DXNLX vs. SSO
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra S&P 500 (SSO).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or SSO.
Correlation
The correlation between DXNLX and SSO is 0.89, 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. SSO - Performance Comparison
Key characteristics
DXNLX:
1.48
SSO:
2.04
DXNLX:
1.99
SSO:
2.57
DXNLX:
1.27
SSO:
1.36
DXNLX:
1.97
SSO:
3.03
DXNLX:
6.81
SSO:
12.52
DXNLX:
4.89%
SSO:
4.04%
DXNLX:
22.50%
SSO:
24.81%
DXNLX:
-47.71%
SSO:
-84.67%
DXNLX:
-4.54%
SSO:
-5.21%
Returns By Period
In the year-to-date period, DXNLX achieves a 30.79% return, which is significantly lower than SSO's 46.24% return.
DXNLX
30.79%
3.54%
8.80%
31.38%
18.63%
N/A
SSO
46.24%
-0.89%
14.51%
47.14%
20.76%
19.76%
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DXNLX vs. SSO - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
DXNLX vs. SSO - 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 ProShares Ultra S&P 500 (SSO). 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. SSO - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than SSO's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.16% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.57% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
Drawdowns
DXNLX vs. SSO - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for DXNLX and SSO. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. SSO - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.60%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.48%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.