NFXL vs. NFLX
NFXL (Direxion Daily NFLX Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while NFLX (Netflix, Inc.) is a stock. Over the past year, NFXL returned -73.19% vs -41.91% for NFLX. With a 1.00 correlation, they move nearly in lockstep.
Performance
NFXL vs. NFLX - Performance Comparison
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Returns By Period
In the year-to-date period, NFXL achieves a -46.29% return, which is significantly lower than NFLX's -22.33% return.
NFXL
- 1D
- -0.46%
- 1M
- -33.63%
- YTD
- -46.29%
- 6M
- -46.11%
- 1Y
- -73.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLX
- 1D
- -0.08%
- 1M
- -17.81%
- YTD
- -22.33%
- 6M
- -22.12%
- 1Y
- -41.91%
- 3Y*
- 19.75%
- 5Y*
- 7.05%
- 10Y*
- 23.47%
NFXL vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -46.29% | -11.98% | 51.02% |
NFLX Netflix, Inc. | -22.33% | 5.19% | 25.35% |
Correlation
The correlation between NFXL and NFLX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 1.00 |
The correlation between NFXL and NFLX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
NFXL vs. NFLX — Risk / Return Rank
NFXL
NFLX
NFXL vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and Netflix, Inc. (NFLX). 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 | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.76 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.92 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.50 | -1.61 | +0.11 |
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Drawdowns
NFXL vs. NFLX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -76.44%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for NFXL and NFLX.
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Drawdown Indicators
| NFXL | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.44% | -81.99% | +5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -76.44% | -45.62% | -30.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.95% | — |
Current DrawdownCurrent decline from peak | -76.44% | -45.62% | -30.82% |
Average DrawdownAverage peak-to-trough decline | -29.33% | -24.92% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.86% | 26.04% | +22.82% |
Volatility
NFXL vs. NFLX - Volatility Comparison
Direxion Daily NFLX Bull 2X Shares (NFXL) has a higher volatility of 15.90% compared to Netflix, Inc. (NFLX) at 7.97%. This indicates that NFXL's price experiences larger fluctuations and is considered to be riskier than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFXL | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.90% | 7.97% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 50.66% | 25.52% | +25.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.58% | 33.79% | +33.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 43.22% | +26.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.38% | 41.55% | +27.83% |
Dividends
NFXL vs. NFLX - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 15.44%, while NFLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% |
NFXL Direxion Daily NFLX Bull 2X Shares | 15.44% | 7.97% | 0.59% |
Frequently Asked Questions
With a correlation of 1.00, NFXL and NFLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
NFXL has higher volatility (15.90%) compared to NFLX (7.97%). In terms of maximum drawdown, NFXL dropped -76.44% vs NFLX's -81.99%.
NFXL currently has the higher Sharpe Ratio (-1.09 vs -1.25), 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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