UTPIX vs. DXNLX

Last updated Jun 4, 2026

UTPIX (ProFunds Utilities UltraSector Fund) and DXNLX (Direxion Monthly NASDAQ-100 Bull 1.25X Fund) are both Leveraged Equities funds. Over the past 5 years, UTPIX returned 8.39%/yr vs 19.45%/yr for DXNLX. At a 0.24 correlation, their price movements are largely independent. UTPIX charges 1.73%/yr vs 1.19%/yr for DXNLX.

Performance

UTPIX vs. DXNLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Utilities UltraSector Fund (UTPIX) 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, UTPIX achieves a 2.78% return, which is significantly lower than DXNLX's 25.47% return.

UTPIX

• 1D: 2.89%
• 1M: -8.42%
• YTD: 2.78%
• 6M: -0.30%
• 1Y: 9.89%
• 3Y*: 14.68%
• 5Y*: 8.39%
• 10Y*: 8.51%

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)

UTPIX vs. DXNLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTPIX ProFunds Utilities UltraSector Fund	2.78%	19.28%	27.74%	-15.46%	-2.31%	23.33%	-8.87%	34.24%	2.30%	16.40%
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 UTPIX and DXNLX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.24

The correlation between UTPIX and DXNLX shifts across timeframes, from 0.11 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

UTPIX vs. DXNLX — Risk / Return Rank

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

UTPIX

UTPIX Risk / Return Rank: 6
UTPIX Sharpe Ratio Rank: 6
UTPIX Sortino Ratio Rank: 6
UTPIX Omega Ratio Rank: 6
UTPIX Calmar Ratio Rank: 7
UTPIX Martin Ratio Rank: 6

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.

UTPIX vs. DXNLX - Risk-Adjusted Trends Comparison

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

	UTPIX	DXNLX	Difference
Sharpe ratio Return per unit of total volatility	0.46	2.56	-2.10
Sortino ratio Return per unit of downside risk	0.77	3.25	-2.49
Omega ratio Gain probability vs. loss probability	1.09	1.43	-0.33
Calmar ratio Return relative to maximum drawdown	0.69	3.23	-2.53
Martin ratio Return relative to average drawdown	1.56	11.90	-10.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTPIX vs. DXNLX - Sharpe Ratio Comparison

The current UTPIX Sharpe Ratio is 0.46, which is lower than the DXNLX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of UTPIX 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

	UTPIX	DXNLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	2.56	-2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.69	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.86	-0.62

Drawdowns

UTPIX vs. DXNLX - Drawdown Comparison

The maximum UTPIX drawdown since its inception was -73.56%, which is greater than DXNLX's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for UTPIX and DXNLX.

Drawdown Indicators

	UTPIX	DXNLX	Difference
Max Drawdown Largest peak-to-trough decline	-73.56%	-43.77%	-29.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-15.91%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-25.70%	-28.35%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-38.73%	-43.77%	+5.04%
Max Drawdown (10Y) Largest decline over 10 years	-50.82%	—	—
Current Drawdown Current decline from peak	-12.35%	0.00%	-12.35%
Average Drawdown Average peak-to-trough decline	-21.90%	-8.71%	-13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	4.31%	+2.28%

Volatility

UTPIX vs. DXNLX - Volatility Comparison

ProFunds Utilities UltraSector Fund (UTPIX) has a higher volatility of 8.37% compared to Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) at 5.54%. This indicates that UTPIX'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

	UTPIX	DXNLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	5.54%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	15.18%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	22.15%	20.04%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.04%	28.25%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	28.84%	+0.23%

UTPIX vs. DXNLX - Expense Ratio Comparison

UTPIX has a 1.73% expense ratio, which is higher than DXNLX's 1.19% expense ratio.

Dividends

UTPIX vs. DXNLX - Dividend Comparison

UTPIX's dividend yield for the trailing twelve months is around 0.75%, less than DXNLX's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
UTPIX ProFunds Utilities UltraSector Fund	0.75%	0.77%	0.00%	1.74%	0.97%	0.20%	0.58%	1.72%	0.66%	0.74%	0.83%	1.41%

Frequently Asked Questions

Can I hold both UTPIX and DXNLX in my portfolio?

UTPIX and DXNLX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTPIX or DXNLX?

UTPIX has higher volatility (8.37%) compared to DXNLX (5.54%). In terms of maximum drawdown, UTPIX dropped -73.56% vs DXNLX's -43.77%.

Which has better risk-adjusted returns?

DXNLX currently has the higher Sharpe Ratio (2.56 vs 0.46), 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.