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.
Key characteristics
| DXSLX | SSO | |
|---|---|---|
| YTD Return | 41.23% | 47.63% |
| 1Y Return | 55.21% | 64.73% |
| 3Y Return (Ann) | 5.85% | 10.97% |
| 5Y Return (Ann) | 19.58% | 22.60% |
| 10Y Return (Ann) | 15.22% | 20.36% |
| Sharpe Ratio | 2.62 | 2.71 |
| Sortino Ratio | 3.27 | 3.30 |
| Omega Ratio | 1.46 | 1.46 |
| Calmar Ratio | 2.29 | 3.16 |
| Martin Ratio | 16.31 | 16.55 |
| Ulcer Index | 3.41% | 3.96% |
| Daily Std Dev | 21.26% | 24.15% |
| Max Drawdown | -89.55% | -84.67% |
| Current Drawdown | -1.50% | -1.85% |
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
In the year-to-date period, DXSLX achieves a 41.23% return, which is significantly lower than SSO's 47.63% return. Over the past 10 years, DXSLX has underperformed SSO with an annualized return of 15.22%, while SSO has yielded a comparatively higher 20.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.46%, less than SSO's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.46% | 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 | 0.69% | 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
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 6.58%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.67%. 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.