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 0.98, 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:
1.29
SSO:
2.00
DXSLX:
1.68
SSO:
2.52
DXSLX:
1.25
SSO:
1.35
DXSLX:
1.59
SSO:
2.96
DXSLX:
7.63
SSO:
12.20
DXSLX:
4.04%
SSO:
4.05%
DXSLX:
23.80%
SSO:
24.76%
DXSLX:
-89.55%
SSO:
-84.67%
DXSLX:
-13.01%
SSO:
-6.00%
Returns By Period
In the year-to-date period, DXSLX achieves a 27.64% return, which is significantly lower than SSO's 45.03% return. Over the past 10 years, DXSLX has underperformed SSO with an annualized return of 14.08%, while SSO has yielded a comparatively higher 19.69% annualized return.
DXSLX
27.64%
-8.78%
3.04%
28.58%
15.70%
14.08%
SSO
45.03%
-0.63%
13.08%
49.39%
20.58%
19.69%
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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 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 0.51%, less than SSO's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.51% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.58% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
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
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 11.73% compared to ProShares Ultra S&P 500 (SSO) at 7.27%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.