HCYIX vs. DXHYX
HCYIX (Hilton Tactical Income Fund Institutional Class) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - HCYIX is a Tactical Allocation fund managed by Direxion, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, HCYIX returned 4.63%/yr vs 1.83%/yr for DXHYX. A 0.71 correlation means they provide meaningful diversification when combined. HCYIX charges 0.87%/yr vs 1.35%/yr for DXHYX.
Performance
HCYIX vs. DXHYX - Performance Comparison
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Returns By Period
In the year-to-date period, HCYIX achieves a 2.48% return, which is significantly higher than DXHYX's 0.54% return.
HCYIX
- 1D
- -0.11%
- 1M
- 0.19%
- YTD
- 2.48%
- 6M
- 2.20%
- 1Y
- 9.41%
- 3Y*
- 8.86%
- 5Y*
- 4.63%
- 10Y*
- 5.57%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 10Y*
- —
HCYIX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCYIX Hilton Tactical Income Fund Institutional Class | 2.48% | 8.62% | 10.38% | 7.07% | -10.69% | 15.81% | -1.63% | 15.59% | -2.78% | 8.36% |
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 0.54% | 6.56% | 6.47% | 10.88% | -13.99% | 3.00% | 2.26% | 12.61% | -3.82% | 5.22% |
Correlation
The correlation between HCYIX and DXHYX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.71 |
The correlation between HCYIX and DXHYX shifts across timeframes, from 0.71 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HCYIX vs. DXHYX — Risk / Return Rank
HCYIX
DXHYX
HCYIX vs. DXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton Tactical Income Fund Institutional Class (HCYIX) and Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). 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.
| HCYIX | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.60 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.95 | 6.56 | +1.40 |
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Drawdowns
HCYIX vs. DXHYX - Drawdown Comparison
The maximum HCYIX drawdown since its inception was -25.70%, roughly equal to the maximum DXHYX drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for HCYIX and DXHYX.
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Drawdown Indicators
| HCYIX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -26.40% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -3.03% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -6.42% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -18.67% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -25.70% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.28% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -3.68% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.74% | +0.52% |
Volatility
HCYIX vs. DXHYX - Volatility Comparison
Hilton Tactical Income Fund Institutional Class (HCYIX) has a higher volatility of 2.00% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. This indicates that HCYIX's price experiences larger fluctuations and is considered to be riskier than DXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCYIX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.20% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 3.52% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 4.46% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 8.48% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 9.32% | -1.21% |
HCYIX vs. DXHYX - Expense Ratio Comparison
HCYIX has a 0.87% expense ratio, which is lower than DXHYX's 1.35% expense ratio.
Dividends
HCYIX vs. DXHYX - Dividend Comparison
HCYIX's dividend yield for the trailing twelve months is around 6.65%, more than DXHYX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.64% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% | 0.00% | 0.00% |
HCYIX Hilton Tactical Income Fund Institutional Class | 6.65% | 6.51% | 3.46% | 3.05% | 3.01% | 2.61% | 3.36% | 2.87% | 4.22% | 2.75% | 3.87% | 4.54% |
Frequently Asked Questions
HCYIX and DXHYX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCYIX has higher volatility (2.00%) compared to DXHYX (1.20%). In terms of maximum drawdown, HCYIX dropped -25.70% vs DXHYX's -26.40%.
HCYIX currently has the higher Sharpe Ratio (1.80 vs 1.09), 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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