FNPIX vs. DXRLX

Last updated Jun 4, 2026

FNPIX (ProFunds Financials UltraSector Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, FNPIX returned 13.42%/yr vs 12.74%/yr for DXRLX. A 0.78 correlation means they provide meaningful diversification when combined. FNPIX charges 1.72%/yr vs 1.35%/yr for DXRLX.

Performance

FNPIX vs. DXRLX - Performance Comparison

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

Returns By Period

In the year-to-date period, FNPIX achieves a -10.35% return, which is significantly lower than DXRLX's 30.58% return. Over the past 10 years, FNPIX has outperformed DXRLX with an annualized return of 13.42%, while DXRLX has yielded a comparatively lower 12.74% annualized return.

FNPIX

• 1D: 0.07%
• 1M: -0.71%
• YTD: -10.35%
• 6M: -7.10%
• 1Y: -1.81%
• 3Y*: 20.57%
• 5Y*: 8.17%
• 10Y*: 13.42%

DXRLX

• 1D: 1.58%
• 1M: 8.33%
• YTD: 30.58%
• 6M: 27.67%
• 1Y: 70.57%
• 3Y*: 23.98%
• 5Y*: 2.80%
• 10Y*: 12.74%

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

FNPIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNPIX ProFunds Financials UltraSector Fund	-10.35%	16.39%	38.51%	18.34%	-23.84%	57.11%	-9.83%	46.49%	-17.23%	27.19%
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	30.58%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%

Correlation

The correlation between FNPIX and DXRLX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 20, 2000	0.78

The correlation between FNPIX and DXRLX shifts across timeframes, from 0.61 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FNPIX vs. DXRLX — Risk / Return Rank

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

FNPIX

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

DXRLX

DXRLX Risk / Return Rank: 60
DXRLX Sharpe Ratio Rank: 59
DXRLX Sortino Ratio Rank: 47
DXRLX Omega Ratio Rank: 41
DXRLX Calmar Ratio Rank: 84
DXRLX Martin Ratio Rank: 72

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. DXRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Financials UltraSector Fund (FNPIX) 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.

	FNPIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	2.26	-2.34
Sortino ratio: Return per unit of downside risk	0.04	2.90	-2.86
Omega ratio: Gain probability vs. loss probability	1.01	1.35	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.07	3.91	-3.98
Martin ratio: Return relative to average drawdown	-0.18	13.74	-13.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNPIX vs. DXRLX - Sharpe Ratio Comparison

The current FNPIX Sharpe Ratio is -0.07, which is lower than the DXRLX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FNPIX 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.

Sharpe Ratios by Period

	FNPIX	DXRLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	2.26	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.07	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.26	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.05	+0.04

Drawdowns

FNPIX vs. DXRLX - Drawdown Comparison

The maximum FNPIX drawdown since its inception was -93.14%, roughly equal to the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for FNPIX and DXRLX.

Drawdown Indicators

	FNPIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-93.14%	-94.32%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-22.37%	-19.38%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.21%	-45.58%	+22.37%
Max Drawdown (5Y) Largest decline over 5 years	-37.80%	-57.64%	+19.84%
Max Drawdown (10Y) Largest decline over 10 years	-58.23%	-77.63%	+19.40%
Current Drawdown Current decline from peak	-14.16%	-0.26%	-13.90%
Average Drawdown Average peak-to-trough decline	-36.22%	-34.61%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.95%	5.50%	+3.45%

Volatility

FNPIX vs. DXRLX - Volatility Comparison

The current volatility for ProFunds Financials UltraSector Fund (FNPIX) is 4.59%, while Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a volatility of 9.70%. This indicates that FNPIX 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

	FNPIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	9.70%	-5.11%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	23.73%	-7.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	33.42%	-12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.36%	41.63%	-14.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.65%	49.20%	-18.55%

FNPIX vs. DXRLX - Expense Ratio Comparison

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

Dividends

FNPIX vs. DXRLX - Dividend Comparison

FNPIX has not paid dividends to shareholders, while DXRLX's dividend yield for the trailing twelve months is around 1.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.59%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%
FNPIX ProFunds Financials UltraSector Fund	0.00%	0.00%	0.49%	0.25%	0.00%	13.10%	0.00%	1.70%	0.00%

Frequently Asked Questions

Can I hold both FNPIX and DXRLX in my portfolio?

FNPIX and DXRLX have a correlation of 0.61, 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 DXRLX?

DXRLX has higher volatility (9.70%) compared to FNPIX (4.59%). In terms of maximum drawdown, FNPIX dropped -93.14% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

DXRLX currently has the higher Sharpe Ratio (2.26 vs -0.07), 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.