RYNVX vs. DXSLX
Compare and contrast key facts about Rydex Nova Fund (RYNVX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX).
RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993. DXSLX is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index. It was launched on May 1, 2006.
Performance
RYNVX vs. DXSLX - Performance Comparison
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RYNVX vs. DXSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | -11.41% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | -8.90% | 25.05% | 37.66% | 39.91% | -37.35% | 59.07% | 27.52% | 61.52% | -14.82% | 98.50% |
Returns By Period
In the year-to-date period, RYNVX achieves a -11.41% return, which is significantly lower than DXSLX's -8.90% return. Over the past 10 years, RYNVX has underperformed DXSLX with an annualized return of 16.20%, while DXSLX has yielded a comparatively higher 24.53% annualized return.
RYNVX
- 1D
- -0.59%
- 1M
- -11.64%
- YTD
- -11.41%
- 6M
- -8.94%
- 1Y
- 16.27%
- 3Y*
- 20.70%
- 5Y*
- 12.22%
- 10Y*
- 16.20%
DXSLX
- 1D
- 5.41%
- 1M
- -9.20%
- YTD
- -8.90%
- 6M
- -6.42%
- 1Y
- 24.35%
- 3Y*
- 25.29%
- 5Y*
- 13.86%
- 10Y*
- 24.53%
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RYNVX vs. DXSLX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than DXSLX's 1.35% expense ratio.
Return for Risk
RYNVX vs. DXSLX — Risk / Return Rank
RYNVX
DXSLX
RYNVX vs. DXSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX). 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.
| RYNVX | DXSLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.77 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.35 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.25 | -0.49 |
Martin ratioReturn relative to average drawdown | 3.48 | 5.87 | -2.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYNVX | DXSLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.77 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.64 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.45 | -0.06 |
Correlation
The correlation between RYNVX and DXSLX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RYNVX vs. DXSLX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.85%, less than DXSLX's 8.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 0.85% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 8.37% | 7.93% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 34.95% | 0.00% | 25.71% |
Drawdowns
RYNVX vs. DXSLX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum DXSLX drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYNVX and DXSLX.
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Drawdown Indicators
| RYNVX | DXSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -91.80% | +15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -21.12% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -44.67% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -61.09% | +12.51% |
Current DrawdownCurrent decline from peak | -13.84% | -11.78% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -21.72% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.51% | -0.57% |
Volatility
RYNVX vs. DXSLX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 6.38%, while Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a volatility of 9.70%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than DXSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | DXSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 9.70% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 16.90% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.19% | 32.63% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 31.40% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 38.60% | -11.27% |