DXHYX vs. BMPIX

Last updated Jun 3, 2026

DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) and BMPIX (ProFunds Basic Materials UltraSector Fund) are both mutual funds - DXHYX is a Leveraged Bonds fund managed by Direxion, while BMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 5 years, DXHYX returned 1.92%/yr vs 3.66%/yr for BMPIX. A 0.58 correlation means they provide meaningful diversification when combined. DXHYX charges 1.35%/yr vs 1.89%/yr for BMPIX.

Performance

DXHYX vs. BMPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, DXHYX achieves a 0.59% return, which is significantly lower than BMPIX's 17.14% return.

DXHYX

• 1D: -0.11%
• 1M: 0.11%
• YTD: 0.59%
• 6M: 1.05%
• 1Y: 5.69%
• 3Y*: 6.93%
• 5Y*: 1.92%
• 10Y*: —

BMPIX

• 1D: -0.79%
• 1M: -1.76%
• YTD: 17.14%
• 6M: 22.20%
• 1Y: 23.87%
• 3Y*: 10.95%
• 5Y*: 3.66%
• 10Y*: 10.10%

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

DXHYX vs. BMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXHYX Direxion Monthly High Yield Bull 1.2X Fund	0.59%	6.56%	6.47%	10.88%	-13.99%	3.00%	2.26%	12.61%	-3.82%	5.22%
BMPIX ProFunds Basic Materials UltraSector Fund	17.14%	9.09%	-5.35%	15.30%	-16.22%	38.93%	18.27%	25.13%	-26.81%	33.63%

Correlation

The correlation between DXHYX and BMPIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.58

The correlation between DXHYX and BMPIX shifts across timeframes, from 0.47 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DXHYX vs. BMPIX — Risk / Return Rank

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

DXHYX

DXHYX Risk / Return Rank: 24
DXHYX Sharpe Ratio Rank: 20
DXHYX Sortino Ratio Rank: 21
DXHYX Omega Ratio Rank: 21
DXHYX Calmar Ratio Rank: 25
DXHYX Martin Ratio Rank: 35

BMPIX

BMPIX Risk / Return Rank: 13
BMPIX Sharpe Ratio Rank: 13
BMPIX Sortino Ratio Rank: 13
BMPIX Omega Ratio Rank: 12
BMPIX Calmar Ratio Rank: 15
BMPIX Martin Ratio Rank: 13

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.

DXHYX vs. BMPIX - 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 ProFunds Basic Materials UltraSector Fund (BMPIX). 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.

	DXHYX	BMPIX	Difference
Sharpe ratio Return per unit of total volatility	1.30	0.99	+0.31
Sortino ratio Return per unit of downside risk	1.95	1.51	+0.44
Omega ratio Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio Return relative to maximum drawdown	1.92	1.36	+0.56
Martin ratio Return relative to average drawdown	7.96	3.87	+4.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXHYX vs. BMPIX - Sharpe Ratio Comparison

The current DXHYX Sharpe Ratio is 1.30, which is higher than the BMPIX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of DXHYX and BMPIX, 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

	DXHYX	BMPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.99	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.12	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.17	+0.14

Drawdowns

DXHYX vs. BMPIX - Drawdown Comparison

The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum BMPIX drawdown of -84.22%. Use the drawdown chart below to compare losses from any high point for DXHYX and BMPIX.

Drawdown Indicators

	DXHYX	BMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-84.22%	+57.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-18.38%	+15.35%
Max Drawdown (3Y) Largest decline over 3 years	-6.42%	-34.54%	+28.12%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-38.50%	+19.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.41%	—
Current Drawdown Current decline from peak	-0.22%	-8.36%	+8.14%
Average Drawdown Average peak-to-trough decline	-3.70%	-24.12%	+20.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	6.44%	-5.71%

Volatility

DXHYX vs. BMPIX - Volatility Comparison

The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 1.44%, while ProFunds Basic Materials UltraSector Fund (BMPIX) has a volatility of 8.72%. This indicates that DXHYX experiences smaller price fluctuations and is considered to be less risky than BMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXHYX	BMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	8.72%	-7.28%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	19.20%	-15.80%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	25.13%	-20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	29.55%	-21.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.35%	32.10%	-22.75%

DXHYX vs. BMPIX - Expense Ratio Comparison

DXHYX has a 1.35% expense ratio, which is lower than BMPIX's 1.89% expense ratio.

Dividends

DXHYX vs. BMPIX - Dividend Comparison

DXHYX's dividend yield for the trailing twelve months is around 3.58%, more than BMPIX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BMPIX ProFunds Basic Materials UltraSector Fund	1.55%	1.81%	0.94%	0.96%	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.16%
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%	0.00%

Frequently Asked Questions

Can I hold both DXHYX and BMPIX in my portfolio?

DXHYX and BMPIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXHYX or BMPIX?

BMPIX has higher volatility (8.72%) compared to DXHYX (1.44%). In terms of maximum drawdown, DXHYX dropped -26.40% vs BMPIX's -84.22%.

Which has better risk-adjusted returns?

DXHYX currently has the higher Sharpe Ratio (1.30 vs 0.99), 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.