DXKLX vs. SOPIX
DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) and SOPIX (ProFunds Short NASDAQ-100 Fund) are both mutual funds - DXKLX is a Leveraged Bonds fund managed by Direxion, while SOPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, DXKLX returned -3.55%/yr vs -20.40%/yr for SOPIX. At a 0.21 correlation, their price movements are largely independent. DXKLX charges 1.35%/yr vs 1.78%/yr for SOPIX.
Performance
DXKLX vs. SOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXKLX achieves a -4.60% return, which is significantly higher than SOPIX's -15.00% return. Over the past 10 years, DXKLX has outperformed SOPIX with an annualized return of -3.55%, while SOPIX has yielded a comparatively lower -20.40% 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%
SOPIX
- 1D
- -0.31%
- 1M
- -0.75%
- 6M
- -13.33%
- YTD
- -15.00%
- 1Y
- -21.88%
- 3Y*
- -20.54%
- 5Y*
- -15.02%
- 10Y*
- -20.40%
DXKLX vs. SOPIX - 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% |
SOPIX ProFunds Short NASDAQ-100 Fund | -15.00% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
Correlation
The correlation between DXKLX and SOPIX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
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 Apr 12, 2005 | 0.21 |
The correlation between DXKLX and SOPIX shifts across timeframes, from -0.16 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXKLX vs. SOPIX — Risk / Return Rank
DXKLX
SOPIX
DXKLX vs. SOPIX - 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 ProFunds Short NASDAQ-100 Fund (SOPIX). 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 | SOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.81 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.88 | +0.67 |
| Martin ratioReturn relative to average drawdown | -0.48 | -1.82 | +1.35 |
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Drawdowns
DXKLX vs. SOPIX - Drawdown Comparison
The maximum DXKLX drawdown since its inception was -47.64%, smaller than the maximum SOPIX drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for DXKLX and SOPIX.
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Drawdown Indicators
| DXKLX | SOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.64% | -99.07% | +51.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -24.87% | +16.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -54.87% | +40.30% |
Max Drawdown (5Y)Largest decline over 5 years | -42.57% | -65.00% | +22.43% |
Max Drawdown (10Y)Largest decline over 10 years | -47.64% | -89.99% | +42.35% |
Current DrawdownCurrent decline from peak | -42.76% | -99.05% | +56.29% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -76.22% | +61.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 11.91% | -8.41% |
Volatility
DXKLX vs. SOPIX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) is 2.76%, while ProFunds Short NASDAQ-100 Fund (SOPIX) has a volatility of 8.45%. This indicates that DXKLX experiences smaller price fluctuations and is considered to be less risky than SOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKLX | SOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 8.45% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 15.09% | -8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.26% | 18.36% | -10.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 23.73% | -9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 22.61% | -10.20% |
DXKLX vs. SOPIX - Expense Ratio Comparison
DXKLX has a 1.35% expense ratio, which is lower than SOPIX's 1.78% expense ratio.
Dividends
DXKLX vs. SOPIX - Dividend Comparison
DXKLX's dividend yield for the trailing twelve months is around 1.79%, less than SOPIX's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.52% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
DXKLX and SOPIX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (8.45%) compared to DXKLX (2.76%). In terms of maximum drawdown, DXKLX dropped -47.64% vs SOPIX's -99.07%.
DXKLX currently has the higher Sharpe Ratio (-0.20 vs -1.19), 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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