DXSLX vs. SSO
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and ProShares Ultra S&P500 (SSO).
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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. Both DXSLX and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DXSLX vs. SSO - Performance Comparison
Loading graphics...
DXSLX vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | -13.57% | 25.05% | 37.66% | 39.91% | -37.35% | 59.07% | 27.52% | 61.52% | -14.82% | 98.50% |
SSO ProShares Ultra S&P500 | -10.23% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Returns By Period
In the year-to-date period, DXSLX achieves a -13.57% return, which is significantly lower than SSO's -10.23% return. Over the past 10 years, DXSLX has outperformed SSO with an annualized return of 23.88%, while SSO has yielded a comparatively lower 21.06% annualized return.
DXSLX
- 1D
- -0.71%
- 1M
- -13.82%
- YTD
- -13.57%
- 6M
- -10.69%
- 1Y
- 18.71%
- 3Y*
- 23.11%
- 5Y*
- 13.19%
- 10Y*
- 23.88%
SSO
- 1D
- 5.75%
- 1M
- -10.37%
- YTD
- -10.23%
- 6M
- -7.08%
- 1Y
- 26.35%
- 3Y*
- 28.27%
- 5Y*
- 15.34%
- 10Y*
- 21.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DXSLX vs. SSO - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than SSO's 0.87% expense ratio.
Return for Risk
DXSLX vs. SSO — Risk / Return Rank
DXSLX
SSO
DXSLX vs. SSO - 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 ProShares Ultra S&P500 (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.
| DXSLX | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.73 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.23 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.20 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.51 | 5.18 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DXSLX | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.73 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.46 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.59 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.38 | +0.06 |
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.
Dividends
DXSLX vs. SSO - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 8.82%, more than SSO'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 | 8.82% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
SSO ProShares Ultra S&P500 | 0.82% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
DXSLX vs. SSO - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -91.80%, 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.
Loading graphics...
Drawdown Indicators
| DXSLX | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -84.67% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -21.12% | -23.17% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -44.67% | -46.73% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -61.09% | -59.34% | -1.75% |
Current DrawdownCurrent decline from peak | -16.30% | -13.46% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -19.72% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 5.38% | -0.93% |
Volatility
DXSLX vs. SSO - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 7.65%, while ProShares Ultra S&P500 (SSO) has a volatility of 10.60%. 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.
Loading graphics...
Volatility by Period
| DXSLX | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 10.60% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 18.95% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.26% | 36.45% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 33.66% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.56% | 35.86% | +2.70% |