Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX)
The fund allocates at least 80% of its net assets (including borrowing for investment purposes) to securities of the S&P 500® Index, ETFs tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs.
Fund Info
| ISIN | US2549397055 |
|---|---|
| CUSIP | 254939705 |
| Issuer | Direxion |
| Inception Date | May 1, 2006 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $25,000 |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
DXSLX has a high expense ratio of 1.35%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Monthly S&P 500 Bull 1.75X 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 S&P 500 Bull 1.75X Fund had a return of 41.23% year-to-date (YTD) and 55.21% in the last 12 months. Over the past 10 years, Direxion Monthly S&P 500 Bull 1.75X Fund had an annualized return of 15.22%, outperforming the S&P 500 benchmark which had an annualized return of 11.31%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 41.23% | 24.72% |
| 1 month | 3.57% | 2.30% |
| 6 months | 19.85% | 12.31% |
| 1 year | 55.21% | 32.12% |
| 5 years (annualized) | 19.58% | 13.81% |
| 10 years (annualized) | 15.22% | 11.31% |
Monthly Returns
The table below presents the monthly returns of DXSLX, 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 | 2.34% | 8.77% | 5.14% | -7.62% | 8.19% | 5.74% | 1.54% | 3.67% | 3.22% | -2.12% | 41.23% | ||
| 2023 | 10.52% | -4.71% | 5.94% | 2.27% | 0.27% | 11.06% | 5.13% | -3.33% | -8.78% | -4.25% | 15.46% | 7.43% | 39.91% |
| 2022 | -10.58% | -6.19% | 7.17% | -17.70% | 0.16% | -16.80% | 18.09% | -7.48% | -16.43% | 13.75% | 9.33% | -10.50% | -37.35% |
| 2021 | -2.28% | 5.30% | 8.52% | 10.42% | 1.18% | 4.44% | 4.53% | 5.86% | -9.50% | 13.77% | -1.60% | 0.61% | 46.98% |
| 2020 | -0.36% | -16.81% | -25.02% | 25.29% | 9.32% | 3.77% | 11.07% | 14.14% | -7.79% | -5.50% | 21.66% | 5.51% | 25.24% |
| 2019 | 15.48% | 6.01% | 3.45% | 7.65% | -17.62% | 13.66% | 2.45% | -3.62% | 3.41% | 3.97% | 6.93% | 5.65% | 53.11% |
| 2018 | 11.08% | -7.69% | -5.47% | 0.37% | 4.39% | 0.87% | 7.04% | 6.14% | 0.76% | -14.05% | 3.65% | -23.34% | -19.93% |
| 2017 | 3.54% | 7.70% | -0.05% | 1.78% | 2.53% | 0.97% | 3.79% | 0.26% | 3.82% | 4.34% | 5.81% | -4.88% | 33.22% |
| 2016 | -10.21% | -0.53% | 13.29% | 0.57% | 3.38% | 0.30% | 7.15% | 0.06% | -0.18% | -3.87% | 7.18% | 3.71% | 20.68% |
| 2015 | -6.18% | 11.30% | -3.37% | 1.70% | 2.37% | -4.06% | 3.97% | -12.28% | -5.16% | 16.66% | 0.40% | -8.14% | -6.20% |
| 2014 | -7.06% | 9.00% | 1.52% | 1.33% | 4.54% | 3.98% | -2.92% | 7.85% | -2.97% | 4.71% | 5.23% | -4.88% | 20.60% |
| 2013 | 10.13% | 2.51% | 7.29% | 3.64% | 4.45% | -2.91% | 9.94% | -6.00% | 6.09% | 9.04% | 5.92% | -0.69% | 60.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DXSLX is 70, 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 S&P 500 Bull 1.75X Fund (DXSLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Monthly S&P 500 Bull 1.75X Fund provided a 0.46% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 |
Dividend yield | 0.46% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | |
| 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 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 |
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 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 89.55%, occurring on Mar 9, 2009. Recovery took 1953 trading sessions.
The current Direxion Monthly S&P 500 Bull 1.75X Fund drawdown is 1.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.55% | Jul 20, 2007 | 411 | Mar 9, 2009 | 1953 | Dec 8, 2016 | 2364 |
| -61.09% | Feb 20, 2020 | 23 | Mar 23, 2020 | 109 | Aug 26, 2020 | 132 |
| -46.86% | Nov 19, 2021 | 225 | Oct 12, 2022 | 417 | Jun 11, 2024 | 642 |
| -41.86% | Sep 21, 2018 | 65 | Dec 24, 2018 | 246 | Dec 16, 2019 | 311 |
| -19.84% | Jan 29, 2018 | 9 | Feb 8, 2018 | 138 | Aug 27, 2018 | 147 |
Volatility
Volatility Chart
The current Direxion Monthly S&P 500 Bull 1.75X Fund volatility is 6.58%, 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.