DXNLX vs. QQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Invesco QQQ (QQQ).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or QQQ.
Correlation
The correlation between DXNLX and QQQ is 0.99, 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. QQQ - Performance Comparison
Key characteristics
DXNLX:
1.14
QQQ:
1.30
DXNLX:
1.58
QQQ:
1.78
DXNLX:
1.21
QQQ:
1.24
DXNLX:
1.55
QQQ:
1.76
DXNLX:
5.14
QQQ:
6.08
DXNLX:
5.11%
QQQ:
3.92%
DXNLX:
23.13%
QQQ:
18.35%
DXNLX:
-47.71%
QQQ:
-82.98%
DXNLX:
-3.21%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, DXNLX achieves a 3.14% return, which is significantly higher than QQQ's 2.90% return.
DXNLX
3.14%
-1.83%
10.58%
22.90%
17.70%
N/A
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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DXNLX vs. QQQ - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DXNLX vs. QQQ — Risk-Adjusted Performance Rank
DXNLX
QQQ
DXNLX vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.74%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 2.74% | 0.17% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DXNLX vs. QQQ - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DXNLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.36% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.