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.
Key characteristics
| DXNLX | TQQQ | |
|---|---|---|
| YTD Return | 29.84% | 64.96% |
| 1Y Return | 46.96% | 119.79% |
| 3Y Return (Ann) | 6.21% | 0.92% |
| 5Y Return (Ann) | 19.90% | 36.02% |
| Sharpe Ratio | 2.07 | 2.20 |
| Sortino Ratio | 2.68 | 2.54 |
| Omega Ratio | 1.36 | 1.34 |
| Calmar Ratio | 2.20 | 2.04 |
| Martin Ratio | 9.41 | 9.24 |
| Ulcer Index | 4.84% | 12.40% |
| Daily Std Dev | 22.02% | 52.07% |
| Max Drawdown | -47.71% | -81.66% |
| Current Drawdown | 0.00% | -3.47% |
Correlation
The correlation between DXNLX and TQQQ is 0.99, 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. TQQQ - Performance Comparison
In the year-to-date period, DXNLX achieves a 29.84% return, which is significantly lower than TQQQ's 64.96% 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. 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 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.
Dividends
DXNLX vs. TQQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.15% | 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 -47.71%, 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. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.42%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. 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.