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.
Correlation
The correlation between DXSLX and TQQQ is 0.90, 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
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Key characteristics
DXSLX:
0.02
TQQQ:
0.02
DXSLX:
0.32
TQQQ:
0.56
DXSLX:
1.05
TQQQ:
1.08
DXSLX:
0.05
TQQQ:
0.04
DXSLX:
0.14
TQQQ:
0.09
DXSLX:
12.31%
TQQQ:
21.82%
DXSLX:
36.31%
TQQQ:
74.54%
DXSLX:
-89.55%
TQQQ:
-81.66%
DXSLX:
-21.17%
TQQQ:
-36.39%
Returns By Period
In the year-to-date period, DXSLX achieves a -7.97% return, which is significantly higher than TQQQ's -25.26% return. Over the past 10 years, DXSLX has underperformed TQQQ with an annualized return of 12.76%, while TQQQ has yielded a comparatively higher 29.89% annualized return.
DXSLX
-7.97%
6.38%
-19.23%
0.81%
18.85%
12.76%
TQQQ
-25.26%
12.09%
-28.29%
1.68%
26.88%
29.89%
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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 Rank
DXSLX
TQQQ
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.
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Dividends
DXSLX vs. TQQQ - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 1.99%, more than TQQQ's 1.67% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 1.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.67% | 1.27% | 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.
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Volatility
DXSLX vs. TQQQ - Volatility Comparison
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