Direxion Monthly Correlations

DXSLX Fund

USD 79.69 0.09 0.11%

The current 90-days correlation between Direxion Monthly and Direxion Hilton Tactical is 0.82 (i.e., Very poor diversification). The correlation of Direxion Monthly is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Direxion Monthly Correlation With Market

Very good diversification

The correlation between Direxion Monthly Sp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Direxion Monthly Sp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Monthly Sp. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Direxion Mutual Fund

0.97	HCYAX	Direxion Hilton Tactical	Pair Corr
0.97	HCYIX	Direxion Hilton Tactical	Pair Corr
0.95	DXHYX	Direxion Monthly High	Pair Corr
0.78	DXKLX	Direxion Monthly 7	Pair Corr
0.98	DXNLX	Direxion Monthly Nasdaq	Pair Corr
0.94	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.94	DXRLX	Direxion Monthly Small	Pair Corr
0.94	RYVYX	Nasdaq 100 2x	Pair Corr
0.97	RYVLX	Nasdaq 100 2x	Pair Corr
0.94	RYCCX	Nasdaq 100 2x	Pair Corr
0.94	UOPIX	Ultra Nasdaq 100	Pair Corr
0.94	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.94	RMQHX	Monthly Rebalance	Pair Corr
0.98	RMQAX	Monthly Rebalance	Pair Corr
0.94	RMQCX	Monthly Rebalance	Pair Corr
0.88	INPSX	Internet Ultrasector	Pair Corr
0.94	PMPIX	Precious Metals Ultr	Pair Corr
0.94	PMPSX	Precious Metals Ultr	Pair Corr
0.92	FGPMX	Franklin Gold And	Pair Corr
0.93	FRGOX	Franklin Gold Precious	Pair Corr
0.91	MIDSX	Midas Fund Midas	Pair Corr
0.93	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.94	ACTVX	Zero Pon 2025	Pair Corr
0.89	PHLPX	Pimco High Yield	Pair Corr
0.79	VFITX	Vanguard Intermediate-ter	Pair Corr
0.79	CAMSX	Cambiar Small Cap	Pair Corr
0.86	IBTEX	Cf Tips Bd	Pair Corr
0.95	RSGRX	Victory Rs Growth	Pair Corr
0.94	XCAFX	Morgan Stanley China	Pair Corr
0.96	JABLX	Balanced Portfolio	Pair Corr
0.73	BKLSX	Blackrock Insights	Pair Corr
0.75	BERYX	Ishares Enhanced Roll	Pair Corr
0.62	XNXCX	Nuveen Insured California	Pair Corr
0.9	JEQ	Aberdeen Japan Equity	Pair Corr
0.84	GIBRX	Guggenheim Total Return	Pair Corr
1.0	CSXRX	Calvert Large Cap	Pair Corr
0.87	ZSCCX	Zacks Small Cap	Pair Corr
0.69	RYCUX	Utilities Fund Class	Pair Corr

Moving against Direxion Mutual Fund

0.7

DXKSX

Direxion Monthly 7

Pair Corr

Related Correlations Analysis

	HCYAX	HCYIX	DXHYX	DXKSX	DXKLX	DXNLX	DXQLX	DXRLX
HCYAX		1.0	0.98	-0.82	0.88	0.93	0.92	0.94	HCYAX
HCYIX	1.0		0.98	-0.82	0.88	0.93	0.92	0.94	HCYIX
DXHYX	0.98	0.98		-0.86	0.91	0.9	0.89	0.94	DXHYX
DXKSX	-0.82	-0.82	-0.86		-0.99	-0.64	-0.67	-0.7	DXKSX
DXKLX	0.88	0.88	0.91	-0.99		0.73	0.74	0.77	DXKLX
DXNLX	0.93	0.93	0.9	-0.64	0.73		0.96	0.87	DXNLX
DXQLX	0.92	0.92	0.89	-0.67	0.74	0.96		0.86	DXQLX
DXRLX	0.94	0.94	0.94	-0.7	0.77	0.87	0.86		DXRLX
	HCYAX	HCYIX	DXHYX	DXKSX	DXKLX	DXNLX	DXQLX	DXRLX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HCYIX	+ 1.0	HCYAX
DXHYX	+ 0.98	HCYAX
DXHYX	+ 0.98	HCYIX
DXQLX	+ 0.96	DXNLX
DXRLX	+ 0.94	HCYAX
DXRLX	+ 0.94	HCYIX

High negative correlations

DXKLX	- 0.99	DXKSX
DXKSX	- 0.86	DXHYX
DXKSX	- 0.82	HCYIX
DXKSX	- 0.82	HCYAX
DXRLX	- 0.7	DXKSX
DXQLX	- 0.67	DXKSX

Risk-Adjusted Indicators

There is a big difference between Direxion Mutual Fund performing well and Direxion Monthly Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Direxion Monthly's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HCYAX	0.20	0.04	(0.07)	(0.90)	0.00	(0.23)	0.43	(0.37)	1.15
HCYIX	0.19	0.04	(0.08)	(0.99)	0.00	(0.23)	0.38	(0.33)	1.09
DXHYX	0.17	0.02	(0.18)	(1.35)	0.00	(0.21)	0.34	(0.28)	1.14
DXKSX	0.44	(0.01)	0.00	0.14	0.00	0.00	0.64	(0.84)	2.83
DXKLX	0.44	0.01	(0.09)	0.15	0.39	(0.53)	0.91	(0.66)	2.55
DXNLX	0.65	0.17	0.10	(0.59)	0.68	(0.69)	1.60	(1.10)	4.05
DXQLX	0.89	0.17	0.15	0.20	0.94	(0.95)	2.24	(1.43)	5.68
DXRLX	1.45	0.32	0.15	(1.00)	1.32	(1.66)	3.81	(2.32)	8.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC