Correlation
The correlation between DXNLX and VOO 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. VOO
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and Vanguard S&P 500 ETF (VOO).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or VOO.
Performance
DXNLX vs. VOO - Performance Comparison
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Key characteristics
DXNLX:
0.49
VOO:
0.74
DXNLX:
0.80
VOO:
1.04
DXNLX:
1.11
VOO:
1.15
DXNLX:
0.47
VOO:
0.68
DXNLX:
1.47
VOO:
2.58
DXNLX:
9.00%
VOO:
4.93%
DXNLX:
32.40%
VOO:
19.54%
DXNLX:
-43.78%
VOO:
-33.99%
DXNLX:
-5.69%
VOO:
-3.55%
Returns By Period
In the year-to-date period, DXNLX achieves a 0.49% return, which is significantly lower than VOO's 0.90% return.
DXNLX
0.49%
11.16%
0.75%
15.73%
21.03%
19.34%
N/A
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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DXNLX vs. VOO - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DXNLX vs. VOO — Risk-Adjusted Performance Rank
DXNLX
VOO
DXNLX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
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Dividends
DXNLX vs. VOO - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.81%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
DXNLX vs. VOO - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.78%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DXNLX and VOO.
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Volatility
DXNLX vs. VOO - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.91% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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