HCYIX vs. DXKLX

Last updated Jun 24, 2026

HCYIX (Hilton Tactical Income Fund Institutional Class) and DXKLX (Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund) are both mutual funds - HCYIX is a Tactical Allocation fund managed by Direxion, while DXKLX is a Leveraged Bonds fund managed by Direxion. Over the past 10 years, HCYIX returned 5.57%/yr vs -3.44%/yr for DXKLX. At a 0.05 correlation, their price movements are largely independent. HCYIX charges 0.87%/yr vs 1.35%/yr for DXKLX.

Performance

HCYIX vs. DXKLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hilton Tactical Income Fund Institutional Class (HCYIX) 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

In the year-to-date period, HCYIX achieves a 2.48% return, which is significantly higher than DXKLX's -4.18% return. Over the past 10 years, HCYIX has outperformed DXKLX with an annualized return of 5.57%, while DXKLX has yielded a comparatively lower -3.44% annualized 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%

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)

HCYIX vs. DXKLX - 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%
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 HCYIX and DXKLX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.05

Over the past year, HCYIX and DXKLX have become more correlated (0.49) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

HCYIX vs. DXKLX — Risk / Return Rank

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

HCYIX

HCYIX Risk / Return Rank: 40
HCYIX Sharpe Ratio Rank: 44
HCYIX Sortino Ratio Rank: 45
HCYIX Omega Ratio Rank: 45
HCYIX Calmar Ratio Rank: 30
HCYIX Martin Ratio Rank: 39

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.

HCYIX vs. DXKLX - 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 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.

	HCYIX	DXKLX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	-0.08	+1.88
Sortino ratio: Return per unit of downside risk	2.59	-0.06	+2.65
Omega ratio: Gain probability vs. loss probability	1.33	0.99	+0.34
Calmar ratio: Return relative to maximum drawdown	1.96	-0.08	+2.04
Martin ratio: Return relative to average drawdown	7.95	-0.21	+8.16

HCYIX vs. DXKLX - Sharpe Ratio Comparison

The current HCYIX Sharpe Ratio is 1.80, which is higher than the DXKLX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of HCYIX 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

HCYIX vs. DXKLX - Drawdown Comparison

The maximum HCYIX drawdown since its inception was -25.70%, smaller than the maximum DXKLX drawdown of -47.64%. Use the drawdown chart below to compare losses from any high point for HCYIX and DXKLX.

Drawdown Indicators

	HCYIX	DXKLX	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-47.64%	+21.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-8.26%	+3.14%
Max Drawdown (3Y) Largest decline over 3 years	-7.73%	-14.94%	+7.21%
Max Drawdown (5Y) Largest decline over 5 years	-13.75%	-42.57%	+28.82%
Max Drawdown (10Y) Largest decline over 10 years	-25.70%	-47.64%	+21.94%
Current Drawdown Current decline from peak	-0.32%	-42.51%	+42.19%
Average Drawdown Average peak-to-trough decline	-3.14%	-15.08%	+11.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	3.23%	-1.97%

Volatility

HCYIX vs. DXKLX - Volatility Comparison

The current volatility for Hilton Tactical Income Fund Institutional Class (HCYIX) is 2.00%, while Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund (DXKLX) has a volatility of 2.49%. This indicates that HCYIX experiences smaller price fluctuations and is considered to be less risky than DXKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCYIX	DXKLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	2.49%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	4.47%	6.13%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	8.28%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	14.01%	-7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	12.46%	-4.35%

HCYIX vs. DXKLX - Expense Ratio Comparison

HCYIX has a 0.87% expense ratio, which is lower than DXKLX's 1.35% expense ratio.

Dividends

HCYIX vs. DXKLX - Dividend Comparison

HCYIX's dividend yield for the trailing twelve months is around 6.65%, more than DXKLX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	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

Can I hold both HCYIX and DXKLX in my portfolio?

HCYIX and DXKLX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HCYIX or DXKLX?

DXKLX has higher volatility (2.49%) compared to HCYIX (2.00%). In terms of maximum drawdown, HCYIX dropped -25.70% vs DXKLX's -47.64%.

Which has better risk-adjusted returns?

HCYIX currently has the higher Sharpe Ratio (1.80 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.