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 -68.22% vs -36.71% for NFLX. Their 1.00 correlation means they have historically moved very closely together.
Performance
NFXL vs. NFLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFXL achieves a -46.98% return, which is significantly lower than NFLX's -21.79% return.
NFXL
- 1D
- 4.63%
- 1M
- -12.43%
- 6M
- -31.11%
- YTD
- -46.98%
- 1Y
- -68.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -17.39%
NFLX
- 1D
- 2.26%
- 1M
- -5.56%
- 6M
- -11.39%
- YTD
- -21.79%
- 1Y
- -36.71%
- 3Y*
- 19.33%
- 5Y*
- 7.23%
- 10Y*
- 22.42%
- ALL TIME*
- 30.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NFLX Netflix, Inc. | $3.11B | $3.47B | $3.40B |
| $17.34M | $25.07M | $22.41M |
NFXL vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -46.98% | -11.98% | 51.02% |
NFLX Netflix, Inc. | -21.79% | 5.19% | 25.35% |
Correlation
The correlation between NFXL and NFLX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.81 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.79 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.39 | -0.01 |
Loading charts...
Drawdowns
NFXL vs. NFLX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -80.15%, roughly equal to the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for NFXL and NFLX.
Loading charts...
Drawdown Indicators
| NFXL | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.15% | -81.99% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -76.83% | -46.49% | -30.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.52% | — |
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 | -76.75% | -45.24% | -31.51% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -25.02% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.80% | 26.50% | +22.30% |
Volatility
NFXL vs. NFLX - Volatility Comparison
Direxion Daily NFLX Bull 2X Shares (NFXL) has a higher volatility of 21.79% compared to Netflix, Inc. (NFLX) at 10.24%. 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.
Loading charts...
Volatility by Period
| NFXL | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.79% | 10.24% | +11.55% |
Volatility (6M)Calculated over the trailing 6-month period | 55.84% | 27.92% | +27.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.89% | 34.89% | +35.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.95% | 43.52% | +26.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.95% | 41.37% | +28.58% |
Dividends
NFXL vs. NFLX - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 13.45%, 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 | 13.45% | 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 (21.79%) compared to NFLX (10.24%). In terms of maximum drawdown, NFXL dropped -80.15% vs NFLX's -81.99%.
NFXL currently has the higher Sharpe Ratio (-0.98 vs -1.06), 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.
Find the right allocation for NFXL and NFLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer