NFXL vs. NEMG

Last updated Jun 24, 2026

NFXL (Direxion Daily NFLX Bull 2X Shares) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. NFXL charges 1.06%/yr vs 0.75%/yr for NEMG.

Performance

NFXL vs. NEMG - Performance Comparison

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

Returns By Period

In the year-to-date period, NFXL achieves a -46.29% return, which is significantly lower than NEMG's -20.44% return.

NFXL

• 1D: -0.46%
• 1M: -33.63%
• YTD: -46.29%
• 6M: -46.11%
• 1Y: -73.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -7.98%
• 1M: -20.02%
• YTD: -20.44%
• 6M: -28.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFXL vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
NFXL Direxion Daily NFLX Bull 2X Shares	-46.29%	-31.15%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between NFXL and NEMG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.07

Return for Risk

NFXL vs. NEMG — 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: 0
NFXL Omega Ratio Rank: 0
NFXL Calmar Ratio Rank: 1
NFXL Martin Ratio Rank: 1

NEMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

	NFXL	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	—	—
Sortino ratio: Return per unit of downside risk	-2.10	—	—
Omega ratio: Gain probability vs. loss probability	0.74	—	—
Calmar ratio: Return relative to maximum drawdown	-0.96	—	—
Martin ratio: Return relative to average drawdown	-1.50	—	—

Drawdowns

NFXL vs. NEMG - Drawdown Comparison

The maximum NFXL drawdown since its inception was -76.44%, which is greater than NEMG's maximum drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for NFXL and NEMG.

Drawdown Indicators

	NFXL	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-76.44%	-57.56%	-18.88%
Max Drawdown (1Y) Largest decline over 1 year	-76.44%	—	—
Current Drawdown Current decline from peak	-76.44%	-53.44%	-23.00%
Average Drawdown Average peak-to-trough decline	-29.33%	-23.21%	-6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.86%	—	—

Volatility

Volatility by Period

	NFXL	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.58%	102.63%	-35.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.38%	102.63%	-33.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.38%	102.63%	-33.25%

NFXL vs. NEMG - Expense Ratio Comparison

NFXL has a 1.06% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

NFXL vs. NEMG - Dividend Comparison

NFXL's dividend yield for the trailing twelve months is around 15.44%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%
NFXL Direxion Daily NFLX Bull 2X Shares	15.44%	7.97%	0.59%

Frequently Asked Questions

Can I hold both NFXL and NEMG in my portfolio?

NFXL and NEMG have a correlation of 0.07, 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 NEMG?

On fees, NEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFXL or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.06% for NFXL.

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

NFXL has the higher dividend yield at 15.44%, compared with 0.00% for NEMG.

What is the main difference between NFXL and NEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.06% for NFXL and 0.75% for NEMG.