Correlation
The correlation between DXHYX and SPHY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
DXHYX vs. SPHY
Compare and contrast key facts about Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) and SPDR Portfolio High Yield Bond ETF (SPHY).
DXHYX is managed by Direxion. It was launched on Feb 17, 2016. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXHYX or SPHY.
Performance
DXHYX vs. SPHY - Performance Comparison
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Key characteristics
DXHYX:
1.20
SPHY:
1.70
DXHYX:
1.74
SPHY:
2.48
DXHYX:
1.26
SPHY:
1.37
DXHYX:
1.35
SPHY:
1.97
DXHYX:
6.74
SPHY:
10.39
DXHYX:
1.22%
SPHY:
0.92%
DXHYX:
6.91%
SPHY:
5.64%
DXHYX:
-26.40%
SPHY:
-21.97%
DXHYX:
-0.11%
SPHY:
0.00%
Returns By Period
In the year-to-date period, DXHYX achieves a 2.27% return, which is significantly lower than SPHY's 2.69% return.
DXHYX
2.27%
1.91%
1.08%
8.22%
4.32%
3.46%
N/A
SPHY
2.69%
1.71%
1.97%
9.50%
6.63%
6.00%
4.72%
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DXHYX vs. SPHY - Expense Ratio Comparison
DXHYX has a 1.35% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
DXHYX vs. SPHY — Risk-Adjusted Performance Rank
DXHYX
SPHY
DXHYX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
DXHYX vs. SPHY - Dividend Comparison
DXHYX's dividend yield for the trailing twelve months is around 5.54%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 5.54% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% | 3.28% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
DXHYX vs. SPHY - Drawdown Comparison
The maximum DXHYX drawdown since its inception was -26.40%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for DXHYX and SPHY.
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Volatility
DXHYX vs. SPHY - Volatility Comparison
Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) has a higher volatility of 1.71% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.47%. This indicates that DXHYX's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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