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Direxion Daily NFLX Bull 2X Shares (NFXL)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
Direxion
Inception Date
Oct 2, 2024
Leveraged
2x
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily NFLX Bull 2X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Direxion Daily NFLX Bull 2X Shares (NFXL) has returned -1.24% so far this year and -15.41% over the past 12 months.


Direxion Daily NFLX Bull 2X Shares

1D
6.82%
1M
-1.72%
YTD
-1.24%
6M
-43.47%
1Y
-15.41%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 3, 2024, NFXL's average daily return is +0.17%, while the average monthly return is +3.42%. At this rate, your investment would double in approximately 1.7 years.

Historically, 44% of months were positive and 56% were negative. The best month was Apr 2025 with a return of +42.6%, while the worst month was Jul 2025 at -26.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NFXL closed higher 51% of trading days. The best single day was Feb 27, 2026 with a return of +27.7%, while the worst single day was Oct 22, 2025 at -20.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-21.86%28.60%-1.72%-1.24%
202517.46%-0.23%-12.31%42.62%12.19%22.04%-26.46%7.19%-2.79%-15.22%-9.45%-25.44%-11.98%
202412.18%35.29%-0.52%50.97%

Benchmark Metrics

Direxion Daily NFLX Bull 2X Shares has an annualized alpha of 27.78%, beta of 1.67, and R² of 0.17 versus S&P 500 Index. Calculated based on daily prices since October 04, 2024.

  • This ETF captured 34.04% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -123.20%) — a profile typical of hedging or uncorrelated assets.
  • R² of 0.17 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
27.78%
Beta
1.67
0.17
Upside Capture
34.04%
Downside Capture
-123.20%

Expense Ratio

NFXL has a high expense ratio of 1.06%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

NFXL ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


NFXL Risk / Return Rank: 99
Overall Rank
NFXL Sharpe Ratio Rank: 88
Sharpe Ratio Rank
NFXL Sortino Ratio Rank: 1111
Sortino Ratio Rank
NFXL Omega Ratio Rank: 1111
Omega Ratio Rank
NFXL Calmar Ratio Rank: 88
Calmar Ratio Rank
NFXL Martin Ratio Rank: 99
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and compare them to a chosen benchmark (S&P 500 Index).


NFXLBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.23

0.90

-1.12

Sortino ratio

Return per unit of downside risk

0.13

1.39

-1.25

Omega ratio

Gain probability vs. loss probability

1.02

1.21

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.22

1.40

-1.61

Martin ratio

Return relative to average drawdown

-0.40

6.61

-7.01

Explore NFXL risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Direxion Daily NFLX Bull 2X Shares provided a 8.08% dividend yield over the last twelve months, with an annual payout of $2.43 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50$2.00$2.5020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$2.43$2.44$0.22

Dividend yield

8.08%7.97%0.59%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily NFLX Bull 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.19$0.19
2025$0.00$0.00$0.20$0.00$0.00$0.35$0.00$0.00$0.36$0.00$0.00$1.53$2.44
2024$0.22$0.22

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily NFLX Bull 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily NFLX Bull 2X Shares was 71.97%, occurring on Feb 23, 2026. The portfolio has not yet recovered.

The current Direxion Daily NFLX Bull 2X Shares drawdown is 56.68%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-71.97%Jul 1, 2025163Feb 23, 2026
-37.55%Feb 18, 202534Apr 4, 202513Apr 24, 202547
-22.85%Dec 12, 202421Jan 14, 20255Jan 22, 202526
-12.44%Oct 11, 20245Oct 17, 20241Oct 18, 20246
-8.17%May 5, 20256May 12, 20253May 15, 20259

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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