NFXL vs. TSYX
NFXL (Direxion Daily NFLX Bull 2X Shares) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. NFXL charges 1.06%/yr vs 0.98%/yr for TSYX.
Performance
NFXL vs. TSYX - Performance Comparison
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Returns By Period
NFXL
- 1D
- -0.97%
- 1M
- -18.12%
- 6M
- -41.46%
- YTD
- -45.89%
- 1Y
- -73.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- 0.41%
- 1M
- 1.83%
- 6M
- 6.51%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXL vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -41.85% |
TSYX TSPY Lift ETF | 6.38% |
Correlation
The correlation between NFXL and TSYX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | 0.10 |
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Return for Risk
NFXL vs. TSYX — Risk / Return Rank
NFXL
TSYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFXL vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bull 2X Shares (NFXL) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | — | — |
| Martin ratioReturn relative to average drawdown | -1.53 | — | — |
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Drawdowns
NFXL vs. TSYX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -77.64%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for NFXL and TSYX.
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Drawdown Indicators
| NFXL | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.64% | -13.39% | -64.25% |
Max Drawdown (1Y)Largest decline over 1 year | -75.22% | — | — |
Current DrawdownCurrent decline from peak | -76.27% | -1.54% | -74.73% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -2.93% | -27.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.77% | — | — |
Volatility
NFXL vs. TSYX - Volatility Comparison
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Volatility by Period
| NFXL | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.76% | 18.47% | +50.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.57% | 18.47% | +51.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.57% | 18.47% | +51.10% |
NFXL vs. TSYX - Expense Ratio Comparison
NFXL has a 1.06% expense ratio, which is higher than TSYX's 0.98% expense ratio.
Dividends
NFXL vs. TSYX - Dividend Comparison
NFXL's dividend yield for the trailing twelve months is around 13.18%, more than TSYX's 8.11% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | 13.18% | 7.97% | 0.59% |
TSYX TSPY Lift ETF | 8.11% | 0.00% | 0.00% |
Frequently Asked Questions
NFXL and TSYX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.06% for NFXL.
NFXL has the higher dividend yield at 13.18%, compared with 8.11% for TSYX.
They also come from different issuers: Direxion and TappAlpha. Their fees differ too: 1.06% for NFXL and 0.98% for TSYX.
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