DXKLX vs. DXQLX

Last updated Jul 14, 2026

DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) are both mutual funds - DXKLX is a Leveraged Bonds fund managed by Direxion, while DXQLX is a Leveraged Equities fund managed by Direxion. Over the past 10 years, DXKLX returned -3.55%/yr vs 34.30%/yr for DXQLX. At a correlation of -0.22, they often move in opposite directions. DXKLX charges 1.35%/yr vs 1.39%/yr for DXQLX.

Performance

DXKLX vs. DXQLX - 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 Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXKLX achieves a -4.60% return, which is significantly lower than DXQLX's 28.38% return. Over the past 10 years, DXKLX has underperformed DXQLX with an annualized return of -3.55%, while DXQLX has yielded a comparatively higher 34.30% 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%

DXQLX

• 1D: 0.53%
• 1M: 0.80%
• 6M: 23.99%
• YTD: 28.38%
• 1Y: 50.32%
• 3Y*: 39.45%
• 5Y*: 18.32%
• 10Y*: 34.30%

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

DXKLX vs. DXQLX - 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%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	28.38%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-7.68%	68.61%

Correlation

The correlation between DXKLX and DXQLX 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	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 1, 2006	-0.22

The correlation between DXKLX and DXQLX shifts across timeframes, from -0.22 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DXKLX vs. DXQLX — Risk / Return Rank

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

DXKLX

DXKLX Risk / Return Rank: 2
DXKLX Sharpe Ratio Rank: 2
DXKLX Sortino Ratio Rank: 2
DXKLX Omega Ratio Rank: 2
DXKLX Calmar Ratio Rank: 2
DXKLX Martin Ratio Rank: 2

DXQLX

DXQLX Risk / Return Rank: 46
DXQLX Sharpe Ratio Rank: 47
DXQLX Sortino Ratio Rank: 41
DXQLX Omega Ratio Rank: 42
DXQLX Calmar Ratio Rank: 55
DXQLX Martin Ratio Rank: 48

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. DXQLX - 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 1.75X Fund (DXQLX). 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	DXQLX	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.54	-1.74
Sortino ratio: Return per unit of downside risk	-0.23	2.04	-2.27
Omega ratio: Gain probability vs. loss probability	0.97	1.27	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.20	2.28	-2.48
Martin ratio: Return relative to average drawdown	-0.48	7.87	-8.35

DXKLX vs. DXQLX - Sharpe Ratio Comparison

The current DXKLX Sharpe Ratio is -0.20, which is lower than the DXQLX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of DXKLX and DXQLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXKLX vs. DXQLX - Drawdown Comparison

The maximum DXKLX drawdown since its inception was -47.64%, smaller than the maximum DXQLX drawdown of -92.39%. Use the drawdown chart below to compare losses from any high point for DXKLX and DXQLX.

Drawdown Indicators

	DXKLX	DXQLX	Difference
Max Drawdown Largest peak-to-trough decline	-47.64%	-92.39%	+44.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-21.88%	+13.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.57%	-37.99%	+23.42%
Max Drawdown (5Y) Largest decline over 5 years	-42.57%	-60.79%	+18.22%
Max Drawdown (10Y) Largest decline over 10 years	-47.64%	-60.79%	+13.15%
Current Drawdown Current decline from peak	-42.76%	-5.15%	-37.61%
Average Drawdown Average peak-to-trough decline	-15.15%	-25.99%	+10.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	6.33%	-2.83%

Volatility

DXKLX vs. DXQLX - 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 1.75X Fund (DXQLX) has a volatility of 15.21%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXKLX	DXQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	15.21%	-12.45%
Volatility (6M) Calculated over the trailing 6-month period	6.31%	26.77%	-20.46%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	32.46%	-24.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	42.73%	-28.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.41%	44.60%	-32.19%

DXKLX vs. DXQLX - Expense Ratio Comparison

DXKLX has a 1.35% expense ratio, which is lower than DXQLX's 1.39% expense ratio.

Dividends

DXKLX vs. DXQLX - Dividend Comparison

DXKLX's dividend yield for the trailing twelve months is around 1.79%, less than DXQLX's 11.52% 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%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	11.52%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%

Frequently Asked Questions

Can I hold both DXKLX and DXQLX in my portfolio?

DXKLX and DXQLX 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.

Which is riskier, DXKLX or DXQLX?

DXQLX has higher volatility (15.21%) compared to DXKLX (2.76%). In terms of maximum drawdown, DXKLX dropped -47.64% vs DXQLX's -92.39%.

Which has better risk-adjusted returns?

DXQLX 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.