DXNLX vs. QQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Invesco QQQ ETF (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.
Performance
DXNLX vs. QQQ - Performance Comparison
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DXNLX vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 31.49% |
Returns By Period
In the year-to-date period, DXNLX achieves a -8.07% return, which is significantly lower than QQQ's -4.76% return.
DXNLX
- 1D
- 4.35%
- 1M
- -6.44%
- YTD
- -8.07%
- 6M
- -6.58%
- 1Y
- 24.75%
- 3Y*
- 24.29%
- 5Y*
- 12.62%
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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DXNLX vs. QQQ - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
DXNLX vs. QQQ — Risk / Return Rank
DXNLX
QQQ
DXNLX vs. QQQ - 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 Invesco QQQ ETF (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.
| DXNLX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.07 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.66 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.00 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.71 | 7.32 | -1.61 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.07 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.38 | +0.35 |
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.
Dividends
DXNLX vs. QQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 1.08%, more than QQQ's 0.48% 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% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
DXNLX vs. QQQ - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DXNLX and QQQ.
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Drawdown Indicators
| DXNLX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -82.97% | +39.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -12.62% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -35.12% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -12.25% | -7.86% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -32.99% | +24.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 3.44% | +1.11% |
Volatility
DXNLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 8.28% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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.
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Volatility by Period
| DXNLX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 6.61% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 12.82% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.24% | 22.70% | +5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.28% | 22.38% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.97% | 22.25% | +6.72% |