DXKLX vs. DXNLX
DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both mutual funds - DXKLX is a Leveraged Bonds fund managed by Direxion, while DXNLX is a Leveraged Equities fund managed by Direxion. Over the past 5 years, DXKLX returned -8.35%/yr vs 15.92%/yr for DXNLX. At a correlation of -0.04, they often move in opposite directions. DXKLX charges 1.35%/yr vs 1.19%/yr for DXNLX.
Performance
DXKLX vs. DXNLX - 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 DXNLX's 20.83% 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%
DXNLX
- 1D
- 0.38%
- 1M
- 0.58%
- 6M
- 17.83%
- YTD
- 20.83%
- 1Y
- 35.75%
- 3Y*
- 28.92%
- 5Y*
- 15.92%
- 10Y*
- —
DXKLX vs. DXNLX - 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% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 20.83% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
Correlation
The correlation between DXKLX and DXNLX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.04 |
The correlation between DXKLX and DXNLX shifts across timeframes, from -0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXKLX vs. DXNLX — Risk / Return Rank
DXKLX
DXNLX
DXKLX vs. DXNLX - 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 NASDAQ-100 Bull 1.25X Fund (DXNLX). 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 | DXNLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.23 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.48 | 7.77 | -8.24 |
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Drawdowns
DXKLX vs. DXNLX - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -47.64%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for DXKLX and DXNLX.
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Drawdown Indicators
| DXKLX | DXNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -43.77% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -15.91% | +7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -28.35% | +13.78% |
Max Drawdown (5Y)Largest decline over 5 years | -42.57% | -43.77% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | — | — |
Current DrawdownCurrent decline from peak | -42.76% | -3.70% | -39.06% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -8.65% | -6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 4.56% | -1.06% |
Volatility
DXKLX vs. DXNLX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.76%, while Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a volatility of 10.73%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKLX | DXNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 10.73% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 19.04% | -12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.26% | 23.10% | -14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 28.72% | -14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 28.96% | -16.55% |
DXKLX vs. DXNLX - Expense Ratio Comparison
DXKLX has a 1.35% expense ratio, which is higher than DXNLX's 1.19% expense ratio.
Dividends
DXKLX vs. DXNLX - Dividend Comparison
DXKLX's dividend yield for the trailing twelve months is around 1.79%, more than DXNLX's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 1.79% | 13.38% | 1.11% | 0.00% | 0.00% | 0.00% | 4.39% | 7.54% | 0.00% | 0.00% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.82% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% |
Frequently Asked Questions
DXKLX and DXNLX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXNLX has higher volatility (10.73%) compared to DXKLX (2.76%). In terms of maximum drawdown, DXKLX dropped -47.64% vs DXNLX's -43.77%.
DXNLX currently has the higher Sharpe Ratio (1.54 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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