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 S&P 500 Index. It was launched on May 1, 2006. ULPIX is managed by ProFunds. It was launched on Nov 25, 1997.
Performance
DXSLX vs. ULPIX - Performance Comparison
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DXSLX vs. ULPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | -13.57% | 25.05% | 37.66% | 39.91% | -37.35% | 59.07% | 27.52% | 61.52% | -14.82% | 98.50% |
ULPIX ProFunds UltraBull Fund | -15.24% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
Returns By Period
In the year-to-date period, DXSLX achieves a -13.57% return, which is significantly higher than ULPIX's -15.24% return. Over the past 10 years, DXSLX has outperformed ULPIX with an annualized return of 23.88%, while ULPIX has yielded a comparatively lower 19.00% annualized return.
DXSLX
- 1D
- -0.71%
- 1M
- -13.82%
- YTD
- -13.57%
- 6M
- -10.69%
- 1Y
- 18.71%
- 3Y*
- 23.11%
- 5Y*
- 13.19%
- 10Y*
- 23.88%
ULPIX
- 1D
- -0.82%
- 1M
- -15.36%
- YTD
- -15.24%
- 6M
- -12.37%
- 1Y
- 18.93%
- 3Y*
- 23.76%
- 5Y*
- 13.19%
- 10Y*
- 19.00%
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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.
Return for Risk
DXSLX vs. ULPIX — Risk / Return Rank
DXSLX
ULPIX
DXSLX vs. ULPIX - Risk-Adjusted Trends 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.
| DXSLX | ULPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.56 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.02 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.66 | +0.08 |
Martin ratioReturn relative to average drawdown | 3.51 | 2.89 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXSLX | ULPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.56 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.39 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.54 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.22 | +0.22 |
Correlation
The correlation between DXSLX and ULPIX is 0.99, 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.
Dividends
DXSLX vs. ULPIX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 8.82%, less than ULPIX's 10.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 8.82% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
ULPIX ProFunds UltraBull Fund | 10.75% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
DXSLX vs. ULPIX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -91.80%, roughly equal to the maximum ULPIX drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for DXSLX and ULPIX.
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Drawdown Indicators
| DXSLX | ULPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -89.68% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -21.12% | -23.37% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -44.67% | -46.92% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -61.09% | -59.41% | -1.68% |
Current DrawdownCurrent decline from peak | -16.30% | -18.30% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -21.72% | -34.03% | +12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 5.35% | -0.90% |
Volatility
DXSLX vs. ULPIX - Volatility Comparison
The current volatility for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) is 7.65%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 8.48%. 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.
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Volatility by Period
| DXSLX | ULPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 8.48% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 18.17% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.26% | 36.41% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 33.84% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.56% | 35.37% | +3.19% |