DXQLX vs. DXKLX

Last updated Jul 14, 2026

DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) are both mutual funds - DXQLX is a Leveraged Equities fund managed by Direxion, while DXKLX is a Leveraged Bonds fund managed by Direxion. Over the past 10 years, DXQLX returned 34.30%/yr vs -3.55%/yr for DXKLX. At a correlation of -0.22, they often move in opposite directions. DXQLX charges 1.39%/yr vs 1.35%/yr for DXKLX.

Performance

DXQLX vs. DXKLX - 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 Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXQLX achieves a 28.38% return, which is significantly higher than DXKLX's -4.60% return. Over the past 10 years, DXQLX has outperformed DXKLX with an annualized return of 34.30%, while DXKLX has yielded a comparatively lower -3.55% annualized return.

DXQLX

• 1D: 0.53%
• 1M: 0.80%
• 6M: 23.99%
• YTD: 28.38%
• 1Y: 50.32%
• 3Y*: 39.45%
• 5Y*: 18.32%
• 10Y*: 34.30%

DXKLX

• 1D: -0.20%
• 1M: -0.97%
• 6M: -4.49%
• YTD: -4.60%
• 1Y: -0.82%
• 3Y*: -1.19%
• 5Y*: -8.35%
• 10Y*: -3.55%

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

DXQLX vs. DXKLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	28.38%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-7.68%	68.61%
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	-4.60%	7.74%	-7.56%	-0.43%	-29.87%	-8.83%	16.79%	11.77%	-1.10%	2.73%

Correlation

The correlation between DXQLX and DXKLX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 1, 2006	-0.22

The correlation between DXQLX and DXKLX shifts across timeframes, from -0.22 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DXQLX vs. DXKLX — Risk / Return Rank

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

DXQLX

DXQLX Risk / Return Rank: 46
DXQLX Sharpe Ratio Rank: 47
DXQLX Sortino Ratio Rank: 41
DXQLX Omega Ratio Rank: 42
DXQLX Calmar Ratio Rank: 55
DXQLX Martin Ratio Rank: 48

DXKLX

DXKLX Risk / Return Rank: 2
DXKLX Sharpe Ratio Rank: 2
DXKLX Sortino Ratio Rank: 2
DXKLX Omega Ratio Rank: 2
DXKLX Calmar Ratio Rank: 2
DXKLX Martin Ratio Rank: 2

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. DXKLX - 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 Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX). 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	DXKLX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.20	+1.74
Sortino ratio: Return per unit of downside risk	2.04	-0.23	+2.27
Omega ratio: Gain probability vs. loss probability	1.27	0.97	+0.29
Calmar ratio: Return relative to maximum drawdown	2.28	-0.20	+2.48
Martin ratio: Return relative to average drawdown	7.87	-0.48	+8.35

DXQLX vs. DXKLX - Sharpe Ratio Comparison

The current DXQLX Sharpe Ratio is 1.54, which is higher than the DXKLX Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of DXQLX and DXKLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXQLX vs. DXKLX - Drawdown Comparison

The maximum DXQLX drawdown since its inception was -92.39%, which is greater than DXKLX's maximum drawdown of -47.64%. Use the drawdown chart below to compare losses from any high point for DXQLX and DXKLX.

Drawdown Indicators

	DXQLX	DXKLX	Difference
Max Drawdown Largest peak-to-trough decline	-92.39%	-47.64%	-44.75%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-8.26%	-13.62%
Max Drawdown (3Y) Largest decline over 3 years	-37.99%	-14.57%	-23.42%
Max Drawdown (5Y) Largest decline over 5 years	-60.79%	-42.57%	-18.22%
Max Drawdown (10Y) Largest decline over 10 years	-60.79%	-47.64%	-13.15%
Current Drawdown Current decline from peak	-5.15%	-42.76%	+37.61%
Average Drawdown Average peak-to-trough decline	-25.99%	-15.15%	-10.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	3.50%	+2.83%

Volatility

DXQLX vs. DXKLX - Volatility Comparison

Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 15.21% compared to Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) at 2.76%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than DXKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQLX	DXKLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.21%	2.76%	+12.45%
Volatility (6M) Calculated over the trailing 6-month period	26.77%	6.31%	+20.46%
Volatility (1Y) Calculated over the trailing 1-year period	32.46%	8.26%	+24.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.73%	14.00%	+28.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.60%	12.41%	+32.19%

DXQLX vs. DXKLX - Expense Ratio Comparison

DXQLX has a 1.39% expense ratio, which is higher than DXKLX's 1.35% expense ratio.

Dividends

DXQLX vs. DXKLX - Dividend Comparison

DXQLX's dividend yield for the trailing twelve months is around 11.52%, more than DXKLX's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	1.79%	13.38%	1.11%	0.00%	0.00%	0.00%	4.39%	7.54%	0.00%	0.00%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	11.52%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%

Frequently Asked Questions

Can I hold both DXQLX and DXKLX in my portfolio?

DXQLX and DXKLX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXQLX or DXKLX?

DXQLX has higher volatility (15.21%) compared to DXKLX (2.76%). In terms of maximum drawdown, DXQLX dropped -92.39% vs DXKLX's -47.64%.

Which has better risk-adjusted returns?

DXQLX currently has the higher Sharpe Ratio (1.54 vs -0.20), 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.