DXNLX vs. RYMKX

Last updated Aug 1, 2026

DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) and RYMKX (Rydex Russell 2000 1.5x Strategy Fund) are both Leveraged Equities funds. Over the past 5 years, DXNLX returned 13.95%/yr vs 4.61%/yr for RYMKX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. DXNLX charges 1.19%/yr vs 1.69%/yr for RYMKX.

Performance

DXNLX vs. RYMKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Rydex Russell 2000 1.5x Strategy Fund (RYMKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXNLX achieves a 12.06% return, which is significantly lower than RYMKX's 26.33% return.

DXNLX

• 1D: 0.00%
• 1M: -5.32%
• 6M: 10.68%
• YTD: 12.06%
• 1Y: 26.25%
• 3Y*: 23.67%
• 5Y*: 13.95%
• 10Y*: —
• ALL TIME*: 22.71%

RYMKX

• 1D: 2.04%
• 1M: -2.80%
• 6M: 17.23%
• YTD: 26.33%
• 1Y: 52.46%
• 3Y*: 16.73%
• 5Y*: 4.61%
• 10Y*: 10.59%
• ALL TIME*: 8.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	$0.00	$0.00	$0.00
RYMKX Rydex Russell 2000 1.5x Strategy Fund	$0.00	$0.00	$0.00

DXNLX vs. RYMKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	12.06%	22.13%	28.56%	66.63%	-40.88%	32.49%	58.90%	46.34%	-3.37%	37.37%
RYMKX Rydex Russell 2000 1.5x Strategy Fund	26.33%	12.79%	11.00%	20.06%	-33.16%	16.62%	20.94%	35.38%	-19.62%	20.07%

Correlation

The correlation between DXNLX and RYMKX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.68

The correlation between DXNLX and RYMKX has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

DXNLX vs. RYMKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DXNLX

DXNLX Risk / Return Rank: 30
DXNLX Sharpe Ratio Rank: 29
DXNLX Sortino Ratio Rank: 28
DXNLX Omega Ratio Rank: 29
DXNLX Calmar Ratio Rank: 33
DXNLX Martin Ratio Rank: 31

RYMKX

RYMKX Risk / Return Rank: 66
RYMKX Sharpe Ratio Rank: 63
RYMKX Sortino Ratio Rank: 62
RYMKX Omega Ratio Rank: 52
RYMKX Calmar Ratio Rank: 80
RYMKX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DXNLX vs. RYMKX - 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 Rydex Russell 2000 1.5x Strategy Fund (RYMKX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DXNLX	RYMKX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.58	-0.64
Sortino ratio: Return per unit of downside risk	1.38	2.23	-0.85
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.41	2.71	-1.30
Martin ratio: Return relative to average drawdown	4.48	9.36	-4.89

DXNLX vs. RYMKX - Sharpe Ratio Comparison

The current DXNLX Sharpe Ratio is 0.94, which is lower than the RYMKX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of DXNLX and RYMKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXNLX vs. RYMKX - Drawdown Comparison

The maximum DXNLX drawdown since its inception was -43.77%, smaller than the maximum RYMKX drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for DXNLX and RYMKX.

Drawdown Indicators

	DXNLX	RYMKX	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-77.57%	+33.80%
Max Drawdown (1Y) Largest decline over 1 year	-15.91%	-16.96%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-28.35%	-39.72%	+11.37%
Max Drawdown (5Y) Largest decline over 5 years	-43.77%	-63.65%	+19.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.65%	—
Current Drawdown Current decline from peak	-10.69%	-21.14%	+10.45%
Average Drawdown Average peak-to-trough decline	-8.65%	-23.34%	+14.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	4.91%	+0.08%

Volatility

DXNLX vs. RYMKX - Volatility Comparison

Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.96% compared to Rydex Russell 2000 1.5x Strategy Fund (RYMKX) at 5.74%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than RYMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXNLX	RYMKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	5.74%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	19.44%	21.19%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	23.72%	29.11%	-5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	45.40%	-16.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.93%	41.13%	-12.20%

DXNLX vs. RYMKX - Expense Ratio Comparison

DXNLX has a 1.19% expense ratio, which is lower than RYMKX's 1.69% expense ratio.

Dividends

DXNLX vs. RYMKX - Dividend Comparison

DXNLX's dividend yield for the trailing twelve months is around 0.89%, more than RYMKX's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	0.89%	2.31%	0.17%	0.00%	0.00%	7.43%	12.20%	0.00%	8.79%	7.52%	0.00%	0.00%
RYMKX Rydex Russell 2000 1.5x Strategy Fund	0.66%	0.84%	1.30%	0.21%	0.00%	57.14%	0.29%	0.00%	0.00%	0.00%	9.87%	8.26%

Frequently Asked Questions

Can I hold both DXNLX and RYMKX in my portfolio?

DXNLX and RYMKX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXNLX or RYMKX?

DXNLX has higher volatility (6.96%) compared to RYMKX (5.74%). In terms of maximum drawdown, DXNLX dropped -43.77% vs RYMKX's -77.57%.

Which has better risk-adjusted returns?

RYMKX currently has the higher Sharpe Ratio (1.58 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.