DRCVX vs. DXHYX

Last updated Jun 4, 2026

DRCVX (Comstock Capital Value Fund) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - DRCVX is a Inverse Equities fund managed by Gabelli, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, DRCVX returned 5.14%/yr vs 1.97%/yr for DXHYX. At a 0.01 correlation, their price movements are largely independent. DRCVX charges 0.00%/yr vs 1.35%/yr for DXHYX.

Performance

DRCVX vs. DXHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Comstock Capital Value Fund (DRCVX) and Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRCVX achieves a 3.17% return, which is significantly higher than DXHYX's 0.65% return.

DRCVX

• 1D: 0.00%
• 1M: 0.44%
• YTD: 3.17%
• 6M: 3.32%
• 1Y: 9.66%
• 3Y*: 8.04%
• 5Y*: 5.14%
• 10Y*: -4.13%

DXHYX

• 1D: 0.06%
• 1M: 0.51%
• YTD: 0.65%
• 6M: 0.94%
• 1Y: 5.51%
• 3Y*: 6.95%
• 5Y*: 1.97%
• 10Y*: —

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

DRCVX vs. DXHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRCVX Comstock Capital Value Fund	3.17%	11.55%	2.02%	6.55%	4.13%	-2.16%	-5.36%	-25.76%	7.76%	-19.80%
DXHYX Direxion Monthly High Yield Bull 1.2X Fund	0.65%	6.56%	6.47%	10.88%	-13.99%	3.00%	2.26%	12.61%	-3.82%	5.22%

Correlation

The correlation between DRCVX and DXHYX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.01

Over the past year, DRCVX and DXHYX have become more correlated (0.45) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

DRCVX vs. DXHYX — Risk / Return Rank

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

DRCVX

DRCVX Risk / Return Rank: 97
DRCVX Sharpe Ratio Rank: 95
DRCVX Sortino Ratio Rank: 97
DRCVX Omega Ratio Rank: 96
DRCVX Calmar Ratio Rank: 99
DRCVX Martin Ratio Rank: 99

DXHYX

DXHYX Risk / Return Rank: 25
DXHYX Sharpe Ratio Rank: 21
DXHYX Sortino Ratio Rank: 22
DXHYX Omega Ratio Rank: 22
DXHYX Calmar Ratio Rank: 27
DXHYX Martin Ratio Rank: 35

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.

DRCVX vs. DXHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Comstock Capital Value Fund (DRCVX) and Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). 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.

	DRCVX	DXHYX	Difference
Sharpe ratio: Return per unit of total volatility	3.41	1.32	+2.10
Sortino ratio: Return per unit of downside risk	5.63	1.97	+3.66
Omega ratio: Gain probability vs. loss probability	1.84	1.24	+0.60
Calmar ratio: Return relative to maximum drawdown	11.47	1.91	+9.56
Martin ratio: Return relative to average drawdown	41.31	7.89	+33.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRCVX vs. DXHYX - Sharpe Ratio Comparison

The current DRCVX Sharpe Ratio is 3.41, which is higher than the DXHYX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of DRCVX and DXHYX, 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

	DRCVX	DXHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	1.32	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.23	+0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.31	-0.32

Drawdowns

DRCVX vs. DXHYX - Drawdown Comparison

The maximum DRCVX drawdown since its inception was -97.47%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for DRCVX and DXHYX.

Drawdown Indicators

	DRCVX	DXHYX	Difference
Max Drawdown Largest peak-to-trough decline	-97.47%	-26.40%	-71.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.89%	-3.03%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-6.42%	+2.60%
Max Drawdown (5Y) Largest decline over 5 years	-4.08%	-18.67%	+14.59%
Max Drawdown (10Y) Largest decline over 10 years	-54.27%	—	—
Current Drawdown Current decline from peak	-96.61%	-0.17%	-96.44%
Average Drawdown Average peak-to-trough decline	-65.89%	-3.70%	-62.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.73%	-0.48%

Volatility

DRCVX vs. DXHYX - Volatility Comparison

The current volatility for Comstock Capital Value Fund (DRCVX) is 0.63%, while Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) has a volatility of 1.43%. This indicates that DRCVX experiences smaller price fluctuations and is considered to be less risky than DXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRCVX	DXHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	1.43%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	3.40%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	4.39%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.56%	8.47%	-3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	9.34%	+0.46%

DRCVX vs. DXHYX - Expense Ratio Comparison

DRCVX has a 0.00% expense ratio, which is lower than DXHYX's 1.35% expense ratio.

Dividends

DRCVX vs. DXHYX - Dividend Comparison

DRCVX's dividend yield for the trailing twelve months is around 1.90%, less than DXHYX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRCVX Comstock Capital Value Fund	1.90%	1.96%	0.00%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXHYX Direxion Monthly High Yield Bull 1.2X Fund	3.58%	4.32%	4.75%	6.08%	12.11%	2.06%	6.32%	9.95%	4.99%	3.57%

Frequently Asked Questions

Can I hold both DRCVX and DXHYX in my portfolio?

DRCVX and DXHYX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRCVX or DXHYX?

DXHYX has higher volatility (1.43%) compared to DRCVX (0.63%). In terms of maximum drawdown, DRCVX dropped -97.47% vs DXHYX's -26.40%.

Which has better risk-adjusted returns?

DRCVX currently has the higher Sharpe Ratio (3.41 vs 1.32), 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.