- 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
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
DXSLX Performance Chart
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is up 14.5% since the beginning of the year. DXSLX is currently trading at $87 per share. Investors who bought $1,000 worth of DXSLX shares 5 years ago would now be looking at an investment worth $2,243.
Loading charts...
Returns By Period
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has returned 14.48% so far this year and 42.73% over the past 12 months. Looking at the last ten years, DXSLX has achieved an annualized return of 27.22%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Direxion Monthly S&P 500 Bull 1.75X Fund
- 1D
- 1.84%
- 1M
- 0.31%
- YTD
- 14.48%
- 6M
- 13.45%
- 1Y
- 42.73%
- 3Y*
- 30.08%
- 5Y*
- 17.53%
- 10Y*
- 27.22%
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%
DXSLX Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2006, DXSLX's average daily return is +0.12%, while the average monthly return is +2.23%. At this rate, an investment would double in approximately 2.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Dec 2011 with a return of +45.8%, 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 53% of trading days. The best single day was Dec 20, 2011 with a return of +51.9%, 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% | -2.03% | 14.48% | ||||||
| 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 7.71%, beta of 2.20, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since May 03, 2006.
- This fund captured 274.16% of S&P 500 Index gains and 165.44% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 7.71% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.20 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 7.71%
- Beta
- 2.20
- R²
- 0.84
- Upside Capture
- 274.16%
- Downside Capture
- 165.44%
Expense Ratio
DXSLX has a high expense ratio of 1.35%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DXSLX ranks 50 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 | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.78 | -0.19 |
| Martin ratioReturn relative to average drawdown | 11.37 | 12.44 | -1.07 |
Dividends
Dividend History
Direxion Monthly S&P 500 Bull 1.75X Fund provided a 6.66% 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 | $9.50 | $0.00 | $4.35 |
Dividend yield | 6.66% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
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 | $0.89 | ||||||
| 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.
Loading charts...
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 1011 trading sessions.
The current Direxion Monthly S&P 500 Bull 1.75X Fund drawdown is 2.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -91.80%Mar 2009 | 1y 7mo | 4y 6d | 5y 7moJul 2007 - Mar 2013 |
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 | -2.69% | -1.80% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -21.51% | -10.71% | -10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.03% | +1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with DXSLX
Add Direxion Monthly S&P 500 Bull 1.75X Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with DXSLX