DXQLX vs. QLD
DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds. Over the past 10 years, DXQLX returned 35.84%/yr vs 37.21%/yr for QLD. With a 0.98 correlation, they move nearly in lockstep. DXQLX charges 1.39%/yr vs 0.95%/yr for QLD.
Performance
DXQLX vs. QLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXQLX achieves a 33.20% return, which is significantly lower than QLD's 38.76% return. Both investments have delivered pretty close results over the past 10 years, with DXQLX having a 35.84% annualized return and QLD not far ahead at 37.21%.
DXQLX
- 1D
- 4.37%
- 1M
- 4.98%
- YTD
- 33.20%
- 6M
- 31.15%
- 1Y
- 69.94%
- 3Y*
- 41.20%
- 5Y*
- 21.69%
- 10Y*
- 35.84%
QLD
- 1D
- -0.23%
- 1M
- 4.92%
- YTD
- 38.76%
- 6M
- 36.36%
- 1Y
- 82.33%
- 3Y*
- 46.92%
- 5Y*
- 23.39%
- 10Y*
- 37.21%
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 | 33.20% | 29.99% | 39.26% | 97.59% | -57.72% | 55.98% | 100.94% | 79.36% | -81.54% | 743.06% |
QLD ProShares Ultra QQQ | 38.76% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between DXQLX and QLD 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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | 0.98 |
The correlation between DXQLX and QLD has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.29 | -0.14 |
| Martin ratioReturn relative to average drawdown | 11.23 | 11.19 | +0.04 |
Loading charts...
Drawdowns
DXQLX vs. QLD - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -96.04%, 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.
Loading charts...
Drawdown Indicators
| DXQLX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.04% | -83.13% | -12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -25.13% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -42.29% | +4.30% |
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 | -1.59% | -2.83% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -51.49% | -18.14% | -33.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 7.38% | -1.25% |
Volatility
DXQLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 15.11%, while ProShares Ultra QQQ (QLD) has a volatility of 16.77%. 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.
Loading charts...
Volatility by Period
| DXQLX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 16.77% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 25.22% | 28.19% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.07% | 35.17% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.52% | 45.24% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.77% | 44.82% | +93.95% |
DXQLX vs. QLD - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than QLD's 0.95% expense ratio.
Dividends
DXQLX vs. QLD - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 11.11%, more than QLD's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 11.11% | 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 | 0.12% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Frequently Asked Questions
With a correlation of 1.00, DXQLX and QLD 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.
QLD has higher volatility (16.77%) compared to DXQLX (15.11%). In terms of maximum drawdown, DXQLX dropped -96.04% vs QLD's -83.13%.
QLD currently has the higher Sharpe Ratio (2.36 vs 2.22), 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.
Find the right allocation for DXQLX and QLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer