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 | 15.75% | 25.64% |
| 1Y Return | 64.96% | 119.97% |
| 3Y Return (Ann) | 12.30% | 10.73% |
| 5Y Return (Ann) | 31.91% | 34.76% |
| 10Y Return (Ann) | 30.67% | 38.49% |
| Sharpe Ratio | 2.27 | 2.49 |
| Daily Std Dev | 28.70% | 48.60% |
| Max Drawdown | -90.82% | -81.66% |
| Current Drawdown | -5.69% | -26.48% |
Correlation
The correlation between DXQLX and TQQQ is 1.00, 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 15.75% return, which is significantly lower than TQQQ's 25.64% return. Over the past 10 years, DXQLX has underperformed TQQQ with an annualized return of 30.67%, while TQQQ has yielded a comparatively higher 38.49% 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 0.39%, less than TQQQ's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.39% | 0.00% | 0.00% | 11.75% | 10.90% | 3.37% | 7.37% | 5.72% | 0.00% | 0.00% | 1.16% |
TQQQ ProShares UltraPro QQQ | 1.11% | 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 -90.82%, 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 9.19%, 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.