Direxion Daily Aerospace & Defense Bull 3X Shares Direxion Daily Aerospace

10-Year Study

DFEN.US · · US · ETF

Executive Summary: Direxion Daily Aerospace & Defense Bull 3X Shares Direxion Daily Aerospace has compounded at 15.3% annually over the last 10 years, with a maximum drawdown of 86.0% and an annualized volatility of 64.7%.

1Y CAGR
+91.2%
3Y CAGR
+76.9%
5Y CAGR
+30.5%
10Y CAGR
+15.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
86.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.64
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.96
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
67.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +156.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -70.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
78%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202624.413.6-30.113.2————————11.8%
202523.0-4.6-4.8-0.242.119.311.81.516.97.5-15.512.7156.6%
2024-10.411.79.1-5.713.6-9.225.17.42.9-11.722.0-19.627.1%
20236.2-0.8-0.3-4.2-14.622.51.2-5.5-24.79.228.317.324.7%
2022-6.333.9-3.8-20.5-4.4-10.112.6-7.2-28.557.611.3-1.07.0%
2021-18.321.627.76.210.0-2.2-5.4-6.3-5.20.1-18.613.612.7%
20206.7-33.0-75.418.711.7-6.7-15.819.3-16.0-14.576.28.0-70.2%
201940.123.6-13.514.9-12.118.90.97.63.8-7.315.7-10.395.1%
201824.9-2.9-7.8-9.39.4-9.720.81.814.5-32.5-1.3-28.6-32.9%
2017—————-1.014.710.314.03.58.83.866.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 64.7%. The dominant macroeconomic risk driver is SHV.US, accounting for 39.9% of variance. Idiosyncratic stock-specific factors contribute 20.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2017-05-0110000
2017-06-019896.66636714889
2017-07-0111346.88152075159
2017-08-0112514.202134563353
2017-09-0114261.988198999612
2017-10-0114760.186100378392
2017-11-0116062.738990225736
2017-12-0116676.700512175397
2018-01-0120821.52734098102
2018-02-0120225.636724872955
2018-03-0118647.926837791154
2018-04-0116920.308303631155
2018-05-0118512.994079531956
2018-06-0116711.34473497669
2018-07-0120192.58993021236
2018-08-0120560.597438124616
2018-09-0123532.66241351424
2018-10-0115880.432503669093
2018-11-0115677.159772765848
2018-12-0111196.02440071485
2019-01-0115680.454468306029
2019-02-0119383.49257695111
2019-03-0116773.84411098132
2019-04-0119265.133135651602
2019-05-0116928.844560257985
2019-06-0120125.69762682082
2019-07-0120303.51134673176
2019-08-0121847.275885823823
2019-09-0122687.373328940404
2019-10-0121041.073871067583
2019-11-0124348.798434520424
2019-12-0121842.43368177235
2020-01-0123303.431475324724
2020-02-0115603.92767644093
2020-03-013833.0288235940134
2020-04-014548.127514701331
2020-05-015078.673335929155
2020-06-014740.41792713731
2020-07-013990.7249328580983
2020-08-014759.636984455027
2020-09-013998.5623146733756
2020-10-013417.9970247900883
2020-11-016020.906340791325
2020-12-016501.881970028254
2021-01-015309.950978923933
2021-02-016455.75623246573
2021-03-018241.181697467078
2021-04-018749.014087319416
2021-05-019626.251734707123
2021-06-019414.642425694632
2021-07-018902.916304749353
2021-08-018345.06444624155
2021-09-017910.264474196543
2021-10-017921.845828216571
2021-11-016452.112099519773
2021-12-017329.449586166273
2022-01-016871.087549046037
2022-02-019198.041153742475
2022-03-018849.402462036122
2022-04-017031.728916444524
2022-05-016722.227214185163
2022-06-016040.6245944030115
2022-07-016800.601032337936
2022-08-016310.939387585988
2022-09-014513.333533011851
2022-10-017113.647028284462
2022-11-017918.900570082168
2022-12-017841.974421181896
2023-01-018330.38807519893
2023-02-018267.389502900329
2023-03-018243.178482642945
2023-04-017895.787781671509
2023-05-016742.993780014177
2023-06-018258.25421072074
2023-07-018357.244835814337
2023-08-017897.834486476772
2023-09-015950.869100747796
2023-10-016499.435908187817
2023-11-018335.979073691356
2023-12-019779.055720290333
2024-01-018760.845039486429
2024-02-019783.049290642066
2024-03-0110673.21612204351
2024-04-0110068.489731532232
2024-05-0111438.184522918102
2024-06-0110384.83042301894
2024-07-0112990.08596160182
2024-08-0113954.98247821008
2024-09-0114353.840317089487
2024-10-0112671.349127904075
2024-11-0115456.764608979543
2024-12-0112426.493345713403
2025-01-0115281.297111650243
2025-02-0114576.63162308683
2025-03-0113877.257615239465
2025-04-0113845.608570201975
2025-05-0119681.31308593165
2025-06-0123479.2983296892
2025-07-0126244.49636085902
2025-08-0126638.212477910565
2025-09-0131138.81650542626
2025-10-0133489.48193408612
2025-11-0128298.93870867903
2025-12-0131888.659258593667
2026-01-0139671.12948153473
2026-02-0145082.41730813391
2026-03-0131499.28614929963
2026-04-0135662.58324098202
Annual Return Matrix
YearAnnual Return
2018-0.32864271367463804
20190.9509097961931685
2020-0.7023279518777197
20210.12728124256220874
20220.06992678358590165
20230.2470144883253127
20240.2707252828031199
20251.5661832643715101
20260.11834690043832174
Total Factor Risk
0.6468556652929106
VTI.US Exposure
0.3099321588655869
VEA.US Exposure
0.025177019419979185
VWO.US Exposure
-0.001887443474129888
QQQ.US Exposure
-0.1011021561977888
VTV.US Exposure
0.08945887747288826
IJR.US Exposure
0.024483116509953887
QUAL.US Exposure
-0.0030655980580255398
SHV.US Exposure
0.39912282303028673
TLT.US Exposure
0.018822319779127777
LQD.US Exposure
-0.02293744996061457
HYG.US Exposure
-0.01508054212982765
GLD.US Exposure
0.014018663051392688
USO.US Exposure
-0.0002154749333549863
VNQ.US Exposure
0.018143544491384972
BTC-USD.CC Exposure
0.01592655527583932
CPER.US Exposure
-0.01577654456060285
VIX.INDX Exposure
0.03605167903444267
UUP.US Exposure
0.0009551184070551858
TIP.US Exposure
0.0053328177658901275
Idiosyncratic Exposure
0.20264051621051682
Value Score
35.4
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
1.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
64.7%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →36.5x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.14%
Market Cap$98.8B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$20
Avg Yield on Cost
0.20%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$19.970.20%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-8.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+10.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
26.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
3.09
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Direxion Daily Aerospace & Defense Bull 3X Shares Direxion Daily Aerospace a high-risk investment?

Direxion Daily Aerospace & Defense Bull 3X Shares Direxion Daily Aerospace (DFEN.US) has an annualized volatility of 64.7% and experienced a maximum drawdown of 86.0% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of DFEN.US?

Over the past 10 years, DFEN.US has generated a Compound Annual Growth Rate (CAGR) of 15.3%. It has had a positive return in 78% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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