Correlation
The correlation between DXNLX and QQQ is 0.90, 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.
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.
Performance
DXNLX vs. QQQ - Performance Comparison
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Key characteristics
DXNLX:
0.49
QQQ:
0.62
DXNLX:
0.80
QQQ:
0.92
DXNLX:
1.11
QQQ:
1.13
DXNLX:
0.47
QQQ:
0.60
DXNLX:
1.47
QQQ:
1.94
DXNLX:
9.00%
QQQ:
7.02%
DXNLX:
32.40%
QQQ:
25.59%
DXNLX:
-43.78%
QQQ:
-82.98%
DXNLX:
-5.69%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, DXNLX achieves a 0.49% return, which is significantly lower than QQQ's 1.69% return.
DXNLX
0.49%
11.16%
0.75%
15.73%
21.03%
19.34%
N/A
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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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.
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Dividends
DXNLX vs. QQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.81%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 2.81% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 63.94% | 8.79% | 7.52% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 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 -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.
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Volatility
DXNLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.91% compared to Invesco QQQ (QQQ) at 5.62%. 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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