DXQLX vs. SMPIX

Last updated Jun 24, 2026

DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) are both Leveraged Equities funds. Over the past 10 years, DXQLX returned 35.37%/yr vs 20.71%/yr for SMPIX. Their correlation of 0.82 suggests significant overlap in exposure. DXQLX charges 1.39%/yr vs 1.52%/yr for SMPIX.

Performance

DXQLX vs. SMPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXQLX achieves a 32.69% return, which is significantly lower than SMPIX's 80.13% return. Over the past 10 years, DXQLX has outperformed SMPIX with an annualized return of 35.37%, while SMPIX has yielded a comparatively lower 20.71% annualized return.

DXQLX

• 1D: -0.38%
• 1M: 4.57%
• YTD: 32.69%
• 6M: 29.56%
• 1Y: 66.28%
• 3Y*: 42.09%
• 5Y*: 20.86%
• 10Y*: 35.37%

SMPIX

• 1D: 1.05%
• 1M: 13.00%
• YTD: 80.13%
• 6M: 76.63%
• 1Y: 170.88%
• 3Y*: -6.27%
• 5Y*: 2.00%
• 10Y*: 20.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXQLX vs. SMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	32.69%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class	80.13%	56.35%	-77.32%	155.37%	-54.31%	80.17%	60.77%	77.97%	-17.56%	42.78%

Correlation

The correlation between DXQLX and SMPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 1, 2006	0.82

The correlation between DXQLX and SMPIX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

DXQLX vs. SMPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXQLX

DXQLX Risk / Return Rank: 62
DXQLX Sharpe Ratio Rank: 70
DXQLX Sortino Ratio Rank: 50
DXQLX Omega Ratio Rank: 53
DXQLX Calmar Ratio Rank: 74
DXQLX Martin Ratio Rank: 60

SMPIX

SMPIX Risk / Return Rank: 89
SMPIX Sharpe Ratio Rank: 97
SMPIX Sortino Ratio Rank: 77
SMPIX Omega Ratio Rank: 78
SMPIX Calmar Ratio Rank: 98
SMPIX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXQLX vs. SMPIX - 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 ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX). 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	SMPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	3.42	-1.18
Sortino ratio: Return per unit of downside risk	2.74	3.37	-0.63
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	3.18	7.67	-4.48
Martin ratio: Return relative to average drawdown	11.33	22.13	-10.80

DXQLX vs. SMPIX - Sharpe Ratio Comparison

The current DXQLX Sharpe Ratio is 2.24, which is lower than the SMPIX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of DXQLX and SMPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXQLX vs. SMPIX - Drawdown Comparison

The maximum DXQLX drawdown since its inception was -96.04%, roughly equal to the maximum SMPIX drawdown of -94.52%. Use the drawdown chart below to compare losses from any high point for DXQLX and SMPIX.

Drawdown Indicators

	DXQLX	SMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.04%	-94.52%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-22.72%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-37.99%	-94.52%	+56.53%
Max Drawdown (5Y) Largest decline over 5 years	-60.79%	-94.52%	+33.73%
Max Drawdown (10Y) Largest decline over 10 years	-87.23%	-94.52%	+7.29%
Current Drawdown Current decline from peak	-1.97%	-72.81%	+70.84%
Average Drawdown Average peak-to-trough decline	-51.48%	-57.64%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	7.85%	-1.72%

Volatility

DXQLX vs. SMPIX - Volatility Comparison

The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 14.93%, while ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a volatility of 23.65%. This indicates that DXQLX experiences smaller price fluctuations and is considered to be less risky than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQLX	SMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.93%	23.65%	-8.72%
Volatility (6M) Calculated over the trailing 6-month period	24.95%	40.05%	-15.10%
Volatility (1Y) Calculated over the trailing 1-year period	31.12%	50.99%	-19.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.53%	71.47%	-28.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.85%	59.64%	+79.21%

DXQLX vs. SMPIX - Expense Ratio Comparison

DXQLX has a 1.39% expense ratio, which is lower than SMPIX's 1.52% expense ratio.

Dividends

DXQLX vs. SMPIX - Dividend Comparison

DXQLX's dividend yield for the trailing twelve months is around 11.15%, more than SMPIX's 7.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	11.15%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%	0.00%	0.00%
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class	7.23%	13.02%	0.16%	0.00%	0.00%	6.57%	0.00%	2.26%	40.03%	0.11%	0.45%	0.68%

Frequently Asked Questions

Can I hold both DXQLX and SMPIX in my portfolio?

DXQLX and SMPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXQLX or SMPIX?

SMPIX has higher volatility (23.65%) compared to DXQLX (14.93%). In terms of maximum drawdown, DXQLX dropped -96.04% vs SMPIX's -94.52%.

Which has better risk-adjusted returns?

SMPIX currently has the higher Sharpe Ratio (3.42 vs 2.24), 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.