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 -73.11% vs -41.73% 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 -45.89% return, which is significantly lower than NFLX's -21.58% return.
NFXL
- 1D
- -0.97%
- 1M
- -18.12%
- 6M
- -41.46%
- YTD
- -45.89%
- 1Y
- -73.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLX
- 1D
- -0.41%
- 1M
- -8.48%
- 6M
- -18.59%
- YTD
- -21.58%
- 1Y
- -41.73%
- 3Y*
- 18.50%
- 5Y*
- 6.25%
- 10Y*
- 22.28%
NFXL vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -45.89% | -11.98% | 51.02% |
NFLX Netflix, Inc. | -21.58% | 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 | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.77 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.94 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.53 | -1.67 | +0.14 |
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Drawdowns
NFXL vs. NFLX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -77.64%, 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 | -77.64% | -81.99% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -75.22% | -44.36% | -30.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.06% | — |
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 | -76.27% | -45.09% | -31.18% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -24.97% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.77% | 25.01% | +22.76% |
Volatility
NFXL vs. NFLX - Volatility Comparison
Direxion Daily NFLX Bull 2X Shares (NFXL) has a higher volatility of 23.38% compared to Netflix, Inc. (NFLX) at 11.85%. 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 | 23.38% | 11.85% | +11.53% |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | 26.82% | +26.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.76% | 34.38% | +34.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.57% | 43.38% | +26.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.57% | 41.53% | +28.04% |
Dividends
NFXL vs. NFLX - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 13.18%, 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 | 13.18% | 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 (23.38%) compared to NFLX (11.85%). In terms of maximum drawdown, NFXL dropped -77.64% vs NFLX's -81.99%.
NFXL currently has the higher Sharpe Ratio (-1.07 vs -1.22), 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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