DXQLX vs. VONE

Last updated Jun 4, 2026

DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) and VONE (Vanguard Russell 1000 ETF) are both funds - DXQLX is a Leveraged Equities fund managed by Direxion, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, DXQLX returned 35.37%/yr vs 15.25%/yr for VONE. Their correlation of 0.88 suggests significant overlap in exposure. DXQLX charges 1.39%/yr vs 0.08%/yr for VONE.

Performance

DXQLX vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXQLX achieves a 35.36% return, which is significantly higher than VONE's 10.56% return. Over the past 10 years, DXQLX has outperformed VONE with an annualized return of 35.37%, while VONE has yielded a comparatively lower 15.25% annualized return.

DXQLX

• 1D: 0.81%
• 1M: 18.74%
• YTD: 35.36%
• 6M: 31.80%
• 1Y: 71.91%
• 3Y*: 44.83%
• 5Y*: 23.91%
• 10Y*: 35.37%

VONE

• 1D: -0.70%
• 1M: 4.95%
• YTD: 10.56%
• 6M: 10.53%
• 1Y: 27.04%
• 3Y*: 22.12%
• 5Y*: 13.08%
• 10Y*: 15.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXQLX vs. VONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	35.36%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%
VONE Vanguard Russell 1000 ETF	10.56%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%

Correlation

The correlation between DXQLX and VONE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.88

The correlation between DXQLX and VONE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

DXQLX vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXQLX

DXQLX Risk / Return Rank: 67
DXQLX Sharpe Ratio Rank: 82
DXQLX Sortino Ratio Rank: 57
DXQLX Omega Ratio Rank: 56
DXQLX Calmar Ratio Rank: 75
DXQLX Martin Ratio Rank: 64

VONE

VONE Risk / Return Rank: 67
VONE Sharpe Ratio Rank: 67
VONE Sortino Ratio Rank: 66
VONE Omega Ratio Rank: 66
VONE Calmar Ratio Rank: 61
VONE Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXQLX vs. VONE - 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 Vanguard Russell 1000 ETF (VONE). 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.

	DXQLX	VONE	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.27	+0.39
Sortino ratio: Return per unit of downside risk	3.19	3.13	+0.06
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	3.41	3.07	+0.34
Martin ratio: Return relative to average drawdown	12.47	14.15	-1.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXQLX vs. VONE - Sharpe Ratio Comparison

The current DXQLX Sharpe Ratio is 2.66, which is comparable to the VONE Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of DXQLX and VONE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DXQLX	VONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.27	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.77	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.84	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.85	-0.74

Drawdowns

DXQLX vs. VONE - Drawdown Comparison

The maximum DXQLX drawdown since its inception was -96.04%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for DXQLX and VONE.

Drawdown Indicators

	DXQLX	VONE	Difference
Max Drawdown Largest peak-to-trough decline	-96.04%	-34.66%	-61.38%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-8.85%	-13.03%
Max Drawdown (3Y) Largest decline over 3 years	-37.99%	-19.06%	-18.93%
Max Drawdown (5Y) Largest decline over 5 years	-60.79%	-25.12%	-35.67%
Max Drawdown (10Y) Largest decline over 10 years	-87.23%	-34.66%	-52.57%
Current Drawdown Current decline from peak	0.00%	-0.70%	+0.70%
Average Drawdown Average peak-to-trough decline	-51.61%	-3.91%	-47.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	1.92%	+4.05%

Volatility

DXQLX vs. VONE - Volatility Comparison

Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a higher volatility of 7.58% compared to Vanguard Russell 1000 ETF (VONE) at 2.82%. This indicates that DXQLX's price experiences larger fluctuations and is considered to be riskier than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXQLX	VONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	2.82%	+4.76%
Volatility (6M) Calculated over the trailing 6-month period	21.24%	8.99%	+12.25%
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	11.97%	+16.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.14%	17.08%	+25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.65%	18.25%	+120.40%

DXQLX vs. VONE - Expense Ratio Comparison

DXQLX has a 1.39% expense ratio, which is higher than VONE's 0.08% expense ratio.

Dividends

DXQLX vs. VONE - Dividend Comparison

DXQLX's dividend yield for the trailing twelve months is around 10.93%, more than VONE's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	10.93%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%	0.00%	0.00%
VONE Vanguard Russell 1000 ETF	0.99%	1.07%	1.20%	1.40%	1.59%	1.16%	1.45%	1.65%	1.96%	1.69%	1.89%	1.89%

Frequently Asked Questions

Can I hold both DXQLX and VONE in my portfolio?

With a correlation of 0.93, DXQLX and VONE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DXQLX or VONE?

DXQLX has higher volatility (7.58%) compared to VONE (2.82%). In terms of maximum drawdown, DXQLX dropped -96.04% vs VONE's -34.66%.

Which has better risk-adjusted returns?

DXQLX currently has the higher Sharpe Ratio (2.66 vs 2.27), 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.