DXQLX vs. DXNLX
DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds from Direxion. Over the past 5 years, DXQLX returned 20.86%/yr vs 17.55%/yr for DXNLX. With a 1.00 correlation, they move nearly in lockstep. DXQLX charges 1.39%/yr vs 1.19%/yr for DXNLX.
Performance
DXQLX vs. DXNLX - 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 DXNLX's 23.70% 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%
DXNLX
- 1D
- -0.29%
- 1M
- 3.40%
- YTD
- 23.70%
- 6M
- 21.61%
- 1Y
- 46.08%
- 3Y*
- 30.69%
- 5Y*
- 17.55%
- 10Y*
- —
DXQLX vs. DXNLX - 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% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 23.70% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
Correlation
The correlation between DXQLX and DXNLX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 1.00 |
The correlation between DXQLX and DXNLX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
DXQLX vs. DXNLX — Risk / Return Rank
DXQLX
DXNLX
DXQLX vs. DXNLX - 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 NASDAQ-100 Bull 1.25X Fund (DXNLX). 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 | DXNLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.03 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.33 | 10.87 | +0.46 |
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Drawdowns
DXQLX vs. DXNLX - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -96.04%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for DXQLX and DXNLX.
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Drawdown Indicators
| DXQLX | DXNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.04% | -43.77% | -52.27% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -15.91% | -5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -28.35% | -9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | -43.77% | -17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -87.23% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.41% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -51.48% | -8.67% | -42.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 4.42% | +1.71% |
Volatility
DXQLX vs. DXNLX - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 14.93% compared to Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) at 10.58%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQLX | DXNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 10.58% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 17.78% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.12% | 22.17% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 28.56% | +13.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.85% | 28.94% | +109.91% |
DXQLX vs. DXNLX - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than DXNLX's 1.19% expense ratio.
Dividends
DXQLX vs. DXNLX - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 11.15%, more than DXNLX's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.81% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% |
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
With a correlation of 1.00, DXQLX and DXNLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DXQLX has higher volatility (14.93%) compared to DXNLX (10.58%). In terms of maximum drawdown, DXQLX dropped -96.04% vs DXNLX's -43.77%.
DXQLX currently has the higher Sharpe Ratio (2.24 vs 2.18), 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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