NFLU vs. AIRR
NFLU (T-REX 2X Long Netflix Daily Target ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - NFLU is a Leveraged Equities fund actively managed by REX Shares, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. NFLU is actively managed, while AIRR is passively managed. Over the past year, NFLU returned -70.21% vs 37.54% for AIRR. Their 0.05 correlation means their historical movements had little consistent relationship. NFLU charges 1.05%/yr vs 0.69%/yr for AIRR.
Performance
NFLU vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, NFLU achieves a -50.09% return, which is significantly lower than AIRR's 19.12% return.
NFLU
- 1D
- -4.37%
- 1M
- -16.63%
- 6M
- -36.31%
- YTD
- -50.09%
- 1Y
- -70.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.46%
AIRR
- 1D
- 1.59%
- 1M
- -7.04%
- 6M
- 6.28%
- YTD
- 19.12%
- 1Y
- 37.54%
- 3Y*
- 29.02%
- 5Y*
- 23.37%
- 10Y*
- 20.11%
- ALL TIME*
- 15.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.28M | $88.15M | $93.52M | |
| $3.54M | $5.25M | $4.46M |
NFLU vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFLU T-REX 2X Long Netflix Daily Target ETF | -50.09% | -12.47% | 50.22% |
AIRR First Trust RBA American Industrial Renaissance ETF | 19.12% | 27.92% | 4.05% |
Correlation
The correlation between NFLU and AIRR is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.05 |
The correlation between NFLU and AIRR shifts across timeframes, from -0.16 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLU vs. AIRR — Risk / Return Rank
NFLU
AIRR
NFLU vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long Netflix Daily Target ETF (NFLU) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| NFLU | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.21 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.01 | -2.92 |
| Martin ratioReturn relative to average drawdown | -1.44 | 7.71 | -9.15 |
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Drawdowns
NFLU vs. AIRR - Drawdown Comparison
The maximum NFLU drawdown since its inception was -80.45%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for NFLU and AIRR.
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Drawdown Indicators
| NFLU | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.45% | -42.37% | -38.08% |
Max Drawdown (1Y)Largest decline over 1 year | -77.14% | -17.18% | -59.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -78.21% | -12.16% | -66.05% |
Average DrawdownAverage peak-to-trough decline | -32.00% | -7.46% | -24.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.81% | 4.48% | +44.33% |
Volatility
NFLU vs. AIRR - Volatility Comparison
T-REX 2X Long Netflix Daily Target ETF (NFLU) has a higher volatility of 23.16% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 10.08%. This indicates that NFLU's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLU | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.16% | 10.08% | +13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 55.99% | 22.37% | +33.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.89% | 28.07% | +41.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.64% | 25.72% | +43.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.64% | 26.47% | +43.17% |
NFLU vs. AIRR - Expense Ratio Comparison
NFLU has a 1.05% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
NFLU vs. AIRR - Dividend Comparison
NFLU has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
NFLU T-REX 2X Long Netflix Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLU and AIRR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLU has higher volatility (23.16%) compared to AIRR (10.08%). In terms of maximum drawdown, NFLU dropped -80.45% vs AIRR's -42.37%.
On 1-year performance, AIRR leads with 37.54% vs -70.21% for NFLU. On fees, AIRR is cheaper at 0.69% per year. On volatility, AIRR has been the lower-risk option at 10.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIRR has performed better with a 37.54% return vs -70.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIRR is cheaper with a 0.69% expense ratio, compared with 1.05% for NFLU.
AIRR has the higher dividend yield at 0.09%, compared with 0.00% for NFLU.
NFLU is categorized as Leveraged Equities, while AIRR is Building & Construction. They also come from different issuers: REX Shares and First Trust. Their fees differ too: 1.05% for NFLU and 0.69% for AIRR.
AIRR currently has the higher Sharpe Ratio (1.23 vs -1.01), 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.
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