DXHYX vs. AFBIX
DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) and AFBIX (Access Flex Bear High Yield ProFund) are both mutual funds - DXHYX is a Leveraged Bonds fund managed by Direxion, while AFBIX is a Inverse Bonds fund managed by ProFunds. Over the past 5 years, DXHYX returned 1.62%/yr vs -1.89%/yr for AFBIX. Their -0.85 correlation means they have often moved in opposite directions in the past. DXHYX charges 1.35%/yr vs 1.78%/yr for AFBIX.
Performance
DXHYX vs. AFBIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXHYX achieves a -0.25% return, which is significantly higher than AFBIX's -0.91% return.
DXHYX
- 1D
- 0.00%
- 1M
- -0.89%
- 6M
- -0.68%
- YTD
- -0.25%
- 1Y
- 2.78%
- 3Y*
- 6.02%
- 5Y*
- 1.62%
- 10Y*
- —
- ALL TIME*
- 2.74%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DXHYX vs. AFBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | -0.25% | 6.56% | 6.47% | 10.88% | -13.99% | 3.00% | 2.26% | 12.61% | -3.82% | 5.22% |
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% |
Correlation
The correlation between DXHYX and AFBIX is -0.95, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.95 |
Correlation (3Y) Balances recent behavior with more history. | -0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.85 |
The correlation between DXHYX and AFBIX shifts across timeframes, from -0.95 (1 year) to -0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXHYX vs. AFBIX — Risk / Return Rank
DXHYX
AFBIX
DXHYX vs. AFBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) and Access Flex Bear High Yield ProFund (AFBIX). 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.
| DXHYX | AFBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.88 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | -0.85 | +1.80 |
| Martin ratioReturn relative to average drawdown | 3.77 | -1.42 | +5.19 |
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Drawdowns
DXHYX vs. AFBIX - Drawdown Comparison
The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum AFBIX drawdown of -82.12%. Use the drawdown chart below to compare losses from any high point for DXHYX and AFBIX.
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Drawdown Indicators
| DXHYX | AFBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -82.12% | +55.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.56% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -17.80% | +11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -21.74% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.59% | — |
Current DrawdownCurrent decline from peak | -1.12% | -82.01% | +80.89% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -57.96% | +54.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.17% | -1.41% |
Volatility
DXHYX vs. AFBIX - Volatility Comparison
The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 0.68%, while Access Flex Bear High Yield ProFund (AFBIX) has a volatility of 0.83%. This indicates that DXHYX experiences smaller price fluctuations and is considered to be less risky than AFBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXHYX | AFBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.83% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 3.18% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 3.88% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 7.29% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 7.89% | +1.38% |
DXHYX vs. AFBIX - Expense Ratio Comparison
DXHYX has a 1.35% expense ratio, which is lower than AFBIX's 1.78% expense ratio.
Dividends
DXHYX vs. AFBIX - Dividend Comparison
DXHYX's dividend yield for the trailing twelve months is around 3.67%, while AFBIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.67% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
Frequently Asked Questions
DXHYX and AFBIX have a correlation of -0.95, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFBIX has higher volatility (0.83%) compared to DXHYX (0.68%). In terms of maximum drawdown, DXHYX dropped -26.40% vs AFBIX's -82.12%.
DXHYX currently has the higher Sharpe Ratio (0.66 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.
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