SOPIX vs. DXHYX
SOPIX (ProFunds Short NASDAQ-100 Fund) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - SOPIX is a Inverse Equities fund managed by ProFunds, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, SOPIX returned -15.98%/yr vs 1.83%/yr for DXHYX. At a correlation of -0.65, they often move in opposite directions. SOPIX charges 1.78%/yr vs 1.35%/yr for DXHYX.
Performance
SOPIX vs. DXHYX - Performance Comparison
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Returns By Period
In the year-to-date period, SOPIX achieves a -16.41% return, which is significantly lower than DXHYX's 0.54% return.
SOPIX
- 1D
- 0.25%
- 1M
- -3.06%
- YTD
- -16.41%
- 6M
- -15.19%
- 1Y
- -26.08%
- 3Y*
- -21.30%
- 5Y*
- -15.98%
- 10Y*
- -21.08%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 10Y*
- —
SOPIX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | -16.41% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
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 SOPIX and DXHYX is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.65 |
The correlation between SOPIX and DXHYX has been stable across timeframes, ranging from -0.67 to -0.58 - a consistent structural relationship.
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Return for Risk
SOPIX vs. DXHYX — Risk / Return Rank
SOPIX
DXHYX
SOPIX vs. DXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short NASDAQ-100 Fund (SOPIX) 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.
| SOPIX | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.20 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.60 | -2.61 |
| Martin ratioReturn relative to average drawdown | -2.07 | 6.56 | -8.63 |
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Drawdowns
SOPIX vs. DXHYX - Drawdown Comparison
The maximum SOPIX drawdown since its inception was -99.07%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for SOPIX and DXHYX.
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Drawdown Indicators
| SOPIX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -26.40% | -72.67% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -3.03% | -22.42% |
Max Drawdown (3Y)Largest decline over 3 years | -54.87% | -6.42% | -48.45% |
Max Drawdown (5Y)Largest decline over 5 years | -65.00% | -18.67% | -46.33% |
Max Drawdown (10Y)Largest decline over 10 years | -90.86% | — | — |
Current DrawdownCurrent decline from peak | -99.06% | -0.28% | -98.78% |
Average DrawdownAverage peak-to-trough decline | -76.17% | -3.68% | -72.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 0.74% | +12.99% |
Volatility
SOPIX vs. DXHYX - Volatility Comparison
ProFunds Short NASDAQ-100 Fund (SOPIX) has a higher volatility of 8.28% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. This indicates that SOPIX'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
| SOPIX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 1.20% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 3.52% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 4.46% | +13.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 8.48% | +15.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 9.32% | +13.30% |
SOPIX vs. DXHYX - Expense Ratio Comparison
SOPIX has a 1.78% expense ratio, which is higher than DXHYX's 1.35% expense ratio.
Dividends
SOPIX vs. DXHYX - Dividend Comparison
SOPIX's dividend yield for the trailing twelve months is around 2.56%, less than DXHYX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.56% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% | 0.00% | 0.00% |
Frequently Asked Questions
SOPIX and DXHYX have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (8.28%) compared to DXHYX (1.20%). In terms of maximum drawdown, SOPIX dropped -99.07% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (1.09 vs -1.53), 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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