DXSLX vs. DXNLX
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX).
DXSLX is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index. It was launched on May 1, 2006. DXNLX is managed by Direxion. It was launched on Mar 31, 2016.
Performance
DXSLX vs. DXNLX - Performance Comparison
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DXSLX vs. DXNLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | -13.57% | 25.05% | 37.66% | 39.91% | -37.35% | 59.07% | 27.52% | 61.52% | -14.82% | 95.25% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -11.90% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
Returns By Period
In the year-to-date period, DXSLX achieves a -13.57% return, which is significantly lower than DXNLX's -11.90% return.
DXSLX
- 1D
- -0.71%
- 1M
- -13.82%
- YTD
- -13.57%
- 6M
- -10.69%
- 1Y
- 18.71%
- 3Y*
- 23.11%
- 5Y*
- 13.19%
- 10Y*
- 23.88%
DXNLX
- 1D
- -0.99%
- 1M
- -10.20%
- YTD
- -11.90%
- 6M
- -9.94%
- 1Y
- 20.75%
- 3Y*
- 22.54%
- 5Y*
- 12.16%
- 10Y*
- —
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DXSLX vs. DXNLX - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than DXNLX's 1.19% expense ratio.
Return for Risk
DXSLX vs. DXNLX — Risk / Return Rank
DXSLX
DXNLX
DXSLX vs. DXNLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). 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.
| DXSLX | DXNLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.75 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.29 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.05 | -0.31 |
Martin ratioReturn relative to average drawdown | 3.51 | 3.72 | -0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXSLX | DXNLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.75 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.43 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.71 | -0.27 |
Correlation
The correlation between DXSLX and DXNLX is 0.91, 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.
Dividends
DXSLX vs. DXNLX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 8.82%, more than DXNLX's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 8.82% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.13% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
Drawdowns
DXSLX vs. DXNLX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -91.80%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for DXSLX and DXNLX.
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Drawdown Indicators
| DXSLX | DXNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -43.77% | -48.03% |
Max Drawdown (1Y)Largest decline over 1 year | -21.12% | -15.93% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -44.67% | -43.77% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -61.09% | — | — |
Current DrawdownCurrent decline from peak | -16.30% | -15.91% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -8.83% | -12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 4.49% | -0.04% |
Volatility
DXSLX vs. DXNLX - Volatility Comparison
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 7.65% compared to Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) at 6.78%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSLX | DXNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 6.78% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 15.55% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.26% | 27.97% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 28.22% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.56% | 28.94% | +9.62% |