DXQLX vs. UHPIX
DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and UHPIX (ProFunds UltraShort China) are both mutual funds - DXQLX is a Leveraged Equities fund managed by Direxion, while UHPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, DXQLX returned 35.37%/yr vs -30.50%/yr for UHPIX. At a correlation of -0.61, they often move in opposite directions. DXQLX charges 1.39%/yr vs 1.78%/yr for UHPIX.
Performance
DXQLX vs. UHPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DXQLX achieves a 32.69% return, which is significantly lower than UHPIX's 51.66% return. Over the past 10 years, DXQLX has outperformed UHPIX with an annualized return of 35.37%, while UHPIX has yielded a comparatively lower -30.50% annualized return.
DXQLX
- 1D
- -0.38%
- 1M
- 4.57%
- YTD
- 32.69%
- 6M
- 29.56%
- 1Y
- 66.28%
- 3Y*
- 42.09%
- 5Y*
- 20.86%
- 10Y*
- 35.37%
UHPIX
- 1D
- 1.27%
- 1M
- 23.55%
- YTD
- 51.66%
- 6M
- 55.38%
- 1Y
- 15.20%
- 3Y*
- -26.17%
- 5Y*
- -23.80%
- 10Y*
- -30.50%
DXQLX vs. UHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 32.69% | 29.99% | 39.26% | 97.59% | -57.72% | 55.98% | 100.94% | 79.36% | -81.54% | 743.06% |
UHPIX ProFunds UltraShort China | 51.66% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
Correlation
The correlation between DXQLX and UHPIX is -0.46, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008 | -0.61 |
The correlation between DXQLX and UHPIX shifts across timeframes, from -0.61 (all time) to -0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXQLX vs. UHPIX — Risk / Return Rank
DXQLX
UHPIX
DXQLX vs. UHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and ProFunds UltraShort China (UHPIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXQLX | UHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 0.27 | +2.92 |
| Martin ratioReturn relative to average drawdown | 11.33 | 0.50 | +10.84 |
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Drawdowns
DXQLX vs. UHPIX - Drawdown Comparison
The maximum DXQLX drawdown since its inception was -96.04%, roughly equal to the maximum UHPIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for DXQLX and UHPIX.
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Drawdown Indicators
| DXQLX | UHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.04% | -99.98% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -44.95% | +23.07% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -80.96% | +42.97% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | -96.64% | +35.85% |
Max Drawdown (10Y)Largest decline over 10 years | -87.23% | -98.81% | +11.58% |
Current DrawdownCurrent decline from peak | -1.97% | -99.95% | +97.98% |
Average DrawdownAverage peak-to-trough decline | -51.48% | -93.42% | +41.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 26.07% | -19.94% |
Volatility
DXQLX vs. UHPIX - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 14.93% compared to ProFunds UltraShort China (UHPIX) at 11.67%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than UHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXQLX | UHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 11.67% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 37.96% | -13.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.12% | 52.67% | -21.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 82.99% | -40.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.85% | 228.63% | -89.78% |
DXQLX vs. UHPIX - Expense Ratio Comparison
DXQLX has a 1.39% expense ratio, which is lower than UHPIX's 1.78% expense ratio.
Dividends
DXQLX vs. UHPIX - Dividend Comparison
DXQLX's dividend yield for the trailing twelve months is around 11.15%, more than UHPIX's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 11.15% | 14.50% | 0.33% | 0.00% | 0.00% | 11.75% | 10.90% | 3.37% | 7.37% | 5.72% |
UHPIX ProFunds UltraShort China | 2.83% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% | 0.00% | 0.00% |
Frequently Asked Questions
DXQLX and UHPIX have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXQLX has higher volatility (14.93%) compared to UHPIX (11.67%). In terms of maximum drawdown, DXQLX dropped -96.04% vs UHPIX's -99.98%.
DXQLX currently has the higher Sharpe Ratio (2.24 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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