TEPIX vs. DXQLX

Last updated Jun 25, 2026

TEPIX (ProFunds Technology UltraSector Fund) and DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, TEPIX returned 13.67%/yr vs 34.57%/yr for DXQLX. Their correlation of 0.94 suggests significant overlap in exposure. TEPIX charges 1.48%/yr vs 1.39%/yr for DXQLX.

Performance

TEPIX vs. DXQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Technology UltraSector Fund (TEPIX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEPIX achieves a 40.69% return, which is significantly higher than DXQLX's 25.02% return. Over the past 10 years, TEPIX has underperformed DXQLX with an annualized return of 13.67%, while DXQLX has yielded a comparatively higher 34.57% annualized return.

TEPIX

• 1D: -6.17%
• 1M: 2.50%
• YTD: 40.69%
• 6M: 37.17%
• 1Y: 73.20%
• 3Y*: -14.57%
• 5Y*: -10.11%
• 10Y*: 13.67%

DXQLX

• 1D: -5.78%
• 1M: -1.47%
• YTD: 25.02%
• 6M: 21.52%
• 1Y: 52.68%
• 3Y*: 39.29%
• 5Y*: 19.14%
• 10Y*: 34.57%

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

TEPIX vs. DXQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEPIX ProFunds Technology UltraSector Fund	40.69%	30.08%	-71.46%	91.81%	-51.01%	46.85%	64.53%	71.30%	-5.89%	49.17%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	25.02%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%

Correlation

The correlation between TEPIX and DXQLX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 1, 2006	0.94

The correlation between TEPIX and DXQLX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

TEPIX vs. DXQLX — Risk / Return Rank

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

TEPIX

TEPIX Risk / Return Rank: 58
TEPIX Sharpe Ratio Rank: 70
TEPIX Sortino Ratio Rank: 47
TEPIX Omega Ratio Rank: 50
TEPIX Calmar Ratio Rank: 75
TEPIX Martin Ratio Rank: 50

DXQLX

DXQLX Risk / Return Rank: 44
DXQLX Sharpe Ratio Rank: 45
DXQLX Sortino Ratio Rank: 36
DXQLX Omega Ratio Rank: 39
DXQLX Calmar Ratio Rank: 51
DXQLX Martin Ratio Rank: 47

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.

TEPIX vs. DXQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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.

	TEPIX	DXQLX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.80	+0.41
Sortino ratio: Return per unit of downside risk	2.61	2.30	+0.32
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	3.18	2.60	+0.58
Martin ratio: Return relative to average drawdown	9.68	9.24	+0.44

TEPIX vs. DXQLX - Sharpe Ratio Comparison

The current TEPIX Sharpe Ratio is 2.21, which is comparable to the DXQLX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of TEPIX and DXQLX, 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

TEPIX vs. DXQLX - Drawdown Comparison

The maximum TEPIX drawdown since its inception was -89.14%, smaller than the maximum DXQLX drawdown of -96.04%. Use the drawdown chart below to compare losses from any high point for TEPIX and DXQLX.

Drawdown Indicators

	TEPIX	DXQLX	Difference
Max Drawdown Largest peak-to-trough decline	-89.14%	-96.04%	+6.90%
Max Drawdown (1Y) Largest decline over 1 year	-24.64%	-21.88%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-85.79%	-37.99%	-47.80%
Max Drawdown (5Y) Largest decline over 5 years	-85.79%	-60.79%	-25.00%
Max Drawdown (10Y) Largest decline over 10 years	-85.79%	-87.23%	+1.44%
Current Drawdown Current decline from peak	-60.91%	-7.63%	-53.28%
Average Drawdown Average peak-to-trough decline	-49.89%	-51.47%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	6.15%	+1.92%

Volatility

TEPIX vs. DXQLX - Volatility Comparison

ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 18.96% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 16.17%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEPIX	DXQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.96%	16.17%	+2.79%
Volatility (6M) Calculated over the trailing 6-month period	29.75%	25.60%	+4.15%
Volatility (1Y) Calculated over the trailing 1-year period	35.40%	31.63%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.43%	42.61%	+9.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.58%	138.83%	-94.25%

TEPIX vs. DXQLX - Expense Ratio Comparison

TEPIX has a 1.48% expense ratio, which is higher than DXQLX's 1.39% expense ratio.

Dividends

TEPIX vs. DXQLX - Dividend Comparison

TEPIX's dividend yield for the trailing twelve months is around 2.29%, less than DXQLX's 11.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	11.83%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%
TEPIX ProFunds Technology UltraSector Fund	2.29%	3.22%	0.00%	0.37%	0.00%	0.90%	2.31%	0.00%	0.23%	0.00%

Frequently Asked Questions

Can I hold both TEPIX and DXQLX in my portfolio?

With a correlation of 0.93, TEPIX and DXQLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TEPIX or DXQLX?

TEPIX has higher volatility (18.96%) compared to DXQLX (16.17%). In terms of maximum drawdown, TEPIX dropped -89.14% vs DXQLX's -96.04%.

Which has better risk-adjusted returns?

TEPIX currently has the higher Sharpe Ratio (2.21 vs 1.80), 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.