Direxion Monthly High Yield Bull 1.2X Fund (DXHYX)
The fund allocates at least 80% of its net assets (including borrowing for investment purposes) to securities of the index, ETFs tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs. The index is a rules-based, systematic strategy index calculated in U.S. dollars, providing exposure to an equal-weighted portfolio of high-yield ETFs.
Fund Info
| ISIN | US2549391272 |
|---|---|
| CUSIP | 254939127 |
| Issuer | Direxion |
| Inception Date | Feb 17, 2016 |
| Category | Leveraged, Leveraged Bonds |
| Min. Investment | $25,000 |
| Home Page | www.direxion.com |
| Asset Class | Bond |
Expense Ratio
DXHYX has a high expense ratio of 1.35%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: DXHYX vs. FDFIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Monthly High Yield Bull 1.2X Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Monthly High Yield Bull 1.2X Fund had a return of 0.34% year-to-date (YTD) and 7.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.34% | 7.26% |
| 1 month | -0.84% | -2.63% |
| 6 months | 9.45% | 22.78% |
| 1 year | 7.28% | 22.71% |
| 5 years (annualized) | 0.89% | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.03% | 0.22% | 1.00% | |||||||||
| 2023 | -1.47% | 5.15% | 3.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DXHYX is 49, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Direxion Monthly High Yield Bull 1.2X Fund(DXHYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Monthly High Yield Bull 1.2X Fund granted a 4.86% dividend yield in the last twelve months. The annual payout for that period amounted to $0.82 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $1.05 | $2.00 | $0.44 | $1.34 | $2.22 | $1.10 | $0.85 | $0.77 |
Dividend yield | 4.86% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% | 3.28% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.14 | $0.08 | $0.07 | |||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.09 | $0.01 | $0.74 | $0.08 | $0.12 | $0.07 | $0.04 | $0.06 | $0.13 | $0.00 | $0.01 | $0.00 |
| 2019 | $1.44 | $0.13 | $0.13 | $0.13 | $0.08 | $0.04 | $0.08 | $0.00 | $0.09 | $0.06 | $0.05 | $0.00 |
| 2018 | $0.33 | $0.08 | $0.13 | $0.02 | $0.04 | $0.04 | $0.05 | $0.06 | $0.11 | $0.12 | $0.12 | $0.00 |
| 2017 | $0.12 | $0.05 | $0.08 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.17 | $0.00 |
| 2016 | $0.15 | $0.06 | $0.06 | $0.00 | $0.05 | $0.06 | $0.06 | $0.08 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 4.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.4% | Feb 13, 2020 | 27 | Mar 23, 2020 | 177 | Dec 2, 2020 | 204 |
| -18.71% | Sep 16, 2021 | 260 | Sep 27, 2022 | — | — | — |
| -8.04% | Oct 2, 2018 | 58 | Dec 24, 2018 | 37 | Feb 19, 2019 | 95 |
| -3.71% | Oct 25, 2016 | 15 | Nov 14, 2016 | 16 | Dec 7, 2016 | 31 |
| -3.5% | Jun 9, 2016 | 13 | Jun 27, 2016 | 3 | Jun 30, 2016 | 16 |
Volatility
Volatility Chart
The current Direxion Monthly High Yield Bull 1.2X Fund volatility is 2.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.