DFEN vs NATO
Direxion Daily Aerospace & Defense Bull 3X ETF against Themes Transatlantic Defense ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
55%
37 shared positions
Fee gap
—
same fee
1-year return gap
28.5 pts
NATO is ahead
Larger fund
DFEN
$282M
Side by side
| DFEN | NATO | |
|---|---|---|
| Fund | Direxion Daily Aerospace & Defense Bull 3X ETF | Themes Transatlantic Defense ETF |
| Issuer | Direxion | Themes |
| Category | Leveraged Equity | Aerospace & Defense |
| Expense ratio | — | 0.35% |
| Assets | $282M | $90M |
| Average daily dollar volume | $18M | $809K |
| Listed | May 3, 2017 | Oct 10, 2024 |
| FrenzyCap score | 66 | 53 |
| 1-month return | −16.1% | −5.1% |
| 3-month return | −35.4% | −9.3% |
| Year to date | −27.0% | −5.5% |
| 1-year return | −37.4% | −8.9% |
| 30-day volatility | 45.1% | 13.6% |
| Worst drawdown, 1 year | −54.4% | −18.9% |
| Trailing 12-month yield | 12.05% | 0.48% |
| Holdings | 61 | 85 |
| Top 10 weight | 288.8% | 58.6% |
| Look-through P/E | 35.7 | 29.8 |
| Holdings vs fair value | +5.8% | +7.2% |
| Holdings above 200-day average | 3% | 2% |
| Net flow, latest 3 reported months | −$62M thru Jul 2026 | −$6.3M thru Jun 2026 |
| 30-day implied volatility | 65.6% | — |
| Holdings as of | as of Oct 9, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
65% of DFEN · 62% of NATO| Holding | DFEN | NATO |
|---|---|---|
| GE | 14.92% | 9.69% |
| RTX | 11.69% | 7.58% |
| BA | 5.50% | 7.25% |
| LMT | 3.34% | 5.17% |
| TDG | 3.33% | 3.39% |
| HWM | 3.30% | 4.83% |
| NOC | 3.24% | 3.35% |
| GD | 3.22% | 3.61% |
| HONA | 2.76% | 3.10% |
| LHX | 2.49% | 2.51% |
| RKLB | 2.13% | 2.50% |
| AXON | 1.92% | 1.90% |
| CW | 1.06% | 1.31% |
| BWXT | 0.74% | 0.82% |
| TXT | 0.71% | 0.76% |
| HEI | 0.68% | 0.67% |
| HII | 0.59% | 0.49% |
| KTOS | 0.45% | 0.42% |
| HXL | 0.36% | 0.36% |
| MRCY | 0.25% | 0.29% |
| AIR | 0.23% | 0.25% |
| AVAV | 0.29% | 0.23% |
| KRMN | 0.22% | 0.17% |
| ACHR | 0.17% | 0.13% |
| ATRO | 0.13% | 0.13% |
Sector mix of the stock holdings
| Sector | DFEN | NATO | Gap |
|---|---|---|---|
| Industrials | 63.9% | 62.2% | +1.6% |
| Materials | 6.2% | 5.2% | +1.0% |
| Technology | 0.3% | 0.7% | −0.4% |
| Health Care | 0.0% | 0.0% | +0.0% |
More: full overlap table · DFEN holdings · NATO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.