BMPIX vs. DXSLX

Last updated Jun 4, 2026

BMPIX (ProFunds Basic Materials UltraSector Fund) and DXSLX (Direxion Monthly S&P 500 Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, BMPIX returned 10.29%/yr vs 27.39%/yr for DXSLX. A 0.77 correlation means they provide meaningful diversification when combined. BMPIX charges 1.89%/yr vs 1.35%/yr for DXSLX.

Performance

BMPIX vs. DXSLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Basic Materials UltraSector Fund (BMPIX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMPIX achieves a 19.15% return, which is significantly higher than DXSLX's 17.64% return. Over the past 10 years, BMPIX has underperformed DXSLX with an annualized return of 10.29%, while DXSLX has yielded a comparatively higher 27.39% annualized return.

BMPIX

• 1D: 1.71%
• 1M: 2.12%
• YTD: 19.15%
• 6M: 23.02%
• 1Y: 24.17%
• 3Y*: 11.58%
• 5Y*: 4.10%
• 10Y*: 10.29%

DXSLX

• 1D: 0.22%
• 1M: 9.76%
• YTD: 17.64%
• 6M: 17.31%
• 1Y: 46.29%
• 3Y*: 33.41%
• 5Y*: 17.87%
• 10Y*: 27.39%

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

BMPIX vs. DXSLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMPIX ProFunds Basic Materials UltraSector Fund	19.15%	9.09%	-5.35%	15.30%	-16.22%	38.93%	18.27%	25.13%	-26.81%	34.96%
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund	17.64%	25.05%	37.66%	39.91%	-37.35%	59.07%	27.52%	61.52%	-14.82%	98.50%

Correlation

The correlation between BMPIX and DXSLX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 4, 2006	0.77

Over the past year, the correlation between BMPIX and DXSLX has dropped to 0.55 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

BMPIX vs. DXSLX — Risk / Return Rank

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

BMPIX

BMPIX Risk / Return Rank: 14
BMPIX Sharpe Ratio Rank: 14
BMPIX Sortino Ratio Rank: 14
BMPIX Omega Ratio Rank: 13
BMPIX Calmar Ratio Rank: 16
BMPIX Martin Ratio Rank: 14

DXSLX

DXSLX Risk / Return Rank: 58
DXSLX Sharpe Ratio Rank: 62
DXSLX Sortino Ratio Rank: 50
DXSLX Omega Ratio Rank: 51
DXSLX Calmar Ratio Rank: 59
DXSLX Martin Ratio Rank: 69

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.

BMPIX vs. DXSLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Basic Materials UltraSector Fund (BMPIX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX). 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.

	BMPIX	DXSLX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.31	-1.27
Sortino ratio: Return per unit of downside risk	1.56	2.97	-1.41
Omega ratio: Gain probability vs. loss probability	1.18	1.40	-0.21
Calmar ratio: Return relative to maximum drawdown	1.42	2.94	-1.52
Martin ratio: Return relative to average drawdown	4.04	13.30	-9.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMPIX vs. DXSLX - Sharpe Ratio Comparison

The current BMPIX Sharpe Ratio is 1.04, which is lower than the DXSLX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of BMPIX and DXSLX, 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

	BMPIX	DXSLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.31	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.57	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.71	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.48	-0.31

Drawdowns

BMPIX vs. DXSLX - Drawdown Comparison

The maximum BMPIX drawdown since its inception was -84.22%, smaller than the maximum DXSLX drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BMPIX and DXSLX.

Drawdown Indicators

	BMPIX	DXSLX	Difference
Max Drawdown Largest peak-to-trough decline	-84.22%	-91.80%	+7.58%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-16.30%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-34.54%	-31.90%	-2.64%
Max Drawdown (5Y) Largest decline over 5 years	-38.50%	-44.67%	+6.17%
Max Drawdown (10Y) Largest decline over 10 years	-61.41%	-61.09%	-0.32%
Current Drawdown Current decline from peak	-6.79%	0.00%	-6.79%
Average Drawdown Average peak-to-trough decline	-24.12%	-21.55%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.45%	3.60%	+2.85%

Volatility

BMPIX vs. DXSLX - Volatility Comparison

ProFunds Basic Materials UltraSector Fund (BMPIX) has a higher volatility of 8.89% compared to Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) at 4.83%. This indicates that BMPIX's price experiences larger fluctuations and is considered to be riskier than DXSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMPIX	DXSLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	4.83%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	19.25%	15.76%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.13%	20.80%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	31.30%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	38.60%	-6.50%

BMPIX vs. DXSLX - Expense Ratio Comparison

BMPIX has a 1.89% expense ratio, which is higher than DXSLX's 1.35% expense ratio.

Dividends

BMPIX vs. DXSLX - Dividend Comparison

BMPIX's dividend yield for the trailing twelve months is around 1.52%, less than DXSLX's 6.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMPIX ProFunds Basic Materials UltraSector Fund	1.52%	1.81%	0.94%	0.96%	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.16%	0.00%
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund	6.48%	7.93%	10.57%	0.00%	0.00%	7.89%	2.42%	4.41%	7.21%	34.95%	0.00%	25.71%

Frequently Asked Questions

Can I hold both BMPIX and DXSLX in my portfolio?

BMPIX and DXSLX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMPIX or DXSLX?

BMPIX has higher volatility (8.89%) compared to DXSLX (4.83%). In terms of maximum drawdown, BMPIX dropped -84.22% vs DXSLX's -91.80%.

Which has better risk-adjusted returns?

DXSLX currently has the higher Sharpe Ratio (2.31 vs 1.04), 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.