DXKSX vs. DXKLX
DXKSX (Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund) and DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) are both mutual funds - DXKSX is a Inverse Bonds fund managed by Direxion, while DXKLX is a Leveraged Bonds fund managed by Direxion. Over the past 10 years, DXKSX returned 3.40%/yr vs -3.69%/yr for DXKLX. Their -0.99 correlation means they have often moved in opposite directions in the past. Both charge a 1.35% expense ratio.
Performance
DXKSX vs. DXKLX - Performance Comparison
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Returns By Period
In the year-to-date period, DXKSX achieves a 7.48% return, which is significantly higher than DXKLX's -5.90% return. Over the past 10 years, DXKSX has outperformed DXKLX with an annualized return of 3.40%, while DXKLX has yielded a comparatively lower -3.69% annualized return.
DXKSX
- 1D
- 0.00%
- 1M
- 2.61%
- 6M
- 6.20%
- YTD
- 7.48%
- 1Y
- 8.14%
- 3Y*
- 5.43%
- 5Y*
- 11.00%
- 10Y*
- 3.40%
- ALL TIME*
- -5.60%
DXKLX
- 1D
- 0.00%
- 1M
- -2.37%
- 6M
- -5.04%
- YTD
- -5.90%
- 1Y
- -4.77%
- 3Y*
- -1.82%
- 5Y*
- -8.97%
- 10Y*
- -3.69%
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DXKSX vs. DXKLX - 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 | 7.48% | -3.26% | 12.62% | 3.03% | 35.65% | 4.73% | -13.02% | -11.52% | 0.00% | -5.45% |
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | -5.90% | 7.74% | -7.56% | -0.43% | -29.87% | -8.83% | 16.79% | 11.77% | -1.10% | 2.73% |
Correlation
The correlation between DXKSX and DXKLX is -0.99, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2005 | -0.99 |
The correlation between DXKSX and DXKLX has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
DXKSX vs. DXKLX — Risk / Return Rank
DXKSX
DXKLX
DXKSX vs. DXKLX - 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 Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX). 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 | DXKLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.32 | +1.69 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.70 | +3.57 |
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Drawdowns
DXKSX vs. DXKLX - Drawdown Comparison
The maximum DXKSX drawdown since its inception was -85.78%, which is greater than DXKLX's maximum drawdown of -47.64%. Use the drawdown chart below to compare losses from any high point for DXKSX and DXKLX.
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Drawdown Indicators
| DXKSX | DXKLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.78% | -47.64% | -38.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -8.80% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -13.62% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -42.54% | +28.52% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -47.64% | +11.12% |
Current DrawdownCurrent decline from peak | -73.08% | -43.55% | -29.53% |
Average DrawdownAverage peak-to-trough decline | -61.38% | -15.22% | -46.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.97% | -1.85% |
Volatility
DXKSX vs. DXKLX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) is 1.69%, while Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) has a volatility of 1.80%. This indicates that DXKSX experiences smaller price fluctuations and is considered to be less risky than DXKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKSX | DXKLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.80% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 6.31% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 8.13% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 13.97% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.49% | 12.40% | +0.09% |
DXKSX vs. DXKLX - Expense Ratio Comparison
Both DXKSX and DXKLX have an expense ratio of 1.35%.
Dividends
DXKSX vs. DXKLX - Dividend Comparison
DXKSX's dividend yield for the trailing twelve months is around 11.41%, more than DXKLX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund | 1.81% | 13.38% | 1.11% | 0.00% | 0.00% | 0.00% | 4.39% | 7.54% |
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund | 11.41% | 0.00% | 9.44% | 8.98% | 0.00% | 0.00% | 6.10% | 1.26% |
Frequently Asked Questions
DXKSX and DXKLX have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXKLX has higher volatility (1.80%) compared to DXKSX (1.69%). In terms of maximum drawdown, DXKSX dropped -85.78% vs DXKLX's -47.64%.
DXKSX currently has the higher Sharpe Ratio (0.74 vs -0.34), 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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