NFXL vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily NFLX Bull 2X Shares (NFXL) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

NFXL and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFXL is an actively managed fund by Direxion. It was launched on Oct 2, 2024. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019.

Performance

NFXL vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NFLX Bull 2X Shares (NFXL) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

NFXL vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
NFXL Direxion Daily NFLX Bull 2X Shares	-2.42%	-31.36%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, NFXL achieves a -2.42% return, which is significantly lower than NRGU's 139.49% return.

NFXL

• 1D: -1.20%
• 1M: -4.29%
• YTD: -2.42%
• 6M: -41.39%
• 1Y: -15.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFXL vs. NRGU - Expense Ratio Comparison

NFXL has a 1.06% expense ratio, which is higher than NRGU's 0.95% expense ratio.

NFXL

Direxion Daily NFLX Bull 2X Shares

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

NFXL vs. NRGU — Risk / Return Rank

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

NFXL

NFXL Risk / Return Rank: 9
NFXL Sharpe Ratio Rank: 8
NFXL Sortino Ratio Rank: 11
NFXL Omega Ratio Rank: 11
NFXL Calmar Ratio Rank: 8
NFXL Martin Ratio Rank: 8

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

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. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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	NRGU	Difference
Sharpe ratio Return per unit of total volatility	-0.23	0.79	-1.02
Sortino ratio Return per unit of downside risk	0.13	1.48	-1.35
Omega ratio Gain probability vs. loss probability	1.02	1.21	-0.19
Calmar ratio Return relative to maximum drawdown	-0.23	1.29	-1.52
Martin ratio Return relative to average drawdown	-0.43	2.64	-3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFXL vs. NRGU - Sharpe Ratio Comparison

The current NFXL Sharpe Ratio is -0.23, which is lower than the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of NFXL and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFXL	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	0.79	-1.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.61	-0.34

Correlation

The correlation between NFXL and NRGU is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NFXL vs. NRGU - Dividend Comparison

NFXL's dividend yield for the trailing twelve months is around 8.17%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024
NFXL Direxion Daily NFLX Bull 2X Shares	8.17%	7.97%	0.59%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%

Drawdowns

NFXL vs. NRGU - Drawdown Comparison

The maximum NFXL drawdown since its inception was -71.97%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for NFXL and NRGU.

Drawdown Indicators

	NFXL	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-71.97%	-57.50%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-71.97%	-55.24%	-16.73%
Current Drawdown Current decline from peak	-57.20%	-17.40%	-39.80%
Average Drawdown Average peak-to-trough decline	-24.31%	-25.38%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.62%	27.12%	+11.50%

Volatility

NFXL vs. NRGU - Volatility Comparison

The current volatility for Direxion Daily NFLX Bull 2X Shares (NFXL) is 13.78%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. This indicates that NFXL experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFXL	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.78%	23.31%	-9.53%
Volatility (6M) Calculated over the trailing 6-month period	52.90%	50.27%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	68.26%	88.18%	-19.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.62%	87.12%	-17.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.62%	87.12%	-17.50%