DXHYX vs. ENPIX
DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both mutual funds - DXHYX is a Leveraged Bonds fund managed by Direxion, while ENPIX is a Leveraged Equities fund managed by ProFunds. Over the past 5 years, DXHYX returned 1.62%/yr vs 28.19%/yr for ENPIX. Their 0.35 correlation means their historical movements had little consistent relationship. DXHYX charges 1.35%/yr vs 1.51%/yr for ENPIX.
Performance
DXHYX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXHYX achieves a -0.25% return, which is significantly lower than ENPIX's 48.84% 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%
ENPIX
- 1D
- 0.83%
- 1M
- 15.87%
- 6M
- 22.86%
- YTD
- 48.84%
- 1Y
- 59.39%
- 3Y*
- 14.50%
- 5Y*
- 28.19%
- 10Y*
- 7.88%
- ALL TIME*
- 5.22%
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. ENPIX - 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% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 48.84% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between DXHYX and ENPIX is -0.14, 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. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.35 |
The correlation between DXHYX and ENPIX shifts across timeframes, from -0.14 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXHYX vs. ENPIX — Risk / Return Rank
DXHYX
ENPIX
DXHYX vs. ENPIX - 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 UltraSector Oil & Gas Fund (ENPIX). 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 | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.35 | -1.41 |
| Martin ratioReturn relative to average drawdown | 3.77 | 6.10 | -2.33 |
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Drawdowns
DXHYX vs. ENPIX - Drawdown Comparison
The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum ENPIX drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for DXHYX and ENPIX.
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Drawdown Indicators
| DXHYX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -90.12% | +63.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -23.01% | +19.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -32.27% | +25.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -36.48% | +17.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.54% | — |
Current DrawdownCurrent decline from peak | -1.12% | -9.70% | +8.58% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -36.77% | +33.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 8.88% | -8.12% |
Volatility
DXHYX vs. ENPIX - Volatility Comparison
The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 0.68%, while ProFunds UltraSector Oil & Gas Fund (ENPIX) has a volatility of 9.02%. This indicates that DXHYX experiences smaller price fluctuations and is considered to be less risky than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXHYX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 9.02% | -8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 25.12% | -21.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 31.65% | -27.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 38.45% | -29.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 44.70% | -35.43% |
DXHYX vs. ENPIX - Expense Ratio Comparison
DXHYX has a 1.35% expense ratio, which is lower than ENPIX's 1.51% expense ratio.
Dividends
DXHYX vs. ENPIX - Dividend Comparison
DXHYX's dividend yield for the trailing twelve months is around 3.67%, more than ENPIX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.86% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
Frequently Asked Questions
DXHYX and ENPIX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPIX has higher volatility (9.02%) compared to DXHYX (0.68%). In terms of maximum drawdown, DXHYX dropped -26.40% vs ENPIX's -90.12%.
ENPIX currently has the higher Sharpe Ratio (1.71 vs 0.66), 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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