DXHYX vs. SOPIX
DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) and SOPIX (ProFunds Short NASDAQ-100 Fund) are both mutual funds - DXHYX is a Leveraged Bonds fund managed by Direxion, while SOPIX is a Inverse Equities fund managed by ProFunds. Over the past 5 years, DXHYX returned 1.62%/yr vs -14.13%/yr for SOPIX. Their -0.64 correlation means they have often moved in opposite directions in the past. DXHYX charges 1.35%/yr vs 1.78%/yr for SOPIX.
Performance
DXHYX vs. SOPIX - 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 SOPIX's -10.40% return.
DXHYX
- 1D
- 0.00%
- 1M
- -0.89%
- 6M
- -0.73%
- YTD
- -0.25%
- 1Y
- 2.78%
- 3Y*
- 6.23%
- 5Y*
- 1.62%
- 10Y*
- —
- ALL TIME*
- 2.74%
SOPIX
- 1D
- -0.59%
- 1M
- 3.70%
- 6M
- -8.99%
- YTD
- -10.40%
- 1Y
- -18.00%
- 3Y*
- -18.16%
- 5Y*
- -14.13%
- 10Y*
- -19.72%
- ALL TIME*
- -17.49%
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. SOPIX - 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% |
SOPIX ProFunds Short NASDAQ-100 Fund | -10.40% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
Correlation
The correlation between DXHYX and SOPIX is -0.65, 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. | -0.65 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.64 |
The correlation between DXHYX and SOPIX has been stable across timeframes, ranging from -0.65 to -0.58 - a consistent structural relationship.
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Return for Risk
DXHYX vs. SOPIX — Risk / Return Rank
DXHYX
SOPIX
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.
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 | SOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.87 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.66 | +1.58 |
| Martin ratioReturn relative to average drawdown | 3.68 | -1.28 | +4.95 |
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Drawdowns
DXHYX vs. SOPIX - Drawdown Comparison
The maximum DXHYX drawdown since its inception was -26.40%, smaller than the maximum SOPIX drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for DXHYX and SOPIX.
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Drawdown Indicators
| DXHYX | SOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -99.07% | +72.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -24.87% | +21.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -54.87% | +48.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -65.00% | +46.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.76% | — |
Current DrawdownCurrent decline from peak | -1.12% | -98.99% | +97.87% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -76.28% | +72.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 12.84% | -12.08% |
Volatility
DXHYX vs. SOPIX - Volatility Comparison
The current volatility for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is 0.68%, while ProFunds Short NASDAQ-100 Fund (SOPIX) has a volatility of 6.84%. 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
| DXHYX | SOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 6.84% | -6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.52% | 15.93% | -12.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 19.30% | -14.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 23.85% | -15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 22.69% | -13.42% |
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 3.67%, more than SOPIX's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.39% | 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 -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (6.84%) compared to DXHYX (0.68%). In terms of maximum drawdown, DXHYX dropped -26.40% vs SOPIX's -99.07%.
DXHYX currently has the higher Sharpe Ratio (0.64 vs -0.85), 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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