UGPIX vs. DXNLX

Last updated Jun 4, 2026

UGPIX (ProFunds UltraChina) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds. Over the past 5 years, UGPIX returned -34.94%/yr vs 19.45%/yr for DXNLX. A 0.54 correlation means they provide meaningful diversification when combined. UGPIX charges 1.74%/yr vs 1.19%/yr for DXNLX.

Performance

UGPIX vs. DXNLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraChina (UGPIX) 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, UGPIX achieves a -25.02% return, which is significantly lower than DXNLX's 25.47% return.

UGPIX

• 1D: 4.53%
• 1M: -6.19%
• YTD: -25.02%
• 6M: -28.64%
• 1Y: -11.24%
• 3Y*: -5.13%
• 5Y*: -34.94%
• 10Y*: -13.12%

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)

UGPIX vs. DXNLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UGPIX ProFunds UltraChina	-25.02%	36.28%	-21.79%	-11.49%	-53.03%	-73.86%	76.47%	40.07%	-46.51%	101.10%
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 UGPIX and DXNLX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.54

The correlation between UGPIX and DXNLX shifts across timeframes, from 0.42 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UGPIX vs. DXNLX — Risk / Return Rank

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

UGPIX

UGPIX Risk / Return Rank: 2
UGPIX Sharpe Ratio Rank: 2
UGPIX Sortino Ratio Rank: 3
UGPIX Omega Ratio Rank: 3
UGPIX Calmar Ratio Rank: 2
UGPIX Martin Ratio Rank: 2

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.

UGPIX vs. DXNLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraChina (UGPIX) 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.

	UGPIX	DXNLX	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	2.56	-2.75
Sortino ratio: Return per unit of downside risk	0.09	3.25	-3.17
Omega ratio: Gain probability vs. loss probability	1.01	1.43	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.19	3.23	-3.42
Martin ratio: Return relative to average drawdown	-0.34	11.90	-12.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UGPIX vs. DXNLX - Sharpe Ratio Comparison

The current UGPIX Sharpe Ratio is -0.19, which is lower than the DXNLX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of UGPIX 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

	UGPIX	DXNLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	2.56	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.69	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.86	-0.91

Drawdowns

UGPIX vs. DXNLX - Drawdown Comparison

The maximum UGPIX drawdown since its inception was -99.66%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for UGPIX and DXNLX.

Drawdown Indicators

	UGPIX	DXNLX	Difference
Max Drawdown Largest peak-to-trough decline	-99.66%	-43.77%	-55.89%
Max Drawdown (1Y) Largest decline over 1 year	-52.67%	-15.91%	-36.76%
Max Drawdown (3Y) Largest decline over 3 years	-53.13%	-28.35%	-24.78%
Max Drawdown (5Y) Largest decline over 5 years	-98.24%	-43.77%	-54.47%
Max Drawdown (10Y) Largest decline over 10 years	-99.10%	—	—
Current Drawdown Current decline from peak	-97.87%	0.00%	-97.87%
Average Drawdown Average peak-to-trough decline	-82.71%	-8.71%	-74.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.73%	4.31%	+24.42%

Volatility

UGPIX vs. DXNLX - Volatility Comparison

ProFunds UltraChina (UGPIX) has a higher volatility of 18.51% compared to Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) at 5.54%. This indicates that UGPIX'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

	UGPIX	DXNLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.51%	5.54%	+12.97%
Volatility (6M) Calculated over the trailing 6-month period	36.57%	15.18%	+21.39%
Volatility (1Y) Calculated over the trailing 1-year period	52.09%	20.04%	+32.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	390.11%	28.25%	+361.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	277.98%	28.84%	+249.14%

UGPIX vs. DXNLX - Expense Ratio Comparison

UGPIX has a 1.74% expense ratio, which is higher than DXNLX's 1.19% expense ratio.

Dividends

UGPIX vs. DXNLX - Dividend Comparison

UGPIX's dividend yield for the trailing twelve months is around 8.06%, 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%
UGPIX ProFunds UltraChina	8.06%	6.05%	2.91%	3.25%	0.00%	0.00%	0.00%	0.08%	0.00%	0.77%

Frequently Asked Questions

Can I hold both UGPIX and DXNLX in my portfolio?

UGPIX and DXNLX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UGPIX or DXNLX?

UGPIX has higher volatility (18.51%) compared to DXNLX (5.54%). In terms of maximum drawdown, UGPIX dropped -99.66% vs DXNLX's -43.77%.

Which has better risk-adjusted returns?

DXNLX currently has the higher Sharpe Ratio (2.56 vs -0.19), 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.