Correlation
The correlation between DXNLX and TQQQ 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. TQQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares UltraPro QQQ (TQQQ).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or TQQQ.
Performance
DXNLX vs. TQQQ - Performance Comparison
Loading data...
Key characteristics
DXNLX:
0.49
TQQQ:
0.18
DXNLX:
0.80
TQQQ:
0.68
DXNLX:
1.11
TQQQ:
1.09
DXNLX:
0.47
TQQQ:
0.13
DXNLX:
1.47
TQQQ:
0.33
DXNLX:
9.00%
TQQQ:
22.59%
DXNLX:
32.40%
TQQQ:
75.89%
DXNLX:
-43.78%
TQQQ:
-81.66%
DXNLX:
-5.69%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, DXNLX achieves a 0.49% return, which is significantly higher than TQQQ's -11.28% return.
DXNLX
0.49%
11.16%
0.75%
15.73%
21.03%
19.34%
N/A
TQQQ
-11.28%
27.55%
-11.83%
13.32%
30.10%
28.60%
31.28%
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. TQQQ - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DXNLX vs. TQQQ — Risk-Adjusted Performance Rank
DXNLX
TQQQ
DXNLX vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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.
Loading data...
Dividends
DXNLX vs. TQQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.81%, more than TQQQ's 1.41% 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% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
DXNLX vs. TQQQ - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.78%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DXNLX and TQQQ.
Loading data...
Volatility
DXNLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.91%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...