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.
Performance
DXNLX vs. TQQQ - Performance Comparison
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DXNLX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -8.07% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 112.91% |
Returns By Period
In the year-to-date period, DXNLX achieves a -8.07% return, which is significantly higher than TQQQ's -17.87% return.
DXNLX
- 1D
- 4.35%
- 1M
- -6.44%
- YTD
- -8.07%
- 6M
- -6.58%
- 1Y
- 24.75%
- 3Y*
- 24.29%
- 5Y*
- 12.62%
- 10Y*
- —
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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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.
Return for Risk
DXNLX vs. TQQQ — Risk / Return Rank
DXNLX
TQQQ
DXNLX vs. TQQQ - Risk-Adjusted Trends 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.
| DXNLX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.72 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.41 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.41 | +0.23 |
Martin ratioReturn relative to average drawdown | 5.71 | 4.28 | +1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXNLX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.72 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.20 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.65 | +0.08 |
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.
Dividends
DXNLX vs. TQQQ - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 1.08%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.08% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
DXNLX vs. TQQQ - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, 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.
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Drawdown Indicators
| DXNLX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -81.66% | +37.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -36.97% | +21.04% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -81.66% | +37.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -12.25% | -28.08% | +15.83% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -18.66% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 12.13% | -7.58% |
Volatility
DXNLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 8.28%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. 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.
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Volatility by Period
| DXNLX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 19.74% | -11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 38.50% | -22.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.24% | 67.35% | -39.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.28% | 66.53% | -38.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.97% | 65.83% | -36.86% |