DXQLX vs. QQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and Invesco QQQ ETF (QQQ).
DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
DXQLX vs. QQQ - Performance Comparison
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DXQLX vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, DXQLX achieves a -16.65% return, which is significantly lower than QQQ's -5.93% return. Over the past 10 years, DXQLX has outperformed QQQ with an annualized return of 28.82%, while QQQ has yielded a comparatively lower 18.85% annualized 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%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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DXQLX vs. QQQ - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
DXQLX vs. QQQ — Risk / Return Rank
DXQLX
QQQ
DXQLX vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.05 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.63 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.88 | -0.88 |
Martin ratioReturn relative to average drawdown | 3.53 | 6.95 | -3.42 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.05 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.58 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.85 | -0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.37 | -0.36 |
Correlation
The correlation between DXQLX and QQQ 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. QQQ - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 17.75%, more than QQQ's 0.49% 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% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
DXQLX vs. QQQ - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -97.24%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DXQLX and QQQ.
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Drawdown Indicators
| DXQLX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.24% | -82.97% | -14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -12.62% | -9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | -35.12% | -25.67% |
Max Drawdown (10Y)Largest decline over 10 years | -87.23% | -35.12% | -52.11% |
Current DrawdownCurrent decline from peak | -21.88% | -8.98% | -12.90% |
Average DrawdownAverage peak-to-trough decline | -66.36% | -32.99% | -33.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 3.41% | +2.79% |
Volatility
DXQLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 9.63% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQLX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 6.51% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 21.96% | 12.77% | +9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.19% | 22.67% | +17.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.24% | 22.39% | +19.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 316.44% | 22.25% | +294.19% |