- ISIN
- US2549398384
- CUSIP
- 254939838
- Issuer
- Direxion
- Inception Date
- Feb 22, 1999
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DXRLX Performance Chart
Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) is up 34.1% since the beginning of the year. DXRLX is currently trading at $128 per share. Investors who bought $1,000 worth of DXRLX shares 5 years ago would now be looking at an investment worth $1,223.
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Returns By Period
Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has returned 34.06% so far this year and 74.45% over the past 12 months. Over the last ten years, DXRLX has returned 13.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Direxion Monthly Small Cap Bull 1.75X Fund
- 1D
- 3.58%
- 1M
- 6.53%
- YTD
- 34.06%
- 6M
- 27.13%
- 1Y
- 74.45%
- 3Y*
- 23.44%
- 5Y*
- 4.11%
- 10Y*
- 13.16%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DXRLX Monthly Returns History
Based on dividend-adjusted daily data since Feb 19, 1999, DXRLX's average daily return is +0.16%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +38.6%, while the worst month was Oct 2008 at -50.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DXRLX closed higher 53% of trading days. The best single day was Jan 5, 2000 with a return of +299.4%, while the worst single day was Sep 17, 2001 at -76.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.00% | 0.97% | -9.15% | 20.84% | 7.28% | 3.42% | 34.06% | ||||||
| 2025 | 4.04% | -9.69% | -12.39% | -4.52% | 8.79% | 9.08% | 2.54% | 12.00% | 5.02% | 2.69% | 1.26% | -1.50% | 15.22% |
| 2024 | -7.34% | 9.35% | 5.67% | -12.71% | 8.25% | -2.25% | 17.29% | -3.27% | 0.70% | -2.99% | 18.72% | -14.97% | 10.66% |
| 2023 | 16.62% | -3.36% | -8.85% | -3.59% | -2.07% | 13.71% | 10.19% | -9.28% | -10.75% | -12.45% | 15.41% | 20.76% | 20.05% |
| 2022 | -19.42% | 1.92% | 2.25% | -20.07% | 0.07% | -16.75% | 20.57% | -3.84% | -17.07% | 18.97% | 3.65% | -9.86% | -40.24% |
| 2021 | 9.79% | 12.28% | 1.84% | 3.96% | 0.20% | 3.67% | -7.40% | 4.24% | -6.08% | 8.26% | -8.53% | 4.22% | 26.84% |
Benchmark Metrics
Direxion Monthly Small Cap Bull 1.75X Fund has an annualized alpha of 26.58%, beta of 2.12, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 19, 1999.
- This fund captured 233.84% of S&P 500 Index gains and 179.33% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.15 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 26.58%
- Beta
- 2.12
- R²
- 0.15
- Upside Capture
- 233.84%
- Downside Capture
- 179.33%
Expense Ratio
DXRLX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DXRLX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXRLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.78 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.43 | 12.44 | +0.99 |
Dividends
Dividend History
Direxion Monthly Small Cap Bull 1.75X Fund provided a 1.55% dividend yield over the last twelve months, with an annual payout of $1.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.98 | $1.20 | $0.56 | $0.00 | $1.47 | $0.93 | $0.63 | $2.76 | $3.99 |
Dividend yield | 1.55% | 1.23% | 0.66% | 0.00% | 2.27% | 0.84% | 0.71% | 3.76% | 7.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Monthly Small Cap Bull 1.75X 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 | $1.98 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | ||||||
| 2025 | $1.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 |
| 2024 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 |
| 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 | $0.02 | $0.00 | $0.00 | $0.00 | $1.46 | $1.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
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 Small Cap Bull 1.75X 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 Small Cap Bull 1.75X Fund was 94.32%, occurring on Mar 9, 2009. Recovery took 2048 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -94.32%Mar 2009 | 1y 9mo | 8y 1mo | 9y 10moJun 2007 - Apr 2017 |
Dot-com crash2000–2002 | -85.92%Sep 2001 | 1y 6mo | 4y 6mo | 6y 20dMar 2000 - Mar 2006 |
COVID crash2020 | -77.63%Mar 2020 | 1y 6mo | 9mo 2d | 2y 3moSep 2018 - Dec 2020 |
2000 bear market2000 | -76.59%Jan 2000 | 1d | 10d | 11dJan 2000 - Jan 2000 |
2023 bear market2023 | -57.64%Oct 2023 | 1y 11mo | 2y 7mo | 4y 6moNov 2021 - May 2026 |
Drawdown Indicators
| DXRLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.32% | -56.78% | -37.54% |
Max Drawdown (1Y)Largest decline over 1 year | -19.38% | -9.10% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -45.58% | -18.90% | -26.68% |
Max Drawdown (5Y)Largest decline over 5 years | -57.64% | -25.43% | -32.21% |
Max Drawdown (10Y)Largest decline over 10 years | -77.63% | -33.92% | -43.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -10.71% | -23.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 2.03% | +3.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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