- ISIN
- US2549397055
- CUSIP
- 254939705
- Issuer
- Direxion
- Inception Date
- May 1, 2006
- Category
- Leveraged Equities, S&P 500
- Min. Investment
- $25,000
- Index Tracked
- S&P 500 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DXSLX Performance Chart
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is up 15.4% since the beginning of the year. DXSLX is currently trading at $88 per share. Investors who bought $1,000 worth of DXSLX shares 5 years ago would now be looking at an investment worth $2,057.
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Returns By Period
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has returned 15.43% so far this year and 32.85% over the past 12 months. Looking at the last ten years, DXSLX has achieved an annualized return of 22.55%, outperforming the S&P 500 Index benchmark, which averaged 13.41% per year.
Direxion Monthly S&P 500 Bull 1.75X Fund
- 1D
- 1.40%
- 1M
- 2.44%
- 6M
- 12.09%
- YTD
- 15.43%
- 1Y
- 32.85%
- 3Y*
- 30.56%
- 5Y*
- 15.52%
- 10Y*
- 22.55%
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
DXSLX Monthly Returns History
Based on dividend-adjusted daily data since May 2, 2006, DXSLX's average daily return is +0.08%, while the average monthly return is +1.41%. At this rate, an investment would double in approximately 4.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +25.3%, while the worst month was Oct 2008 at -43.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DXSLX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +29.0%, while the worst single day was Mar 16, 2020 at -26.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.09% | -1.77% | -9.16% | 17.93% | 8.76% | -2.23% | 1.04% | 15.43% | |||||
| 2025 | 4.31% | -2.70% | -10.29% | -1.73% | 10.43% | 8.45% | 3.45% | 3.12% | 5.86% | 3.63% | -0.01% | -0.27% | 25.05% |
| 2024 | 2.35% | 8.76% | 5.14% | -7.63% | 8.21% | 5.73% | 1.54% | 3.67% | 3.23% | -2.12% | 9.80% | -4.70% | 37.66% |
| 2023 | 10.52% | -4.70% | 5.93% | 2.28% | 0.25% | 11.08% | 5.12% | -3.32% | -8.80% | -4.23% | 15.45% | 7.44% | 39.91% |
| 2022 | -10.57% | -6.19% | 7.17% | -17.70% | 0.16% | -16.81% | 18.11% | -7.47% | -16.45% | 13.76% | 9.32% | -10.50% | -37.35% |
| 2021 | -2.30% | 5.32% | 8.52% | 10.41% | 1.18% | 4.45% | 4.52% | 5.85% | -9.49% | 13.76% | -1.60% | 8.89% | 59.07% |
Benchmark Metrics
Direxion Monthly S&P 500 Bull 1.75X Fund has an annualized alpha of -2.37%, beta of 2.18, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since May 02, 2006.
- This fund captured 234.77% of S&P 500 Index gains and 174.16% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund had an annualized alpha of -2.37% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.18 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -2.37%
- Beta
- 2.18
- R²
- 0.98
- Upside Capture
- 234.77%
- Downside Capture
- 174.16%
Expense Ratio
DXSLX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DXSLX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) 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.
| DXSLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.28 | -0.27 |
| Martin ratioReturn relative to average drawdown | 8.55 | 9.88 | -1.33 |
Dividends
Dividend History
Direxion Monthly S&P 500 Bull 1.75X Fund provided a 6.61% dividend yield over the last twelve months, with an annual payout of $5.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.79 | $6.10 | $7.04 | $0.00 | $0.00 | $4.80 | $1.00 | $1.47 | $1.57 | $1.90 | $0.00 | $0.87 |
Dividend yield | 6.61% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Monthly S&P 500 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 | $0.89 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | |||||
| 2025 | $1.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.90 | $6.10 |
| 2024 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.69 | $7.04 |
| 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 | $4.80 | $4.80 |
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 S&P 500 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 S&P 500 Bull 1.75X Fund was 91.80%, occurring on Mar 9, 2009. Recovery took 1873 trading sessions.
The current Direxion Monthly S&P 500 Bull 1.75X Fund drawdown is 1.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -91.80%Mar 2009 | 1y 7mo | 7y 5mo | 9y 1moJul 2007 - Aug 2016 |
COVID crash2020 | -61.09%Mar 2020 | 1mo 2d | 5mo 6d | 6mo 8dFeb 2020 - Aug 2020 |
Bear market2022 | -44.67%Oct 2022 | 9mo 11d | 1y 5mo | 2y 2moJan 2022 - Mar 2024 |
Rate-hike selloffLate 2018 | -38.15%Dec 2018 | 3mo 4d | 6mo 11d | 9mo 15dSep 2018 - Jul 2019 |
2025 selloff2025 | -31.90%Apr 2025 | 1mo 17d | 2mo 25d | 4mo 12dFeb 2025 - Jul 2025 |
Drawdown Indicators
| DXSLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -56.78% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.30% | -9.10% | -7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.90% | -18.90% | -13.00% |
Max Drawdown (5Y)Largest decline over 5 years | -44.67% | -25.43% | -19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -61.09% | -33.92% | -27.17% |
Current DrawdownCurrent decline from peak | -1.88% | -0.45% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -26.25% | -10.71% | -15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.09% | +1.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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