FNPIX vs. DXKLX

Last updated Jun 24, 2026

FNPIX (ProFunds Financials UltraSector Fund) and DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) are both mutual funds - FNPIX is a Leveraged Equities fund managed by ProFunds, while DXKLX is a Leveraged Bonds fund managed by Direxion. Over the past 10 years, FNPIX returned 15.10%/yr vs -3.44%/yr for DXKLX. At a correlation of -0.29, they often move in opposite directions. FNPIX charges 1.72%/yr vs 1.35%/yr for DXKLX.

Performance

FNPIX vs. DXKLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Financials UltraSector Fund (FNPIX) and Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX). 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 FNPIX having a -4.35% return and DXKLX slightly higher at -4.18%. Over the past 10 years, FNPIX has outperformed DXKLX with an annualized return of 15.10%, while DXKLX has yielded a comparatively lower -3.44% annualized return.

FNPIX

• 1D: 0.76%
• 1M: 5.10%
• YTD: -4.35%
• 6M: -6.18%
• 1Y: 5.29%
• 3Y*: 23.17%
• 5Y*: 10.73%
• 10Y*: 15.10%

DXKLX

• 1D: -0.73%
• 1M: 0.15%
• YTD: -4.18%
• 6M: -4.22%
• 1Y: -1.28%
• 3Y*: -2.10%
• 5Y*: -7.86%
• 10Y*: -3.44%

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

FNPIX vs. DXKLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNPIX ProFunds Financials UltraSector Fund	-4.35%	16.39%	38.51%	18.34%	-23.84%	57.11%	-9.83%	46.49%	-17.23%	27.19%
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	-4.18%	7.74%	-7.56%	-0.43%	-29.87%	-8.83%	16.79%	11.77%	-1.10%	2.73%

Correlation

The correlation between FNPIX and DXKLX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Apr 12, 2005	-0.29

The correlation between FNPIX and DXKLX shifts across timeframes, from -0.29 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FNPIX vs. DXKLX — Risk / Return Rank

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

FNPIX

FNPIX Risk / Return Rank: 5
FNPIX Sharpe Ratio Rank: 5
FNPIX Sortino Ratio Rank: 5
FNPIX Omega Ratio Rank: 5
FNPIX Calmar Ratio Rank: 5
FNPIX Martin Ratio Rank: 5

DXKLX

DXKLX Risk / Return Rank: 2
DXKLX Sharpe Ratio Rank: 2
DXKLX Sortino Ratio Rank: 2
DXKLX Omega Ratio Rank: 2
DXKLX Calmar Ratio Rank: 2
DXKLX Martin Ratio Rank: 2

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.

FNPIX vs. DXKLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Financials UltraSector Fund (FNPIX) and Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX). 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.

	FNPIX	DXKLX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	-0.08	+0.41
Sortino ratio: Return per unit of downside risk	0.59	-0.06	+0.65
Omega ratio: Gain probability vs. loss probability	1.07	0.99	+0.08
Calmar ratio: Return relative to maximum drawdown	0.32	-0.08	+0.40
Martin ratio: Return relative to average drawdown	0.77	-0.21	+0.98

FNPIX vs. DXKLX - Sharpe Ratio Comparison

The current FNPIX Sharpe Ratio is 0.33, which is higher than the DXKLX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of FNPIX and DXKLX, 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

FNPIX vs. DXKLX - Drawdown Comparison

The maximum FNPIX drawdown since its inception was -93.14%, which is greater than DXKLX's maximum drawdown of -47.64%. Use the drawdown chart below to compare losses from any high point for FNPIX and DXKLX.

Drawdown Indicators

	FNPIX	DXKLX	Difference
Max Drawdown Largest peak-to-trough decline	-93.14%	-47.64%	-45.50%
Max Drawdown (1Y) Largest decline over 1 year	-22.37%	-8.26%	-14.11%
Max Drawdown (3Y) Largest decline over 3 years	-23.21%	-14.94%	-8.27%
Max Drawdown (5Y) Largest decline over 5 years	-37.80%	-42.57%	+4.77%
Max Drawdown (10Y) Largest decline over 10 years	-58.23%	-47.64%	-10.59%
Current Drawdown Current decline from peak	-8.41%	-42.51%	+34.10%
Average Drawdown Average peak-to-trough decline	-36.16%	-15.08%	-21.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.28%	3.23%	+6.05%

Volatility

FNPIX vs. DXKLX - Volatility Comparison

ProFunds Financials UltraSector Fund (FNPIX) has a higher volatility of 6.29% compared to Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) at 2.49%. This indicates that FNPIX's price experiences larger fluctuations and is considered to be riskier than DXKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNPIX	DXKLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	2.49%	+3.80%
Volatility (6M) Calculated over the trailing 6-month period	16.81%	6.13%	+10.68%
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	8.28%	+13.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.39%	14.01%	+13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.68%	12.46%	+18.22%

FNPIX vs. DXKLX - Expense Ratio Comparison

FNPIX has a 1.72% expense ratio, which is higher than DXKLX's 1.35% expense ratio.

Dividends

FNPIX vs. DXKLX - Dividend Comparison

FNPIX has not paid dividends to shareholders, while DXKLX's dividend yield for the trailing twelve months is around 1.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DXKLX Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund	1.78%	13.38%	1.11%	0.00%	0.00%	0.00%	4.39%	7.54%
FNPIX ProFunds Financials UltraSector Fund	0.00%	0.00%	0.49%	0.25%	0.00%	13.10%	0.00%	1.70%

Frequently Asked Questions

Can I hold both FNPIX and DXKLX in my portfolio?

FNPIX and DXKLX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNPIX or DXKLX?

FNPIX has higher volatility (6.29%) compared to DXKLX (2.49%). In terms of maximum drawdown, FNPIX dropped -93.14% vs DXKLX's -47.64%.

Which has better risk-adjusted returns?

FNPIX currently has the higher Sharpe Ratio (0.33 vs -0.08), 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.