ENPIX vs. DXRLX

Last updated Jun 25, 2026

ENPIX (ProFunds UltraSector Oil & Gas Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, ENPIX returned 6.18%/yr vs 13.73%/yr for DXRLX. A 0.56 correlation means they provide meaningful diversification when combined. ENPIX charges 1.51%/yr vs 1.35%/yr for DXRLX.

Performance

ENPIX vs. DXRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSector Oil & Gas Fund (ENPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ENPIX having a 32.94% return and DXRLX slightly higher at 33.73%. Over the past 10 years, ENPIX has underperformed DXRLX with an annualized return of 6.18%, while DXRLX has yielded a comparatively higher 13.73% annualized return.

ENPIX

• 1D: 0.98%
• 1M: -11.97%
• YTD: 32.94%
• 6M: 34.58%
• 1Y: 43.47%
• 3Y*: 17.01%
• 5Y*: 21.33%
• 10Y*: 6.18%

DXRLX

• 1D: -1.66%
• 1M: 6.28%
• YTD: 33.73%
• 6M: 27.73%
• 1Y: 66.95%
• 3Y*: 25.41%
• 5Y*: 2.34%
• 10Y*: 13.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENPIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENPIX ProFunds UltraSector Oil & Gas Fund	32.94%	4.99%	2.30%	-7.46%	92.17%	82.32%	-53.71%	10.35%	-30.54%	-5.59%
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	33.73%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%

Correlation

The correlation between ENPIX and DXRLX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000	0.56

Over the past year, the correlation between ENPIX and DXRLX has dropped to 0.05 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

ENPIX vs. DXRLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPIX

ENPIX Risk / Return Rank: 26
ENPIX Sharpe Ratio Rank: 26
ENPIX Sortino Ratio Rank: 23
ENPIX Omega Ratio Rank: 22
ENPIX Calmar Ratio Rank: 30
ENPIX Martin Ratio Rank: 26

DXRLX

DXRLX Risk / Return Rank: 65
DXRLX Sharpe Ratio Rank: 64
DXRLX Sortino Ratio Rank: 54
DXRLX Omega Ratio Rank: 46
DXRLX Calmar Ratio Rank: 85
DXRLX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENPIX vs. DXRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ENPIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.06	-0.75
Sortino ratio: Return per unit of downside risk	1.79	2.68	-0.89
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.88	3.67	-1.78
Martin ratio: Return relative to average drawdown	5.55	12.85	-7.30

ENPIX vs. DXRLX - Sharpe Ratio Comparison

The current ENPIX Sharpe Ratio is 1.31, which is lower than the DXRLX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of ENPIX and DXRLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENPIX vs. DXRLX - Drawdown Comparison

The maximum ENPIX drawdown since its inception was -90.12%, roughly equal to the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for ENPIX and DXRLX.

Drawdown Indicators

	ENPIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-94.32%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	-21.66%	-19.38%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-45.58%	+13.31%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-57.64%	+21.16%
Max Drawdown (10Y) Largest decline over 10 years	-84.54%	-77.63%	-6.91%
Current Drawdown Current decline from peak	-19.35%	-1.66%	-17.69%
Average Drawdown Average peak-to-trough decline	-36.86%	-34.54%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.34%	5.52%	+1.82%

Volatility

ENPIX vs. DXRLX - Volatility Comparison

The current volatility for ProFunds UltraSector Oil & Gas Fund (ENPIX) is 10.71%, while Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a volatility of 11.42%. This indicates that ENPIX experiences smaller price fluctuations and is considered to be less risky than DXRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENPIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	11.42%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	25.21%	25.12%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	31.38%	34.50%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.74%	41.74%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.72%	49.22%	-4.50%

ENPIX vs. DXRLX - Expense Ratio Comparison

ENPIX has a 1.51% expense ratio, which is higher than DXRLX's 1.35% expense ratio.

Dividends

ENPIX vs. DXRLX - Dividend Comparison

ENPIX's dividend yield for the trailing twelve months is around 2.08%, more than DXRLX's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.56%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%	0.00%	0.00%	0.00%
ENPIX ProFunds UltraSector Oil & Gas Fund	2.08%	2.76%	3.19%	0.87%	2.76%	1.59%	1.76%	1.34%	1.76%	0.84%	0.57%	0.56%

Frequently Asked Questions

Can I hold both ENPIX and DXRLX in my portfolio?

ENPIX and DXRLX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENPIX or DXRLX?

DXRLX has higher volatility (11.42%) compared to ENPIX (10.71%). In terms of maximum drawdown, ENPIX dropped -90.12% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

DXRLX currently has the higher Sharpe Ratio (2.06 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.