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 -72.67% vs 43.19% for AIRR. At a 0.06 correlation, their price movements are largely independent. 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 -45.99% return, which is significantly lower than AIRR's 23.60% return.
NFLU
- 1D
- 1.39%
- 1M
- -17.32%
- 6M
- -40.55%
- YTD
- -45.99%
- 1Y
- -72.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIRR
- 1D
- -1.76%
- 1M
- -6.18%
- 6M
- 11.62%
- YTD
- 23.60%
- 1Y
- 43.19%
- 3Y*
- 31.65%
- 5Y*
- 25.07%
- 10Y*
- 20.37%
NFLU vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFLU T-REX 2X Long Netflix Daily Target ETF | -45.99% | -12.47% | 50.22% |
AIRR First Trust RBA American Industrial Renaissance ETF | 23.60% | 27.92% | 4.05% |
Correlation
The correlation between NFLU and AIRR 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 Sep 27, 2024 | 0.06 |
The correlation between NFLU and AIRR shifts across timeframes, from -0.14 (1 year) to 0.06 (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 | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.27 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 3.32 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.51 | 11.47 | -12.98 |
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Drawdowns
NFLU vs. AIRR - Drawdown Comparison
The maximum NFLU drawdown since its inception was -77.98%, 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 | -77.98% | -42.37% | -35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -75.70% | -13.09% | -62.61% |
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 | -76.42% | -8.86% | -67.56% |
Average DrawdownAverage peak-to-trough decline | -30.55% | -7.45% | -23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.98% | 3.78% | +44.20% |
Volatility
NFLU vs. AIRR - Volatility Comparison
T-REX 2X Long Netflix Daily Target ETF (NFLU) has a higher volatility of 23.42% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.25%. 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 | 23.42% | 9.25% | +14.17% |
Volatility (6M)Calculated over the trailing 6-month period | 53.45% | 21.15% | +32.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 27.11% | +42.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.34% | 25.53% | +43.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.34% | 26.35% | +42.99% |
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 -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLU has higher volatility (23.42%) compared to AIRR (9.25%). In terms of maximum drawdown, NFLU dropped -77.98% vs AIRR's -42.37%.
On 1-year performance, AIRR leads with 43.19% vs -72.67% for NFLU. On fees, AIRR is cheaper at 0.69% per year. On volatility, AIRR has been the lower-risk option at 9.25%. 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 43.19% return vs -72.67%. 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 (1.60 vs -1.06), 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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