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 -14.03%/yr vs 1.62%/yr for DXHYX. Their -0.64 correlation means they have often moved in opposite directions in the past. 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 -9.87% return, which is significantly lower than DXHYX's -0.25% return.
SOPIX
- 1D
- -3.36%
- 1M
- 4.31%
- 6M
- -9.07%
- YTD
- -9.87%
- 1Y
- -17.52%
- 3Y*
- -17.93%
- 5Y*
- -14.03%
- 10Y*
- -19.61%
- ALL TIME*
- -17.47%
DXHYX
- 1D
- 0.00%
- 1M
- -0.89%
- 6M
- -0.68%
- YTD
- -0.25%
- 1Y
- 2.78%
- 3Y*
- 6.02%
- 5Y*
- 1.62%
- 10Y*
- —
- ALL TIME*
- 2.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SOPIX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | -9.87% | -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 | -0.25% | 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 -0.65, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.65 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.64 |
The correlation between SOPIX and DXHYX has been stable across timeframes, ranging from -0.65 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 | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.12 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 0.94 | -1.57 |
| Martin ratioReturn relative to average drawdown | -1.21 | 3.77 | -4.98 |
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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 | -24.87% | -3.03% | -21.84% |
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 | -89.76% | — | — |
Current DrawdownCurrent decline from peak | -98.99% | -1.12% | -97.87% |
Average DrawdownAverage peak-to-trough decline | -76.28% | -3.64% | -72.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 0.76% | +12.03% |
Volatility
SOPIX vs. DXHYX - Volatility Comparison
ProFunds Short NASDAQ-100 Fund (SOPIX) has a higher volatility of 6.90% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 0.68%. 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 | 6.90% | 0.68% | +6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 3.53% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 4.36% | +14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 8.47% | +15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 9.27% | +13.42% |
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 2.38%, less than DXHYX's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.67% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.38% | 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 -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (6.90%) compared to DXHYX (0.68%). In terms of maximum drawdown, SOPIX dropped -99.07% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (0.66 vs -0.80), 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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