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.
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.
Performance
DXQLX vs. TQQQ - Performance Comparison
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Key characteristics
DXQLX:
0.28
TQQQ:
0.02
DXQLX:
0.72
TQQQ:
0.56
DXQLX:
1.10
TQQQ:
1.08
DXQLX:
0.34
TQQQ:
0.04
DXQLX:
1.06
TQQQ:
0.09
DXQLX:
12.18%
TQQQ:
21.82%
DXQLX:
45.54%
TQQQ:
74.54%
DXQLX:
-95.28%
TQQQ:
-81.66%
DXQLX:
-17.55%
TQQQ:
-36.39%
Returns By Period
In the year-to-date period, DXQLX achieves a -9.96% return, which is significantly higher than TQQQ's -25.26% return. Over the past 10 years, DXQLX has underperformed TQQQ with an annualized return of 21.71%, while TQQQ has yielded a comparatively higher 29.89% annualized return.
DXQLX
-9.96%
7.89%
-11.20%
12.70%
19.65%
21.71%
TQQQ
-25.26%
12.09%
-28.29%
1.68%
26.88%
29.89%
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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 1.06%, less than TQQQ's 1.67% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 1.06% | 0.33% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.67% | 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 -95.28%, 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.
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Volatility
DXQLX vs. TQQQ - Volatility Comparison
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