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.
Key characteristics
| DXNLX | FTEC | |
|---|---|---|
| YTD Return | 27.25% | 27.38% |
| 1Y Return | 42.77% | 41.78% |
| 3Y Return (Ann) | 5.12% | 12.15% |
| 5Y Return (Ann) | 19.45% | 22.87% |
| Sharpe Ratio | 2.02 | 2.06 |
| Sortino Ratio | 2.63 | 2.64 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.15 | 2.85 |
| Martin Ratio | 9.18 | 10.28 |
| Ulcer Index | 4.84% | 4.23% |
| Daily Std Dev | 21.97% | 21.15% |
| Max Drawdown | -47.71% | -34.95% |
| Current Drawdown | -0.30% | 0.00% |
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
The year-to-date returns for both investments are quite close, with DXNLX having a 27.25% return and FTEC slightly higher at 27.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.17%, less than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.17% | 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 | 0.62% | 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) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.24% and 6.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.