NFXL vs. BRKW

Last updated Jun 3, 2026

NFXL (Direxion Daily NFLX Bull 2X Shares) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - NFXL is a Leveraged Equities fund actively managed by Direxion, while BRKW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. NFXL charges 1.06%/yr vs 0.99%/yr for BRKW.

Performance

NFXL vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NFLX Bull 2X Shares (NFXL) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFXL achieves a -28.60% return, which is significantly lower than BRKW's -7.76% return.

NFXL

• 1D: -5.81%
• 1M: -19.33%
• YTD: -28.60%
• 6M: -48.60%
• 1Y: -62.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.91%
• 1M: 1.58%
• YTD: -7.76%
• 6M: -8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFXL vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
NFXL Direxion Daily NFLX Bull 2X Shares	-28.60%	-47.55%
BRKW Roundhill BRKB WeeklyPay ETF	-7.76%	2.09%

Correlation

The correlation between NFXL and BRKW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.14

NFXL vs. BRKW - Sectors Allocation Comparison

Sectors	NFXL	BRKW
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	7.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NFXL vs. BRKW — Risk / Return Rank

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

NFXL

NFXL Risk / Return Rank: 1
NFXL Sharpe Ratio Rank: 1
NFXL Sortino Ratio Rank: 1
NFXL Omega Ratio Rank: 1
NFXL Calmar Ratio Rank: 1
NFXL Martin Ratio Rank: 2

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.

NFXL vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	NFXL	BRKW	Difference
Sharpe ratio Return per unit of total volatility	-0.95	—	—
Sortino ratio Return per unit of downside risk	-1.54	—	—
Omega ratio Gain probability vs. loss probability	0.80	—	—
Calmar ratio Return relative to maximum drawdown	-0.86	—	—
Martin ratio Return relative to average drawdown	-1.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NFXL	BRKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	-0.36	+0.31

Drawdowns

NFXL vs. BRKW - Drawdown Comparison

The maximum NFXL drawdown since its inception was -71.97%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for NFXL and BRKW.

Drawdown Indicators

	NFXL	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-71.97%	-12.64%	-59.33%
Max Drawdown (1Y) Largest decline over 1 year	-71.97%	—	—
Current Drawdown Current decline from peak	-68.68%	-10.70%	-57.98%
Average Drawdown Average peak-to-trough decline	-27.97%	-5.34%	-22.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.86%	—	—

Volatility

Volatility by Period

	NFXL	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	51.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	66.27%	17.23%	+49.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.51%	17.23%	+52.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.51%	17.23%	+52.28%

NFXL vs. BRKW - Expense Ratio Comparison

NFXL has a 1.06% expense ratio, which is higher than BRKW's 0.99% expense ratio.

Dividends

NFXL vs. BRKW - Dividend Comparison

NFXL's dividend yield for the trailing twelve months is around 11.17%, less than BRKW's 25.19% yield.

Position	TTM	2025	2024
BRKW Roundhill BRKB WeeklyPay ETF	25.19%	14.45%	0.00%
NFXL Direxion Daily NFLX Bull 2X Shares	11.17%	7.97%	0.59%

Frequently Asked Questions

Can I hold both NFXL and BRKW in my portfolio?

NFXL and BRKW 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 ETF is better, NFXL or BRKW?

On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFXL or BRKW?

BRKW is cheaper with a 0.99% expense ratio, compared with 1.06% for NFXL.

Which ETF pays a higher dividend yield, NFXL or BRKW?

BRKW has the higher dividend yield at 25.19%, compared with 11.17% for NFXL.

What is the main difference between NFXL and BRKW?

NFXL is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.06% for NFXL and 0.99% for BRKW.