DXQLX vs. QLD
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and ProShares Ultra QQQ (QLD).
DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
DXQLX vs. QLD - Performance Comparison
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DXQLX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | -16.65% | 29.99% | 39.26% | 97.59% | -57.72% | 55.98% | 100.94% | 79.36% | -81.54% | 743.06% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, DXQLX achieves a -16.65% return, which is significantly lower than QLD's -13.35% return. Both investments have delivered pretty close results over the past 10 years, with DXQLX having a 28.82% annualized return and QLD not far ahead at 29.40%.
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%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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DXQLX vs. QLD - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than QLD's 0.95% expense ratio.
Return for Risk
DXQLX vs. QLD — Risk / Return Rank
DXQLX
QLD
DXQLX vs. QLD - 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 ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.84 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.43 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.49 | -0.50 |
Martin ratioReturn relative to average drawdown | 3.53 | 4.88 | -1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXQLX | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.84 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.34 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.66 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.53 | -0.52 |
Correlation
The correlation between DXQLX and QLD 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. QLD - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 17.75%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
DXQLX vs. QLD - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -97.24%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DXQLX and QLD.
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Drawdown Indicators
| DXQLX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.24% | -83.13% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -25.13% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | -63.68% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -87.23% | -63.68% | -23.55% |
Current DrawdownCurrent decline from peak | -21.88% | -20.10% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -66.36% | -18.30% | -48.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 7.67% | -1.47% |
Volatility
DXQLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 9.63%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that DXQLX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQLX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 12.96% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.96% | 25.55% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.19% | 44.91% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.24% | 44.77% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 316.44% | 44.47% | +271.97% |