UTPIX vs. DXQLX

Last updated Jun 24, 2026

UTPIX (ProFunds Utilities UltraSector Fund) and DXQLX (Direxion Monthly NASDAQ-100 Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, UTPIX returned 8.67%/yr vs 35.37%/yr for DXQLX. At a 0.37 correlation, their price movements are largely independent. UTPIX charges 1.73%/yr vs 1.39%/yr for DXQLX.

Performance

UTPIX vs. DXQLX - 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 1.75X Fund (DXQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTPIX achieves a 6.24% return, which is significantly lower than DXQLX's 32.69% return. Over the past 10 years, UTPIX has underperformed DXQLX with an annualized return of 8.67%, while DXQLX has yielded a comparatively higher 35.37% annualized return.

UTPIX

• 1D: 0.73%
• 1M: -1.78%
• YTD: 6.24%
• 6M: 6.46%
• 1Y: 15.15%
• 3Y*: 15.70%
• 5Y*: 9.99%
• 10Y*: 8.67%

DXQLX

• 1D: -0.38%
• 1M: 4.57%
• YTD: 32.69%
• 6M: 29.56%
• 1Y: 66.28%
• 3Y*: 42.09%
• 5Y*: 20.86%
• 10Y*: 35.37%

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

UTPIX vs. DXQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTPIX ProFunds Utilities UltraSector Fund	6.24%	19.28%	27.74%	-15.46%	-2.31%	23.33%	-8.87%	34.24%	2.30%	15.83%
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	32.69%	29.99%	39.26%	97.59%	-57.72%	55.98%	100.94%	79.36%	-81.54%	743.06%

Correlation

The correlation between UTPIX and DXQLX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 1, 2006	0.37

Over the past year, the correlation between UTPIX and DXQLX has dropped to 0.08 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

UTPIX vs. DXQLX — Risk / Return Rank

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

UTPIX

UTPIX Risk / Return Rank: 11
UTPIX Sharpe Ratio Rank: 10
UTPIX Sortino Ratio Rank: 10
UTPIX Omega Ratio Rank: 10
UTPIX Calmar Ratio Rank: 13
UTPIX Martin Ratio Rank: 9

DXQLX

DXQLX Risk / Return Rank: 62
DXQLX Sharpe Ratio Rank: 70
DXQLX Sortino Ratio Rank: 50
DXQLX Omega Ratio Rank: 53
DXQLX Calmar Ratio Rank: 74
DXQLX 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. DXQLX - 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 1.75X 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.

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.

	UTPIX	DXQLX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.24	-1.47
Sortino ratio: Return per unit of downside risk	1.15	2.74	-1.59
Omega ratio: Gain probability vs. loss probability	1.14	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	1.17	3.18	-2.01
Martin ratio: Return relative to average drawdown	2.45	11.33	-8.88

UTPIX vs. DXQLX - Sharpe Ratio Comparison

The current UTPIX Sharpe Ratio is 0.78, which is lower than the DXQLX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of UTPIX and DXQLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UTPIX vs. DXQLX - Drawdown Comparison

The maximum UTPIX drawdown since its inception was -73.56%, smaller than the maximum DXQLX drawdown of -96.04%. Use the drawdown chart below to compare losses from any high point for UTPIX and DXQLX.

Drawdown Indicators

	UTPIX	DXQLX	Difference
Max Drawdown Largest peak-to-trough decline	-73.56%	-96.04%	+22.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-21.88%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-25.70%	-37.99%	+12.29%
Max Drawdown (5Y) Largest decline over 5 years	-38.73%	-60.79%	+22.06%
Max Drawdown (10Y) Largest decline over 10 years	-50.82%	-87.23%	+36.41%
Current Drawdown Current decline from peak	-9.40%	-1.97%	-7.43%
Average Drawdown Average peak-to-trough decline	-21.88%	-51.48%	+29.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	6.13%	+0.92%

Volatility

UTPIX vs. DXQLX - Volatility Comparison

The current volatility for ProFunds Utilities UltraSector Fund (UTPIX) is 8.14%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 14.93%. This indicates that UTPIX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTPIX	DXQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.14%	14.93%	-6.79%
Volatility (6M) Calculated over the trailing 6-month period	17.92%	24.95%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.40%	31.12%	-8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	42.53%	-16.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.11%	138.85%	-109.74%

UTPIX vs. DXQLX - Expense Ratio Comparison

UTPIX has a 1.73% expense ratio, which is higher than DXQLX's 1.39% expense ratio.

Dividends

UTPIX vs. DXQLX - Dividend Comparison

UTPIX's dividend yield for the trailing twelve months is around 0.73%, less than DXQLX's 11.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund	11.15%	14.50%	0.33%	0.00%	0.00%	11.75%	10.90%	3.37%	7.37%	5.72%	0.00%	0.00%
UTPIX ProFunds Utilities UltraSector Fund	0.73%	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 DXQLX in my portfolio?

UTPIX and DXQLX have a correlation of 0.08, 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 DXQLX?

DXQLX has higher volatility (14.93%) compared to UTPIX (8.14%). In terms of maximum drawdown, UTPIX dropped -73.56% vs DXQLX's -96.04%.

Which has better risk-adjusted returns?

DXQLX currently has the higher Sharpe Ratio (2.24 vs 0.78), 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.