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DXHYX vs. SOPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

DXHYX vs. SOPIX - 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 Short NASDAQ-100 Fund (SOPIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXHYX achieves a 0.59% return, which is significantly higher than SOPIX's -16.58% return.


DXHYX

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

SOPIX

1D
-0.56%
1M
-8.98%
YTD
-16.58%
6M
-15.30%
1Y
-27.28%
3Y*
-21.80%
5Y*
-16.77%
10Y*
-20.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXHYX vs. SOPIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
SOPIX
ProFunds Short NASDAQ-100 Fund
-16.58%-15.80%-23.82%-31.85%34.73%-25.69%-42.92%-28.29%-3.07%-24.56%

Correlation

The correlation between DXHYX and SOPIX is -0.66, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.66

Correlation (3Y)
Calculated over the trailing 3-year period

-0.58

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 SOPIX has been stable across timeframes, ranging from -0.66 to -0.58 - a consistent structural relationship.

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Return for Risk

DXHYX vs. SOPIX — Risk / Return Rank

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

DXHYX
DXHYX Risk / Return Rank: 2424
Overall Rank
DXHYX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
DXHYX Sortino Ratio Rank: 2121
Sortino Ratio Rank
DXHYX Omega Ratio Rank: 2121
Omega Ratio Rank
DXHYX Calmar Ratio Rank: 2525
Calmar Ratio Rank
DXHYX Martin Ratio Rank: 3535
Martin Ratio Rank

SOPIX
SOPIX Risk / Return Rank: 00
Overall Rank
SOPIX Sharpe Ratio Rank: 00
Sharpe Ratio Rank
SOPIX Sortino Ratio Rank: 00
Sortino Ratio Rank
SOPIX Omega Ratio Rank: 00
Omega Ratio Rank
SOPIX Calmar Ratio Rank: 00
Calmar Ratio Rank
SOPIX Martin Ratio Rank: 00
Martin Ratio Rank
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. SOPIX - 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 Short NASDAQ-100 Fund (SOPIX). 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.


DXHYXSOPIXDifference

Sharpe ratio

Return per unit of total volatility

1.30

-1.74

+3.04

Sortino ratio

Return per unit of downside risk

1.95

-2.61

+4.56

Omega ratio

Gain probability vs. loss probability

1.24

0.73

+0.51

Calmar ratio

Return relative to maximum drawdown

1.92

-1.00

+2.92

Martin ratio

Return relative to average drawdown

7.96

-2.10

+10.06

DXHYX vs. SOPIX - Sharpe Ratio Comparison

The current DXHYX Sharpe Ratio is 1.30, which is higher than the SOPIX Sharpe Ratio of -1.74. The chart below compares the historical Sharpe Ratios of DXHYX and SOPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


DXHYXSOPIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.30

-1.74

+3.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

-0.72

+0.95

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.92

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

-0.81

+1.12

Drawdowns

DXHYX vs. SOPIX - Drawdown Comparison

The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum SOPIX drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for DXHYX and SOPIX.


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Drawdown Indicators


DXHYXSOPIXDifference

Max Drawdown

Largest peak-to-trough decline

-26.40%

-99.06%

+72.66%

Max Drawdown (1Y)

Largest decline over 1 year

-3.03%

-27.12%

+24.09%

Max Drawdown (3Y)

Largest decline over 3 years

-6.42%

-54.67%

+48.25%

Max Drawdown (5Y)

Largest decline over 5 years

-18.67%

-64.84%

+46.17%

Max Drawdown (10Y)

Largest decline over 10 years

-90.82%

Current Drawdown

Current decline from peak

-0.22%

-99.06%

+98.84%

Average Drawdown

Average peak-to-trough decline

-3.70%

-76.13%

+72.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.73%

13.18%

-12.45%

Volatility

DXHYX vs. SOPIX - Volatility Comparison

The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 1.44%, while ProFunds Short NASDAQ-100 Fund (SOPIX) has a volatility of 4.55%. This indicates that DXHYX experiences smaller price fluctuations and is considered to be less risky than SOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DXHYXSOPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.44%

4.55%

-3.11%

Volatility (6M)

Calculated over the trailing 6-month period

3.40%

12.18%

-8.78%

Volatility (1Y)

Calculated over the trailing 1-year period

4.39%

16.04%

-11.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.47%

23.38%

-14.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.35%

22.49%

-13.14%

DXHYX vs. SOPIX - Expense Ratio Comparison

DXHYX has a 1.35% expense ratio, which is lower than SOPIX's 1.78% expense ratio.


Dividends

DXHYX vs. SOPIX - Dividend Comparison

DXHYX's dividend yield for the trailing twelve months is around 3.58%, more than SOPIX's 2.57% yield.


PositionTTM202520242023202220212020201920182017
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%
SOPIX
ProFunds Short NASDAQ-100 Fund
2.57%2.14%0.00%6.71%0.00%0.00%0.00%0.29%0.00%0.00%

Frequently Asked Questions


DXHYX and SOPIX 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.

SOPIX has higher volatility (4.55%) compared to DXHYX (1.44%). In terms of maximum drawdown, DXHYX dropped -26.40% vs SOPIX's -99.06%.

DXHYX currently has the higher Sharpe Ratio (1.30 vs -1.74), 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.

Portfolio Optimizer

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