HCYIX vs. DXRLX

Last updated Aug 4, 2026

HCYIX (Hilton Tactical Income Fund Institutional Class) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both mutual funds - HCYIX is a Tactical Allocation fund managed by Direxion, while DXRLX is a Leveraged Equities fund managed by Direxion. Over the past 10 years, HCYIX returned 5.46%/yr vs 11.96%/yr for DXRLX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. HCYIX charges 0.87%/yr vs 1.35%/yr for DXRLX.

Performance

HCYIX vs. DXRLX - 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 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, HCYIX achieves a 3.40% return, which is significantly lower than DXRLX's 29.65% return. Over the past 10 years, HCYIX has underperformed DXRLX with an annualized return of 5.46%, while DXRLX has yielded a comparatively higher 11.96% annualized return.

HCYIX

• 1D: 0.00%
• 1M: 0.38%
• 6M: 2.01%
• YTD: 3.40%
• 1Y: 8.40%
• 3Y*: 8.71%
• 5Y*: 4.27%
• 10Y*: 5.46%
• ALL TIME*: 5.31%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	$0.00	$0.00	$0.00
HCYIX Hilton Tactical Income Fund Institutional Class	$0.00	$0.00	$0.00

HCYIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCYIX Hilton Tactical Income Fund Institutional Class	3.40%	8.62%	10.38%	7.07%	-10.69%	15.81%	-1.63%	15.59%	-2.78%	8.36%
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 HCYIX 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 2, 2014	0.75

The correlation between HCYIX and DXRLX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

Return for Risk

HCYIX vs. DXRLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HCYIX

HCYIX Risk / Return Rank: 44
HCYIX Sharpe Ratio Rank: 49
HCYIX Sortino Ratio Rank: 49
HCYIX Omega Ratio Rank: 47
HCYIX Calmar Ratio Rank: 34
HCYIX Martin Ratio Rank: 42

DXRLX

DXRLX Risk / Return Rank: 68
DXRLX Sharpe Ratio Rank: 65
DXRLX Sortino Ratio Rank: 61
DXRLX Omega Ratio Rank: 50
DXRLX Calmar Ratio Rank: 83
DXRLX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HCYIX vs. DXRLX - 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 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.

	HCYIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.66	-0.21
Sortino ratio: Return per unit of downside risk	2.09	2.30	-0.21
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	1.60	2.91	-1.32
Martin ratio: Return relative to average drawdown	6.46	10.20	-3.74

HCYIX vs. DXRLX - Sharpe Ratio Comparison

The current HCYIX Sharpe Ratio is 1.45, which is comparable to the DXRLX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of HCYIX 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.

Drawdowns

HCYIX vs. DXRLX - Drawdown Comparison

The maximum HCYIX 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 HCYIX and DXRLX.

Drawdown Indicators

	HCYIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-94.32%	+68.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-19.38%	+14.26%
Max Drawdown (3Y) Largest decline over 3 years	-7.73%	-45.58%	+37.85%
Max Drawdown (5Y) Largest decline over 5 years	-13.75%	-57.64%	+43.89%
Max Drawdown (10Y) Largest decline over 10 years	-25.70%	-77.63%	+51.93%
Current Drawdown Current decline from peak	0.00%	-5.74%	+5.74%
Average Drawdown Average peak-to-trough decline	-3.12%	-34.41%	+31.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	5.53%	-4.27%

Volatility

HCYIX vs. DXRLX - Volatility Comparison

The current volatility for Hilton Tactical Income Fund Institutional Class (HCYIX) is 1.53%, while Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a volatility of 6.82%. This indicates that HCYIX 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

	HCYIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	6.82%	-5.29%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	24.87%	-20.31%
Volatility (1Y) Calculated over the trailing 1-year period	5.64%	34.02%	-28.38%
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%

HCYIX vs. DXRLX - Expense Ratio Comparison

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

Dividends

HCYIX vs. DXRLX - Dividend Comparison

HCYIX's dividend yield for the trailing twelve months is around 6.26%, 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%
HCYIX Hilton Tactical Income Fund Institutional Class	6.26%	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 DXRLX in my portfolio?

HCYIX 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.

Which is riskier, HCYIX or DXRLX?

DXRLX has higher volatility (6.82%) compared to HCYIX (1.53%). In terms of maximum drawdown, HCYIX dropped -25.70% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

DXRLX currently has the higher Sharpe Ratio (1.66 vs 1.45), 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.