DXKLX vs. SCYB
DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and SCYB (Schwab High Yield Bond ETF) are both funds - DXKLX is a Leveraged Bonds fund managed by Direxion, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Over the past year, DXKLX returned -1.28% vs 6.36% for SCYB. A 0.55 correlation means they provide meaningful diversification when combined. DXKLX charges 1.35%/yr vs 0.03%/yr for SCYB.
Performance
DXKLX vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, DXKLX achieves a -4.18% return, which is significantly lower than SCYB's 1.84% return.
DXKLX
- 1D
- -0.73%
- 1M
- 0.15%
- YTD
- -4.18%
- 6M
- -4.22%
- 1Y
- -1.28%
- 3Y*
- -2.10%
- 5Y*
- -7.86%
- 10Y*
- -3.44%
SCYB
- 1D
- -0.08%
- 1M
- 0.42%
- YTD
- 1.84%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXKLX vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | -4.18% | 7.74% | -7.56% | 1.89% |
SCYB Schwab High Yield Bond ETF | 1.84% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between DXKLX and SCYB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.55 |
The correlation between DXKLX and SCYB has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
DXKLX vs. SCYB — Risk / Return Rank
DXKLX
SCYB
DXKLX vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.33 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.62 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.21 | 11.63 | -11.84 |
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Drawdowns
DXKLX vs. SCYB - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -47.64%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for DXKLX and SCYB.
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Drawdown Indicators
| DXKLX | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -4.92% | -42.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -2.44% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | — | — |
Current DrawdownCurrent decline from peak | -42.51% | -0.23% | -42.28% |
Average DrawdownAverage peak-to-trough decline | -15.08% | -0.51% | -14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.55% | +2.68% |
Volatility
DXKLX vs. SCYB - Volatility Comparison
Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) has a higher volatility of 2.49% compared to Schwab High Yield Bond ETF (SCYB) at 1.01%. This indicates that DXKLX's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKLX | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.01% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 3.01% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.28% | 3.79% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 5.11% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.46% | 5.11% | +7.35% |
DXKLX vs. SCYB - Expense Ratio Comparison
DXKLX has a 1.35% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
DXKLX vs. SCYB - Dividend Comparison
DXKLX's dividend yield for the trailing twelve months is around 1.78%, less than SCYB's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 1.78% | 13.38% | 1.11% | 0.00% | 0.00% | 0.00% | 4.39% | 7.54% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXKLX and SCYB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXKLX has higher volatility (2.49%) compared to SCYB (1.01%). In terms of maximum drawdown, DXKLX dropped -47.64% vs SCYB's -4.92%.
SCYB currently has the higher Sharpe Ratio (1.69 vs -0.08), 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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