XSW vs DFEN
Comparison between STATE STREET(R) SPDR(R) S&P(R) SOFTWARE & SERVICES ETF (XSW, ETF) and DIREXION DAILY AEROSPACE & DEFENSE BULL 3X SHARES (DFEN, ETF).
XSW is from the Technology sector, while DFEN is from the Industrials sector.
5-Year PerformanceDFEN has outperformed XSW, delivering a return of +28.0% compared to +0.9%
XSW vs DFEN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XSW
$365M
Winner
DFEN
$366M
Expense Ratio
XSW
0.35%
DFEN
N/A
Max Drawdown
Winner
XSW
45.41%
DFEN
91.36%
Sharpe Ratio
XSW
-0.31
Winner
DFEN
1.06
5Y Beta
Winner
XSW
1.27
DFEN
2.66
P/E Ratio
Winner
XSW
-180.65
DFEN
52.28
Forward P/E
Winner
XSW
15.12
DFEN
32.34
5Y Dividends CAGR
XSW
-10.61%
Winner
DFEN
127.25%
Debt to Equity
Winner
XSW
32.90%
DFEN
110.42%
P/S Ratio
Winner
XSW
2.45
DFEN
3.49
P/B Ratio
Winner
XSW
3.64
DFEN
6.99
XSW vs DFEN - Holdings Comparison
XSW and DFEN have 1 common holdings. Overlap is -1.62%
XSW's top 25 holdings weight is 26.99%. DFEN's top 25 holdings weight is 103.04%.
| Rank | XSW | DFEN |
|---|---|---|
| #1 | ARTERIS INC (AIP) - 1.67% | DREYFUS GOVT CASH MAN INS (n/a) - 23.30% |
| #2 | HUT 8 CORP (HUT) - 1.51% | GE AEROSPACE (GE) - 12.65% |
| #3 | RIOT PLATFORMS INC (RIOT) - 1.21% | RTX CORP (RTX) - 9.21% |
| #4 | DATADOG INC CLASS A (DDOG) - 1.20% | DOW JONES U.S SELECT AERO DEF INDEX SWAP (n/a) - 7.48% |
| #5 | CLEANSPARK INC (CLSK) - 1.20% | AEROSPACE & DEFENSE BULL 3X (n/a) - 7.14% |
| #6 | MARA HOLDINGS INC (MARA) - 1.15% | BOEING CO (BA) - 5.88% |
| #7 | TERAWULF INC (WULF) - 1.14% | GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 3.86% |
| #8 | CIPHER DIGITAL INC (CIFR) - 1.12% | ROCKET LAB CORP (RKLB) - 3.41% |
| #9 | CERENCE INC ORDINARY SHARES (CRNC) - 1.11% | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 3.15% |
| #10 | FORTINET INC (FTNT) - 1.10% | HOWMET AEROSPACE INC (HWM) - 3.07% |
| #11 | n/a (CORZ) - 1.09% | GENERAL DYNAMICS CORP (GD) - 2.87% |
| #12 | AURORA INNOVATION INC CLASS A (AUR) - 1.08% | TRANSDIGM GROUP INC (TDG) - 2.87% |
| #13 | PALO ALTO NETWORKS INC (PANW) - 1.07% | L3HARRIS TECHNOLOGIES INC (LHX) - 2.54% |
| #14 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.04% | LOCKHEED MARTIN CORP (LMT) - 2.42% |
| #15 | D-WAVE QUANTUM INC (QBTS) - 1.01% | NORTHROP GRUMMAN CORP (NOC) - 2.24% |
| #16 | A10 NETWORKS INC (ATEN) - 0.97% | AXON ENTERPRISE INC (AXON) - 1.54% |
| #17 | CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.96% | CURTISS-WRIGHT CORP (CW) - 1.40% |
| #18 | NEXTNAV INC (NN) - 0.94% | FTAI AVIATION LTD (FTAI) - 1.31% |
| #19 | FIVE9 INC (FIVN) - 0.93% | ATI INC (ATI) - 1.16% |
| #20 | BRAZE INC CLASS A (BRZE) - 0.93% | CARPENTER TECHNOLOGY CORP (CRS) - 1.14% |
| #21 | n/a (PRCH) - 0.92% | WOODWARD INC (WWD) - 1.09% |
| #22 | COMMVAULT SYSTEMS INC (CVLT) - 0.92% | BWX TECHNOLOGIES INC (BWXT) - 0.95% |
| #23 | UNITY SOFTWARE INC ORDINARY SHARES (U) - 0.92% | HEICO CORP CLASS A (HEI-A) - 0.90% |
| #24 | LIVERAMP HOLDINGS INC (RAMP) - 0.90% | TEXTRON INC (TXT) - 0.82% |
| #25 | ZOOM COMMUNICATIONS INC (ZM) - 0.90% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 0.64% |
| Total Holdings | 137 | 51 |
XSW vs DFEN - Historical Returns
Returns include dividend reinvestment.
1M
XSW
+4.54%
Winner
DFEN
+17.49%
3M
Winner
XSW
+6.58%
DFEN
-19.45%
6M
XSW
-12.25%
Winner
DFEN
+26.64%
1Y
XSW
-8.38%
Winner
DFEN
+65.73%
5Y(CAGR)
XSW
+0.87%
Winner
DFEN
+27.97%
10Y(CAGR)
XSW
+12.75%
Winner
DFEN
+15.76%
Max(CAGR)
XSW
+14.70%
Winner
DFEN
+15.76%
XSW vs DFEN - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | XSW | DFEN |
|---|---|---|
| 2026 | -8.46% | -1.99% |
| 2025 | -1.16% | +158.50% |
| 2024 | +29.32% | +31.54% |
| 2023 | +38.62% | +25.88% |
| 2022 | -34.54% | +4.26% |
| 2021 | +9.73% | +29.03% |
| 2020 | +50.39% | -72.31% |
| 2019 | +35.90% | +92.37% |
| 2018 | +7.47% | -32.87% |
| 2017 | +27.51% | +83.60% |
| 2016 | +12.67% | N/A |
| 2015 | +10.00% | N/A |
| 2014 | +6.95% | N/A |
| 2013 | +44.43% | N/A |
| 2012 | +13.85% | N/A |
| 2011 | +13.75% | N/A |
XSW vs DFEN Drawdown Comparison
The maximum drawdown for XSW was -45.38%, occurring on Nov 9, 2022. Recovery took 755 trading sessions.
The maximum drawdown for DFEN was -91.36%, occurring on Mar 23, 2020. Recovery took 1372 trading sessions.
The current XSW drawdown is -18.04%. The current DFEN drawdown is -29.26%.
| Rank | XSW | DFEN |
|---|---|---|
| #1 | -45.38% Nov 9, 2021 - Nov 11, 2024 | -91.36% Feb 12, 2020 - Jul 30, 2025 |
| #2 | -37.82% Feb 19, 2020 - Jun 23, 2020 | -61.07% Oct 3, 2018 - Sep 16, 2019 |
| #3 | -33.75% Sep 22, 2025 - Apr 10, 2026 | -41.75% Mar 2, 2026 - Mar 30, 2026 |
| #4 | -30.79% Dec 6, 2024 - Sep 22, 2025 | -26.58% Oct 27, 2025 - Jan 2, 2026 |
| #5 | -24.69% Jun 23, 2015 - Jul 12, 2016 | -25.73% Jan 29, 2018 - Sep 6, 2018 |
| #6 | -24.20% Sep 14, 2018 - Feb 25, 2019 | -21.82% Jan 16, 2026 - Mar 2, 2026 |
| #7 | -16.73% Mar 5, 2014 - Dec 19, 2014 | -19.97% Sep 18, 2019 - Nov 15, 2019 |
| #8 | -14.60% Feb 12, 2021 - Aug 27, 2021 | -13.84% Nov 15, 2019 - Jan 16, 2020 |
| #9 | -12.81% Mar 27, 2012 - Sep 7, 2012 | -12.77% Oct 8, 2025 - Oct 24, 2025 |
| #10 | -11.35% Sep 14, 2012 - Jan 11, 2013 | -10.68% Oct 20, 2017 - Nov 30, 2017 |
| #11 | -10.81% Sep 2, 2020 - Oct 12, 2020 | -8.98% Jul 30, 2025 - Aug 26, 2025 |
| #12 | -10.50% Jul 26, 2019 - Nov 26, 2019 | -8.12% Jan 16, 2020 - Feb 5, 2020 |
| #13 | -10.22% Oct 27, 2011 - Jan 24, 2012 | -8.00% Jun 2, 2017 - Jul 5, 2017 |
| #14 | -9.11% Apr 30, 2019 - Jul 10, 2019 | -6.78% Nov 30, 2017 - Dec 15, 2017 |
| #15 | -9.02% Oct 13, 2020 - Nov 16, 2020 | -6.65% May 5, 2017 - May 22, 2017 |
Correlation
Correlation between XSW and DFEN 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)
XSW vs DFEN dividend yield comparison.
| Year | XSW | DFEN |
|---|---|---|
| 2026 | 0.00% | 0.06% |
| 2025 | 0.06% | 8.89% |
| 2024 | 0.07% | 14.12% |
| 2023 | 0.20% | 1.13% |
| 2022 | 0.09% | 0.46% |
| 2021 | 0.13% | 1.89% |
| 2020 | 0.26% | 0.48% |
| 2019 | 0.12% | 0.50% |
| 2018 | 0.31% | 1.07% |
| 2017 | 0.46% | 1.50% |
| 2016 | 0.87% | 0.00% |
| 2015 | 0.54% | 0.00% |
| 2014 | 0.53% | 0.00% |
| 2013 | 2.07% | 0.00% |
| 2012 | 3.64% | 0.00% |
| 2011 | 0.06% | 0.00% |
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