DXSLX vs. ULPIX
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and ProFunds UltraBull Fund (ULPIX).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. ULPIX is managed by ProFunds. It was launched on Nov 25, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXSLX or ULPIX.
Key characteristics
| DXSLX | ULPIX | |
|---|---|---|
| YTD Return | 41.23% | 46.68% |
| 1Y Return | 55.21% | 63.51% |
| 3Y Return (Ann) | 5.85% | 6.73% |
| 5Y Return (Ann) | 19.58% | 14.80% |
| 10Y Return (Ann) | 15.22% | 15.92% |
| Sharpe Ratio | 2.62 | 2.55 |
| Sortino Ratio | 3.27 | 3.02 |
| Omega Ratio | 1.46 | 1.45 |
| Calmar Ratio | 2.29 | 2.21 |
| Martin Ratio | 16.31 | 16.22 |
| Ulcer Index | 3.41% | 3.95% |
| Daily Std Dev | 21.26% | 25.09% |
| Max Drawdown | -89.55% | -89.55% |
| Current Drawdown | -1.50% | -1.77% |
Correlation
The correlation between DXSLX and ULPIX is 0.98, 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. ULPIX - Performance Comparison
In the year-to-date period, DXSLX achieves a 41.23% return, which is significantly lower than ULPIX's 46.68% return. Both investments have delivered pretty close results over the past 10 years, with DXSLX having a 15.22% annualized return and ULPIX not far ahead at 15.92%. 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. ULPIX - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is lower than ULPIX's 1.46% expense ratio.
Risk-Adjusted Performance
DXSLX vs. ULPIX - 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 ProFunds UltraBull Fund (ULPIX). 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. ULPIX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 0.46%, less than ULPIX's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.46% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% |
ULPIX ProFunds UltraBull Fund | 0.61% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% |
Drawdowns
DXSLX vs. ULPIX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.55%, roughly equal to the maximum ULPIX drawdown of -89.55%. Use the drawdown chart below to compare losses from any high point for DXSLX and ULPIX. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. ULPIX - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 6.58%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 7.60%. This indicates that DXSLX experiences smaller price fluctuations and is considered to be less risky than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.