DXSLX vs. USNQX
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and USAA Nasdaq 100 Index Fund (USNQX).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. USNQX is managed by Victory Capital. It was launched on Oct 27, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXSLX or USNQX.
Key characteristics
| DXSLX | USNQX | |
|---|---|---|
| YTD Return | 41.23% | 24.62% |
| 1Y Return | 55.21% | 29.98% |
| 3Y Return (Ann) | 5.85% | 5.81% |
| 5Y Return (Ann) | 19.58% | 18.07% |
| 10Y Return (Ann) | 15.22% | 16.27% |
| Sharpe Ratio | 2.62 | 1.72 |
| Sortino Ratio | 3.27 | 2.33 |
| Omega Ratio | 1.46 | 1.31 |
| Calmar Ratio | 2.29 | 2.21 |
| Martin Ratio | 16.31 | 8.03 |
| Ulcer Index | 3.41% | 3.74% |
| Daily Std Dev | 21.26% | 17.42% |
| Max Drawdown | -89.55% | -74.36% |
| Current Drawdown | -1.50% | -1.06% |
Correlation
The correlation between DXSLX and USNQX 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. USNQX - Performance Comparison
In the year-to-date period, DXSLX achieves a 41.23% return, which is significantly higher than USNQX's 24.62% return. Over the past 10 years, DXSLX has underperformed USNQX with an annualized return of 15.22%, while USNQX has yielded a comparatively higher 16.27% 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. USNQX - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than USNQX's 0.42% expense ratio.
Risk-Adjusted Performance
DXSLX vs. USNQX - 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 USAA Nasdaq 100 Index Fund (USNQX). 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. USNQX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 0.46%, which matches USNQX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.46% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USNQX USAA Nasdaq 100 Index Fund | 0.46% | 0.58% | 0.28% | 0.24% | 0.37% | 0.55% | 0.65% | 0.46% | 0.50% | 0.62% | 0.21% | 0.28% |
Drawdowns
DXSLX vs. USNQX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.55%, which is greater than USNQX's maximum drawdown of -74.36%. Use the drawdown chart below to compare losses from any high point for DXSLX and USNQX. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. USNQX - Volatility Comparison
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 6.58% compared to USAA Nasdaq 100 Index Fund (USNQX) at 4.94%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.