LJUL vs. NFXS

Last updated Jun 24, 2026

LJUL (Innovator Premium Income 15 Buffer ETF - July) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - LJUL is a Defined Outcome fund actively managed by Innovator, while NFXS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, LJUL returned 5.58% vs 64.26% for NFXS. At a correlation of -0.25, they often move in opposite directions. LJUL charges 0.79%/yr vs 1.03%/yr for NFXS.

Performance

LJUL vs. NFXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - July (LJUL) and Direxion Daily NFLX Bear 1X Shares (NFXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LJUL achieves a 2.02% return, which is significantly lower than NFXS's 24.21% return.

LJUL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 2.02%
• 6M: 2.13%
• 1Y: 5.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFXS

• 1D: 0.09%
• 1M: 21.28%
• YTD: 24.21%
• 6M: 24.00%
• 1Y: 64.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LJUL vs. NFXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LJUL Innovator Premium Income 15 Buffer ETF - July	2.02%	5.91%	1.35%
NFXS Direxion Daily NFLX Bear 1X Shares	24.21%	-8.56%	-21.49%

Correlation

The correlation between LJUL and NFXS is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	-0.25

The correlation between LJUL and NFXS shifts across timeframes, from -0.25 (all time) to -0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LJUL vs. NFXS — Risk / Return Rank

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

LJUL

LJUL Risk / Return Rank: 97
LJUL Sharpe Ratio Rank: 95
LJUL Sortino Ratio Rank: 97
LJUL Omega Ratio Rank: 97
LJUL Calmar Ratio Rank: 98
LJUL Martin Ratio Rank: 98

NFXS

NFXS Risk / Return Rank: 55
NFXS Sharpe Ratio Rank: 65
NFXS Sortino Ratio Rank: 60
NFXS Omega Ratio Rank: 68
NFXS Calmar Ratio Rank: 45
NFXS Martin Ratio Rank: 39

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.

LJUL vs. NFXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - July (LJUL) and Direxion Daily NFLX Bear 1X Shares (NFXS). 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.

	LJUL	NFXS	Difference
Sharpe ratio: Return per unit of total volatility	3.55	1.91	+1.63
Sortino ratio: Return per unit of downside risk	5.81	2.55	+3.26
Omega ratio: Gain probability vs. loss probability	1.88	1.36	+0.52
Calmar ratio: Return relative to maximum drawdown	10.68	2.06	+8.62
Martin ratio: Return relative to average drawdown	53.94	5.64	+48.31

LJUL vs. NFXS - Sharpe Ratio Comparison

The current LJUL Sharpe Ratio is 3.55, which is higher than the NFXS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of LJUL and NFXS, 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

LJUL vs. NFXS - Drawdown Comparison

The maximum LJUL drawdown since its inception was -4.85%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for LJUL and NFXS.

Drawdown Indicators

	LJUL	NFXS	Difference
Max Drawdown Largest peak-to-trough decline	-4.85%	-50.37%	+45.52%
Max Drawdown (1Y) Largest decline over 1 year	-0.52%	-31.31%	+30.79%
Current Drawdown Current decline from peak	0.00%	-12.88%	+12.88%
Average Drawdown Average peak-to-trough decline	-0.69%	-31.93%	+31.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	11.45%	-11.35%

Volatility

LJUL vs. NFXS - Volatility Comparison

The current volatility for Innovator Premium Income 15 Buffer ETF - July (LJUL) is 0.12%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.74%. This indicates that LJUL experiences smaller price fluctuations and is considered to be less risky than NFXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LJUL	NFXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.12%	7.74%	-7.62%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	26.22%	-25.17%
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	33.81%	-32.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	34.65%	-30.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.30%	34.65%	-30.35%

LJUL vs. NFXS - Expense Ratio Comparison

LJUL has a 0.79% expense ratio, which is lower than NFXS's 1.03% expense ratio.

Dividends

LJUL vs. NFXS - Dividend Comparison

LJUL's dividend yield for the trailing twelve months is around 5.22%, more than NFXS's 3.23% yield.

Position	TTM	2025	2024
LJUL Innovator Premium Income 15 Buffer ETF - July	5.22%	5.36%	2.78%
NFXS Direxion Daily NFLX Bear 1X Shares	3.23%	3.53%	0.87%

Frequently Asked Questions

Can I hold both LJUL and NFXS in my portfolio?

LJUL and NFXS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LJUL or NFXS?

NFXS has higher volatility (7.74%) compared to LJUL (0.12%). In terms of maximum drawdown, LJUL dropped -4.85% vs NFXS's -50.37%.

Which ETF is better, LJUL or NFXS?

On 1-year performance, NFXS leads with 64.26% vs 5.58% for LJUL. On fees, LJUL is cheaper at 0.79% per year. On volatility, LJUL has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LJUL or NFXS?

Over the 1-year period, NFXS has performed better with a 64.26% return vs 5.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LJUL or NFXS?

LJUL is cheaper with a 0.79% expense ratio, compared with 1.03% for NFXS.

Which ETF pays a higher dividend yield, LJUL or NFXS?

LJUL has the higher dividend yield at 5.22%, compared with 3.23% for NFXS.

What is the main difference between LJUL and NFXS?

LJUL is categorized as Defined Outcome, while NFXS is Inverse Equities. They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for LJUL and 1.03% for NFXS.

Which has better risk-adjusted returns?

LJUL currently has the higher Sharpe Ratio (3.55 vs 1.91), 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.