DXQLX vs. TSLA
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and Tesla, Inc. (TSLA).
DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXQLX or TSLA.
Key characteristics
| DXQLX | TSLA | |
|---|---|---|
| YTD Return | 41.20% | 29.27% |
| 1Y Return | 66.91% | 52.98% |
| 3Y Return (Ann) | 2.22% | -1.99% |
| 5Y Return (Ann) | 26.99% | 70.37% |
| 10Y Return (Ann) | 24.25% | 34.45% |
| Sharpe Ratio | 2.09 | 0.74 |
| Sortino Ratio | 2.61 | 1.49 |
| Omega Ratio | 1.35 | 1.18 |
| Calmar Ratio | 1.67 | 0.68 |
| Martin Ratio | 9.63 | 1.95 |
| Ulcer Index | 6.71% | 22.86% |
| Daily Std Dev | 30.89% | 60.53% |
| Max Drawdown | -91.88% | -73.63% |
| Current Drawdown | 0.00% | -21.65% |
Correlation
The correlation between DXQLX and TSLA is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DXQLX vs. TSLA - Performance Comparison
In the year-to-date period, DXQLX achieves a 41.20% return, which is significantly higher than TSLA's 29.27% return. Over the past 10 years, DXQLX has underperformed TSLA with an annualized return of 24.25%, while TSLA has yielded a comparatively higher 34.45% 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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Risk-Adjusted Performance
DXQLX vs. TSLA - 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 Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 0.32%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.32% | 0.00% | 0.00% | 0.00% | 0.28% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DXQLX vs. TSLA - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -91.88%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for DXQLX and TSLA. For additional features, visit the drawdowns tool.
Volatility
DXQLX vs. TSLA - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) is 8.91%, while Tesla, Inc. (TSLA) has a volatility of 28.02%. This indicates that DXQLX experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.