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.
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.
Performance
DXSLX vs. USNQX - Performance Comparison
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Key characteristics
DXSLX:
0.50
USNQX:
0.61
DXSLX:
0.85
USNQX:
0.91
DXSLX:
1.12
USNQX:
1.13
DXSLX:
0.48
USNQX:
0.59
DXSLX:
1.73
USNQX:
1.92
DXSLX:
8.79%
USNQX:
7.05%
DXSLX:
35.77%
USNQX:
25.71%
DXSLX:
-89.91%
USNQX:
-74.36%
DXSLX:
-7.92%
USNQX:
-3.65%
Returns By Period
In the year-to-date period, DXSLX achieves a -1.19% return, which is significantly lower than USNQX's 1.70% return. Both investments have delivered pretty close results over the past 10 years, with DXSLX having a 18.30% annualized return and USNQX not far behind at 17.40%.
DXSLX
-1.19%
10.43%
-5.84%
17.90%
17.17%
23.22%
18.30%
USNQX
1.70%
9.11%
2.16%
15.55%
19.55%
17.84%
17.40%
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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 Rank
DXSLX
USNQX
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.
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Dividends
DXSLX vs. USNQX - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 12.21%, more than USNQX's 2.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 12.21% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.40% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% |
USNQX USAA Nasdaq 100 Index Fund | 2.15% | 2.19% | 2.60% | 4.13% | 4.49% | 1.53% | 0.88% | 0.68% | 1.97% | 0.50% | 2.74% | 0.21% |
Drawdowns
DXSLX vs. USNQX - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.91%, 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.
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Volatility
DXSLX vs. USNQX - Volatility Comparison
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 8.16% compared to USAA Nasdaq 100 Index Fund (USNQX) at 5.60%. 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.
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