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.
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.
Performance
DXSLX vs. TQQQ - Performance Comparison
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Key characteristics
DXSLX:
0.50
TQQQ:
0.18
DXSLX:
0.85
TQQQ:
0.68
DXSLX:
1.12
TQQQ:
1.09
DXSLX:
0.48
TQQQ:
0.13
DXSLX:
1.73
TQQQ:
0.33
DXSLX:
8.79%
TQQQ:
22.59%
DXSLX:
35.77%
TQQQ:
75.89%
DXSLX:
-89.91%
TQQQ:
-81.66%
DXSLX:
-7.92%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, DXSLX achieves a -1.19% return, which is significantly higher than TQQQ's -11.28% return. Over the past 10 years, DXSLX has underperformed TQQQ with an annualized return of 18.30%, while TQQQ has yielded a comparatively higher 31.28% annualized return.
DXSLX
-1.19%
9.27%
-5.84%
16.27%
17.17%
23.22%
18.30%
TQQQ
-11.28%
23.30%
-11.83%
13.44%
30.10%
28.60%
31.28%
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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 12.21%, more than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 12.21% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% |
TQQQ ProShares UltraPro QQQ | 1.41% | 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 -89.91%, 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.
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Volatility
DXSLX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 8.16%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.41%. 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.
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