AFBIX vs. DXKSX

Last updated Aug 1, 2026

AFBIX (Access Flex Bear High Yield ProFund) and DXKSX (Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund) are both Inverse Bonds funds. Over the past 10 years, AFBIX returned -4.10%/yr vs 3.40%/yr for DXKSX. Their 0.13 correlation means their historical movements had little consistent relationship. AFBIX charges 1.78%/yr vs 1.35%/yr for DXKSX.

Performance

AFBIX vs. DXKSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Access Flex Bear High Yield ProFund (AFBIX) and Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFBIX achieves a -0.91% return, which is significantly lower than DXKSX's 7.48% return. Over the past 10 years, AFBIX has underperformed DXKSX with an annualized return of -4.10%, while DXKSX has yielded a comparatively higher 3.40% annualized return.

AFBIX

• 1D: -0.29%
• 1M: 0.37%
• 6M: -0.44%
• YTD: -0.91%
• 1Y: -2.99%
• 3Y*: -4.33%
• 5Y*: -1.89%
• 10Y*: -4.10%
• ALL TIME*: -7.67%

DXKSX

• 1D: 0.00%
• 1M: 2.61%
• 6M: 6.20%
• YTD: 7.48%
• 1Y: 8.14%
• 3Y*: 5.43%
• 5Y*: 11.00%
• 10Y*: 3.40%
• ALL TIME*: -5.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFBIX Access Flex Bear High Yield ProFund	$0.00	$0.00	$0.00
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	$0.00	$0.00	$0.00

AFBIX vs. DXKSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFBIX Access Flex Bear High Yield ProFund	-0.91%	-5.24%	-3.07%	-6.30%	8.01%	-4.55%	-6.63%	-12.62%	-0.42%	-4.51%
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	7.48%	-3.26%	12.62%	3.03%	35.65%	4.73%	-13.02%	-11.52%	0.00%	-5.45%

Correlation

The correlation between AFBIX and DXKSX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (10Y) Provides a long-term view across more market conditions.	0.34
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.13

Over the past year, AFBIX and DXKSX have become more correlated (0.50) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

AFBIX vs. DXKSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFBIX

AFBIX Risk / Return Rank: 0
AFBIX Sharpe Ratio Rank: 1
AFBIX Sortino Ratio Rank: 1
AFBIX Omega Ratio Rank: 1
AFBIX Calmar Ratio Rank: 0
AFBIX Martin Ratio Rank: 0

DXKSX

DXKSX Risk / Return Rank: 21
DXKSX Sharpe Ratio Rank: 19
DXKSX Sortino Ratio Rank: 19
DXKSX Omega Ratio Rank: 18
DXKSX Calmar Ratio Rank: 30
DXKSX Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFBIX vs. DXKSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Access Flex Bear High Yield ProFund (AFBIX) and Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX). 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.

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.

	AFBIX	DXKSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	0.74	-1.53
Sortino ratio: Return per unit of downside risk	-1.05	1.10	-2.15
Omega ratio: Gain probability vs. loss probability	0.88	1.13	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.85	1.37	-2.22
Martin ratio: Return relative to average drawdown	-1.42	2.87	-4.29

AFBIX vs. DXKSX - Sharpe Ratio Comparison

The current AFBIX Sharpe Ratio is -0.79, which is lower than the DXKSX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of AFBIX and DXKSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFBIX vs. DXKSX - Drawdown Comparison

The maximum AFBIX drawdown since its inception was -82.12%, roughly equal to the maximum DXKSX drawdown of -85.78%. Use the drawdown chart below to compare losses from any high point for AFBIX and DXKSX.

Drawdown Indicators

	AFBIX	DXKSX	Difference
Max Drawdown Largest peak-to-trough decline	-82.12%	-85.78%	+3.66%
Max Drawdown (1Y) Largest decline over 1 year	-3.56%	-4.15%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-14.02%	-3.78%
Max Drawdown (5Y) Largest decline over 5 years	-21.74%	-14.02%	-7.72%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-36.52%	+1.93%
Current Drawdown Current decline from peak	-82.01%	-73.08%	-8.93%
Average Drawdown Average peak-to-trough decline	-57.96%	-61.38%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.12%	+0.05%

Volatility

AFBIX vs. DXKSX - Volatility Comparison

The current volatility for Access Flex Bear High Yield ProFund (AFBIX) is 0.83%, while Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) has a volatility of 1.69%. This indicates that AFBIX experiences smaller price fluctuations and is considered to be less risky than DXKSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFBIX	DXKSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.69%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	3.18%	6.17%	-2.99%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	8.07%	-4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.29%	13.78%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	12.49%	-4.60%

AFBIX vs. DXKSX - Expense Ratio Comparison

AFBIX has a 1.78% expense ratio, which is higher than DXKSX's 1.35% expense ratio.

Dividends

AFBIX vs. DXKSX - Dividend Comparison

AFBIX has not paid dividends to shareholders, while DXKSX's dividend yield for the trailing twelve months is around 11.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFBIX Access Flex Bear High Yield ProFund	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	11.41%	0.00%	9.44%	8.98%	0.00%	0.00%	6.10%	1.26%

Frequently Asked Questions

Can I hold both AFBIX and DXKSX in my portfolio?

AFBIX and DXKSX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFBIX or DXKSX?

DXKSX has higher volatility (1.69%) compared to AFBIX (0.83%). In terms of maximum drawdown, AFBIX dropped -82.12% vs DXKSX's -85.78%.

Which has better risk-adjusted returns?

DXKSX currently has the higher Sharpe Ratio (0.74 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.