DXSLX vs. TQQQ
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and ProShares UltraPro QQQ (TQQQ).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXSLX or TQQQ.
Key characteristics
| DXSLX | TQQQ | |
|---|---|---|
| YTD Return | 41.23% | 59.60% |
| 1Y Return | 55.21% | 88.74% |
| 3Y Return (Ann) | 5.85% | 0.01% |
| 5Y Return (Ann) | 19.58% | 34.59% |
| 10Y Return (Ann) | 15.22% | 35.45% |
| Sharpe Ratio | 2.62 | 1.74 |
| Sortino Ratio | 3.27 | 2.17 |
| Omega Ratio | 1.46 | 1.29 |
| Calmar Ratio | 2.29 | 1.75 |
| Martin Ratio | 16.31 | 7.20 |
| Ulcer Index | 3.41% | 12.41% |
| Daily Std Dev | 21.26% | 51.33% |
| Max Drawdown | -89.55% | -81.66% |
| Current Drawdown | -1.50% | -6.61% |
Correlation
The correlation between DXSLX and TQQQ is 0.89, 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. TQQQ - Performance Comparison
In the year-to-date period, DXSLX achieves a 41.23% return, which is significantly lower than TQQQ's 59.60% return. Over the past 10 years, DXSLX has underperformed TQQQ with an annualized return of 15.22%, while TQQQ has yielded a comparatively higher 35.45% 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. TQQQ - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DXSLX vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 0.46%, less than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
DXSLX vs. TQQQ - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.55%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DXSLX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 6.58%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that DXSLX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.