DXNLX vs. FXAIX
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Fidelity 500 Index Fund (FXAIX).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
DXNLX vs. FXAIX - Performance Comparison
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DXNLX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -8.07% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 20.80% |
Returns By Period
In the year-to-date period, DXNLX achieves a -8.07% return, which is significantly lower than FXAIX's -4.34% return.
DXNLX
- 1D
- 4.35%
- 1M
- -6.44%
- YTD
- -8.07%
- 6M
- -6.58%
- 1Y
- 24.75%
- 3Y*
- 24.29%
- 5Y*
- 12.62%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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DXNLX vs. FXAIX - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
DXNLX vs. FXAIX — Risk / Return Rank
DXNLX
FXAIX
DXNLX vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.97 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.49 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.52 | +0.11 |
Martin ratioReturn relative to average drawdown | 5.71 | 7.30 | -1.59 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.97 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.70 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.76 | -0.04 |
Correlation
The correlation between DXNLX and FXAIX is 0.91, 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. FXAIX - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 1.08%, less than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.08% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
DXNLX vs. FXAIX - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for DXNLX and FXAIX.
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Drawdown Indicators
| DXNLX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -33.79% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -12.13% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -24.50% | -19.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -12.25% | -6.23% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -3.83% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.53% | +2.02% |
Volatility
DXNLX vs. FXAIX - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 8.28% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXNLX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 5.34% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 9.53% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.24% | 18.32% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.28% | 16.92% | +11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.97% | 18.05% | +10.92% |