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:
1.13
SSO:
1.81
DXSLX:
1.51
SSO:
2.32
DXSLX:
1.22
SSO:
1.32
DXSLX:
1.54
SSO:
2.76
DXSLX:
5.33
SSO:
10.75
DXSLX:
5.18%
SSO:
4.28%
DXSLX:
24.36%
SSO:
25.49%
DXSLX:
-89.55%
SSO:
-84.67%
DXSLX:
-12.76%
SSO:
-5.15%
Returns By Period
In the year-to-date period, DXSLX achieves a 1.85% return, which is significantly lower than SSO's 1.99% return. Over the past 10 years, DXSLX has underperformed SSO with an annualized return of 14.82%, while SSO has yielded a comparatively higher 20.53% annualized return.
DXSLX
1.85%
-3.93%
-0.36%
28.46%
14.31%
14.82%
SSO
1.99%
-4.66%
9.94%
47.15%
19.28%
20.53%
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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 1.80%, more than SSO's 0.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 1.80% | 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 | 0.84% | 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 8.74%, while ProShares Ultra S&P 500 (SSO) has a volatility of 9.88%. 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.