DXKLX vs. RYGBX

Last updated Jun 3, 2026

DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both Leveraged Bonds funds. Over the past 10 years, DXKLX returned -3.14%/yr vs -4.65%/yr for RYGBX. Their correlation of 0.91 suggests significant overlap in exposure. DXKLX charges 1.35%/yr vs 0.99%/yr for RYGBX.

Performance

DXKLX vs. RYGBX - 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 Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXKLX achieves a -3.34% return, which is significantly lower than RYGBX's -1.58% return. Over the past 10 years, DXKLX has outperformed RYGBX with an annualized return of -3.14%, while RYGBX has yielded a comparatively lower -4.65% annualized return.

DXKLX

• 1D: -0.29%
• 1M: -0.91%
• YTD: -3.34%
• 6M: -4.30%
• 1Y: 1.07%
• 3Y*: -2.05%
• 5Y*: -7.49%
• 10Y*: -3.14%

RYGBX

• 1D: 0.03%
• 1M: 0.03%
• YTD: -1.58%
• 6M: -2.90%
• 1Y: 3.28%
• 3Y*: -5.28%
• 5Y*: -10.64%
• 10Y*: -4.65%

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

DXKLX vs. RYGBX - 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	-3.34%	7.74%	-7.56%	-0.43%	-29.87%	-8.83%	16.79%	11.77%	-1.10%	2.73%
RYGBX Rydex Government Long Bond 1.2x Strategy Fund	-1.58%	2.19%	-12.81%	-1.05%	-40.90%	-7.28%	21.93%	17.50%	-5.20%	9.93%

Correlation

The correlation between DXKLX and RYGBX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 13, 2005	0.91

The correlation between DXKLX and RYGBX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

DXKLX vs. RYGBX — Risk / Return Rank

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

DXKLX

DXKLX Risk / Return Rank: 3
DXKLX Sharpe Ratio Rank: 3
DXKLX Sortino Ratio Rank: 3
DXKLX Omega Ratio Rank: 3
DXKLX Calmar Ratio Rank: 3
DXKLX Martin Ratio Rank: 3

RYGBX

RYGBX Risk / Return Rank: 3
RYGBX Sharpe Ratio Rank: 3
RYGBX Sortino Ratio Rank: 3
RYGBX Omega Ratio Rank: 3
RYGBX Calmar Ratio Rank: 4
RYGBX Martin Ratio Rank: 4

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. RYGBX - 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 Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.

	DXKLX	RYGBX	Difference
Sharpe ratio Return per unit of total volatility	0.05	0.18	-0.13
Sortino ratio Return per unit of downside risk	0.14	0.35	-0.21
Omega ratio Gain probability vs. loss probability	1.02	1.04	-0.02
Calmar ratio Return relative to maximum drawdown	0.12	0.27	-0.15
Martin ratio Return relative to average drawdown	0.34	0.66	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXKLX vs. RYGBX - Sharpe Ratio Comparison

The current DXKLX Sharpe Ratio is 0.05, which is lower than the RYGBX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of DXKLX and RYGBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DXKLX	RYGBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.18	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	-0.54	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.25	-0.24	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.08	+0.09

Drawdowns

DXKLX vs. RYGBX - Drawdown Comparison

The maximum DXKLX drawdown since its inception was -47.64%, smaller than the maximum RYGBX drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for DXKLX and RYGBX.

Drawdown Indicators

	DXKLX	RYGBX	Difference
Max Drawdown Largest peak-to-trough decline	-47.64%	-62.42%	+14.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-9.88%	+1.62%
Max Drawdown (3Y) Largest decline over 3 years	-15.17%	-23.34%	+8.17%
Max Drawdown (5Y) Largest decline over 5 years	-42.57%	-55.36%	+12.79%
Max Drawdown (10Y) Largest decline over 10 years	-47.64%	-62.42%	+14.78%
Current Drawdown Current decline from peak	-42.01%	-59.05%	+17.04%
Average Drawdown Average peak-to-trough decline	-15.01%	-19.51%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.97%	-1.12%

Volatility

DXKLX vs. RYGBX - Volatility Comparison

The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.75%, while Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) has a volatility of 3.37%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXKLX	RYGBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	3.37%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	7.67%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	11.53%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	19.75%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	19.32%	-6.86%

DXKLX vs. RYGBX - Expense Ratio Comparison

DXKLX has a 1.35% expense ratio, which is higher than RYGBX's 0.99% expense ratio.

Dividends

DXKLX vs. RYGBX - Dividend Comparison

DXKLX's dividend yield for the trailing twelve months is around 1.76%, less than RYGBX's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	1.76%	13.38%	1.11%	0.00%	0.00%	0.00%	4.39%	7.54%	0.00%	0.00%	0.00%	0.00%
RYGBX Rydex Government Long Bond 1.2x Strategy Fund	3.89%	3.59%	2.89%	2.70%	1.69%	0.71%	46.47%	5.00%	1.51%	1.45%	5.62%	2.07%

Frequently Asked Questions

Can I hold both DXKLX and RYGBX in my portfolio?

With a correlation of 0.90, DXKLX and RYGBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DXKLX or RYGBX?

RYGBX has higher volatility (3.37%) compared to DXKLX (2.75%). In terms of maximum drawdown, DXKLX dropped -47.64% vs RYGBX's -62.42%.

Which has better risk-adjusted returns?

RYGBX currently has the higher Sharpe Ratio (0.18 vs 0.05), 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.