HCYAX vs. DXNLX
HCYAX (Hilton Tactical Income Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both mutual funds - HCYAX is a Tactical Allocation fund managed by Direxion, while DXNLX is a Leveraged Equities fund managed by Direxion. Over the past 5 years, HCYAX returned 4.02%/yr vs 13.95%/yr for DXNLX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. HCYAX charges 1.12%/yr vs 1.19%/yr for DXNLX.
Performance
HCYAX vs. DXNLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HCYAX achieves a 3.20% return, which is significantly lower than DXNLX's 12.06% return.
HCYAX
- 1D
- 0.71%
- 1M
- 0.38%
- 6M
- 2.02%
- YTD
- 3.20%
- 1Y
- 8.11%
- 3Y*
- 8.39%
- 5Y*
- 4.02%
- 10Y*
- 5.19%
- ALL TIME*
- 5.06%
DXNLX
- 1D
- 0.00%
- 1M
- -5.32%
- 6M
- 10.68%
- YTD
- 12.06%
- 1Y
- 26.25%
- 3Y*
- 23.67%
- 5Y*
- 13.95%
- 10Y*
- —
- ALL TIME*
- 22.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HCYAX vs. DXNLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCYAX Hilton Tactical Income Fund | 3.20% | 8.41% | 10.12% | 6.81% | -10.88% | 15.51% | -1.78% | 15.34% | -2.96% | 8.06% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 12.06% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
Correlation
The correlation between HCYAX and DXNLX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.72 |
The correlation between HCYAX and DXNLX has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HCYAX vs. DXNLX — Risk / Return Rank
HCYAX
DXNLX
HCYAX vs. DXNLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton Tactical Income Fund (HCYAX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). 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.
| HCYAX | DXNLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.41 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.18 | 4.48 | +1.71 |
Loading charts...
Drawdowns
HCYAX vs. DXNLX - Drawdown Comparison
The maximum HCYAX drawdown since its inception was -25.70%, smaller than the maximum DXNLX drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for HCYAX and DXNLX.
Loading charts...
Drawdown Indicators
| HCYAX | DXNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -43.77% | +18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -15.91% | +10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -28.35% | +20.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -43.77% | +29.87% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.69% | +10.69% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -8.65% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 4.99% | -3.72% |
Volatility
HCYAX vs. DXNLX - Volatility Comparison
The current volatility for Hilton Tactical Income Fund (HCYAX) is 1.49%, while Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a volatility of 6.96%. This indicates that HCYAX experiences smaller price fluctuations and is considered to be less risky than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HCYAX | DXNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 6.96% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 19.44% | -14.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 23.72% | -18.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 28.79% | -22.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 28.93% | -20.81% |
HCYAX vs. DXNLX - Expense Ratio Comparison
HCYAX has a 1.12% expense ratio, which is lower than DXNLX's 1.19% expense ratio.
Dividends
HCYAX vs. DXNLX - Dividend Comparison
HCYAX's dividend yield for the trailing twelve months is around 6.38%, more than DXNLX's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.89% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
HCYAX Hilton Tactical Income Fund | 6.05% | 6.26% | 3.22% | 2.81% | 2.77% | 2.40% | 3.26% | 2.64% | 3.98% | 2.54% | 3.63% | 4.28% |
Frequently Asked Questions
HCYAX and DXNLX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXNLX has higher volatility (6.96%) compared to HCYAX (1.49%). In terms of maximum drawdown, HCYAX dropped -25.70% vs DXNLX's -43.77%.
HCYAX currently has the higher Sharpe Ratio (1.40 vs 0.94), 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.
Find the right allocation for HCYAX and DXNLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer