BLPIX vs. DXNLX

Last updated Jun 5, 2026

BLPIX (ProFunds Bull Investor Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds. Over the past 5 years, BLPIX returned 10.76%/yr vs 18.84%/yr for DXNLX. Their correlation of 0.90 suggests significant overlap in exposure. BLPIX charges 1.50%/yr vs 1.19%/yr for DXNLX.

Performance

BLPIX vs. DXNLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Bull Investor Fund (BLPIX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLPIX achieves a 10.07% return, which is significantly lower than DXNLX's 25.01% return.

BLPIX

• 1D: -0.74%
• 1M: 4.04%
• YTD: 10.07%
• 6M: 9.85%
• 1Y: 25.76%
• 3Y*: 19.22%
• 5Y*: 10.76%
• 10Y*: 12.89%

DXNLX

• 1D: -0.37%
• 1M: 11.20%
• YTD: 25.01%
• 6M: 22.75%
• 1Y: 48.59%
• 3Y*: 32.36%
• 5Y*: 18.84%
• 10Y*: —

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

BLPIX vs. DXNLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLPIX ProFunds Bull Investor Fund	10.07%	15.01%	20.24%	24.13%	-19.81%	23.73%	16.04%	28.97%	-6.09%	18.55%
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	25.01%	22.13%	28.56%	66.63%	-40.88%	32.49%	58.90%	46.34%	-3.37%	37.37%

Correlation

The correlation between BLPIX and DXNLX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.90

The correlation between BLPIX and DXNLX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

BLPIX vs. DXNLX — Risk / Return Rank

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

BLPIX

BLPIX Risk / Return Rank: 56
BLPIX Sharpe Ratio Rank: 54
BLPIX Sortino Ratio Rank: 51
BLPIX Omega Ratio Rank: 52
BLPIX Calmar Ratio Rank: 54
BLPIX Martin Ratio Rank: 67

DXNLX

DXNLX Risk / Return Rank: 61
DXNLX Sharpe Ratio Rank: 71
DXNLX Sortino Ratio Rank: 56
DXNLX Omega Ratio Rank: 56
DXNLX Calmar Ratio Rank: 65
DXNLX Martin Ratio Rank: 57

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.

BLPIX vs. DXNLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Bull Investor Fund (BLPIX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). 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.

	BLPIX	DXNLX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.46	-0.28
Sortino ratio: Return per unit of downside risk	2.99	3.15	-0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	2.81	3.10	-0.29
Martin ratio: Return relative to average drawdown	12.92	11.43	+1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLPIX vs. DXNLX - Sharpe Ratio Comparison

The current BLPIX Sharpe Ratio is 2.18, which is comparable to the DXNLX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of BLPIX and DXNLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BLPIX	DXNLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.46	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.67	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.85	-0.50

Drawdowns

BLPIX vs. DXNLX - Drawdown Comparison

The maximum BLPIX drawdown since its inception was -57.98%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for BLPIX and DXNLX.

Drawdown Indicators

	BLPIX	DXNLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.98%	-43.77%	-14.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-15.91%	+6.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-28.35%	+9.37%
Max Drawdown (5Y) Largest decline over 5 years	-26.11%	-43.77%	+17.66%
Max Drawdown (10Y) Largest decline over 10 years	-33.93%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.37%	-0.37%
Average Drawdown Average peak-to-trough decline	-13.87%	-8.70%	-5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	4.31%	-2.31%

Volatility

BLPIX vs. DXNLX - Volatility Comparison

The current volatility for ProFunds Bull Investor Fund (BLPIX) is 2.93%, while Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a volatility of 5.56%. This indicates that BLPIX experiences smaller price fluctuations and is considered to be less risky than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLPIX	DXNLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	5.56%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	15.17%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	20.04%	-8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	28.24%	-11.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	28.84%	-11.10%

BLPIX vs. DXNLX - Expense Ratio Comparison

BLPIX has a 1.50% expense ratio, which is higher than DXNLX's 1.19% expense ratio.

Dividends

BLPIX vs. DXNLX - Dividend Comparison

BLPIX's dividend yield for the trailing twelve months is around 1.43%, more than DXNLX's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLPIX ProFunds Bull Investor Fund	1.43%	1.58%	0.00%	0.03%	0.98%	6.68%	5.79%	1.64%	0.62%	0.00%
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	0.80%	2.31%	0.17%	0.00%	0.00%	7.43%	12.20%	0.00%	8.79%	7.52%

Frequently Asked Questions

Can I hold both BLPIX and DXNLX in my portfolio?

With a correlation of 0.94, BLPIX and DXNLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BLPIX or DXNLX?

DXNLX has higher volatility (5.56%) compared to BLPIX (2.93%). In terms of maximum drawdown, BLPIX dropped -57.98% vs DXNLX's -43.77%.

Which has better risk-adjusted returns?

DXNLX currently has the higher Sharpe Ratio (2.46 vs 2.18), 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.