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 0.13 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
- -4.28%
- 1M
- -20.99%
- YTD
- -31.65%
- 6M
- -45.39%
- 1Y
- -64.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXL vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -26.75% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between NFXL and TSYX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.13 |
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Return for Risk
NFXL vs. TSYX — Risk / Return Rank
NFXL
TSYX
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.
| NFXL | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | — | — |
| Martin ratioReturn relative to average drawdown | -1.39 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFXL | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 1.28 | -1.36 |
Drawdowns
NFXL vs. TSYX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -71.97%, 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 | -71.97% | -13.39% | -58.58% |
Max Drawdown (1Y)Largest decline over 1 year | -71.97% | — | — |
Current DrawdownCurrent decline from peak | -70.02% | -0.16% | -69.86% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -2.97% | -25.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.07% | — | — |
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 | 14.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 51.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.34% | 18.21% | +48.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.51% | 18.21% | +51.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.51% | 18.21% | +51.30% |
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 11.67%, more than TSYX's 6.17% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | 11.67% | 7.97% | 0.59% |
TSYX TSPY Lift ETF | 6.17% | 0.00% | 0.00% |
Frequently Asked Questions
NFXL and TSYX have a correlation of 0.13, 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 11.67%, compared with 6.17% 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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