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 25/50 Index. It was launched on Oct 21, 2013.
Performance
DXNLX vs. FTEC - Performance Comparison
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DXNLX vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -11.90% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
FTEC Fidelity MSCI Information Technology Index ETF | -7.30% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 35.91% |
Returns By Period
In the year-to-date period, DXNLX achieves a -11.90% return, which is significantly lower than FTEC's -7.30% return.
DXNLX
- 1D
- -0.99%
- 1M
- -10.20%
- YTD
- -11.90%
- 6M
- -9.94%
- 1Y
- 20.75%
- 3Y*
- 22.54%
- 5Y*
- 12.16%
- 10Y*
- —
FTEC
- 1D
- 4.32%
- 1M
- -3.83%
- YTD
- -7.30%
- 6M
- -6.15%
- 1Y
- 29.59%
- 3Y*
- 22.94%
- 5Y*
- 14.76%
- 10Y*
- 21.13%
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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.
Return for Risk
DXNLX vs. FTEC — Risk / Return Rank
DXNLX
FTEC
DXNLX vs. FTEC - 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 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.
| DXNLX | FTEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.08 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.66 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.81 | -0.76 |
Martin ratioReturn relative to average drawdown | 3.72 | 5.63 | -1.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXNLX | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.08 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.59 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.85 | -0.14 |
Correlation
The correlation between DXNLX and FTEC is 0.96, 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.
Dividends
DXNLX vs. FTEC - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 1.13%, more than FTEC's 0.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.13% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.46% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Drawdowns
DXNLX vs. FTEC - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, 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.
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Drawdown Indicators
| DXNLX | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -34.95% | -8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -16.26% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -34.95% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -15.91% | -12.65% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -5.61% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 5.22% | -0.73% |
Volatility
DXNLX vs. FTEC - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.78%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 7.97%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXNLX | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 7.97% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 16.35% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 27.51% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.22% | 25.12% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.94% | 24.57% | +4.37% |