HEDG vs DFEN
Comparison between EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF) and DIREXION DAILY AEROSPACE & DEFENSE BULL 3X SHARES (DFEN, ETF).
HEDG vs DFEN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEDG vs DFEN - Holdings Comparison
HEDG and DFEN have 0 common holdings. Overlap is 0.00%
HEDG's top 25 holdings weight is 98.78%. DFEN's top 25 holdings weight is 116.21%.
| Rank | HEDG | DFEN |
|---|---|---|
| #1 | ISHARES CORE S&P 500 ETF (IVV) - 65.03% | DREYFUS GOVT CASH MAN INS (n/a) - 21.85% |
| #2 | STATE STREET® SPDR® S&P 500® ETF (SPY) - 33.27% | GE AEROSPACE (GE) - 14.85% |
| #3 | CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER) - 0.48% | DOW JONES U.S SELECT AERO DEF INDEX SWAP (n/a) - 14.24% |
| #4 | N/A | AEROSPACE & DEFENSE BULL 3X (n/a) - 11.78% |
| #5 | N/A | RTX CORP (RTX) - 9.80% |
| #6 | N/A | BOEING CO (BA) - 5.88% |
| #7 | N/A | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 3.87% |
| #8 | N/A | GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 3.07% |
| #9 | N/A | TRANSDIGM GROUP INC (TDG) - 2.95% |
| #10 | N/A | HOWMET AEROSPACE INC (HWM) - 2.93% |
| #11 | N/A | GENERAL DYNAMICS CORP (GD) - 2.91% |
| #12 | N/A | LOCKHEED MARTIN CORP (LMT) - 2.71% |
| #13 | N/A | NORTHROP GRUMMAN CORP (NOC) - 2.62% |
| #14 | N/A | L3HARRIS TECHNOLOGIES INC (LHX) - 2.50% |
| #15 | N/A | ROCKET LAB CORP (RKLB) - 2.34% |
| #16 | N/A | AXON ENTERPRISE INC (AXON) - 2.20% |
| #17 | N/A | CARPENTER TECHNOLOGY CORP (CRS) - 1.39% |
| #18 | N/A | CURTISS-WRIGHT CORP (CW) - 1.29% |
| #19 | N/A | FTAI AVIATION LTD (FTAI) - 1.23% |
| #20 | N/A | ATI INC (ATI) - 1.20% |
| #21 | N/A | WOODWARD INC (WWD) - 1.15% |
| #22 | N/A | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 0.99% |
| #23 | N/A | HEICO CORP CLASS A (HEI-A) - 0.93% |
| #24 | N/A | BWX TECHNOLOGIES INC (BWXT) - 0.80% |
| #25 | N/A | TEXTRON INC (TXT) - 0.73% |
| Total Holdings | 3 | 55 |
HEDG vs DFEN - Historical Returns
Returns include dividend reinvestment.
HEDG vs DFEN - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | HEDG | DFEN |
|---|---|---|
| 2026 | +3.83% | -4.42% |
| 2025 | +3.16% | +158.50% |
| 2024 | N/A | +31.54% |
| 2023 | N/A | +25.88% |
| 2022 | N/A | +4.26% |
| 2021 | N/A | +29.03% |
| 2020 | N/A | -72.31% |
| 2019 | N/A | +92.37% |
| 2018 | N/A | -32.87% |
| 2017 | N/A | +83.60% |
HEDG vs DFEN Drawdown Comparison
The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The maximum drawdown for DFEN was -91.36%, occurring on Mar 23, 2020. Recovery took 1372 trading sessions.
The current HEDG drawdown is -0.13%. The current DFEN drawdown is -31.01%.
| Rank | HEDG | DFEN |
|---|---|---|
| #1 | -3.85% Feb 25, 2026 - Apr 17, 2026 | -91.36% Feb 12, 2020 - Jul 30, 2025 |
| #2 | -1.64% Nov 11, 2025 - Nov 25, 2025 | -61.07% Oct 3, 2018 - Sep 16, 2019 |
| #3 | -1.15% Feb 2, 2026 - Feb 24, 2026 | -41.75% Mar 2, 2026 - Mar 30, 2026 |
| #4 | -0.87% Jun 8, 2026 - Jun 30, 2026 | -26.58% Oct 27, 2025 - Jan 2, 2026 |
| #5 | -0.81% Jan 12, 2026 - Jan 26, 2026 | -25.73% Jan 29, 2018 - Sep 6, 2018 |
| #6 | -0.60% Nov 3, 2025 - Nov 10, 2025 | -21.82% Jan 16, 2026 - Mar 2, 2026 |
| #7 | -0.53% Jul 15, 2026 - Jul 17, 2026 | -19.97% Sep 18, 2019 - Nov 15, 2019 |
| #8 | -0.50% Oct 13, 2025 - Oct 17, 2025 | -13.84% Nov 15, 2019 - Jan 16, 2020 |
| #9 | -0.42% Dec 12, 2025 - Dec 19, 2025 | -12.77% Oct 8, 2025 - Oct 24, 2025 |
| #10 | -0.27% Jul 10, 2026 - Jul 15, 2026 | -10.68% Oct 20, 2017 - Nov 30, 2017 |
| #11 | -0.23% Jun 2, 2026 - Jun 8, 2026 | -8.98% Jul 30, 2025 - Aug 26, 2025 |
| #12 | -0.23% Jul 6, 2026 - Jul 9, 2026 | -8.12% Jan 16, 2020 - Feb 5, 2020 |
| #13 | -0.20% Dec 26, 2025 - Jan 5, 2026 | -8.00% Jun 2, 2017 - Jul 5, 2017 |
| #14 | -0.19% Jan 6, 2026 - Jan 9, 2026 | -6.78% Nov 30, 2017 - Dec 15, 2017 |
| #15 | -0.19% Jan 27, 2026 - Feb 2, 2026 | -6.65% May 5, 2017 - May 22, 2017 |
Correlation
Correlation between HEDG and DFEN is 0.41 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (2017 - 2026)
HEDG vs DFEN dividend yield comparison.
| Year | HEDG | DFEN |
|---|---|---|
| 2026 | 0.98% | 0.09% |
| 2025 | 1.38% | 8.89% |
| 2024 | 0.00% | 14.12% |
| 2023 | 0.00% | 1.13% |
| 2022 | 0.00% | 0.46% |
| 2021 | 0.00% | 1.89% |
| 2020 | 0.00% | 0.48% |
| 2019 | 0.00% | 0.50% |
| 2018 | 0.00% | 1.07% |
| 2017 | 0.00% | 1.50% |
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