^XNDX vs. DXQLX

Last updated Apr 1, 2026

Compare and contrast key facts about NASDAQ 100 Total Return Index (^XNDX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).

DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.

Performance

^XNDX vs. DXQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Total Return Index (^XNDX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). The values are adjusted to include any dividend payments, if applicable.

^XNDX vs. DXQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^XNDX NASDAQ 100 Total Return Index	-5.82%	21.02%	25.88%	55.13%	-32.38%	27.51%	48.88%	39.46%	0.04%	32.99%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	-16.65%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%

Returns By Period

In the year-to-date period, ^XNDX achieves a -5.82% return, which is significantly higher than DXQLX's -16.65% return. Over the past 10 years, ^XNDX has underperformed DXQLX with an annualized return of 19.10%, while DXQLX has yielded a comparatively higher 28.82% annualized return.

^XNDX

• 1D: 3.43%
• 1M: -4.81%
• YTD: -5.82%
• 6M: -3.49%
• 1Y: 23.99%
• 3Y*: 22.61%
• 5Y*: 13.12%
• 10Y*: 19.10%

DXQLX

• 1D: -1.45%
• 1M: -14.31%
• YTD: -16.65%
• 6M: -14.21%
• 1Y: 28.10%
• 3Y*: 30.01%
• 5Y*: 13.83%
• 10Y*: 28.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^XNDX vs. DXQLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^XNDX

^XNDX Risk / Return Rank: 80
^XNDX Sharpe Ratio Rank: 75
^XNDX Sortino Ratio Rank: 82
^XNDX Omega Ratio Rank: 79
^XNDX Calmar Ratio Rank: 81
^XNDX Martin Ratio Rank: 84

DXQLX

DXQLX Risk / Return Rank: 38
DXQLX Sharpe Ratio Rank: 31
DXQLX Sortino Ratio Rank: 45
DXQLX Omega Ratio Rank: 41
DXQLX Calmar Ratio Rank: 38
DXQLX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^XNDX vs. DXQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Total Return Index (^XNDX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^XNDX	DXQLX	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.70	+0.36
Sortino ratio Return per unit of downside risk	1.65	1.31	+0.34
Omega ratio Gain probability vs. loss probability	1.23	1.18	+0.06
Calmar ratio Return relative to maximum drawdown	1.89	0.99	+0.89
Martin ratio Return relative to average drawdown	7.12	3.53	+3.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^XNDX vs. DXQLX - Sharpe Ratio Comparison

The current ^XNDX Sharpe Ratio is 1.06, which is higher than the DXQLX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of ^XNDX and DXQLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^XNDX	DXQLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.70	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.33	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.09	+0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.01	+0.68

Correlation

The correlation between ^XNDX and DXQLX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

^XNDX vs. DXQLX - Drawdown Comparison

The maximum ^XNDX drawdown since its inception was -53.42%, smaller than the maximum DXQLX drawdown of -97.24%. Use the drawdown chart below to compare losses from any high point for ^XNDX and DXQLX.

Drawdown Indicators

	^XNDX	DXQLX	Difference
Max Drawdown Largest peak-to-trough decline	-53.42%	-97.24%	+43.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-22.05%	+9.34%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-60.79%	+25.75%
Max Drawdown (10Y) Largest decline over 10 years	-35.04%	-87.23%	+52.19%
Current Drawdown Current decline from peak	-8.83%	-21.88%	+13.05%
Average Drawdown Average peak-to-trough decline	-7.73%	-66.36%	+58.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	6.20%	-2.83%

Volatility

^XNDX vs. DXQLX - Volatility Comparison

The current volatility for NASDAQ 100 Total Return Index (^XNDX) is 6.57%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 9.63%. This indicates that ^XNDX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^XNDX	DXQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	9.63%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	21.96%	-9.08%
Volatility (1Y) Calculated over the trailing 1-year period	22.74%	40.19%	-17.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.62%	42.24%	-19.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	316.44%	-293.96%