TEPIX vs. DXRLX

Last updated Jul 14, 2026

TEPIX (ProFunds Technology UltraSector Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, TEPIX returned 12.77%/yr vs 12.21%/yr for DXRLX. A 0.73 correlation means they provide meaningful diversification when combined. TEPIX charges 1.48%/yr vs 1.35%/yr for DXRLX.

Performance

TEPIX vs. DXRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Technology UltraSector Fund (TEPIX) 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, TEPIX achieves a 41.97% return, which is significantly higher than DXRLX's 33.68% return. Both investments have delivered pretty close results over the past 10 years, with TEPIX having a 12.77% annualized return and DXRLX not far behind at 12.21%.

TEPIX

• 1D: 0.37%
• 1M: 0.26%
• 6M: 38.07%
• YTD: 41.97%
• 1Y: 66.41%
• 3Y*: -15.09%
• 5Y*: -10.88%
• 10Y*: 12.77%

DXRLX

• 1D: -0.87%
• 1M: 1.72%
• 6M: 20.71%
• YTD: 33.68%
• 1Y: 57.82%
• 3Y*: 22.01%
• 5Y*: 3.29%
• 10Y*: 12.21%

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

TEPIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEPIX ProFunds Technology UltraSector Fund	41.97%	30.08%	-71.46%	91.81%	-51.01%	46.85%	64.53%	71.30%	-5.89%	49.17%
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	33.68%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%

Correlation

The correlation between TEPIX and DXRLX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.73

The correlation between TEPIX and DXRLX shifts across timeframes, from 0.61 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TEPIX vs. DXRLX — Risk / Return Rank

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

TEPIX

TEPIX Risk / Return Rank: 57
TEPIX Sharpe Ratio Rank: 66
TEPIX Sortino Ratio Rank: 49
TEPIX Omega Ratio Rank: 51
TEPIX Calmar Ratio Rank: 73
TEPIX Martin Ratio Rank: 47

DXRLX

DXRLX Risk / Return Rank: 57
DXRLX Sharpe Ratio Rank: 51
DXRLX Sortino Ratio Rank: 48
DXRLX Omega Ratio Rank: 41
DXRLX Calmar Ratio Rank: 78
DXRLX Martin Ratio Rank: 66

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. DXRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Technology UltraSector Fund (TEPIX) 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.

	TEPIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.60	+0.20
Sortino ratio: Return per unit of downside risk	2.24	2.23	+0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.26	+0.03
Calmar ratio: Return relative to maximum drawdown	2.66	2.82	-0.15
Martin ratio: Return relative to average drawdown	7.76	9.87	-2.11

TEPIX vs. DXRLX - Sharpe Ratio Comparison

The current TEPIX Sharpe Ratio is 1.80, which is comparable to the DXRLX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of TEPIX 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

TEPIX vs. DXRLX - Drawdown Comparison

The maximum TEPIX drawdown since its inception was -89.14%, smaller than the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for TEPIX and DXRLX.

Drawdown Indicators

	TEPIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-89.14%	-94.32%	+5.18%
Max Drawdown (1Y) Largest decline over 1 year	-24.64%	-19.38%	-5.26%
Max Drawdown (3Y) Largest decline over 3 years	-85.79%	-45.58%	-40.21%
Max Drawdown (5Y) Largest decline over 5 years	-85.79%	-57.64%	-28.15%
Max Drawdown (10Y) Largest decline over 10 years	-85.79%	-77.63%	-8.16%
Current Drawdown Current decline from peak	-60.55%	-2.81%	-57.74%
Average Drawdown Average peak-to-trough decline	-49.91%	-34.48%	-15.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.45%	5.53%	+2.92%

Volatility

TEPIX vs. DXRLX - Volatility Comparison

ProFunds Technology UltraSector Fund (TEPIX) has a higher volatility of 16.35% compared to Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) at 8.55%. This indicates that TEPIX's price experiences larger fluctuations and is considered to be riskier than DXRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEPIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.35%	8.55%	+7.80%
Volatility (6M) Calculated over the trailing 6-month period	31.11%	24.89%	+6.22%
Volatility (1Y) Calculated over the trailing 1-year period	36.47%	34.17%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.57%	41.64%	+10.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.62%	49.08%	-4.46%

TEPIX vs. DXRLX - Expense Ratio Comparison

TEPIX has a 1.48% expense ratio, which is higher than DXRLX's 1.35% expense ratio.

Dividends

TEPIX vs. DXRLX - Dividend Comparison

TEPIX's dividend yield for the trailing twelve months is around 2.27%, more than DXRLX's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.56%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%
TEPIX ProFunds Technology UltraSector Fund	2.27%	3.22%	0.00%	0.37%	0.00%	0.90%	2.31%	0.00%	0.23%

Frequently Asked Questions

Can I hold both TEPIX and DXRLX in my portfolio?

TEPIX and DXRLX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEPIX or DXRLX?

TEPIX has higher volatility (16.35%) compared to DXRLX (8.55%). In terms of maximum drawdown, TEPIX dropped -89.14% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

TEPIX currently has the higher Sharpe Ratio (1.80 vs 1.60), 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.