Skip to content
Beacon

DFENDirexion Daily Aerospace & Defense Bull 3X Shares

Take a bet9y track recordRanked #106 of 775 in this goal

Seeks daily investment results of 300% of the performance of the aerospace and defense sector index.

By Direxion Funds · Launched 2017

Annual Cost

0.96%

#4,788 of 5,562 · expensive

Fund Size

$428M

#1,693 of 5,562 · large

Return (1Y)Goal

+87.8%

Track Record

9 years

#1,554 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$17,898+79.0%

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

Classification

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

Top 10 holdings = 94.6% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
21.5%
GE Aerospace
14.4%
RTX Corp.
10.5%
N/A
10.2%
N/A
8.1%
N/A
8.0%
N/A
7.1%
GOLDMAN FINANCIAL
6.2%
The Boeing Company
4.9%
DREYFUS
3.5%

Asset allocation

Stocks
75.3%
Cash
16.1%
Other
8.7%

By sector

Industrials
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
66.2%High

Year-on-year price swings

Max drawdown
-91.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.63Decent risk-adjusted returns
Sortino (3Y)
0.81Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the performance of the aerospace and defense sector index.
Strategy
Invests primarily in financial instruments, including swaps and futures, to achieve 3x daily leveraged exposure to the aerospace and defense index. The fund rebalances daily to maintain its target exposure, which may lead to high portfolio turnover.
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

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

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

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

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

What's next?

You've reviewed DFEN. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19