DXQLX vs. MQQQ

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and Tradr 2X Long Triple Q Monthly ETF (MQQQ).

DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. MQQQ is a passively managed fund by AXS that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Aug 30, 2024.

Performance

DXQLX vs. MQQQ - 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 Tradr 2X Long Triple Q Monthly ETF (MQQQ). The values are adjusted to include any dividend payments, if applicable.

DXQLX vs. MQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	-16.65%	29.99%	17.80%
MQQQ Tradr 2X Long Triple Q Monthly ETF	-13.37%	31.67%	19.72%

Returns By Period

In the year-to-date period, DXQLX achieves a -16.65% return, which is significantly lower than MQQQ's -13.37% return.

DXQLX

• 1D: -1.45%
• 1M: -14.31%
• YTD: -16.65%
• 6M: -14.21%
• 1Y: 28.10%
• 3Y*: 30.01%
• 5Y*: 13.83%
• 10Y*: 28.82%

MQQQ

• 1D: 7.39%
• 1M: -10.23%
• YTD: -13.37%
• 6M: -10.92%
• 1Y: 39.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DXQLX vs. MQQQ - Expense Ratio Comparison

DXQLX has a 1.39% expense ratio, which is higher than MQQQ's 1.30% expense ratio.

DXQLX

Direxion Monthly NASDAQ-100 Bull 1.75X Fund

MQQQ

Tradr 2X Long Triple Q Monthly ETF

Return for Risk

DXQLX vs. MQQQ — Risk / Return Rank

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

DXQLX

DXQLX Risk / Return Rank: 38
DXQLX Sharpe Ratio Rank: 31
DXQLX Sortino Ratio Rank: 45
DXQLX Omega Ratio Rank: 41
DXQLX Calmar Ratio Rank: 38
DXQLX Martin Ratio Rank: 33

MQQQ

MQQQ Risk / Return Rank: 56
MQQQ Sharpe Ratio Rank: 47
MQQQ Sortino Ratio Rank: 58
MQQQ Omega Ratio Rank: 57
MQQQ Calmar Ratio Rank: 62
MQQQ Martin Ratio Rank: 56

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. MQQQ - 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 Tradr 2X Long Triple Q Monthly ETF (MQQQ). 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	MQQQ	Difference
Sharpe ratio Return per unit of total volatility	0.70	0.85	-0.14
Sortino ratio Return per unit of downside risk	1.31	1.48	-0.17
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	0.99	1.56	-0.56
Martin ratio Return relative to average drawdown	3.53	5.32	-1.80
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. MQQQ - Sharpe Ratio Comparison

The current DXQLX Sharpe Ratio is 0.70, which is comparable to the MQQQ Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of DXQLX and MQQQ, 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	MQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.85	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.50	-0.49

Correlation

The correlation between DXQLX and MQQQ is 0.97, 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.

Dividends

DXQLX vs. MQQQ - Dividend Comparison

DXQLX's dividend yield for the trailing twelve months is around 17.75%, more than MQQQ's 2.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	17.75%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%
MQQQ Tradr 2X Long Triple Q Monthly ETF	2.33%	2.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DXQLX vs. MQQQ - Drawdown Comparison

The maximum DXQLX drawdown since its inception was -97.24%, which is greater than MQQQ's maximum drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for DXQLX and MQQQ.

Drawdown Indicators

	DXQLX	MQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-97.24%	-42.16%	-55.08%
Max Drawdown (1Y) Largest decline over 1 year	-22.05%	-25.23%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-60.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.23%	—	—
Current Drawdown Current decline from peak	-21.88%	-19.70%	-2.18%
Average Drawdown Average peak-to-trough decline	-66.36%	-7.59%	-58.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	7.38%	-1.18%

Volatility

DXQLX vs. MQQQ - Volatility Comparison

The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 9.63%, while Tradr 2X Long Triple Q Monthly ETF (MQQQ) has a volatility of 13.68%. This indicates that DXQLX experiences smaller price fluctuations and is considered to be less risky than MQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQLX	MQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.63%	13.68%	-4.05%
Volatility (6M) Calculated over the trailing 6-month period	21.96%	26.36%	-4.40%
Volatility (1Y) Calculated over the trailing 1-year period	40.19%	46.76%	-6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.24%	44.30%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	316.44%	44.30%	+272.14%