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Beacon

DFENDirexion Daily Aerospace & Defense Bull 3X Shares

Take a bet9y track recordRanked #99 of 948 in this goal

Seeks daily investment results of 300% of the daily performance of the Index.

By Direxion Funds · Launched 2017

Annual Cost

0.96%

#4,990 of 5,853 · expensive

Fund Size

$416M

#1,748 of 5,853 · large

Return (1Y)Goal

+39.0%

Track Record

9 years

#1,526 of 5,853 · established

Performance

Total-return NAV · USD
Growth of $10,000
$14,562+45.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Industrials

Index tracked

Dow Jones US Select Aerospace & Defense Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE
20.4%
GE AEROSPACE
13.7%
RTX Corp.
10.7%
BOEING COMPANY (THE)
7.2%
GOLDMAN SACHS LIQ ES FD A
3.8%
GOLDMAN FINANCIAL
3.7%
General Dynamics Corporation
3.4%
Howmet Aerospace Inc
3.4%
Transdigm Group Inc.
3.2%
L3 Harris Technologies Inc
3.1%

Asset allocation

Stocks
75.5%
Cash
13.2%
Other
11.3%

By sector

Industrials
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
67.9%High

Year-on-year price swings

Max drawdown
-91.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.64Decent risk-adjusted returns
Sortino (3Y)
0.83Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the Index.
Strategy
Invests at least 80% of net assets in financial instruments and securities of the Index to achieve 3X daily leveraged exposure. Focuses on the U.S. aerospace and defense sector, utilizing swaps and futures for leveraged results.
Inception date
May 3, 2017
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02