DXSLX vs. SSO
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and ProShares Ultra S&P 500 (SSO).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXSLX or SSO.
Correlation
The correlation between DXSLX and SSO 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.
Performance
DXSLX vs. SSO - Performance Comparison
Key characteristics
DXSLX:
-0.17
SSO:
0.03
DXSLX:
0.00
SSO:
0.31
DXSLX:
1.00
SSO:
1.05
DXSLX:
-0.16
SSO:
0.04
DXSLX:
-0.56
SSO:
0.15
DXSLX:
10.76%
SSO:
8.46%
DXSLX:
35.63%
SSO:
37.62%
DXSLX:
-89.55%
SSO:
-84.67%
DXSLX:
-30.24%
SSO:
-28.17%
Returns By Period
In the year-to-date period, DXSLX achieves a -18.55% return, which is significantly higher than SSO's -22.19% return. Over the past 10 years, DXSLX has underperformed SSO with an annualized return of 11.32%, while SSO has yielded a comparatively higher 16.27% annualized return.
DXSLX
-18.55%
-12.14%
-25.98%
-3.07%
17.61%
11.32%
SSO
-22.19%
-14.92%
-22.53%
4.88%
22.89%
16.27%
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DXSLX vs. SSO - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
DXSLX vs. SSO — Risk-Adjusted Performance Rank
DXSLX
SSO
DXSLX vs. SSO - 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 ProShares Ultra S&P 500 (SSO). 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. SSO - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 2.25%, more than SSO's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 2.25% | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 1.08% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
DXSLX vs. SSO - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.55%, which is greater than SSO's maximum drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for DXSLX and SSO. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. SSO - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 25.01%, while ProShares Ultra S&P 500 (SSO) has a volatility of 26.77%. This indicates that DXSLX experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.