DXKLX vs. MMTM
Compare and contrast key facts about Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM).
DXKLX is managed by Direxion. It was launched on Mar 31, 2005. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXKLX or MMTM.
Correlation
The correlation between DXKLX and MMTM is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DXKLX vs. MMTM - Performance Comparison
Key characteristics
DXKLX:
-0.07
MMTM:
1.67
DXKLX:
-0.02
MMTM:
2.30
DXKLX:
1.00
MMTM:
1.30
DXKLX:
-0.02
MMTM:
2.54
DXKLX:
-0.13
MMTM:
10.11
DXKLX:
6.28%
MMTM:
2.76%
DXKLX:
11.26%
MMTM:
16.65%
DXKLX:
-49.28%
MMTM:
-33.85%
DXKLX:
-45.29%
MMTM:
0.00%
Returns By Period
In the year-to-date period, DXKLX achieves a 1.41% return, which is significantly lower than MMTM's 5.09% return. Over the past 10 years, DXKLX has underperformed MMTM with an annualized return of -3.52%, while MMTM has yielded a comparatively higher 15.46% annualized return.
DXKLX
1.41%
1.74%
-6.67%
-1.09%
-8.55%
-3.52%
MMTM
5.09%
2.36%
12.50%
26.55%
14.95%
15.46%
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DXKLX vs. MMTM - Expense Ratio Comparison
DXKLX has a 1.35% expense ratio, which is higher than MMTM's 0.12% expense ratio.
Risk-Adjusted Performance
DXKLX vs. MMTM — Risk-Adjusted Performance Rank
DXKLX
MMTM
DXKLX vs. MMTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). 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.
Dividends
DXKLX vs. MMTM - Dividend Comparison
DXKLX's dividend yield for the trailing twelve months is around 14.21%, more than MMTM's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 14.21% | 1.11% | 0.00% | 0.00% | 0.00% | 1.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.79% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
Drawdowns
DXKLX vs. MMTM - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -49.28%, which is greater than MMTM's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for DXKLX and MMTM. For additional features, visit the drawdowns tool.
Volatility
DXKLX vs. MMTM - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.87%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 5.20%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.