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.
Key characteristics
| DXNLX | SSO | |
|---|---|---|
| YTD Return | 27.25% | 46.72% |
| 1Y Return | 42.77% | 73.14% |
| 3Y Return (Ann) | 5.12% | 10.54% |
| 5Y Return (Ann) | 19.45% | 22.90% |
| Sharpe Ratio | 2.02 | 3.02 |
| Sortino Ratio | 2.63 | 3.61 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 2.15 | 2.83 |
| Martin Ratio | 9.18 | 18.73 |
| Ulcer Index | 4.84% | 3.95% |
| Daily Std Dev | 21.97% | 24.56% |
| Max Drawdown | -47.71% | -84.67% |
| Current Drawdown | -0.30% | 0.00% |
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
In the year-to-date period, DXNLX achieves a 27.25% return, which is significantly lower than SSO's 46.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.17%, less than SSO's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.17% | 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 | 0.70% | 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 6.24%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.85%. 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.