- ISIN
- US2549391272
- CUSIP
- 254939127
- Issuer
- Direxion
- Inception Date
- Feb 17, 2016
- Category
- Leveraged Bonds
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DXHYX Performance Chart
Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is up 0.6% since the beginning of the year. DXHYX is currently trading at $18 per share. Investors who bought $1,000 worth of DXHYX shares 5 years ago would now be looking at an investment worth $1,100.
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Returns By Period
Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) has returned 0.59% so far this year and 5.69% over the past 12 months.
Direxion Monthly High Yield Bull 1.2X Fund
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- 0.59%
- 6M
- 1.05%
- 1Y
- 5.69%
- 3Y*
- 6.93%
- 5Y*
- 1.92%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
DXHYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, DXHYX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jul 2022 with a return of +7.1%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DXHYX closed higher 50% of trading days. The best single day was Apr 9, 2020 with a return of +6.9%, while the worst single day was Mar 16, 2020 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | -0.36% | -1.27% | 1.59% | 0.34% | -0.11% | 0.59% | ||||||
| 2025 | 1.41% | 0.51% | -2.08% | -0.27% | 1.89% | 1.99% | -0.02% | 1.14% | 0.84% | -0.22% | 0.63% | 0.62% | 6.56% |
| 2024 | -0.04% | 0.23% | 1.03% | -1.71% | 1.58% | 0.38% | 2.38% | 1.56% | 1.68% | -1.29% | 1.78% | -1.19% | 6.47% |
| 2023 | 4.01% | -2.13% | 1.90% | 0.03% | -1.47% | 1.88% | 1.11% | 0.15% | -1.90% | -1.42% | 5.12% | 3.43% | 10.88% |
| 2022 | -3.03% | -0.98% | -1.44% | -4.66% | 1.37% | -8.40% | 7.12% | -4.59% | -4.12% | 3.42% | 3.63% | -2.25% | -13.99% |
| 2021 | -0.47% | 0.05% | 1.28% | 0.63% | 0.02% | 1.26% | -0.21% | 0.48% | -0.39% | -0.44% | -1.59% | 2.39% | 3.00% |
Benchmark Metrics
Direxion Monthly High Yield Bull 1.2X Fund has an annualized alpha of -2.44%, beta of 0.39, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.
- This fund participated in 53.45% of S&P 500 Index downside but only 31.22% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.44% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.39 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.44%
- Beta
- 0.39
- R²
- 0.60
- Upside Capture
- 31.22%
- Downside Capture
- 53.45%
Expense Ratio
DXHYX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DXHYX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) and compare them to S&P 500 Index.
| DXHYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 2.39 | -1.09 |
Sortino ratioReturn per unit of downside risk | 1.95 | 3.25 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.11 | -1.23 |
Martin ratioReturn relative to average drawdown | 7.81 | 14.38 | -6.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Direxion Monthly High Yield Bull 1.2X Fund provided a 3.58% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.77 | $0.83 | $1.05 | $2.00 | $0.44 | $1.34 | $2.22 | $1.10 | $0.85 |
Dividend yield | 3.58% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Monthly High Yield Bull 1.2X Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.08 | $0.04 | $0.06 | $0.04 | $0.00 | $0.26 | ||||||
| 2025 | $0.04 | $0.00 | $0.00 | $0.17 | $0.19 | $0.06 | $0.07 | $0.05 | $0.06 | $0.09 | $0.04 | $0.00 | $0.77 |
| 2024 | $0.14 | $0.08 | $0.07 | $0.11 | $0.01 | $0.05 | $0.06 | $0.08 | $0.07 | $0.08 | $0.06 | $0.00 | $0.83 |
| 2023 | $0.10 | $0.11 | $0.28 | $0.14 | $0.15 | $0.06 | $0.04 | $0.03 | $0.05 | $0.07 | $0.01 | $0.00 | $1.05 |
| 2022 | $0.09 | $0.79 | $0.19 | $0.06 | $0.00 | $0.55 | $0.00 | $0.04 | $0.20 | $0.00 | $0.10 | $0.00 | $2.00 |
| 2021 | $0.00 | $0.11 | $0.05 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.06 | $0.01 | $0.00 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Monthly High Yield Bull 1.2X Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Monthly High Yield Bull 1.2X Fund was 26.40%, occurring on Mar 23, 2020. Recovery took 177 trading sessions.
The current Direxion Monthly High Yield Bull 1.2X Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.40%Mar 2020 | 1mo 9d | 8mo 14d | 9mo 23dFeb 2020 - Dec 2020 |
Bear market2022 | -18.67%Sep 2022 | 1y 11d | 1y 11mo | 2y 11moSep 2021 - Aug 2024 |
Rate-hike selloffLate 2018 | -8.01%Dec 2018 | 2mo 22d | 1mo 28d | 4mo 20dOct 2018 - Feb 2019 |
2025 selloff2025 | -6.42%Apr 2025 | 1mo 6d | 2mo 5d | 3mo 11dMar 2025 - Jun 2025 |
2018 pullback2018 | -3.44%Feb 2018 | 1mo 2d | 5mo 22d | 6mo 24dJan 2018 - Jul 2018 |
Drawdown Indicators
| DXHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -56.78% | +30.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -9.10% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -18.90% | +12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -25.43% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -10.72% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.97% | -1.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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