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.
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
Key characteristics
DXNLX:
1.48
TQQQ:
1.37
DXNLX:
1.99
TQQQ:
1.84
DXNLX:
1.27
TQQQ:
1.25
DXNLX:
1.97
TQQQ:
1.55
DXNLX:
6.81
TQQQ:
5.79
DXNLX:
4.89%
TQQQ:
12.58%
DXNLX:
22.50%
TQQQ:
53.25%
DXNLX:
-47.71%
TQQQ:
-81.66%
DXNLX:
-4.54%
TQQQ:
-11.00%
Returns By Period
In the year-to-date period, DXNLX achieves a 30.79% return, which is significantly lower than TQQQ's 65.52% return.
DXNLX
30.79%
3.54%
8.80%
31.38%
18.63%
N/A
TQQQ
65.52%
6.50%
12.39%
66.67%
32.06%
35.36%
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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 0.88% 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 | 0.88% | 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 6.60%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. 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.