DXKSX vs. AFBIX

Last updated Jul 14, 2026

DXKSX (Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund) and AFBIX (Access Flex Bear High Yield ProFund) are both Inverse Bonds funds. Over the past 10 years, DXKSX returned 3.21%/yr vs -4.09%/yr for AFBIX. At a 0.13 correlation, their price movements are largely independent. DXKSX charges 1.35%/yr vs 1.78%/yr for AFBIX.

Performance

DXKSX vs. AFBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) and Access Flex Bear High Yield ProFund (AFBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXKSX achieves a 5.87% return, which is significantly higher than AFBIX's -1.31% return. Over the past 10 years, DXKSX has outperformed AFBIX with an annualized return of 3.21%, while AFBIX has yielded a comparatively lower -4.09% annualized return.

DXKSX

• 1D: 0.19%
• 1M: 1.11%
• 6M: 5.53%
• YTD: 5.87%
• 1Y: 3.94%
• 3Y*: 4.84%
• 5Y*: 10.13%
• 10Y*: 3.21%

AFBIX

• 1D: 0.04%
• 1M: -0.26%
• 6M: -0.88%
• YTD: -1.31%
• 1Y: -3.56%
• 3Y*: -4.82%
• 5Y*: -1.95%
• 10Y*: -4.09%

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

DXKSX vs. AFBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	5.87%	-3.26%	12.62%	3.03%	35.65%	4.73%	-13.02%	-11.52%	-0.00%	-5.45%
AFBIX Access Flex Bear High Yield ProFund	-1.31%	-5.24%	-3.07%	-6.30%	8.01%	-4.55%	-6.63%	-12.62%	-0.42%	-4.51%

Correlation

The correlation between DXKSX and AFBIX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.13

Over the past year, DXKSX and AFBIX have become more correlated (0.51) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

DXKSX vs. AFBIX — Risk / Return Rank

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

DXKSX

DXKSX Risk / Return Rank: 10
DXKSX Sharpe Ratio Rank: 11
DXKSX Sortino Ratio Rank: 10
DXKSX Omega Ratio Rank: 9
DXKSX Calmar Ratio Rank: 13
DXKSX Martin Ratio Rank: 9

AFBIX

AFBIX Risk / Return Rank: 0
AFBIX Sharpe Ratio Rank: 1
AFBIX Sortino Ratio Rank: 1
AFBIX Omega Ratio Rank: 1
AFBIX Calmar Ratio Rank: 0
AFBIX Martin Ratio Rank: 0

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.

DXKSX vs. AFBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) and Access Flex Bear High Yield ProFund (AFBIX). 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.

	DXKSX	AFBIX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	-0.89	+1.49
Sortino ratio: Return per unit of downside risk	0.90	-1.20	+2.09
Omega ratio: Gain probability vs. loss probability	1.10	0.86	+0.24
Calmar ratio: Return relative to maximum drawdown	0.87	-0.86	+1.74
Martin ratio: Return relative to average drawdown	1.68	-1.43	+3.11

DXKSX vs. AFBIX - Sharpe Ratio Comparison

The current DXKSX Sharpe Ratio is 0.59, which is higher than the AFBIX Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of DXKSX and AFBIX, 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

DXKSX vs. AFBIX - Drawdown Comparison

The maximum DXKSX drawdown since its inception was -85.78%, roughly equal to the maximum AFBIX drawdown of -82.12%. Use the drawdown chart below to compare losses from any high point for DXKSX and AFBIX.

Drawdown Indicators

	DXKSX	AFBIX	Difference
Max Drawdown Largest peak-to-trough decline	-85.78%	-82.12%	-3.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.58%	-3.97%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-17.80%	+3.78%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	-21.74%	+7.72%
Max Drawdown (10Y) Largest decline over 10 years	-36.52%	-34.75%	-1.77%
Current Drawdown Current decline from peak	-73.48%	-82.09%	+8.61%
Average Drawdown Average peak-to-trough decline	-61.35%	-57.90%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.39%	+0.51%

Volatility

DXKSX vs. AFBIX - Volatility Comparison

Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) has a higher volatility of 2.71% compared to Access Flex Bear High Yield ProFund (AFBIX) at 0.95%. This indicates that DXKSX's price experiences larger fluctuations and is considered to be riskier than AFBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXKSX	AFBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	0.95%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	6.20%	3.13%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	8.22%	3.84%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	7.29%	+6.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.50%	7.89%	+4.61%

DXKSX vs. AFBIX - Expense Ratio Comparison

DXKSX has a 1.35% expense ratio, which is lower than AFBIX's 1.78% expense ratio.

Dividends

DXKSX vs. AFBIX - Dividend Comparison

DXKSX's dividend yield for the trailing twelve months is around 11.58%, while AFBIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFBIX Access Flex Bear High Yield ProFund	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	11.58%	0.00%	9.44%	8.98%	0.00%	0.00%	6.10%	1.26%

Frequently Asked Questions

Can I hold both DXKSX and AFBIX in my portfolio?

DXKSX and AFBIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXKSX or AFBIX?

DXKSX has higher volatility (2.71%) compared to AFBIX (0.95%). In terms of maximum drawdown, DXKSX dropped -85.78% vs AFBIX's -82.12%.

Which has better risk-adjusted returns?

DXKSX currently has the higher Sharpe Ratio (0.59 vs -0.89), 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.