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Leveraged Daily Exposure to the U.S. Aerospace & Defense Sector (DFEN)

Jan 07, 2026 | Team Kalkine
Leveraged Daily Exposure to the U.S. Aerospace & Defense Sector (DFEN)
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The Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA: DFEN) seeks to provide three times (3x) the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index, which tracks U.S. companies involved in the manufacture, development, and distribution of aerospace and defense equipment and services.

The ETF achieves this exposure through the use of derivatives such as swaps and futures, rather than holding all index constituents directly. Because leverage is reset daily, performance over periods longer than one trading session can diverge materially from 3x the cumulative return of the underlying index due to daily compounding effects.

How the Leverage Works

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Past performance is not a reliable indicator of future performance.