UOPIX vs. DXQLX
Compare and contrast key facts about ProFunds UltraNASDAQ-100 Fund (UOPIX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).
UOPIX is managed by ProFunds. It was launched on Nov 30, 1997. DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UOPIX or DXQLX.
Key characteristics
UOPIX | DXQLX | |
---|---|---|
YTD Return | 44.97% | 41.20% |
1Y Return | 76.13% | 66.91% |
3Y Return (Ann) | 3.23% | 2.22% |
5Y Return (Ann) | 22.45% | 26.99% |
10Y Return (Ann) | 23.53% | 24.25% |
Sharpe Ratio | 2.08 | 2.09 |
Sortino Ratio | 2.56 | 2.61 |
Omega Ratio | 1.34 | 1.35 |
Calmar Ratio | 1.82 | 1.67 |
Martin Ratio | 9.05 | 9.63 |
Ulcer Index | 8.10% | 6.71% |
Daily Std Dev | 35.30% | 30.89% |
Max Drawdown | -98.91% | -91.88% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between UOPIX and DXQLX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UOPIX vs. DXQLX - Performance Comparison
In the year-to-date period, UOPIX achieves a 44.97% return, which is significantly higher than DXQLX's 41.20% return. Both investments have delivered pretty close results over the past 10 years, with UOPIX having a 23.53% annualized return and DXQLX not far ahead at 24.25%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UOPIX vs. DXQLX - Expense Ratio Comparison
UOPIX has a 1.47% expense ratio, which is higher than DXQLX's 1.39% expense ratio.
Risk-Adjusted Performance
UOPIX vs. DXQLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraNASDAQ-100 Fund (UOPIX) 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.
Dividends
UOPIX vs. DXQLX - Dividend Comparison
UOPIX's dividend yield for the trailing twelve months is around 0.40%, more than DXQLX's 0.32% yield.
TTM | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|
ProFunds UltraNASDAQ-100 Fund | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.32% | 0.00% | 0.00% | 0.00% | 0.28% |
Drawdowns
UOPIX vs. DXQLX - Drawdown Comparison
The maximum UOPIX drawdown since its inception was -98.91%, which is greater than DXQLX's maximum drawdown of -91.88%. Use the drawdown chart below to compare losses from any high point for UOPIX and DXQLX. For additional features, visit the drawdowns tool.
Volatility
UOPIX vs. DXQLX - Volatility Comparison
ProFunds UltraNASDAQ-100 Fund (UOPIX) has a higher volatility of 10.32% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 8.91%. This indicates that UOPIX'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.