Direxion Daily Aerospace & Defense Bull 3X ETF (DFEN) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
48 identified stocks · net exposure / NAV 67.61%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
48 identified stocks · net exposure / NAV 67.61%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 78.1% of the fund. The concentration index (HHI) is 985 — Low — evenly diversified, and the largest sector is Industrials (96%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (985), so no single holding dominates.
Industrials alone is 96%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
A 3x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 3". Built for short holds.
We don't have cost, fund size for Direxion Daily Aerospace & Defense Bull 3X ETF yet, so those axes are excluded and the score is based on the other 3. Scoring a missing figure as zero would grade our data collection, not the fund.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (985), so no single holding dominates.
Industrials alone is 96%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
A 3x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 3". Built for short holds.
We don't have cost, fund size for Direxion Daily Aerospace & Defense Bull 3X ETF yet, so those axes are excluded and the score is based on the other 3. Scoring a missing figure as zero would grade our data collection, not the fund.
Top 20 holdings
7 derivative positions are excluded. Stock contributions do not explain the entire ETF return.
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | GENERAL ELECTRICGE | 21.35% |
| 2 | RTXRTX | 17.13% |
| 3 | BOEING/THEBA | 7.76% |
| 4 | LOCKHEED MARTINLMT | 5.05% |
| 5 | TRANSDIGMTDG | 4.86% |
| 6 | NORTHROP GRUMMANNOC | 4.84% |
| 7 | GENERAL DYNAMICSGD | 4.69% |
| 8 | HOWMET AEROSPACEHWM | 4.56% |
| 9 | HONEYWELL AEROSPACEHONA | 4.19% |
| 10 | L3HARRIS TECHNOLOGIESLHX | 3.64% |
| 11 | AXON ENTERPRISEAXON | 2.50% |
| 12 | ROCKET LABRKLB | 2.20% |
| 13 | ATIATI | 1.99% |
| 14 | WOODWARDWWD | 1.53% |
| 15 | CARPENTER TECHNOLOGYCRS | 1.47% |
| 16 | CURTISS-WRIGHTCW | 1.46% |
| 17 | FTAI AVIATIONFTAI | 1.33% |
| 18 | TEXTRONTXT | 1.03% |
| 19 | HEICOHEI | 1.00% |
| 20 | BWX TECHNOLOGIESBWXT | 0.99% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
Leverage / inverse caveat
This fund tracks its index at 3x.
That 3x applies to a **single day**. Held longer, the daily reset makes the period return drift from 3x the index: if the index chops up and down and returns to where it started, this fund is still down. That is volatility decay.
It bites hardest in sideways markets and compounds with holding time. These are built for short directional trades.
How concentrated is it
Concentration (HHI) is low at 985, with the top 10 holdings at just 78.1% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Industrials alone is 96% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, ITA, overlaps only 19% (23 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
What it is made of
The fund holds 61 positions in total; this page lists the largest 48 and folds the rest into "Others".
Equities are 67.6% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
This page is not investment advice. Investment decisions and responsibility are your own.
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