFEN
Direxion Daily Aerospace & Defense Bull 3X Shares

Price: $10.36
Change: $2.04 (0.25%)
Category: Leveraged Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $5.01
  • 52 Week Hi $71.35
  • AUM $55.9 M
  • Shares 5.4 M

Analyst Report

The Direxion Daily Aerospace & Defense Bull 3X Shares aims to triple the daily return of an index of defense industry stocks like Boeing, United Technologies, Lockheed Martin and Raytheon.

DFEN, like all leveraged products, is designed for short-term trading by sophisticated investors. DFEN rebalances daily, which means its performance over longer time periods will diverge significantly from the underlying stocks. The daily reset means that DFEN could lose money over time even if the underlying equities have posted a gain, which can come as a rude surprise to buy-and-hold investors who don’t read the fine print.

DFEN is ideal for traders looking for a way to place an ultra-short-term high-conviction wager on a rally in defense industry stocks. The management fee of 99 basis points might seem high in the world of passive investments, but it’s in line with other leveraged products and shouldn’t be a major concern for traders who plan to cash out of their positions quickly.

For longer-term investors who want passive exposure to defense stocks without the complications of leverage, BlackRock’s iShares U.S. Aerospace & Defense ETF (ITA) tracks the same underlying index as DFEN, and State Street’s SPDR S&P Aerospace and Defense ETF (XAR) tracks an MSCI index and invests in many of the same companies. XAR charges a fee of 35 basis points, which is high for an index-tracking ETF but cheaper than competitors including ITA, FITE, PPA and ROKT.

Historical Trading Data

  • 1 Month Avg. Volume 908,032
  • 3 Month Avg. Volume 365,709

Alternative ETFs in the Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SDYL 0.30% $10.4 M 3,612 -45.02%
Largest (AUM) TQQQ 0.95% $4.3 B 43 M -40.73%
Most Liquid (Volume) SQQQ 0.95% $1.1 B 54 M -24.09%
Top YTD Performer DRIP 1.07% $36.5 M 4 M 275.58%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

36
Number of Holdings
75.59%
% Assets in Top 10
85.99%
% Assets in Top 15
100.00%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
36
Rank
82 of 138
Low
YANG (1)
High
UWM (1972)
% Assets in Top 10
75.59%
Rank
91 of 138
Low
SRTY (4.26%)
High
FNGD (112.89%)
% Assets in Top 15
85.99%
Rank
51 of 138
Low
SRTY (5.87%)
High
NRGD (110.10%)
% Assets in Top 50
100.00%
Rank
46 of 138
Low
SRTY (15.34%)
High
NRGD (110.10%)

 
View Summary Analysis
 

Sector Breakdown

DFEN Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
26.44
Rank
52 of 57
Low
GUSH (4.76)
High
UBOT (31.07)

DFEN Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.08
Dividend Date
2020-03-24
Annual Dividend Rate
$0.30

$0.08
Dividend
2020-03-24
Dividend Date
$0.30
Annual Dividend Rate
Annual Dividend Yield
3.64%
Rank
24 of 126
Low
TQQQ (0.07%)
High
SMHB (53.59%)

DFEN Fund Flows

View charts featuring ETF fund flow data.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DFEN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DFEN Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.541%
ETF Wtd. Average
0.19%
Category Average
1.00%
Expense Ratio
0.98%
Rank
92 of 149
Low
SDYL (0.30%)
High
BDCY (1.65%)
ESG Themes and Scores

DFEN does not have an ESG score. There are no ESG themes that map to this ETF.

DFEN Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-3.72%
1 Week Return
-60.42%
4 Week Return
-83.59%
13 Week Return
-81.19%
26 Week Return
-81.77%
Year to Date Return
-77.81%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-3.72%
Rank
88 of 149
Low
NRGD (-29.57%)
High
GUSH (31.48%)
4 Week Return
-60.42%
Rank
137 of 149
Low
JNUG (-89.71%)
High
SDD (2.56%)
13 Week Return
-83.59%
Rank
137 of 149
Low
GUSH (-98.75%)
High
DRIP (301.00%)
26 Week Return
-81.19%
Rank
131 of 141
Low
GUSH (-98.20%)
High
DRIP (123.27%)
Year to Date Return
-81.77%
Rank
134 of 149
Low
GUSH (-98.67%)
High
DRIP (275.58%)
1 Year Return
-77.81%
Rank
122 of 137
Low
GUSH (-99.59%)
High
DRIP (384.21%)
3 Year Return
No Ranking Available
Rank
N/A
Low
GUSH (-99.85%)
High
DRIP (154.86%)
5 Year Return
No Ranking Available
Rank
N/A
Low
JDST (-99.98%)
High
TECL (270.85%)

 
View Summary Analysis
 

DFEN Charts

DFEN Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
487.28%
Rank
57 of 149
Low
REW (3.65%)
High
SOXL (1123.64%)
20 Day Volatility
368.99%
Rank
12 of 149
Low
PPDM (98.04%)
High
JNUG (689.05%)
50 Day Volatility
256.48%
Rank
17 of 149
Low
PPDM (69.81%)
High
JNUG (462.23%)
200 Day Volatility
185.58%
Rank
16 of 148
Low
PPDM (50.32%)
High
JNUG (335.83%)
Beta
3.27
Rank
24 of 148
Low
NRGD (-7.09)
High
MJO (9.13)
Standard Deviation
13.74%
Rank
36 of 134
Low
SZK (1.36%)
High
GUSH (1190.39%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $11.33
  • 60 Day MA $43.26
  • MACD 15 Period 1.26
  • MACD 100 Period -40.00
  • Williams % Range 10 Day 53.58
  • Williams % Range 20 Day 78.25
  • RSI 10 Day 37
  • RSI 20 Day 32
  • RSI 30 Day 32
  • Ultimate Oscillator 41

Bollinger Brands

  • Lower Bollinger (10 Day) $6.85
  • Upper Bollinger (10 Day) $12.96
  • Lower Bollinger (20 Day) $0.60
  • Upper Bollinger (20 Day) $22.19
  • Lower Bollinger (30 Day) -$9.86
  • Upper Bollinger (30 Day) $53.25

Support & Resistance

  • Support Level 1 $9.73
  • Support Level 2 $9.10
  • Resistance Level 1 $10.77
  • Resistance Level 2 $11.18

Stochastic

  • Stochastic Oscillator %D (1 Day) 50.04
  • Stochastic Oscillator %D (5 Day) 39.87
  • Stochastic Oscillator %K (1 Day) 43.91
  • Stochastic Oscillator %K (5 Day) 36.10

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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