ULPIX vs. DXNLX
ULPIX (ProFunds UltraBull Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds. Over the past 5 years, ULPIX returned 15.45%/yr vs 13.95%/yr for DXNLX. Their correlation of 0.90 means they have usually moved in the same direction. ULPIX charges 1.46%/yr vs 1.19%/yr for DXNLX.
Performance
ULPIX vs. DXNLX - Performance Comparison
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Returns By Period
In the year-to-date period, ULPIX achieves a 14.19% return, which is significantly higher than DXNLX's 12.06% return.
ULPIX
- 1D
- 3.31%
- 1M
- -1.63%
- 6M
- 11.59%
- YTD
- 14.19%
- 1Y
- 34.71%
- 3Y*
- 27.77%
- 5Y*
- 15.45%
- 10Y*
- 21.47%
- ALL TIME*
- 9.31%
DXNLX
- 1D
- 0.00%
- 1M
- -5.32%
- 6M
- 10.68%
- YTD
- 12.06%
- 1Y
- 26.25%
- 3Y*
- 23.67%
- 5Y*
- 13.95%
- 10Y*
- —
- ALL TIME*
- 22.71%
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 |
ULPIX vs. DXNLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 14.19% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 12.06% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
Correlation
The correlation between ULPIX and DXNLX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.90 |
The correlation between ULPIX and DXNLX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ULPIX vs. DXNLX — Risk / Return Rank
ULPIX
DXNLX
ULPIX vs. DXNLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) 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.
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.
| ULPIX | DXNLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.41 | +0.21 |
| Martin ratioReturn relative to average drawdown | 6.47 | 4.48 | +1.99 |
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Drawdowns
ULPIX vs. DXNLX - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.68%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for ULPIX and DXNLX.
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Drawdown Indicators
| ULPIX | DXNLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.68% | -43.77% | -45.91% |
Max Drawdown (1Y)Largest decline over 1 year | -18.30% | -15.91% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -36.59% | -28.35% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -46.92% | -43.77% | -3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -59.41% | — | — |
Current DrawdownCurrent decline from peak | -5.45% | -10.69% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -33.67% | -8.65% | -25.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 4.99% | -0.43% |
Volatility
ULPIX vs. DXNLX - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) and Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) have volatilities of 6.90% and 6.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULPIX | DXNLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 6.96% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 19.44% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.68% | 23.72% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.14% | 28.79% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.45% | 28.93% | +6.52% |
ULPIX vs. DXNLX - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than DXNLX's 1.19% expense ratio.
Dividends
ULPIX vs. DXNLX - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 7.98%, more than DXNLX's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.89% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% |
ULPIX ProFunds UltraBull Fund | 7.98% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, ULPIX and DXNLX 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.
DXNLX has higher volatility (6.96%) compared to ULPIX (6.90%). In terms of maximum drawdown, ULPIX dropped -89.68% vs DXNLX's -43.77%.
ULPIX currently has the higher Sharpe Ratio (1.15 vs 0.94), 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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