DXSLX vs. DXQLX
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. 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: DXSLX or DXQLX.
Key characteristics
| DXSLX | DXQLX | |
|---|---|---|
| YTD Return | 14.24% | 11.60% |
| 1Y Return | 43.86% | 60.78% |
| 3Y Return (Ann) | 9.30% | 10.97% |
| 5Y Return (Ann) | 20.99% | 30.94% |
| 10Y Return (Ann) | 19.26% | 30.21% |
| Sharpe Ratio | 2.14 | 2.09 |
| Daily Std Dev | 20.30% | 28.65% |
| Max Drawdown | -89.91% | -90.82% |
| Current Drawdown | -1.76% | -9.08% |
Correlation
The correlation between DXSLX and DXQLX is 0.89, 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.
Performance
DXSLX vs. DXQLX - Performance Comparison
In the year-to-date period, DXSLX achieves a 14.24% return, which is significantly higher than DXQLX's 11.60% return. Over the past 10 years, DXSLX has underperformed DXQLX with an annualized return of 19.26%, while DXQLX has yielded a comparatively higher 30.21% 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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DXSLX vs. DXQLX - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is lower than DXQLX's 1.39% expense ratio.
Risk-Adjusted Performance
DXSLX vs. DXQLX - Risk-Adjusted Performance 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 1.75X Fund (DXQLX). 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
DXSLX vs. DXQLX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 0.57%, more than DXQLX's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% | 5.23% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.41% | 0.00% | 0.00% | 11.75% | 10.90% | 3.37% | 7.37% | 5.72% | 0.00% | 0.00% | 1.16% | 0.00% |
Drawdowns
DXSLX vs. DXQLX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.91%, roughly equal to the maximum DXQLX drawdown of -90.82%. Use the drawdown chart below to compare losses from any high point for DXSLX and DXQLX. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. DXQLX - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 6.43%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 9.42%. This indicates that DXSLX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.