ETF·NYSE
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)
- Net assets
- $282.07M
- Expense ratio
- 0.96%
- Yield
- 0.13%
- 52-week range
- $42.80 $97.75
The short version
Where DFEN stands today, in four lines, and what CleaRank Financial AI makes of it.
DFEN at a glance
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN): Strong Sell, 13/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($60.53 and $71.24).
- Fund Expense ratio 0.96%, $282.1M in net assets, -24.8% total return over 1 year.
Figures as of October 17, 2026.
CleaRank Financial AI
CleaRank rates Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) Strong Sell, with a model score of 13/100.
The trend holds it back most: the price is 32.60% below its 200-day average and 20.67% below its 50-day average, and the 50-day average is 15.03% below the 200-day. The 50-day average stands at $60.53 and the 200-day at $71.24. Over the past year the price fell 26.34%.
Only on CleaRank
Figures we compute ourselves from DFEN's own price history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
0/4Price above its 50-day average ›
The price of $48.02 is 20.7% below the 50-day simple moving average of $60.53.Price above its 200-day average ›
The price is 32.6% below the 200-day simple moving average of $71.24.50-day average above the 200-day ›
The 50-day average ($60.53) is 15.0% below the 200-day average ($71.24), the arrangement of a falling longer-term trend.In the upper half of its 52-week range ›
The price sits at 9% of its 52-week range, between $42.80 and $97.75.
DFEN share price
Pick a period: each tab shows how far DFEN has moved over it, to the last close.
Today's trading
Where DFEN sits inside today's range and its 52-week range.
Fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
1/5Expense ratio at or below 0.20% ›
The fund charges 0.96% a year, $96.00 on a $10,000 holding.Over $1B in net assets ›
Net assets total $282.1M.No sector above 35% of the fund ›
The largest sector, Industrials, makes up 100.0% of the fund.Pays a distribution ›
The distribution yield is 0.13%.Positive return over one year ›
The fund family reports a one-year total return of -24.85%.
DFEN Fund Facts
Direxion Daily Aerospace & Defense Bull 3X Shares is a leveraged exchange-traded fund designed to deliver three times the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund uses financial instruments such as swap agreements and other index-linked exposures to provide amplified access to U.S. aerospace and defense companies. Its portfolio is centered on businesses involved in aircraft manufacturing, defense equipment, military systems, and related technology services across the sector.
Sector weights
Trailing total returns
| Period | DFEN |
|---|---|
| YTD | -26.35% |
| 1 month | -26.36% |
| 3 months | -41.25% |
| 1 year | -24.85% |
| 3 years | 58.25% |
| 5 years | 24.50% |
As of Oct 17, 2026, DFEN has an expense ratio of 0.96%, $282.07M in net assets and a distribution yield of 0.13%.
Fund reference data as of Oct 17, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
Key statistics
The headline figures for DFEN.
What the numbers say
CleaRank Financial AI's reading of DFEN's holdings, performance and risks.
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) rests on Industrials, which accounts for 100.0% of the fund. With nearly all of its holdings in one sector, DFEN's performance tracks that sector closely. The fund is a Trading--Leveraged Equity product run by Direxion Funds, and it launched on May 3, 2017.
Each year the expense ratio of 0.96% costs $96.00 on a $10,000 holding. The fund's net assets come to $282.1M, its distribution yield is 0.13%, and portfolio turnover is 90%.
Normal swings for DFEN run at about 2.81% a day. Concentration matters here: Industrials makes up 100.0% of the fund, so a setback in that sector would weigh on the whole. The downtrend is itself a risk for as long as the price stays under both moving averages. The price is 50.87% below its 52-week high of $97.75.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
1/3RSI not overbought or oversold ›
The 14-day RSI is 41.3, in neutral territory.RSI above 50 ›
An RSI of 41.3 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank AI analysis of DFEN
The score, the reasoning behind it, and what could move the price next.
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) shows a downtrend: both moving averages sit above the price. At $48.02, the price is 20.67% below its 50-day average of $60.53 and 32.60% below the 200-day average of $71.24. Sitting at 9% of its 52-week range, the price is 12.20% above the 52-week low of $42.80. The 50-day average is 15.03% below the 200-day, and that gap backs up the weakness instead of cutting against it.
The price is down over each of these periods: 9.97% over the past month, 29.43% over the past three months and 26.34% over the past year. On momentum, the 14-day RSI reads 41.3, in the neutral zone, with the MACD line negative.
- Keep an eye on the two closest levels: the 20-day EMA, which sits at $48.91 above the price, and the 52-week low of $42.80, which sits below it.
- The 14-day RSI reads 41.3, in the neutral zone, with the MACD line negative; readings above 70 or below 30 mark stretched momentum.
- Fees add up over time. At an expense ratio of 0.96% per year, DFEN takes $96.00 from every $10,000 invested.
DFEN stays in a downtrend for as long as it trades under both its 50-day average of $60.53 and its 200-day average of $71.24. A close back above the 50-day would mark the first sign of a repair. Overhead, the first hurdle is the 20-day EMA at $48.91.
The 52-week low at $42.80 is the next level below. The 14-day RSI of 41.3 is in the neutral band, between 40 and 60.
Technical indicators
Momentum and trend for DFEN, from its daily closes.
As of October 17, 2026, with DFEN at $48.02, its 14-day RSI is 41.3 (neutral territory), its 50-day simple moving average is $60.53 and its 200-day is $71.24.
Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What DFEN moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 17, 2026, DFEN's 1-year correlation of daily returns is +0.64 with S&P 500 (SPY), +0.55 with Nasdaq 100 (QQQ), +0.28 with Bitcoin (BTC) and +0.23 with gold (XAU).
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
DFEN trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Short entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from DFEN's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much DFEN tends to move, against the market and on its own.
The long record
DFEN's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
2/4Average daily move under 2% ›
The price has moved 2.81% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 90.6%, from February 2020 to March 2020, regained by July 2025.Most 1-year holds ended higher ›
69% of 1-year holding periods in the last 9 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in May 2017 is now worth $25,489, against $37,073 in the S&P 500 (SPY).
DFEN Drawdowns & Recovery
As of October 17, 2026, DFEN's worst peak-to-trough fall over the last 9 years with dividends reinvested was -90.6% (February 2020 to March 2020); it regained that peak by July 2025, 64 months after the low, and 69% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into DFEN in May 2017 is worth now, against the same amount in the S&P 500.
Against the market: DFEN trailed the S&P 500 over this period: $25,489 against $37,073.
A $10,000 investment in DFEN in May 2017 would be worth about $25,489 today with dividends reinvested, compared with about $37,073 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to DFEN, and which have not.
Strongest month, November: an average of +16.28%, up in 6 of 9 years.
Weakest month, March: an average of -8.40%, up in 4 of 9 years.
This month, October: has averaged +1.27%, up in 4 of 9 years. Past seasonality does not repeat on schedule.
Over the last 10 years, DFEN's strongest calendar month has been November (average +16.28%, up in 6 of 9 years) and its weakest March (average -8.40%, up in 4 of 9 years).
Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in DFEN, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in DFEN today could grow to about $19,175 by 2036 in the base case, with a 90th-percentile outcome near $145,471 and a 10th-percentile outcome around $2,527. The simulation models price only; at today's 0.13% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
DFEN 2030 Scenarios (Monte Carlo)
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $62.30 for DFEN by 2030 in the base case, from $48.02 today (1.3x over 4 years). The 10th-percentile path ends near $17.30. These are outcomes of a Monte Carlo simulation run on DFEN's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $27.00 | $51.25 | $97.27 | |
| 2028 | $22.10 | $54.70 | $135 | |
| 2029 | $19.24 | $58.38 | $177 | |
| 2030 | $17.30 | $62.30 | $224 | |
| 2031 | $15.87 | $66.49 | $279 |
Method: a lognormal simulation of DFEN's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
Questions people ask
Answered from the figures on this page, as of October 17, 2026.