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 | 41.23% | 38.64% |
| 1Y Return | 55.21% | 53.19% |
| 3Y Return (Ann) | 5.85% | 1.72% |
| 5Y Return (Ann) | 19.58% | 26.19% |
| 10Y Return (Ann) | 15.22% | 23.87% |
| Sharpe Ratio | 2.62 | 1.75 |
| Sortino Ratio | 3.27 | 2.27 |
| Omega Ratio | 1.46 | 1.31 |
| Calmar Ratio | 2.29 | 1.53 |
| Martin Ratio | 16.31 | 7.94 |
| Ulcer Index | 3.41% | 6.72% |
| Daily Std Dev | 21.26% | 30.49% |
| Max Drawdown | -89.55% | -91.88% |
| Current Drawdown | -1.50% | -1.81% |
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 41.23% return, which is significantly higher than DXQLX's 38.64% return. Over the past 10 years, DXSLX has underperformed DXQLX with an annualized return of 15.22%, while DXQLX has yielded a comparatively higher 23.87% 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 0.46%, more than DXQLX's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.46% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.33% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% |
Drawdowns
DXSLX vs. DXQLX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.55%, roughly equal to the maximum DXQLX drawdown of -91.88%. 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 6.58%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 8.58%. 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.