Correlation
The correlation between DXQLX and QQQ is 0.89, 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.
DXQLX vs. QQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and Invesco QQQ (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXQLX or QQQ.
Performance
DXQLX vs. QQQ - Performance Comparison
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Key characteristics
DXQLX:
0.44
QQQ:
0.62
DXQLX:
0.84
QQQ:
0.92
DXQLX:
1.12
QQQ:
1.13
DXQLX:
0.44
QQQ:
0.60
DXQLX:
1.35
QQQ:
1.94
DXQLX:
12.38%
QQQ:
7.02%
DXQLX:
46.26%
QQQ:
25.59%
DXQLX:
-95.03%
QQQ:
-82.98%
DXQLX:
-8.69%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, DXQLX achieves a -0.28% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, DXQLX has outperformed QQQ with an annualized return of 27.48%, while QQQ has yielded a comparatively lower 17.69% annualized return.
DXQLX
-0.28%
13.21%
0.04%
20.44%
26.36%
25.87%
27.48%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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DXQLX vs. QQQ - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DXQLX vs. QQQ — Risk-Adjusted Performance Rank
DXQLX
QQQ
DXQLX vs. QQQ - 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 Invesco QQQ (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.
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Dividends
DXQLX vs. QQQ - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.96% | 0.33% | 0.00% | 0.00% | 11.76% | 10.90% | 3.38% | 7.37% | 5.72% | 0.00% | 2.40% | 1.16% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DXQLX vs. QQQ - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -95.03%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DXQLX and QQQ.
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Volatility
DXQLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 9.46% compared to Invesco QQQ (QQQ) at 5.62%. 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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