DXNLX vs. DXQLX
DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) and DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) are both Leveraged Equities funds from Direxion. Over the past 5 years, DXNLX returned 13.95%/yr vs 15.36%/yr for DXQLX. Their 1.00 correlation means they have historically moved very closely together. DXNLX charges 1.19%/yr vs 1.39%/yr for DXQLX.
Performance
DXNLX vs. DXQLX - Performance Comparison
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Returns By Period
In the year-to-date period, DXNLX achieves a 12.06% return, which is significantly lower than DXQLX's 14.96% return.
DXNLX
- 1D
- 0.00%
- 1M
- -5.32%
- 6M
- 10.68%
- YTD
- 12.06%
- 1Y
- 26.25%
- 3Y*
- 23.67%
- 5Y*
- 13.95%
- 10Y*
- —
- ALL TIME*
- 22.71%
DXQLX
- 1D
- 6.37%
- 1M
- -7.75%
- 6M
- 13.01%
- YTD
- 14.96%
- 1Y
- 35.24%
- 3Y*
- 31.38%
- 5Y*
- 15.36%
- 10Y*
- 31.86%
- ALL TIME*
- 19.41%
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 |
DXNLX vs. DXQLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 12.06% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 14.96% | 29.99% | 39.26% | 97.59% | -57.72% | 55.98% | 100.94% | 79.36% | -7.68% | 68.61% |
Correlation
The correlation between DXNLX and DXQLX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 1.00 |
The correlation between DXNLX and DXQLX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
DXNLX vs. DXQLX — Risk / Return Rank
DXNLX
DXQLX
DXNLX vs. DXQLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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.
| DXNLX | DXQLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.35 | +0.06 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.20 | +0.28 |
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Drawdowns
DXNLX vs. DXQLX - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, smaller than the maximum DXQLX drawdown of -92.39%. Use the drawdown chart below to compare losses from any high point for DXNLX and DXQLX.
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Drawdown Indicators
| DXNLX | DXQLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -92.39% | +48.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.91% | -21.88% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -28.35% | -37.99% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -60.79% | +17.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.79% | — |
Current DrawdownCurrent decline from peak | -10.69% | -15.07% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -25.96% | +17.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 7.01% | -2.02% |
Volatility
DXNLX vs. DXQLX - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.96%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 12.62%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXNLX | DXQLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 12.62% | -5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 28.41% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 34.25% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.79% | 42.97% | -14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.93% | 44.72% | -15.79% |
DXNLX vs. DXQLX - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is lower than DXQLX's 1.39% expense ratio.
Dividends
DXNLX vs. DXQLX - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.89%, less than DXQLX's 12.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.89% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 12.87% | 14.50% | 0.33% | 0.00% | 0.00% | 11.75% | 10.90% | 3.37% | 7.37% | 5.72% |
Frequently Asked Questions
With a correlation of 0.99, DXNLX and DXQLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DXQLX has higher volatility (12.62%) compared to DXNLX (6.96%). In terms of maximum drawdown, DXNLX dropped -43.77% vs DXQLX's -92.39%.
DXNLX currently has the higher Sharpe Ratio (0.94 vs 0.86), 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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