DXSLX vs. RYNVX
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and Rydex Nova Fund (RYNVX).
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. RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993.
Performance
DXSLX vs. RYNVX - Performance Comparison
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DXSLX vs. RYNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | -8.90% | 25.05% | 37.66% | 39.91% | -37.35% | 59.07% | 27.52% | 61.52% | -14.82% | 98.50% |
RYNVX Rydex Nova Fund | -7.55% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
Returns By Period
In the year-to-date period, DXSLX achieves a -8.90% return, which is significantly lower than RYNVX's -7.55% return. Over the past 10 years, DXSLX has outperformed RYNVX with an annualized return of 24.53%, while RYNVX has yielded a comparatively lower 16.69% annualized return.
DXSLX
- 1D
- 5.41%
- 1M
- -9.20%
- YTD
- -8.90%
- 6M
- -6.42%
- 1Y
- 24.35%
- 3Y*
- 25.29%
- 5Y*
- 13.86%
- 10Y*
- 24.53%
RYNVX
- 1D
- 4.35%
- 1M
- -7.82%
- YTD
- -7.55%
- 6M
- -5.46%
- 1Y
- 20.66%
- 3Y*
- 22.42%
- 5Y*
- 12.78%
- 10Y*
- 16.69%
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DXSLX vs. RYNVX - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than RYNVX's 1.23% expense ratio.
Return for Risk
DXSLX vs. RYNVX — Risk / Return Rank
DXSLX
RYNVX
DXSLX vs. RYNVX - 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 Rydex Nova Fund (RYNVX). 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 | RYNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.78 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.26 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.25 | +0.01 |
Martin ratioReturn relative to average drawdown | 5.87 | 5.59 | +0.28 |
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 | RYNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.78 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.50 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.61 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.39 | +0.06 |
Correlation
The correlation between DXSLX and RYNVX is 0.99, 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. RYNVX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 8.37%, more than RYNVX's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 8.37% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
RYNVX Rydex Nova Fund | 0.82% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
Drawdowns
DXSLX vs. RYNVX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -91.80%, which is greater than RYNVX's maximum drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for DXSLX and RYNVX.
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Drawdown Indicators
| DXSLX | RYNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -76.54% | -15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -21.12% | -17.91% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -44.67% | -40.92% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -61.09% | -48.58% | -12.51% |
Current DrawdownCurrent decline from peak | -11.78% | -10.09% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -19.72% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 3.99% | +0.52% |
Volatility
DXSLX vs. RYNVX - Volatility Comparison
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 9.70% compared to Rydex Nova Fund (RYNVX) at 8.01%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than RYNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSLX | RYNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 8.01% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 14.28% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.63% | 27.47% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 25.96% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.60% | 27.36% | +11.24% |