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.
Correlation
The correlation between DXQLX and QQQ 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. QQQ - Performance Comparison
Key characteristics
DXQLX:
1.47
QQQ:
1.64
DXQLX:
1.95
QQQ:
2.19
DXQLX:
1.26
QQQ:
1.30
DXQLX:
1.47
QQQ:
2.16
DXQLX:
6.83
QQQ:
7.79
DXQLX:
6.79%
QQQ:
3.76%
DXQLX:
31.53%
QQQ:
17.85%
DXQLX:
-91.88%
QQQ:
-82.98%
DXQLX:
-6.22%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, DXQLX achieves a 42.61% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, DXQLX has outperformed QQQ with an annualized return of 24.00%, while QQQ has yielded a comparatively lower 18.36% annualized return.
DXQLX
42.61%
4.87%
11.60%
43.42%
24.83%
24.00%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
DXQLX vs. QQQ - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.32%, less than QQQ's 0.43% 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% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DXQLX vs. QQQ - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -91.88%, 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. For additional features, visit the drawdowns tool.
Volatility
DXQLX vs. QQQ - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 9.11% compared to Invesco QQQ (QQQ) at 5.29%. 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.