UDPIX vs. DXNLX

Last updated Jun 4, 2026

UDPIX (ProFunds Ultra Dow 30 ProFund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds. Over the past 5 years, UDPIX returned 13.39%/yr vs 19.45%/yr for DXNLX. A 0.71 correlation means they provide meaningful diversification when combined. UDPIX charges 1.54%/yr vs 1.19%/yr for DXNLX.

Performance

UDPIX vs. DXNLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Ultra Dow 30 ProFund (UDPIX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDPIX achieves a 11.76% return, which is significantly lower than DXNLX's 25.47% return.

UDPIX

• 1D: 0.94%
• 1M: 9.78%
• YTD: 11.76%
• 6M: 12.23%
• 1Y: 39.20%
• 3Y*: 24.35%
• 5Y*: 13.39%
• 10Y*: 21.05%

DXNLX

• 1D: 0.59%
• 1M: 13.43%
• YTD: 25.47%
• 6M: 23.05%
• 1Y: 49.65%
• 3Y*: 32.52%
• 5Y*: 19.45%
• 10Y*: —

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

UDPIX vs. DXNLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UDPIX ProFunds Ultra Dow 30 ProFund	11.76%	19.96%	18.13%	23.94%	-19.89%	52.21%	15.74%	47.47%	-13.82%	53.18%
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	25.47%	22.13%	28.56%	66.63%	-40.88%	32.49%	58.90%	46.34%	-3.37%	37.37%

Correlation

The correlation between UDPIX and DXNLX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.71

The correlation between UDPIX and DXNLX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

UDPIX vs. DXNLX — Risk / Return Rank

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

UDPIX

UDPIX Risk / Return Rank: 33
UDPIX Sharpe Ratio Rank: 35
UDPIX Sortino Ratio Rank: 33
UDPIX Omega Ratio Rank: 30
UDPIX Calmar Ratio Rank: 31
UDPIX Martin Ratio Rank: 34

DXNLX

DXNLX Risk / Return Rank: 65
DXNLX Sharpe Ratio Rank: 78
DXNLX Sortino Ratio Rank: 60
DXNLX Omega Ratio Rank: 59
DXNLX Calmar Ratio Rank: 70
DXNLX Martin Ratio Rank: 60

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.

UDPIX vs. DXNLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Dow 30 ProFund (UDPIX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX). 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.

	UDPIX	DXNLX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.56	-0.87
Sortino ratio: Return per unit of downside risk	2.38	3.25	-0.88
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.14
Calmar ratio: Return relative to maximum drawdown	2.11	3.23	-1.12
Martin ratio: Return relative to average drawdown	7.71	11.90	-4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDPIX vs. DXNLX - Sharpe Ratio Comparison

The current UDPIX Sharpe Ratio is 1.69, which is lower than the DXNLX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of UDPIX and DXNLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UDPIX	DXNLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.56	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.69	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.86	-0.52

Drawdowns

UDPIX vs. DXNLX - Drawdown Comparison

The maximum UDPIX drawdown since its inception was -81.97%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for UDPIX and DXNLX.

Drawdown Indicators

	UDPIX	DXNLX	Difference
Max Drawdown Largest peak-to-trough decline	-81.97%	-43.77%	-38.20%
Max Drawdown (1Y) Largest decline over 1 year	-19.37%	-15.91%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-33.41%	-28.35%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-40.44%	-43.77%	+3.33%
Max Drawdown (10Y) Largest decline over 10 years	-63.40%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.57%	-8.71%	-8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	4.31%	+0.97%

Volatility

UDPIX vs. DXNLX - Volatility Comparison

ProFunds Ultra Dow 30 ProFund (UDPIX) has a higher volatility of 6.00% compared to Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) at 5.54%. This indicates that UDPIX's price experiences larger fluctuations and is considered to be riskier than DXNLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDPIX	DXNLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.54%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	15.18%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	20.04%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.99%	28.25%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.13%	28.84%	+6.29%

UDPIX vs. DXNLX - Expense Ratio Comparison

UDPIX has a 1.54% expense ratio, which is higher than DXNLX's 1.19% expense ratio.

Dividends

UDPIX vs. DXNLX - Dividend Comparison

UDPIX's dividend yield for the trailing twelve months is around 3.49%, more than DXNLX's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund	0.79%	2.31%	0.17%	0.00%	0.00%	7.43%	12.20%	0.00%	8.79%	7.52%
UDPIX ProFunds Ultra Dow 30 ProFund	3.49%	3.90%	0.00%	0.95%	0.00%	13.43%	14.53%	1.96%	0.93%	0.02%

Frequently Asked Questions

Can I hold both UDPIX and DXNLX in my portfolio?

UDPIX and DXNLX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDPIX or DXNLX?

UDPIX has higher volatility (6.00%) compared to DXNLX (5.54%). In terms of maximum drawdown, UDPIX dropped -81.97% vs DXNLX's -43.77%.

Which has better risk-adjusted returns?

DXNLX currently has the higher Sharpe Ratio (2.56 vs 1.69), 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.