ATLASDirexion Daily Aerospace & Defense Bull 3X Shares (DFEN): outlook, holdings and fees
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is an exchange-traded fund and is managed by Direxion Funds. The expense ratio is 0.96% and the yield is 0.13%. The ten largest holdings are 16% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on DFEN
| Last price | $51.48 (+7.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 47% |
| Likely 1-month range (50%) | $45.58 – $56.84 |
| Normal 1-day range (±1σ) | ±3.8% |
| Distribution yield | 0.13% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
DFEN fund facts
| Issuer | Direxion Funds |
|---|---|
| Theme | Leveraged |
| Assets under management | $282M |
| Expense ratio | 0.96% |
| Number of holdings | 41 |
| Portfolio turnover | 0% |
| Inception | May 3, 2017 |
| Exchange | NYSE |
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.
DFEN top holdings
| Holding | Sector | Weight |
|---|---|---|
| General Electric Company GCP | Other | 4.47% |
| RTX Corporation RTX | Industrials | 3.45% |
| The Boeing Company BA | Industrials | 1.61% |
| Transdigm Group Incorporated TDG | Industrials | 1.01% |
| Lockheed Martin Corporation LMT | Industrials | 0.98% |
| Howmet Aerospace Inc HWM | Industrials | 0.98% |
| General Dynamics Corporation GD | Industrials | 0.90% |
| Northrop Grumman Corporation NOC | Industrials | 0.92% |
| Honeywell Aerospace Inc. Common Stock When Issued HONAV | – | 0.82% |
| L3Harris Technologies Inc LHX | Industrials | 0.71% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
DFEN sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 100.0% |
By region: North America 100.0%.
DFEN returns and risk
| Year to date | -28.8% |
|---|---|
| 1 year | -28.7% |
| 3 years (annualised) | +51.8% |
| 5 years (annualised) | +21.4% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 56.5% |
| Sharpe ratio (3 years) | 0.98 |
Past returns do not guarantee future results.
DFEN: frequently asked questions
What does DFEN invest in?
Direxion Daily Aerospace & Defense Bull 3X Shares invests in a portfolio of securities. Its largest holdings are General Electric Company (4.5%), RTX Corporation (3.4%), The Boeing Company (1.6%), Transdigm Group Incorporated (1.0%), Lockheed Martin Corporation (1.0%).
What is the DFEN expense ratio?
0.96% a year: about $96.00 for every $10,000 invested.
What is the DFEN dividend yield?
0.13%. ATLAS does not hold the exact distribution dates for ETFs.
Will DFEN go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 47%, with a likely range (50%) of $45.58 to $56.84 from $51.48 today. It is a probability, not a prediction.
How has DFEN performed?
Year to date -28.8%, one year -28.7%, three years +51.8% a year, five years +21.4% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer