DXKLX vs. ^TYX

Last updated Jun 3, 2026

DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) is Leveraged Bonds fund managed by Direxion, while ^TYX (Treasury Yield 30 Years) is an index. Over the past 10 years, DXKLX returned -3.14%/yr vs 7.03%/yr for ^TYX. At a correlation of -0.86, they often move in opposite directions.

Performance

DXKLX vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXKLX achieves a -3.34% return, which is significantly lower than ^TYX's 2.62% return. Over the past 10 years, DXKLX has underperformed ^TYX with an annualized return of -3.14%, while ^TYX has yielded a comparatively higher 7.03% annualized return.

DXKLX

• 1D: -0.29%
• 1M: -0.91%
• YTD: -3.34%
• 6M: -4.30%
• 1Y: 1.07%
• 3Y*: -2.05%
• 5Y*: -7.49%
• 10Y*: -3.14%

^TYX

• 1D: -0.48%
• 1M: 0.02%
• YTD: 2.62%
• 6M: 4.77%
• 1Y: -0.56%
• 3Y*: 8.56%
• 5Y*: 16.70%
• 10Y*: 7.03%

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

DXKLX vs. ^TYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	-3.34%	7.74%	-7.56%	-0.43%	-29.87%	-8.83%	16.79%	11.77%	-1.10%	2.73%
^TYX Treasury Yield 30 Years	2.62%	1.13%	19.08%	1.11%	108.66%	15.74%	-31.10%	-20.89%	10.26%	-10.58%

Correlation

The correlation between DXKLX and ^TYX is -0.86, 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	-0.86
Correlation (3Y) Calculated over the trailing 3-year period	-0.89
Correlation (5Y) Calculated over the trailing 5-year period	-0.88
Correlation (10Y) Calculated over the trailing 10-year period	-0.86
Correlation (All Time) Calculated using the full available price history since Apr 13, 2005	-0.86

The correlation between DXKLX and ^TYX has been stable across timeframes, ranging from -0.89 to -0.86 - a consistent structural relationship.

Return for Risk

DXKLX vs. ^TYX — Risk / Return Rank

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

DXKLX

DXKLX Risk / Return Rank: 3
DXKLX Sharpe Ratio Rank: 3
DXKLX Sortino Ratio Rank: 3
DXKLX Omega Ratio Rank: 3
DXKLX Calmar Ratio Rank: 3
DXKLX Martin Ratio Rank: 3

^TYX

^TYX Risk / Return Rank: 11
^TYX Sharpe Ratio Rank: 9
^TYX Sortino Ratio Rank: 8
^TYX Omega Ratio Rank: 8
^TYX Calmar Ratio Rank: 14
^TYX Martin Ratio Rank: 14

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.

DXKLX vs. ^TYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) and Treasury Yield 30 Years (^TYX). 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.

	DXKLX	^TYX	Difference
Sharpe ratio Return per unit of total volatility	0.05	-0.04	+0.10
Sortino ratio Return per unit of downside risk	0.14	0.02	+0.11
Omega ratio Gain probability vs. loss probability	1.02	1.00	+0.01
Calmar ratio Return relative to maximum drawdown	0.12	0.11	+0.01
Martin ratio Return relative to average drawdown	0.34	0.24	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXKLX vs. ^TYX - Sharpe Ratio Comparison

The current DXKLX Sharpe Ratio is 0.05, which is higher than the ^TYX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of DXKLX and ^TYX, 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

	DXKLX	^TYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.04	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	0.65	-1.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.25	0.21	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.02	+0.19

Drawdowns

DXKLX vs. ^TYX - Drawdown Comparison

The maximum DXKLX drawdown since its inception was -47.64%, smaller than the maximum ^TYX drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for DXKLX and ^TYX.

Drawdown Indicators

	DXKLX	^TYX	Difference
Max Drawdown Largest peak-to-trough decline	-47.64%	-88.52%	+40.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-9.55%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.17%	-22.85%	+7.68%
Max Drawdown (5Y) Largest decline over 5 years	-42.57%	-25.46%	-17.11%
Max Drawdown (10Y) Largest decline over 10 years	-47.64%	-72.86%	+25.22%
Current Drawdown Current decline from peak	-42.01%	-39.12%	-2.89%
Average Drawdown Average peak-to-trough decline	-15.01%	-45.96%	+30.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	4.46%	-1.61%

Volatility

DXKLX vs. ^TYX - Volatility Comparison

The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.75%, while Treasury Yield 30 Years (^TYX) has a volatility of 3.73%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXKLX	^TYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	3.73%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	7.98%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	12.22%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	25.08%	-11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	33.12%	-20.66%

Frequently Asked Questions

Can I hold both DXKLX and ^TYX in my portfolio?

DXKLX and ^TYX have a correlation of -0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXKLX or ^TYX?

^TYX has higher volatility (3.73%) compared to DXKLX (2.75%). In terms of maximum drawdown, DXKLX dropped -47.64% vs ^TYX's -88.52%.

Which has better risk-adjusted returns?

DXKLX currently has the higher Sharpe Ratio (0.05 vs -0.04), 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.