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 | 15.16% | 20.10% |
| 1Y Return | 44.25% | 111.06% |
| 3Y Return (Ann) | 9.59% | 9.09% |
| 5Y Return (Ann) | 20.73% | 32.70% |
| 10Y Return (Ann) | 19.35% | 37.89% |
| Sharpe Ratio | 2.22 | 2.36 |
| Daily Std Dev | 20.27% | 48.43% |
| Max Drawdown | -89.91% | -81.66% |
| Current Drawdown | -0.96% | -29.72% |
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 15.16% return, which is significantly lower than TQQQ's 20.10% return. Over the past 10 years, DXSLX has underperformed TQQQ with an annualized return of 19.35%, while TQQQ has yielded a comparatively higher 37.89% 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 0.57%, less than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% | 5.23% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
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. 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 5.97%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.81%. 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.