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.
Key characteristics
DXNLX | QQQ | |
---|---|---|
YTD Return | 12.18% | 10.74% |
1Y Return | 46.24% | 39.36% |
3Y Return (Ann) | 11.94% | 12.27% |
5Y Return (Ann) | 22.70% | 20.73% |
Sharpe Ratio | 2.27 | 2.43 |
Daily Std Dev | 20.46% | 16.27% |
Max Drawdown | -43.78% | -82.98% |
Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, DXNLX achieves a 12.18% return, which is significantly higher than QQQ's 10.74% 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. 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 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 0.19%, less than QQQ's 0.58% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.19% | 0.00% | 0.00% | 7.43% | 12.20% | 63.94% | 8.79% | 7.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
DXNLX vs. QQQ - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.78%, 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 6.47% compared to Invesco QQQ (QQQ) at 5.12%. 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.