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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
Number of Holdings
36

% Assets in Top 10
75.59%

% Assets in Top 15
85.99%

% Assets in Top 50
100.00%

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

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%

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.

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%
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
1 Week Return
-3.72%

4 Week Return
-60.42%

13 Week Return
-83.59%

26 Week Return
-81.19%

Year to Date Return
-81.77%

1 Year Return
-77.81%

3 Year Return
No Ranking Available

5 Year Return
No Ranking Available

DFEN Charts

DFEN Technicals

Volatility Analysis

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

5 Day Volatility
487.28%
Rank
57 of 149

20 Day Volatility
368.99%
Rank
12 of 149

50 Day Volatility
256.48%
Rank
17 of 149

200 Day Volatility
185.58%
Rank
16 of 148

Beta
3.27
Rank
24 of 148

Standard Deviation
13.74%
Rank
36 of 134

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.

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