DXKLX vs. ^TYX
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 -3.55%/yr vs 8.28%/yr for ^TYX. At a correlation of -0.86, they often move in opposite directions.
Performance
DXKLX vs. ^TYX - Performance Comparison
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Returns By Period
In the year-to-date period, DXKLX achieves a -4.60% return, which is significantly lower than ^TYX's 5.33% return. Over the past 10 years, DXKLX has underperformed ^TYX with an annualized return of -3.55%, while ^TYX has yielded a comparatively higher 8.28% annualized return.
DXKLX
- 1D
- -0.20%
- 1M
- -0.97%
- 6M
- -4.49%
- YTD
- -4.60%
- 1Y
- -0.82%
- 3Y*
- -1.19%
- 5Y*
- -8.35%
- 10Y*
- -3.55%
^TYX
- 1D
- 0.53%
- 1M
- 2.47%
- 6M
- 5.33%
- YTD
- 5.33%
- 1Y
- 2.84%
- 3Y*
- 9.13%
- 5Y*
- 20.71%
- 10Y*
- 8.28%
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 | -4.60% | 7.74% | -7.56% | -0.43% | -29.87% | -8.83% | 16.79% | 11.77% | -1.10% | 2.73% |
^TYX Treasury Yield 30 Years | 5.33% | 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 -0.85, 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 | -0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2005 | -0.86 |
The correlation between DXKLX and ^TYX has been stable across timeframes, ranging from -0.89 to -0.85 - a consistent structural relationship.
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Return for Risk
DXKLX vs. ^TYX — Risk / Return Rank
DXKLX
^TYX
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.
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.
| DXKLX | ^TYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.05 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.30 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.48 | 0.62 | -1.10 |
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Drawdowns
DXKLX vs. ^TYX - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -47.64%, smaller than the maximum ^TYX drawdown of -93.84%. Use the drawdown chart below to compare losses from any high point for DXKLX and ^TYX.
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Drawdown Indicators
| DXKLX | ^TYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -93.84% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -9.55% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -22.85% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -42.57% | -22.85% | -19.72% |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | -72.86% | +25.22% |
Current DrawdownCurrent decline from peak | -42.76% | -66.48% | +23.72% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -56.72% | +41.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 4.57% | -1.07% |
Volatility
DXKLX vs. ^TYX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.76%, while Treasury Yield 30 Years (^TYX) has a volatility of 3.47%. 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.
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Volatility by Period
| DXKLX | ^TYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.47% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 8.28% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.26% | 11.81% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 24.92% | -10.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 33.37% | -20.96% |
Frequently Asked Questions
DXKLX and ^TYX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TYX has higher volatility (3.47%) compared to DXKLX (2.76%). In terms of maximum drawdown, DXKLX dropped -47.64% vs ^TYX's -93.84%.
^TYX currently has the higher Sharpe Ratio (0.24 vs -0.20), 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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