PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
DXNLX vs. DXQLX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DXNLX and DXQLX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

DXNLX vs. DXQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). The values are adjusted to include any dividend payments, if applicable.

500.00%600.00%700.00%800.00%900.00%1,000.00%JulyAugustSeptemberOctoberNovemberDecember
966.60%
729.61%
DXNLX
DXQLX

Key characteristics

Sharpe Ratio

DXNLX:

1.48

DXQLX:

1.47

Sortino Ratio

DXNLX:

1.99

DXQLX:

1.95

Omega Ratio

DXNLX:

1.27

DXQLX:

1.26

Calmar Ratio

DXNLX:

1.97

DXQLX:

1.47

Martin Ratio

DXNLX:

6.81

DXQLX:

6.83

Ulcer Index

DXNLX:

4.89%

DXQLX:

6.79%

Daily Std Dev

DXNLX:

22.50%

DXQLX:

31.53%

Max Drawdown

DXNLX:

-47.71%

DXQLX:

-91.88%

Current Drawdown

DXNLX:

-4.54%

DXQLX:

-6.22%

Returns By Period

In the year-to-date period, DXNLX achieves a 30.79% return, which is significantly lower than DXQLX's 42.61% return.


DXNLX

YTD

30.79%

1M

3.54%

6M

8.80%

1Y

31.38%

5Y*

18.63%

10Y*

N/A

DXQLX

YTD

42.61%

1M

4.87%

6M

11.60%

1Y

43.42%

5Y*

24.83%

10Y*

24.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


DXNLX vs. DXQLX - Expense Ratio Comparison

DXNLX has a 1.19% expense ratio, which is lower than DXQLX's 1.39% expense ratio.


DXQLX
Direxion Monthly NASDAQ-100 Bull 1.75X Fund
Expense ratio chart for DXQLX: current value at 1.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.39%
Expense ratio chart for DXNLX: current value at 1.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.19%

Risk-Adjusted Performance

DXNLX vs. DXQLX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for DXNLX, currently valued at 1.48, compared to the broader market-1.000.001.002.003.004.001.481.47
The chart of Sortino ratio for DXNLX, currently valued at 1.99, compared to the broader market-2.000.002.004.006.008.0010.001.991.95
The chart of Omega ratio for DXNLX, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.003.501.271.26
The chart of Calmar ratio for DXNLX, currently valued at 1.97, compared to the broader market0.002.004.006.008.0010.0012.0014.001.971.47
The chart of Martin ratio for DXNLX, currently valued at 6.81, compared to the broader market0.0020.0040.0060.006.816.83
DXNLX
DXQLX

The current DXNLX Sharpe Ratio is 1.48, which is comparable to the DXQLX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of DXNLX and DXQLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.48
1.47
DXNLX
DXQLX

Dividends

DXNLX vs. DXQLX - Dividend Comparison

DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than DXQLX's 0.32% yield.


TTM202320222021202020192018
DXNLX
Direxion Monthly NASDAQ-100 Bull 1.25X Fund
0.16%0.00%0.00%0.00%4.35%63.94%0.42%
DXQLX
Direxion Monthly NASDAQ-100 Bull 1.75X Fund
0.32%0.00%0.00%0.00%0.28%0.00%0.00%

Drawdowns

DXNLX vs. DXQLX - Drawdown Comparison

The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum DXQLX drawdown of -91.88%. Use the drawdown chart below to compare losses from any high point for DXNLX and DXQLX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.54%
-6.22%
DXNLX
DXQLX

Volatility

DXNLX vs. DXQLX - Volatility Comparison

The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.60%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 9.11%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
6.60%
9.11%
DXNLX
DXQLX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab