NFXL vs. SPUU
Compare and contrast key facts about Direxion Daily NFLX Bull 2X Shares (NFXL) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
NFXL and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Performance
NFXL vs. SPUU - Performance Comparison
Loading graphics...
NFXL vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -1.24% | -11.98% | 50.97% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -10.01% | 26.55% | 5.38% |
Returns By Period
In the year-to-date period, NFXL achieves a -1.24% return, which is significantly higher than SPUU's -10.01% return.
NFXL
- 1D
- 6.82%
- 1M
- -1.72%
- YTD
- -1.24%
- 6M
- -43.47%
- 1Y
- -15.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 5.86%
- 1M
- -10.17%
- YTD
- -10.01%
- 6M
- -6.87%
- 1Y
- 27.13%
- 3Y*
- 28.85%
- 5Y*
- 15.86%
- 10Y*
- 21.67%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NFXL vs. SPUU - Expense Ratio Comparison
NFXL has a 1.06% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
NFXL vs. SPUU — Risk / Return Rank
NFXL
SPUU
NFXL vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.23 | 0.75 | -0.98 |
Sortino ratioReturn per unit of downside risk | 0.13 | 1.26 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.24 | -1.46 |
Martin ratioReturn relative to average drawdown | -0.40 | 5.35 | -5.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NFXL | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.75 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.56 | -0.27 |
Correlation
The correlation between NFXL and SPUU is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NFXL vs. SPUU - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 8.08%, more than SPUU's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | 8.08% | 7.97% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.78% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
NFXL vs. SPUU - Drawdown Comparison
The maximum NFXL drawdown since its inception was -71.97%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NFXL and SPUU.
Loading graphics...
Drawdown Indicators
| NFXL | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.97% | -59.35% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -71.97% | -23.10% | -48.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -56.68% | -13.39% | -43.29% |
Average DrawdownAverage peak-to-trough decline | -24.23% | -9.62% | -14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.45% | 5.35% | +33.10% |
Volatility
NFXL vs. SPUU - Volatility Comparison
Direxion Daily NFLX Bull 2X Shares (NFXL) has a higher volatility of 13.85% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.70%. This indicates that NFXL's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NFXL | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.85% | 10.70% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 52.90% | 19.17% | +33.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.25% | 36.23% | +32.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.70% | 33.47% | +36.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.70% | 35.73% | +33.97% |