Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX)
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide monthly exposure to the index or to ETFs that track the index. The index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. The fund is non-diversified.
Fund Info
| ISIN | US25460D1019 |
|---|---|
| CUSIP | 25460D101 |
| Issuer | Direxion |
| Inception Date | Mar 31, 2016 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $25,000 |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
DXNLX has a high expense ratio of 1.19%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DXNLX vs. DXQLX, DXNLX vs. QQQ, DXNLX vs. FTEC, DXNLX vs. SSO, DXNLX vs. FXAIX, DXNLX vs. VOO, DXNLX vs. SPY, DXNLX vs. FSPTX, DXNLX vs. TQQQ, DXNLX vs. QLD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Monthly NASDAQ-100 Bull 1.25X 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 NASDAQ-100 Bull 1.25X Fund had a return of 29.84% year-to-date (YTD) and 46.96% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 29.84% | 25.82% |
| 1 month | 5.00% | 3.20% |
| 6 months | 19.18% | 14.94% |
| 1 year | 46.96% | 35.92% |
| 5 years (annualized) | 19.90% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of DXNLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.05% | 6.45% | 1.31% | -5.79% | 7.57% | 7.63% | -2.19% | 1.12% | 2.90% | -1.33% | 29.84% | ||
| 2023 | 13.10% | -0.67% | 11.51% | 0.38% | 9.46% | 7.80% | 4.46% | -2.07% | -6.49% | -2.84% | 13.25% | 6.68% | 66.61% |
| 2022 | -10.89% | -5.97% | 5.10% | -16.79% | -2.03% | -11.27% | 15.61% | -6.53% | -13.23% | 4.78% | 6.68% | -11.46% | -40.88% |
| 2021 | 0.24% | -0.20% | 1.66% | 7.22% | -1.62% | 7.82% | 3.35% | 5.14% | -7.25% | 9.73% | 2.20% | -5.73% | 23.22% |
| 2020 | 3.64% | -7.43% | -9.75% | 18.70% | 7.67% | 7.77% | 9.10% | 13.76% | -7.25% | -4.11% | 13.69% | -1.91% | 46.80% |
| 2019 | 35.66% | 23.91% | 25.00% | 25.39% | 5.17% | 9.36% | 2.73% | -2.59% | 0.79% | 5.19% | 4.84% | 4.72% | 252.99% |
| 2018 | 10.54% | -1.78% | -5.12% | 0.30% | 6.87% | 1.11% | 3.19% | 0.37% | -0.58% | -11.00% | -0.35% | -11.29% | -9.55% |
| 2017 | 6.36% | 5.28% | 2.36% | 3.25% | 4.64% | -3.18% | 4.98% | 2.31% | -0.41% | 5.49% | 2.39% | -6.63% | 29.32% |
| 2016 | -4.05% | 5.40% | -2.62% | 8.80% | 1.09% | 2.60% | -1.86% | 0.37% | 1.25% | 10.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DXNLX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Monthly NASDAQ-100 Bull 1.25X Fund provided a 0.16% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.00 | $0.00 | $0.00 | $2.27 | $24.17 | $0.11 |
Dividend yield | 0.16% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Monthly NASDAQ-100 Bull 1.25X 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $2.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.27 |
| 2019 | $4.87 | $4.82 | $4.82 | $4.83 | $4.83 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $24.17 |
| 2018 | $0.11 | $0.11 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Monthly NASDAQ-100 Bull 1.25X 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 NASDAQ-100 Bull 1.25X Fund was 47.71%, occurring on Dec 28, 2022. Recovery took 346 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.71% | Nov 22, 2021 | 277 | Dec 28, 2022 | 346 | May 15, 2024 | 623 |
| -34.22% | Feb 20, 2020 | 22 | Mar 20, 2020 | 53 | Jun 5, 2020 | 75 |
| -31.6% | Jul 26, 2018 | 105 | Dec 24, 2018 | 25 | Jan 31, 2019 | 130 |
| -16.94% | Jul 11, 2024 | 20 | Aug 7, 2024 | 65 | Nov 7, 2024 | 85 |
| -15.93% | Sep 3, 2020 | 14 | Sep 23, 2020 | 51 | Dec 4, 2020 | 65 |
Volatility
Volatility Chart
The current Direxion Monthly NASDAQ-100 Bull 1.25X Fund volatility is 6.42%, 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.