DXRLX vs. PHPIX

Last updated Jun 25, 2026

DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) and PHPIX (ProFunds Pharmaceuticals UltraSector Fund) are both Leveraged Equities funds. Over the past 10 years, DXRLX returned 13.73%/yr vs 7.76%/yr for PHPIX. A 0.57 correlation means they provide meaningful diversification when combined. DXRLX charges 1.35%/yr vs 1.78%/yr for PHPIX.

Performance

DXRLX vs. PHPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) and ProFunds Pharmaceuticals UltraSector Fund (PHPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXRLX achieves a 33.73% return, which is significantly higher than PHPIX's 16.91% return. Over the past 10 years, DXRLX has outperformed PHPIX with an annualized return of 13.73%, while PHPIX has yielded a comparatively lower 7.76% annualized return.

DXRLX

• 1D: -1.66%
• 1M: 6.28%
• YTD: 33.73%
• 6M: 27.73%
• 1Y: 66.95%
• 3Y*: 25.41%
• 5Y*: 2.34%
• 10Y*: 13.73%

PHPIX

• 1D: 2.87%
• 1M: 14.01%
• YTD: 16.91%
• 6M: 12.56%
• 1Y: 79.27%
• 3Y*: 18.39%
• 5Y*: 9.96%
• 10Y*: 7.76%

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

DXRLX vs. PHPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	33.73%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%
PHPIX ProFunds Pharmaceuticals UltraSector Fund	16.91%	41.41%	1.36%	-11.28%	-10.73%	28.10%	15.48%	19.98%	-14.91%	10.19%

Correlation

The correlation between DXRLX and PHPIX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 28, 2000	0.57

The correlation between DXRLX and PHPIX shifts across timeframes, from 0.57 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DXRLX vs. PHPIX — Risk / Return Rank

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

DXRLX

DXRLX Risk / Return Rank: 65
DXRLX Sharpe Ratio Rank: 64
DXRLX Sortino Ratio Rank: 54
DXRLX Omega Ratio Rank: 46
DXRLX Calmar Ratio Rank: 85
DXRLX Martin Ratio Rank: 77

PHPIX

PHPIX Risk / Return Rank: 82
PHPIX Sharpe Ratio Rank: 88
PHPIX Sortino Ratio Rank: 77
PHPIX Omega Ratio Rank: 64
PHPIX Calmar Ratio Rank: 93
PHPIX Martin Ratio Rank: 90

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.

DXRLX vs. PHPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) and ProFunds Pharmaceuticals UltraSector Fund (PHPIX). 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.

	DXRLX	PHPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.59	-0.53
Sortino ratio: Return per unit of downside risk	2.68	3.29	-0.61
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.67	4.72	-1.05
Martin ratio: Return relative to average drawdown	12.85	16.44	-3.59

DXRLX vs. PHPIX - Sharpe Ratio Comparison

The current DXRLX Sharpe Ratio is 2.06, which is comparable to the PHPIX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of DXRLX and PHPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXRLX vs. PHPIX - Drawdown Comparison

The maximum DXRLX drawdown since its inception was -94.32%, which is greater than PHPIX's maximum drawdown of -77.37%. Use the drawdown chart below to compare losses from any high point for DXRLX and PHPIX.

Drawdown Indicators

	DXRLX	PHPIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.32%	-77.37%	-16.95%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-17.65%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-45.58%	-35.00%	-10.58%
Max Drawdown (5Y) Largest decline over 5 years	-57.64%	-39.21%	-18.43%
Max Drawdown (10Y) Largest decline over 10 years	-77.63%	-45.46%	-32.17%
Current Drawdown Current decline from peak	-1.66%	0.00%	-1.66%
Average Drawdown Average peak-to-trough decline	-34.54%	-31.64%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	5.06%	+0.46%

Volatility

DXRLX vs. PHPIX - Volatility Comparison

Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a higher volatility of 11.42% compared to ProFunds Pharmaceuticals UltraSector Fund (PHPIX) at 9.62%. This indicates that DXRLX's price experiences larger fluctuations and is considered to be riskier than PHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXRLX	PHPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	9.62%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	25.12%	24.81%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	34.50%	32.19%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.74%	28.40%	+13.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	27.94%	+21.28%

DXRLX vs. PHPIX - Expense Ratio Comparison

DXRLX has a 1.35% expense ratio, which is lower than PHPIX's 1.78% expense ratio.

Dividends

DXRLX vs. PHPIX - Dividend Comparison

DXRLX's dividend yield for the trailing twelve months is around 1.56%, more than PHPIX's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.56%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%	0.00%	0.00%	0.00%
PHPIX ProFunds Pharmaceuticals UltraSector Fund	0.76%	0.89%	1.06%	0.48%	0.00%	11.83%	0.38%	0.00%	4.17%	0.00%	0.00%	0.08%

Frequently Asked Questions

Can I hold both DXRLX and PHPIX in my portfolio?

DXRLX and PHPIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXRLX or PHPIX?

DXRLX has higher volatility (11.42%) compared to PHPIX (9.62%). In terms of maximum drawdown, DXRLX dropped -94.32% vs PHPIX's -77.37%.

Which has better risk-adjusted returns?

PHPIX currently has the higher Sharpe Ratio (2.59 vs 2.06), 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.