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 0.89, 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
Key characteristics
DXSLX:
1.12
TQQQ:
1.23
DXSLX:
1.48
TQQQ:
1.72
DXSLX:
1.22
TQQQ:
1.23
DXSLX:
1.38
TQQQ:
1.40
DXSLX:
6.92
TQQQ:
5.25
DXSLX:
3.85%
TQQQ:
12.54%
DXSLX:
23.89%
TQQQ:
53.39%
DXSLX:
-89.55%
TQQQ:
-81.66%
DXSLX:
-14.49%
TQQQ:
-12.01%
Returns By Period
In the year-to-date period, DXSLX achieves a 25.47% return, which is significantly lower than TQQQ's 63.64% return. Over the past 10 years, DXSLX has underperformed TQQQ with an annualized return of 14.02%, while TQQQ has yielded a comparatively higher 35.21% annualized return.
DXSLX
25.47%
-9.75%
0.48%
25.41%
15.32%
14.02%
TQQQ
63.64%
8.34%
7.50%
63.33%
31.98%
35.21%
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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 0.52%, less than TQQQ's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 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 | 1.16% | 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 11.54%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.91%. 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.