HCYAX vs. DXRLX
HCYAX (Hilton Tactical Income Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both mutual funds - HCYAX is a Tactical Allocation fund managed by Direxion, while DXRLX is a Leveraged Equities fund managed by Direxion. Over the past 10 years, HCYAX returned 5.22%/yr vs 11.96%/yr for DXRLX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. HCYAX charges 1.12%/yr vs 1.35%/yr for DXRLX.
Performance
HCYAX vs. DXRLX - Performance Comparison
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Returns By Period
In the year-to-date period, HCYAX achieves a 3.20% return, which is significantly lower than DXRLX's 29.65% return. Over the past 10 years, HCYAX has underperformed DXRLX with an annualized return of 5.22%, while DXRLX has yielded a comparatively higher 11.96% annualized return.
HCYAX
- 1D
- 0.00%
- 1M
- 0.38%
- 6M
- 1.85%
- YTD
- 3.20%
- 1Y
- 8.11%
- 3Y*
- 8.45%
- 5Y*
- 4.02%
- 10Y*
- 5.22%
- ALL TIME*
- 5.06%
DXRLX
- 1D
- -0.88%
- 1M
- -4.11%
- 6M
- 16.91%
- YTD
- 29.65%
- 1Y
- 62.03%
- 3Y*
- 18.07%
- 5Y*
- 3.68%
- 10Y*
- 11.96%
- ALL TIME*
- 5.41%
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. DXRLX - 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% |
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund | 29.65% | 15.22% | 10.66% | 20.05% | -40.24% | 26.84% | 20.98% | 46.08% | -27.45% | 27.06% |
Correlation
The correlation between HCYAX and DXRLX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.75 |
The correlation between HCYAX and DXRLX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
HCYAX vs. DXRLX — Risk / Return Rank
HCYAX
DXRLX
HCYAX vs. DXRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton Tactical Income Fund (HCYAX) 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.
| HCYAX | DXRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.91 | -1.38 |
| Martin ratioReturn relative to average drawdown | 6.23 | 10.20 | -3.97 |
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Drawdowns
HCYAX vs. DXRLX - Drawdown Comparison
The maximum HCYAX drawdown since its inception was -25.70%, smaller than the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for HCYAX and DXRLX.
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Drawdown Indicators
| HCYAX | DXRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -94.32% | +68.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -19.38% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -45.58% | +37.85% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -57.64% | +43.74% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | -77.63% | +51.93% |
Current DrawdownCurrent decline from peak | 0.00% | -5.74% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -34.41% | +31.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 5.53% | -4.26% |
Volatility
HCYAX vs. DXRLX - Volatility Comparison
The current volatility for Hilton Tactical Income Fund (HCYAX) is 1.47%, while Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a volatility of 6.82%. This indicates that HCYAX 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.
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Volatility by Period
| HCYAX | DXRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 6.82% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 24.87% | -20.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.62% | 34.02% | -28.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 41.40% | -35.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 49.10% | -40.98% |
HCYAX vs. DXRLX - Expense Ratio Comparison
HCYAX has a 1.12% expense ratio, which is lower than DXRLX's 1.35% expense ratio.
Dividends
HCYAX vs. DXRLX - Dividend Comparison
HCYAX's dividend yield for the trailing twelve months is around 6.05%, more than DXRLX's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund | 1.61% | 1.23% | 0.66% | 0.00% | 2.27% | 0.84% | 0.71% | 3.76% | 7.60% | 0.00% | 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 DXRLX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXRLX has higher volatility (6.82%) compared to HCYAX (1.47%). In terms of maximum drawdown, HCYAX dropped -25.70% vs DXRLX's -94.32%.
DXRLX currently has the higher Sharpe Ratio (1.66 vs 1.41), 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.
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