Correlation
The correlation between DXQLX and TQQQ is 0.90, 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. 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.
Performance
DXQLX vs. TQQQ - Performance Comparison
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Key characteristics
DXQLX:
0.44
TQQQ:
0.18
DXQLX:
0.84
TQQQ:
0.68
DXQLX:
1.12
TQQQ:
1.09
DXQLX:
0.44
TQQQ:
0.13
DXQLX:
1.35
TQQQ:
0.33
DXQLX:
12.38%
TQQQ:
22.59%
DXQLX:
46.26%
TQQQ:
75.89%
DXQLX:
-95.03%
TQQQ:
-81.66%
DXQLX:
-8.69%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, DXQLX achieves a -0.28% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, DXQLX has underperformed TQQQ with an annualized return of 27.48%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
DXQLX
-0.28%
13.21%
0.04%
20.44%
26.36%
25.87%
27.48%
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
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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 Rank
DXQLX
TQQQ
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.
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Dividends
DXQLX vs. TQQQ - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.96%, less than TQQQ's 1.41% 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% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 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 -95.03%, 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.
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Volatility
DXQLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 9.46%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. 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.
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