DXQLX vs. TQQQ
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and ProShares UltraPro QQQ (TQQQ).
DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXQLX or TQQQ.
Key characteristics
| DXQLX | TQQQ | |
|---|---|---|
| YTD Return | 40.63% | 63.76% |
| 1Y Return | 61.03% | 106.42% |
| 3Y Return (Ann) | 2.16% | 0.86% |
| 5Y Return (Ann) | 26.92% | 35.83% |
| 10Y Return (Ann) | 23.99% | 35.69% |
| Sharpe Ratio | 1.96 | 2.03 |
| Sortino Ratio | 2.48 | 2.40 |
| Omega Ratio | 1.34 | 1.33 |
| Calmar Ratio | 1.64 | 1.95 |
| Martin Ratio | 8.97 | 8.43 |
| Ulcer Index | 6.71% | 12.40% |
| Daily Std Dev | 30.65% | 51.63% |
| Max Drawdown | -91.88% | -81.66% |
| Current Drawdown | -0.41% | -4.17% |
Correlation
The correlation between DXQLX and TQQQ 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. TQQQ - Performance Comparison
In the year-to-date period, DXQLX achieves a 40.63% return, which is significantly lower than TQQQ's 63.76% return. Over the past 10 years, DXQLX has underperformed TQQQ with an annualized return of 23.99%, while TQQQ has yielded a comparatively higher 35.69% 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. TQQQ - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DXQLX vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.32%, less than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
DXQLX vs. TQQQ - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -91.88%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DXQLX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
DXQLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 8.87%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. This indicates that DXQLX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.