DXQLX vs. ^XNDX

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and NASDAQ 100 Total Return Index (^XNDX).

DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.

Performance

DXQLX vs. ^XNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and NASDAQ 100 Total Return Index (^XNDX). The values are adjusted to include any dividend payments, if applicable.

DXQLX vs. ^XNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	-11.33%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%
^XNDX NASDAQ 100 Total Return Index	-4.70%	21.02%	25.88%	55.13%	-32.38%	27.51%	48.88%	39.46%	0.04%	32.99%

Returns By Period

In the year-to-date period, DXQLX achieves a -11.33% return, which is significantly lower than ^XNDX's -4.70% return. Over the past 10 years, DXQLX has outperformed ^XNDX with an annualized return of 29.62%, while ^XNDX has yielded a comparatively lower 19.24% annualized return.

DXQLX

• 1D: 6.38%
• 1M: -9.02%
• YTD: -11.33%
• 6M: -9.50%
• 1Y: 34.39%
• 3Y*: 32.72%
• 5Y*: 14.44%
• 10Y*: 29.62%

^XNDX

• 1D: 1.19%
• 1M: -3.81%
• YTD: -4.70%
• 6M: -2.83%
• 1Y: 24.44%
• 3Y*: 23.09%
• 5Y*: 13.39%
• 10Y*: 19.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DXQLX vs. ^XNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXQLX

DXQLX Risk / Return Rank: 55
DXQLX Sharpe Ratio Rank: 42
DXQLX Sortino Ratio Rank: 56
DXQLX Omega Ratio Rank: 50
DXQLX Calmar Ratio Rank: 68
DXQLX Martin Ratio Rank: 58

^XNDX

^XNDX Risk / Return Rank: 78
^XNDX Sharpe Ratio Rank: 72
^XNDX Sortino Ratio Rank: 77
^XNDX Omega Ratio Rank: 75
^XNDX Calmar Ratio Rank: 81
^XNDX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXQLX vs. ^XNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and NASDAQ 100 Total Return Index (^XNDX). 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.

	DXQLX	^XNDX	Difference
Sharpe ratio Return per unit of total volatility	0.90	1.08	-0.18
Sortino ratio Return per unit of downside risk	1.56	1.67	-0.11
Omega ratio Gain probability vs. loss probability	1.21	1.24	-0.02
Calmar ratio Return relative to maximum drawdown	1.64	2.00	-0.36
Martin ratio Return relative to average drawdown	5.76	7.48	-1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXQLX vs. ^XNDX - Sharpe Ratio Comparison

The current DXQLX Sharpe Ratio is 0.90, which is comparable to the ^XNDX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DXQLX and ^XNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXQLX	^XNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.08	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.59	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.86	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.70	-0.68

Correlation

The correlation between DXQLX and ^XNDX is 0.96, 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.

Drawdowns

DXQLX vs. ^XNDX - Drawdown Comparison

The maximum DXQLX drawdown since its inception was -97.24%, which is greater than ^XNDX's maximum drawdown of -53.42%. Use the drawdown chart below to compare losses from any high point for DXQLX and ^XNDX.

Drawdown Indicators

	DXQLX	^XNDX	Difference
Max Drawdown Largest peak-to-trough decline	-97.24%	-53.42%	-43.82%
Max Drawdown (1Y) Largest decline over 1 year	-22.05%	-12.71%	-9.34%
Max Drawdown (5Y) Largest decline over 5 years	-60.79%	-35.04%	-25.75%
Max Drawdown (10Y) Largest decline over 10 years	-87.23%	-35.04%	-52.19%
Current Drawdown Current decline from peak	-16.89%	-7.75%	-9.14%
Average Drawdown Average peak-to-trough decline	-66.35%	-7.73%	-58.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	3.40%	+2.89%

Volatility

DXQLX vs. ^XNDX - Volatility Comparison

Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 11.85% compared to NASDAQ 100 Total Return Index (^XNDX) at 6.65%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than ^XNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQLX	^XNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	6.65%	+5.20%
Volatility (6M) Calculated over the trailing 6-month period	22.83%	12.93%	+9.90%
Volatility (1Y) Calculated over the trailing 1-year period	40.60%	22.77%	+17.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.31%	22.61%	+19.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	316.45%	22.48%	+293.97%