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Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The Direxion Monthly NASDAQ-100® Bull 1.75X Fund aims to achieve monthly investment results, before fees and expenses, of 175% of the NASDAQ-100® Index's calendar month performance. The NASDAQ-100® Index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market®, based on market capitalization.

Looking to diversify beyond DXQLX? The mutual funds below have the lowest correlation with DXQLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DXQLX.

Best Diversifiers for DXQLX

1 mutual funds have low correlation with DXQLX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENPIX
ProFunds UltraSector Oil & Gas Fund-0.150.050.18
51
Leveraged EquitiesDXQLX vs ENPIX
DRCVX
Comstock Capital Value Fund0.400.430.48
97
Inverse EquitiesDXQLX vs DRCVX
BIPIX
ProFunds Biotechnology UltraSector Fund0.440.460.53
67
Leveraged EquitiesDXQLX vs BIPIX
UBPIX
ProFunds UltraLatin America Fund0.440.420.38
70
Leveraged EquitiesDXQLX vs UBPIX
DXRLX
Direxion Monthly Small Cap Bull 1.75X Fund0.690.650.72
60
Leveraged EquitiesDXQLX vs DXRLX
See all 24 diversifiers for DXQLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from DXQLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXQLX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.57, roughly unchanged from 0.63 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TSLA
Tesla, Inc.0.570.590.63
55
Consumer Cyclical

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Diversification Analysis

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