DXQLX vs. BIPIX
DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both Leveraged Equities funds. Over the past 10 years, DXQLX returned 35.37%/yr vs 10.07%/yr for BIPIX. A 0.63 correlation means they provide meaningful diversification when combined. DXQLX charges 1.39%/yr vs 1.49%/yr for BIPIX.
Performance
DXQLX vs. BIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXQLX achieves a 32.69% return, which is significantly higher than BIPIX's 26.92% return. Over the past 10 years, DXQLX has outperformed BIPIX with an annualized return of 35.37%, while BIPIX has yielded a comparatively lower 10.07% annualized return.
DXQLX
- 1D
- -0.38%
- 1M
- 4.57%
- YTD
- 32.69%
- 6M
- 29.56%
- 1Y
- 66.28%
- 3Y*
- 42.09%
- 5Y*
- 20.86%
- 10Y*
- 35.37%
BIPIX
- 1D
- 5.61%
- 1M
- 16.04%
- YTD
- 26.92%
- 6M
- 22.43%
- 1Y
- 123.77%
- 3Y*
- 12.83%
- 5Y*
- 3.11%
- 10Y*
- 10.07%
DXQLX vs. BIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 32.69% | 29.99% | 39.26% | 97.59% | -57.72% | 55.98% | 100.94% | 79.36% | -81.54% | 743.06% |
BIPIX ProFunds Biotechnology UltraSector Fund | 26.92% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between DXQLX and BIPIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.63 |
Over the past year, the correlation between DXQLX and BIPIX has dropped to 0.41 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
DXQLX vs. BIPIX — Risk / Return Rank
DXQLX
BIPIX
DXQLX vs. BIPIX - 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 ProFunds Biotechnology UltraSector Fund (BIPIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXQLX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 8.17 | -4.98 |
| Martin ratioReturn relative to average drawdown | 11.33 | 23.86 | -12.53 |
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Drawdowns
DXQLX vs. BIPIX - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -96.04%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for DXQLX and BIPIX.
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Drawdown Indicators
| DXQLX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.04% | -84.51% | -11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -15.15% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -59.50% | +21.51% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | -63.86% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -87.23% | -63.86% | -23.37% |
Current DrawdownCurrent decline from peak | -1.97% | 0.00% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -51.48% | -37.17% | -14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 5.18% | +0.95% |
Volatility
DXQLX vs. BIPIX - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and ProFunds Biotechnology UltraSector Fund (BIPIX) have volatilities of 14.93% and 14.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQLX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 14.94% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 31.88% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.12% | 39.78% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 40.00% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.85% | 36.52% | +102.33% |
DXQLX vs. BIPIX - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is lower than BIPIX's 1.49% expense ratio.
Dividends
DXQLX vs. BIPIX - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 11.15%, more than BIPIX's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.29% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 11.15% | 14.50% | 0.33% | 0.00% | 0.00% | 11.75% | 10.90% | 3.37% | 7.37% | 5.72% |
Frequently Asked Questions
DXQLX and BIPIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (14.94%) compared to DXQLX (14.93%). In terms of maximum drawdown, DXQLX dropped -96.04% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (3.12 vs 2.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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