DFEN vs XSW
Comparison between DIREXION DAILY AEROSPACE & DEFENSE BULL 3X SHARES (DFEN, ETF) and STATE STREET(R) SPDR(R) S&P(R) SOFTWARE & SERVICES ETF (XSW, ETF).
DFEN is from the Industrials sector, while XSW is from the Technology sector.
5-Year PerformanceDFEN has outperformed XSW, delivering a return of +28.0% compared to +0.9%
DFEN vs XSW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
DFEN
$366M
XSW
$365M
Expense Ratio
DFEN
N/A
XSW
0.35%
Max Drawdown
DFEN
91.36%
Winner
XSW
45.41%
Sharpe Ratio
Winner
DFEN
1.06
XSW
-0.31
5Y Beta
DFEN
2.66
Winner
XSW
1.27
P/E Ratio
DFEN
52.28
Winner
XSW
-180.65
Forward P/E
DFEN
32.34
Winner
XSW
15.12
5Y Dividends CAGR
Winner
DFEN
127.25%
XSW
-10.61%
Debt to Equity
DFEN
110.42%
Winner
XSW
32.90%
P/S Ratio
DFEN
3.49
Winner
XSW
2.45
P/B Ratio
DFEN
6.99
Winner
XSW
3.64
DFEN vs XSW - Holdings Comparison
DFEN and XSW have 1 common holdings. Overlap is -1.62%
DFEN's top 25 holdings weight is 103.04%. XSW's top 25 holdings weight is 26.99%.
| Rank | DFEN | XSW |
|---|---|---|
| #1 | DREYFUS GOVT CASH MAN INS (n/a) - 23.30% | ARTERIS INC (AIP) - 1.67% |
| #2 | GE AEROSPACE (GE) - 12.65% | HUT 8 CORP (HUT) - 1.51% |
| #3 | RTX CORP (RTX) - 9.21% | RIOT PLATFORMS INC (RIOT) - 1.21% |
| #4 | DOW JONES U.S SELECT AERO DEF INDEX SWAP (n/a) - 7.48% | DATADOG INC CLASS A (DDOG) - 1.20% |
| #5 | AEROSPACE & DEFENSE BULL 3X (n/a) - 7.14% | CLEANSPARK INC (CLSK) - 1.20% |
| #6 | BOEING CO (BA) - 5.88% | MARA HOLDINGS INC (MARA) - 1.15% |
| #7 | GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 3.86% | TERAWULF INC (WULF) - 1.14% |
| #8 | ROCKET LAB CORP (RKLB) - 3.41% | CIPHER DIGITAL INC (CIFR) - 1.12% |
| #9 | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 3.15% | CERENCE INC ORDINARY SHARES (CRNC) - 1.11% |
| #10 | HOWMET AEROSPACE INC (HWM) - 3.07% | FORTINET INC (FTNT) - 1.10% |
| #11 | GENERAL DYNAMICS CORP (GD) - 2.87% | n/a (CORZ) - 1.09% |
| #12 | TRANSDIGM GROUP INC (TDG) - 2.87% | AURORA INNOVATION INC CLASS A (AUR) - 1.08% |
| #13 | L3HARRIS TECHNOLOGIES INC (LHX) - 2.54% | PALO ALTO NETWORKS INC (PANW) - 1.07% |
| #14 | LOCKHEED MARTIN CORP (LMT) - 2.42% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.04% |
| #15 | NORTHROP GRUMMAN CORP (NOC) - 2.24% | D-WAVE QUANTUM INC (QBTS) - 1.01% |
| #16 | AXON ENTERPRISE INC (AXON) - 1.54% | A10 NETWORKS INC (ATEN) - 0.97% |
| #17 | CURTISS-WRIGHT CORP (CW) - 1.40% | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.96% |
| #18 | FTAI AVIATION LTD (FTAI) - 1.31% | NEXTNAV INC (NN) - 0.94% |
| #19 | ATI INC (ATI) - 1.16% | FIVE9 INC (FIVN) - 0.93% |
| #20 | CARPENTER TECHNOLOGY CORP (CRS) - 1.14% | BRAZE INC CLASS A (BRZE) - 0.93% |
| #21 | WOODWARD INC (WWD) - 1.09% | n/a (PRCH) - 0.92% |
| #22 | BWX TECHNOLOGIES INC (BWXT) - 0.95% | COMMVAULT SYSTEMS INC (CVLT) - 0.92% |
| #23 | HEICO CORP CLASS A (HEI-A) - 0.90% | UNITY SOFTWARE INC ORDINARY SHARES (U) - 0.92% |
| #24 | TEXTRON INC (TXT) - 0.82% | LIVERAMP HOLDINGS INC (RAMP) - 0.90% |
| #25 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 0.64% | ZOOM COMMUNICATIONS INC (ZM) - 0.90% |
| Total Holdings | 51 | 137 |
DFEN vs XSW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
DFEN
+17.49%
XSW
+4.54%
3M
DFEN
-19.45%
Winner
XSW
+6.58%
6M
Winner
DFEN
+26.64%
XSW
-12.25%
1Y
Winner
DFEN
+65.73%
XSW
-8.38%
5Y(CAGR)
Winner
DFEN
+27.97%
XSW
+0.87%
10Y(CAGR)
Winner
DFEN
+15.76%
XSW
+12.75%
Max(CAGR)
Winner
DFEN
+15.76%
XSW
+14.70%
DFEN vs XSW - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | DFEN | XSW |
|---|---|---|
| 2026 | -1.99% | -8.46% |
| 2025 | +158.50% | -1.16% |
| 2024 | +31.54% | +29.32% |
| 2023 | +25.88% | +38.62% |
| 2022 | +4.26% | -34.54% |
| 2021 | +29.03% | +9.73% |
| 2020 | -72.31% | +50.39% |
| 2019 | +92.37% | +35.90% |
| 2018 | -32.87% | +7.47% |
| 2017 | +83.60% | +27.51% |
| 2016 | N/A | +12.67% |
| 2015 | N/A | +10.00% |
| 2014 | N/A | +6.95% |
| 2013 | N/A | +44.43% |
| 2012 | N/A | +13.85% |
| 2011 | N/A | +13.75% |
DFEN vs XSW Drawdown Comparison
The maximum drawdown for DFEN was -91.36%, occurring on Mar 23, 2020. Recovery took 1372 trading sessions.
The maximum drawdown for XSW was -45.38%, occurring on Nov 9, 2022. Recovery took 755 trading sessions.
The current DFEN drawdown is -29.26%. The current XSW drawdown is -18.04%.
| Rank | DFEN | XSW |
|---|---|---|
| #1 | -91.36% Feb 12, 2020 - Jul 30, 2025 | -45.38% Nov 9, 2021 - Nov 11, 2024 |
| #2 | -61.07% Oct 3, 2018 - Sep 16, 2019 | -37.82% Feb 19, 2020 - Jun 23, 2020 |
| #3 | -41.75% Mar 2, 2026 - Mar 30, 2026 | -33.75% Sep 22, 2025 - Apr 10, 2026 |
| #4 | -26.58% Oct 27, 2025 - Jan 2, 2026 | -30.79% Dec 6, 2024 - Sep 22, 2025 |
| #5 | -25.73% Jan 29, 2018 - Sep 6, 2018 | -24.69% Jun 23, 2015 - Jul 12, 2016 |
| #6 | -21.82% Jan 16, 2026 - Mar 2, 2026 | -24.20% Sep 14, 2018 - Feb 25, 2019 |
| #7 | -19.97% Sep 18, 2019 - Nov 15, 2019 | -16.73% Mar 5, 2014 - Dec 19, 2014 |
| #8 | -13.84% Nov 15, 2019 - Jan 16, 2020 | -14.60% Feb 12, 2021 - Aug 27, 2021 |
| #9 | -12.77% Oct 8, 2025 - Oct 24, 2025 | -12.81% Mar 27, 2012 - Sep 7, 2012 |
| #10 | -10.68% Oct 20, 2017 - Nov 30, 2017 | -11.35% Sep 14, 2012 - Jan 11, 2013 |
| #11 | -8.98% Jul 30, 2025 - Aug 26, 2025 | -10.81% Sep 2, 2020 - Oct 12, 2020 |
| #12 | -8.12% Jan 16, 2020 - Feb 5, 2020 | -10.50% Jul 26, 2019 - Nov 26, 2019 |
| #13 | -8.00% Jun 2, 2017 - Jul 5, 2017 | -10.22% Oct 27, 2011 - Jan 24, 2012 |
| #14 | -6.78% Nov 30, 2017 - Dec 15, 2017 | -9.11% Apr 30, 2019 - Jul 10, 2019 |
| #15 | -6.65% May 5, 2017 - May 22, 2017 | -9.02% Oct 13, 2020 - Nov 16, 2020 |
Correlation
Correlation between DFEN and XSW is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
Dividend Comparison (2011 - 2026)
DFEN vs XSW dividend yield comparison.
| Year | DFEN | XSW |
|---|---|---|
| 2026 | 0.06% | 0.00% |
| 2025 | 8.89% | 0.06% |
| 2024 | 14.12% | 0.07% |
| 2023 | 1.13% | 0.20% |
| 2022 | 0.46% | 0.09% |
| 2021 | 1.89% | 0.13% |
| 2020 | 0.48% | 0.26% |
| 2019 | 0.50% | 0.12% |
| 2018 | 1.07% | 0.31% |
| 2017 | 1.50% | 0.46% |
| 2016 | 0.00% | 0.87% |
| 2015 | 0.00% | 0.54% |
| 2014 | 0.00% | 0.53% |
| 2013 | 0.00% | 2.07% |
| 2012 | 0.00% | 3.64% |
| 2011 | 0.00% | 0.06% |
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