DXHYX vs. DXQLX

Last updated Jun 3, 2026

DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) and DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) are both mutual funds - DXHYX is a Leveraged Bonds fund managed by Direxion, while DXQLX is a Leveraged Equities fund managed by Direxion. Over the past 5 years, DXHYX returned 1.92%/yr vs 23.91%/yr for DXQLX. A 0.65 correlation means they provide meaningful diversification when combined. DXHYX charges 1.35%/yr vs 1.39%/yr for DXQLX.

Performance

DXHYX vs. DXQLX - 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 Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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 DXQLX's 35.36% return.

DXHYX

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

DXQLX

• 1D: 0.81%
• 1M: 18.74%
• YTD: 35.36%
• 6M: 31.80%
• 1Y: 71.91%
• 3Y*: 44.83%
• 5Y*: 23.91%
• 10Y*: 35.37%

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

DXHYX vs. DXQLX - 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%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	35.36%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	726.97%

Correlation

The correlation between DXHYX and DXQLX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.65

The correlation between DXHYX and DXQLX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

Return for Risk

DXHYX vs. DXQLX — 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

DXQLX

DXQLX Risk / Return Rank: 67
DXQLX Sharpe Ratio Rank: 82
DXQLX Sortino Ratio Rank: 57
DXQLX Omega Ratio Rank: 56
DXQLX Calmar Ratio Rank: 75
DXQLX Martin Ratio Rank: 64

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. DXQLX - 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 Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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	DXQLX	Difference
Sharpe ratio Return per unit of total volatility	1.30	2.66	-1.36
Sortino ratio Return per unit of downside risk	1.95	3.19	-1.24
Omega ratio Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio Return relative to maximum drawdown	1.92	3.41	-1.49
Martin ratio Return relative to average drawdown	7.96	12.47	-4.52
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. DXQLX - Sharpe Ratio Comparison

The current DXHYX Sharpe Ratio is 1.30, which is lower than the DXQLX Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of DXHYX and DXQLX, 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	DXQLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.66	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.57	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.11	+0.20

Drawdowns

DXHYX vs. DXQLX - Drawdown Comparison

The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum DXQLX drawdown of -96.04%. Use the drawdown chart below to compare losses from any high point for DXHYX and DXQLX.

Drawdown Indicators

	DXHYX	DXQLX	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-96.04%	+69.64%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-21.88%	+18.85%
Max Drawdown (3Y) Largest decline over 3 years	-6.42%	-37.99%	+31.57%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-60.79%	+42.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-87.23%	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-3.70%	-51.61%	+47.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	5.97%	-5.24%

Volatility

DXHYX vs. DXQLX - Volatility Comparison

The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 1.44%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 7.58%. This indicates that DXHYX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXHYX	DXQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	7.58%	-6.14%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	21.24%	-17.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	28.08%	-23.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	42.14%	-33.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.35%	138.65%	-129.30%

DXHYX vs. DXQLX - Expense Ratio Comparison

DXHYX has a 1.35% expense ratio, which is lower than DXQLX's 1.39% expense ratio.

Dividends

DXHYX vs. DXQLX - Dividend Comparison

DXHYX's dividend yield for the trailing twelve months is around 3.58%, less than DXQLX's 10.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	10.93%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%

Frequently Asked Questions

Can I hold both DXHYX and DXQLX in my portfolio?

DXHYX and DXQLX have a correlation of 0.66, 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 DXQLX?

DXQLX has higher volatility (7.58%) compared to DXHYX (1.44%). In terms of maximum drawdown, DXHYX dropped -26.40% vs DXQLX's -96.04%.

Which has better risk-adjusted returns?

DXQLX currently has the higher Sharpe Ratio (2.66 vs 1.30), 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.