KBWD vs DFEN
Comparison between INVESCO KBW HIGH DIVIDEND YIELD FINANCIAL ETF (KBWD, ETF) and DIREXION DAILY AEROSPACE & DEFENSE BULL 3X SHARES (DFEN, ETF).
5-Year PerformanceDFEN has outperformed KBWD, delivering a return of +33.5% compared to +1.2%
KBWD vs DFEN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
KBWD
$427M
Winner
DFEN
$428M
Expense Ratio
KBWD
5.39%
DFEN
N/A
Max Drawdown
Winner
KBWD
65.17%
DFEN
91.36%
Sharpe Ratio
KBWD
0.05
Winner
DFEN
1.22
5Y Beta
Winner
KBWD
0.73
DFEN
2.66
P/E Ratio
Winner
KBWD
21.20
DFEN
53.92
Forward P/E
Winner
KBWD
8.04
DFEN
33.65
PEG Ratio
KBWD
N/A
DFEN
0.48
5Y Dividends CAGR
KBWD
6.32%
Winner
DFEN
127.25%
Debt to Equity
Winner
KBWD
88.29%
DFEN
106.96%
KBWD vs DFEN - Holdings Comparison
KBWD and DFEN have 1 common holdings. Overlap is 0.00%
KBWD's top 25 holdings weight is 78.40%. DFEN's top 25 holdings weight is 105.00%.
| Rank | KBWD | DFEN |
|---|---|---|
| #1 | FS KKR CAPITAL CORP (FSK) - 4.28% | DREYFUS GOVT CASH MAN INS (n/a) - 20.53% |
| #2 | ORCHID ISLAND CAPITAL INC (ORC) - 4.14% | GE AEROSPACE (GE) - 14.29% |
| #3 | NEW MOUNTAIN FINANCE CORP (NMFC) - 4.13% | RTX CORP (RTX) - 10.05% |
| #4 | INVESCO MORTGAGE CAPITAL INC (IVR) - 3.86% | DOW JONES U.S SELECT AERO DEF INDEX SWAP (n/a) - 7.81% |
| #5 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 3.80% | AEROSPACE & DEFENSE BULL 3X (n/a) - 7.70% |
| #6 | TWO HARBORS INVESTMENT CORP (TWO) - 3.78% | BOEING CO (BA) - 6.20% |
| #7 | ARMOUR RESIDENTIAL REIT INC (ARR) - 3.67% | HOWMET AEROSPACE INC (HWM) - 3.24% |
| #8 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 3.57% | TRANSDIGM GROUP INC (TDG) - 3.17% |
| #9 | GOLDMAN SACHS BDC INC (GSBD) - 3.36% | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 3.16% |
| #10 | CARLYLE SECURED LENDING INC (CGBD) - 3.34% | GENERAL DYNAMICS CORP (GD) - 3.10% |
| #11 | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 3.28% | ROCKET LAB CORP (RKLB) - 2.77% |
| #12 | DYNEX CAPITAL INC (DX) - 3.22% | L3HARRIS TECHNOLOGIES INC (LHX) - 2.68% |
| #13 | MFA FINANCIAL INC (MFA) - 3.16% | LOCKHEED MARTIN CORP (LMT) - 2.59% |
| #14 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 3.10% | NORTHROP GRUMMAN CORP (NOC) - 2.37% |
| #15 | ADAMAS TRUST INC (ADAM) - 2.94% | CASH (n/a) - 2.33% |
| #16 | AGNC INVESTMENT CORP (AGNC) - 2.83% | AXON ENTERPRISE INC (AXON) - 1.94% |
| #17 | CRESCENT CAPITAL BDC INC ORDINARY SHARES (CCAP) - 2.73% | CURTISS-WRIGHT CORP (CW) - 1.47% |
| #18 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 2.69% | CARPENTER TECHNOLOGY CORP (CRS) - 1.42% |
| #19 | NUVEEN CHURCHILL DIRECT LENDING CORP (NCDL) - 2.68% | ATI INC (ATI) - 1.38% |
| #20 | PENNYMAC MORTGAGE INVESTMENT TRUST (PMT) - 2.58% | GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 1.32% |
| #21 | REDWOOD TRUST INC (RWT) - 2.44% | FTAI AVIATION LTD (FTAI) - 1.30% |
| #22 | ARBOR REALTY TRUST INC (ABR) - 2.43% | WOODWARD INC (WWD) - 1.23% |
| #23 | ALLIANCEBERNSTEIN HOLDING LP (AB) - 2.21% | HEICO CORP CLASS A (HEI-A) - 1.02% |
| #24 | ARTISAN PARTNERS ASSET MANAGEMENT INC CLASS A (APAM) - 2.10% | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 0.99% |
| #25 | BLACKROCK TCP CAPITAL CORP (TCPC) - 2.08% | BWX TECHNOLOGIES INC (BWXT) - 0.94% |
| Total Holdings | 42 | 51 |
KBWD vs DFEN - Historical Returns
Returns include dividend reinvestment.
1M
KBWD
-1.21%
Winner
DFEN
+24.62%
3M
KBWD
+0.71%
Winner
DFEN
+1.55%
6M
KBWD
-6.14%
Winner
DFEN
+31.06%
1Y
KBWD
+2.37%
Winner
DFEN
+91.35%
5Y(CAGR)
KBWD
+1.20%
Winner
DFEN
+33.54%
10Y(CAGR)
KBWD
+5.02%
Winner
DFEN
+17.15%
Max(CAGR)
KBWD
+5.60%
Winner
DFEN
+17.15%
KBWD vs DFEN - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | KBWD | DFEN |
|---|---|---|
| 2026 | -5.99% | +9.83% |
| 2025 | +4.97% | +158.50% |
| 2024 | +3.57% | +31.54% |
| 2023 | +18.07% | +25.88% |
| 2022 | -20.04% | +4.26% |
| 2021 | +34.26% | +29.03% |
| 2020 | -15.52% | -72.31% |
| 2019 | +19.44% | +92.37% |
| 2018 | -8.64% | -32.87% |
| 2017 | +10.24% | +83.60% |
| 2016 | +20.65% | N/A |
| 2015 | -10.90% | N/A |
| 2014 | +8.90% | N/A |
| 2013 | +14.97% | N/A |
| 2012 | +14.65% | N/A |
| 2011 | -1.23% | N/A |
| 2010 | +3.90% | N/A |
KBWD vs DFEN Drawdown Comparison
The maximum drawdown for KBWD was -58.56%, occurring on Apr 3, 2020. Recovery took 297 trading sessions.
The maximum drawdown for DFEN was -91.36%, occurring on Mar 23, 2020. Recovery took 1372 trading sessions.
The current KBWD drawdown is -11.71%. The current DFEN drawdown is -20.73%.
| Rank | KBWD | DFEN |
|---|---|---|
| #1 | -58.56% Feb 20, 2020 - Apr 26, 2021 | -91.36% Feb 12, 2020 - Jul 30, 2025 |
| #2 | -30.73% Nov 8, 2021 - Jul 16, 2024 | -61.07% Oct 3, 2018 - Sep 16, 2019 |
| #3 | -29.10% Apr 23, 2015 - Nov 11, 2016 | -41.75% Mar 2, 2026 - Mar 30, 2026 |
| #4 | -19.65% Feb 19, 2025 - Jan 8, 2026 | -26.58% Oct 27, 2025 - Jan 2, 2026 |
| #5 | -18.44% Aug 30, 2018 - Nov 7, 2019 | -25.73% Jan 29, 2018 - Sep 6, 2018 |
| #6 | -17.67% Jul 7, 2011 - Jan 20, 2012 | -21.82% Jan 16, 2026 - Mar 2, 2026 |
| #7 | -15.03% Jan 16, 2026 - Mar 27, 2026 | -19.97% Sep 18, 2019 - Nov 15, 2019 |
| #8 | -12.94% Sep 14, 2012 - Jan 17, 2013 | -13.84% Nov 15, 2019 - Jan 16, 2020 |
| #9 | -9.70% May 17, 2013 - Oct 22, 2013 | -12.77% Oct 8, 2025 - Oct 24, 2025 |
| #10 | -8.75% Jul 23, 2024 - Nov 29, 2024 | -10.68% Oct 20, 2017 - Nov 30, 2017 |
| #11 | -8.48% Oct 20, 2017 - Apr 27, 2018 | -8.98% Jul 30, 2025 - Aug 26, 2025 |
| #12 | -7.79% Jun 8, 2021 - Oct 14, 2021 | -8.12% Jan 16, 2020 - Feb 5, 2020 |
| #13 | -6.82% Nov 29, 2024 - Jan 31, 2025 | -8.00% Jun 2, 2017 - Jul 5, 2017 |
| #14 | -6.33% Apr 27, 2017 - Aug 1, 2017 | -6.78% Nov 30, 2017 - Dec 15, 2017 |
| #15 | -5.94% Apr 27, 2012 - Jun 19, 2012 | -6.65% May 5, 2017 - May 22, 2017 |
Correlation
Correlation between KBWD and DFEN is 0.44 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.44
-101
Dividend Comparison (2011 - 2026)
KBWD vs DFEN dividend yield comparison.
| Year | KBWD | DFEN |
|---|---|---|
| 2026 | 5.92% | 0.05% |
| 2025 | 12.83% | 8.89% |
| 2024 | 12.45% | 14.12% |
| 2023 | 11.45% | 1.13% |
| 2022 | 11.32% | 0.46% |
| 2021 | 7.26% | 1.89% |
| 2020 | 9.68% | 0.48% |
| 2019 | 8.63% | 0.50% |
| 2018 | 9.47% | 1.07% |
| 2017 | 8.77% | 1.50% |
| 2016 | 8.68% | 0.00% |
| 2015 | 8.89% | 0.00% |
| 2014 | 8.31% | 0.00% |
| 2013 | 7.68% | 0.00% |
| 2012 | 9.03% | 0.00% |
| 2011 | 13.00% | 0.00% |
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