DXKLX vs. DXHYX
DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both Leveraged Bonds funds from Direxion. Over the past 5 years, DXKLX returned -7.86%/yr vs 1.83%/yr for DXHYX. At a 0.17 correlation, their price movements are largely independent. Both charge a 1.35% expense ratio.
Performance
DXKLX vs. DXHYX - Performance Comparison
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Returns By Period
In the year-to-date period, DXKLX achieves a -4.18% return, which is significantly lower than DXHYX's 0.54% return.
DXKLX
- 1D
- -0.73%
- 1M
- 0.15%
- YTD
- -4.18%
- 6M
- -4.22%
- 1Y
- -1.28%
- 3Y*
- -2.10%
- 5Y*
- -7.86%
- 10Y*
- -3.44%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 10Y*
- —
DXKLX vs. DXHYX - 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 | -4.18% | 7.74% | -7.56% | -0.43% | -29.87% | -8.83% | 16.79% | 11.77% | -1.10% | 2.73% |
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 0.54% | 6.56% | 6.47% | 10.88% | -13.99% | 3.00% | 2.26% | 12.61% | -3.82% | 5.22% |
Correlation
The correlation between DXKLX and DXHYX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.17 |
Over the past year, DXKLX and DXHYX have become more correlated (0.55) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
DXKLX vs. DXHYX — Risk / Return Rank
DXKLX
DXHYX
DXKLX vs. DXHYX - 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 Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). 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 | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.60 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.21 | 6.56 | -6.76 |
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Drawdowns
DXKLX vs. DXHYX - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -47.64%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for DXKLX and DXHYX.
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Drawdown Indicators
| DXKLX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -26.40% | -21.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -3.03% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -6.42% | -8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -42.57% | -18.67% | -23.90% |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | — | — |
Current DrawdownCurrent decline from peak | -42.51% | -0.28% | -42.23% |
Average DrawdownAverage peak-to-trough decline | -15.08% | -3.68% | -11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.74% | +2.49% |
Volatility
DXKLX vs. DXHYX - Volatility Comparison
Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) has a higher volatility of 2.49% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. This indicates that DXKLX's price experiences larger fluctuations and is considered to be riskier than DXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKLX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.20% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 3.52% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.28% | 4.46% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 8.48% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.46% | 9.32% | +3.14% |
DXKLX vs. DXHYX - Expense Ratio Comparison
Both DXKLX and DXHYX have an expense ratio of 1.35%.
Dividends
DXKLX vs. DXHYX - Dividend Comparison
DXKLX's dividend yield for the trailing twelve months is around 1.78%, less than DXHYX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.64% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 1.78% | 13.38% | 1.11% | 0.00% | 0.00% | 0.00% | 4.39% | 7.54% | 0.00% | 0.00% |
Frequently Asked Questions
DXKLX and DXHYX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXKLX has higher volatility (2.49%) compared to DXHYX (1.20%). In terms of maximum drawdown, DXKLX dropped -47.64% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (1.09 vs -0.08), 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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