DXNLX vs. FTEC
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Fidelity MSCI Information Technology Index ETF (FTEC).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or FTEC.
Correlation
The correlation between DXNLX and FTEC is 0.95, 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.
Performance
DXNLX vs. FTEC - Performance Comparison
Key characteristics
DXNLX:
1.48
FTEC:
1.55
DXNLX:
1.99
FTEC:
2.07
DXNLX:
1.27
FTEC:
1.28
DXNLX:
1.97
FTEC:
2.20
DXNLX:
6.81
FTEC:
7.86
DXNLX:
4.89%
FTEC:
4.27%
DXNLX:
22.50%
FTEC:
21.56%
DXNLX:
-47.71%
FTEC:
-34.95%
DXNLX:
-4.54%
FTEC:
-2.38%
Returns By Period
The year-to-date returns for both investments are quite close, with DXNLX having a 30.79% return and FTEC slightly higher at 31.57%.
DXNLX
30.79%
3.54%
8.80%
31.38%
18.63%
N/A
FTEC
31.57%
3.26%
9.80%
31.86%
22.22%
20.50%
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DXNLX vs. FTEC - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
DXNLX vs. FTEC - 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 Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
DXNLX vs. FTEC - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than FTEC's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.16% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.48% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
DXNLX vs. FTEC - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for DXNLX and FTEC. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. FTEC - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.60% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 5.60%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.