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.
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
Key characteristics
DXSLX:
1.29
DXQLX:
1.47
DXSLX:
1.68
DXQLX:
1.95
DXSLX:
1.25
DXQLX:
1.26
DXSLX:
1.59
DXQLX:
1.47
DXSLX:
7.63
DXQLX:
6.83
DXSLX:
4.04%
DXQLX:
6.79%
DXSLX:
23.80%
DXQLX:
31.53%
DXSLX:
-89.55%
DXQLX:
-91.88%
DXSLX:
-13.01%
DXQLX:
-6.22%
Returns By Period
In the year-to-date period, DXSLX achieves a 27.64% return, which is significantly lower than DXQLX's 42.61% return. Over the past 10 years, DXSLX has underperformed DXQLX with an annualized return of 14.08%, while DXQLX has yielded a comparatively higher 24.00% annualized return.
DXSLX
27.64%
-8.78%
3.04%
28.58%
15.70%
14.08%
DXQLX
42.61%
4.87%
11.60%
43.42%
24.83%
24.00%
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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 0.51%, more than DXQLX's 0.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.51% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.32% | 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
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 11.73% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 9.11%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.