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:
0.02
SSO:
0.03
DXNLX:
0.26
SSO:
0.31
DXNLX:
1.04
SSO:
1.05
DXNLX:
0.03
SSO:
0.04
DXNLX:
0.10
SSO:
0.15
DXNLX:
7.96%
SSO:
8.46%
DXNLX:
31.54%
SSO:
37.62%
DXNLX:
-47.71%
SSO:
-84.67%
DXNLX:
-22.15%
SSO:
-28.17%
Returns By Period
In the year-to-date period, DXNLX achieves a -17.04% return, which is significantly higher than SSO's -22.19% return.
DXNLX
-17.04%
-9.72%
-13.95%
3.12%
13.61%
N/A
SSO
-22.19%
-15.34%
-22.53%
3.06%
21.98%
16.37%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 Rank
DXNLX
SSO
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 3.41%, more than SSO's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 3.41% | 0.17% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 1.08% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
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 20.56%, while ProShares Ultra S&P 500 (SSO) has a volatility of 26.77%. 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.