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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or FXAIX.
Key characteristics
| DXNLX | FXAIX | |
|---|---|---|
| YTD Return | 29.19% | 26.96% |
| 1Y Return | 39.20% | 35.01% |
| 3Y Return (Ann) | 6.09% | 10.23% |
| 5Y Return (Ann) | 19.61% | 15.78% |
| Sharpe Ratio | 1.96 | 3.06 |
| Sortino Ratio | 2.56 | 4.07 |
| Omega Ratio | 1.35 | 1.58 |
| Calmar Ratio | 2.53 | 4.45 |
| Martin Ratio | 8.86 | 20.17 |
| Ulcer Index | 4.84% | 1.86% |
| Daily Std Dev | 21.84% | 12.27% |
| Max Drawdown | -47.71% | -33.79% |
| Current Drawdown | -0.50% | -0.25% |
Correlation
The correlation between DXNLX and FXAIX is 0.89, 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. FXAIX - Performance Comparison
In the year-to-date period, DXNLX achieves a 29.19% return, which is significantly higher than FXAIX's 26.96% return. 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. FXAIX - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
DXNLX vs. FXAIX - 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 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.
Dividends
DXNLX vs. FXAIX - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.17%, less than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
DXNLX vs. FXAIX - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, 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. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. FXAIX - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.10% compared to Fidelity 500 Index Fund (FXAIX) at 3.74%. 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.