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 -8.97%/yr vs 13.95%/yr for DXNLX. Their -0.04 correlation means they have often moved in opposite directions in the past. 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 -5.90% return, which is significantly lower than DXNLX's 12.06% return.
DXKLX
- 1D
- 0.00%
- 1M
- -2.37%
- 6M
- -5.04%
- YTD
- -5.90%
- 1Y
- -4.77%
- 3Y*
- -1.82%
- 5Y*
- -8.97%
- 10Y*
- -3.69%
- ALL TIME*
- 2.23%
DXNLX
- 1D
- 0.00%
- 1M
- -5.32%
- 6M
- 10.68%
- YTD
- 12.06%
- 1Y
- 26.25%
- 3Y*
- 23.67%
- 5Y*
- 13.95%
- 10Y*
- —
- ALL TIME*
- 22.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
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 | -5.90% | 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 | 12.06% | 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 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer 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 0.18 (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 | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.41 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.70 | 4.48 | -5.18 |
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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 | -8.80% | -15.91% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.62% | -28.35% | +14.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.54% | -43.77% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | — | — |
Current DrawdownCurrent decline from peak | -43.55% | -10.69% | -32.86% |
Average DrawdownAverage peak-to-trough decline | -15.22% | -8.65% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 4.99% | -1.02% |
Volatility
DXKLX vs. DXNLX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 1.80%, while Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a volatility of 6.96%. 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 | 1.80% | 6.96% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 19.44% | -13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.13% | 23.72% | -15.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 28.79% | -14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.40% | 28.93% | -16.53% |
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 1.81%, more than DXNLX's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 1.81% | 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 | 0.89% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXNLX has higher volatility (6.96%) compared to DXKLX (1.80%). In terms of maximum drawdown, DXKLX dropped -47.64% vs DXNLX's -43.77%.
DXNLX currently has the higher Sharpe Ratio (0.94 vs -0.34), 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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