DFENDirexion Daily Aerospace & Defense Bull 3X Shares
DFEN Fund Description
DFEN provides 3X leveraged exposure to a market-cap- weighted index of US aerospace and defense companies.
DFEN Factset Analytics Insight
DFEN is a daily 3X leveraged bet on the Dow Jones U.S. Select Aerospace and Defense Index, a market-cap-weighted index of US-listed aerospace and defense stocks. Unleveraged exposure to the same index can be found in ITA—a popular fund from BlackRock.The geared 3X nature of DFEN is designed to magnify the daily performance of the index, not to return 300% of the index performance over extended periods of time. Due to compounding and the daily reset function, the fund is meant to be a trading vehicle for investors to make short-term bets on the direction of the aerospace and defense industry and not a long-term investment strategy. Compounding becomes more pronounced—and more of a concern—as holding periods increase, and the fund is likely to stray from the returns of the underlying index in such cases.Due to the fund’s day trading personality, trading volume and bid/ask spread are more important cost considerations than expense ratio.
DFEN MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 20, 2019 the Direxion Daily Aerospace & Defense Bull 3X Shares MSCI ESG Fund Quality Score is 5.57 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. DFEN ranks in the 0th percentile within its peer group and in the 52nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
DFEN CHARTS AND PERFORMANCE
DFEN Portfolio Data
DFEN Index Data
DFEN Fund Structure
DFEN Tax Exposures
DFEN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DFEN. DFEN is rated a N/A out of 5.