NFLU vs. NFXL

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Long Netflix Daily Target ETF (NFLU) and Direxion Daily NFLX Bull 2X Shares (NFXL).

NFLU and NFXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLU is an actively managed fund by REX Shares. It was launched on Sep 26, 2024. NFXL is an actively managed fund by Direxion. It was launched on Oct 2, 2024.

Performance

NFLU vs. NFXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long Netflix Daily Target ETF (NFLU) and Direxion Daily NFLX Bull 2X Shares (NFXL). The values are adjusted to include any dividend payments, if applicable.

NFLU vs. NFXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLU T-REX 2X Long Netflix Daily Target ETF	-1.14%	-12.47%	50.72%
NFXL Direxion Daily NFLX Bull 2X Shares	-1.24%	-11.98%	50.97%

Returns By Period

In the year-to-date period, NFLU achieves a -1.14% return, which is significantly higher than NFXL's -1.24% return.

NFLU

• 1D: 7.04%
• 1M: -1.60%
• YTD: -1.14%
• 6M: -43.54%
• 1Y: -15.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFXL

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

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

NFLU vs. NFXL - Expense Ratio Comparison

NFLU has a 1.05% expense ratio, which is lower than NFXL's 1.06% expense ratio.

NFXL

Direxion Daily NFLX Bull 2X Shares

NFLU

T-REX 2X Long Netflix Daily Target ETF

Return for Risk

NFLU vs. NFXL — Risk / Return Rank

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

NFLU

NFLU Risk / Return Rank: 9
NFLU Sharpe Ratio Rank: 7
NFLU Sortino Ratio Rank: 11
NFLU Omega Ratio Rank: 11
NFLU Calmar Ratio Rank: 8
NFLU Martin Ratio Rank: 9

NFXL

NFXL Risk / Return Rank: 9
NFXL Sharpe Ratio Rank: 8
NFXL Sortino Ratio Rank: 11
NFXL Omega Ratio Rank: 11
NFXL Calmar Ratio Rank: 8
NFXL Martin Ratio Rank: 9

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.

NFLU vs. NFXL - 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 Direxion Daily NFLX Bull 2X Shares (NFXL). 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.

	NFLU	NFXL	Difference
Sharpe ratio Return per unit of total volatility	-0.23	-0.23	0.00
Sortino ratio Return per unit of downside risk	0.13	0.13	0.00
Omega ratio Gain probability vs. loss probability	1.02	1.02	0.00
Calmar ratio Return relative to maximum drawdown	-0.22	-0.22	0.00
Martin ratio Return relative to average drawdown	-0.41	-0.40	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLU vs. NFXL - Sharpe Ratio Comparison

The current NFLU Sharpe Ratio is -0.23, which is comparable to the NFXL Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of NFLU and NFXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFLU	NFXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	-0.23	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.29	-0.01

Correlation

The correlation between NFLU and NFXL is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NFLU vs. NFXL - Dividend Comparison

NFLU has not paid dividends to shareholders, while NFXL's dividend yield for the trailing twelve months is around 8.08%.

	TTM	2025	2024
NFLU T-REX 2X Long Netflix Daily Target ETF	0.00%	0.00%	0.00%
NFXL Direxion Daily NFLX Bull 2X Shares	8.08%	7.97%	0.59%

Drawdowns

NFLU vs. NFXL - Drawdown Comparison

The maximum NFLU drawdown since its inception was -72.10%, roughly equal to the maximum NFXL drawdown of -71.97%. Use the drawdown chart below to compare losses from any high point for NFLU and NFXL.

Drawdown Indicators

	NFLU	NFXL	Difference
Max Drawdown Largest peak-to-trough decline	-72.10%	-71.97%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	-72.10%	-71.97%	-0.13%
Current Drawdown Current decline from peak	-56.84%	-56.68%	-0.16%
Average Drawdown Average peak-to-trough decline	-24.06%	-24.23%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.59%	38.45%	+0.14%

Volatility

NFLU vs. NFXL - Volatility Comparison

T-REX 2X Long Netflix Daily Target ETF (NFLU) has a higher volatility of 14.93% compared to Direxion Daily NFLX Bull 2X Shares (NFXL) at 13.85%. This indicates that NFLU's price experiences larger fluctuations and is considered to be riskier than NFXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLU	NFXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.93%	13.85%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	53.07%	52.90%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	68.25%	68.25%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.30%	69.70%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.30%	69.70%	-0.40%