DXKSX vs. SOPIX
DXKSX (Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund) and SOPIX (ProFunds Short NASDAQ-100 Fund) are both mutual funds - DXKSX is a Inverse Bonds fund managed by Direxion, while SOPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, DXKSX returned 3.08%/yr vs -20.28%/yr for SOPIX. At a correlation of -0.21, they often move in opposite directions. DXKSX charges 1.35%/yr vs 1.78%/yr for SOPIX.
Performance
DXKSX vs. SOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXKSX achieves a 5.67% return, which is significantly higher than SOPIX's -14.03% return. Over the past 10 years, DXKSX has outperformed SOPIX with an annualized return of 3.08%, while SOPIX has yielded a comparatively lower -20.28% annualized return.
DXKSX
- 1D
- -0.42%
- 1M
- 1.51%
- 6M
- 5.50%
- YTD
- 5.67%
- 1Y
- 3.34%
- 3Y*
- 5.50%
- 5Y*
- 10.31%
- 10Y*
- 3.08%
SOPIX
- 1D
- 0.31%
- 1M
- 1.56%
- 6M
- -13.17%
- YTD
- -14.03%
- 1Y
- -20.64%
- 3Y*
- -19.47%
- 5Y*
- -15.00%
- 10Y*
- -20.28%
DXKSX vs. SOPIX - 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 | 5.67% | -3.26% | 12.62% | 3.03% | 35.65% | 4.73% | -13.02% | -11.52% | -0.00% | -5.45% |
SOPIX ProFunds Short NASDAQ-100 Fund | -14.03% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
Correlation
The correlation between DXKSX and SOPIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 May 20, 2004 | -0.21 |
The correlation between DXKSX and SOPIX shifts across timeframes, from -0.21 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXKSX vs. SOPIX — Risk / Return Rank
DXKSX
SOPIX
DXKSX vs. SOPIX - 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 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.
| DXKSX | SOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.82 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.84 | +1.39 |
| Martin ratioReturn relative to average drawdown | 1.10 | -1.71 | +2.80 |
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Drawdowns
DXKSX vs. SOPIX - Drawdown Comparison
The maximum DXKSX drawdown since its inception was -85.78%, smaller than the maximum SOPIX drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for DXKSX and SOPIX.
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Drawdown Indicators
| DXKSX | SOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.78% | -99.07% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -24.87% | +19.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -54.87% | +40.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -65.00% | +50.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -89.96% | +53.44% |
Current DrawdownCurrent decline from peak | -73.53% | -99.04% | +25.51% |
Average DrawdownAverage peak-to-trough decline | -61.36% | -76.23% | +14.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 12.15% | -9.24% |
Volatility
DXKSX vs. SOPIX - Volatility Comparison
The current volatility for Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) is 2.54%, while ProFunds Short NASDAQ-100 Fund (SOPIX) has a volatility of 7.80%. This indicates that DXKSX 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
| DXKSX | SOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 7.80% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 15.22% | -8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.22% | 18.50% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 23.76% | -9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.50% | 22.63% | -10.13% |
DXKSX vs. SOPIX - Expense Ratio Comparison
DXKSX has a 1.35% expense ratio, which is lower than SOPIX's 1.78% expense ratio.
Dividends
DXKSX vs. SOPIX - Dividend Comparison
DXKSX's dividend yield for the trailing twelve months is around 11.61%, more than SOPIX's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund | 11.61% | 0.00% | 9.44% | 8.98% | 0.00% | 0.00% | 6.10% | 1.26% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.49% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
DXKSX 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 (7.80%) compared to DXKSX (2.54%). In terms of maximum drawdown, DXKSX dropped -85.78% vs SOPIX's -99.07%.
DXKSX currently has the higher Sharpe Ratio (0.36 vs -1.12), 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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