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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXQLX or QLD.
Key characteristics
| DXQLX | QLD | |
|---|---|---|
| YTD Return | 40.25% | 45.15% |
| 1Y Return | 55.09% | 70.07% |
| 3Y Return (Ann) | 2.07% | 8.00% |
| 5Y Return (Ann) | 26.51% | 32.46% |
| 10Y Return (Ann) | 23.94% | 29.55% |
| Sharpe Ratio | 1.98 | 1.99 |
| Sortino Ratio | 2.50 | 2.47 |
| Omega Ratio | 1.34 | 1.33 |
| Calmar Ratio | 1.74 | 2.36 |
| Martin Ratio | 9.02 | 8.62 |
| Ulcer Index | 6.71% | 8.01% |
| Daily Std Dev | 30.64% | 34.69% |
| Max Drawdown | -91.88% | -83.13% |
| Current Drawdown | -0.68% | -0.48% |
Correlation
The correlation between DXQLX and QLD is 0.99, 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.
Performance
DXQLX vs. QLD - Performance Comparison
In the year-to-date period, DXQLX achieves a 40.25% return, which is significantly lower than QLD's 45.15% return. Over the past 10 years, DXQLX has underperformed QLD with an annualized return of 23.94%, while QLD has yielded a comparatively higher 29.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
DXQLX vs. QLD - Risk-Adjusted Performance 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.
Dividends
DXQLX vs. QLD - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.32%, more than QLD's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.32% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
DXQLX vs. QLD - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -91.88%, 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. For additional features, visit the drawdowns tool.
Volatility
DXQLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 8.45%, while ProShares Ultra QQQ (QLD) has a volatility of 9.79%. 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.