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 0.15 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
- -0.46%
- 1M
- -33.63%
- YTD
- -46.29%
- 6M
- -46.11%
- 1Y
- -73.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -1.51%
- 1M
- -2.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXL vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | -42.28% |
TSYX TSPY Lift ETF | 3.58% |
Correlation
The correlation between NFXL and TSYX is 0.15, 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 7, 2026 | 0.15 |
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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 | -0.96 | — | — |
| Martin ratioReturn relative to average drawdown | -1.50 | — | — |
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Drawdowns
NFXL vs. TSYX - Drawdown Comparison
The maximum NFXL drawdown since its inception was -76.44%, 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 | -76.44% | -13.39% | -63.05% |
Max Drawdown (1Y)Largest decline over 1 year | -76.44% | — | — |
Current DrawdownCurrent decline from peak | -76.44% | -4.13% | -72.31% |
Average DrawdownAverage peak-to-trough decline | -29.33% | -2.98% | -26.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.86% | — | — |
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 | 15.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 50.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.58% | 19.14% | +48.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 19.14% | +50.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.38% | 19.14% | +50.24% |
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 15.44%, more than TSYX's 7.25% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXL Direxion Daily NFLX Bull 2X Shares | 15.44% | 7.97% | 0.59% |
TSYX TSPY Lift ETF | 7.25% | 0.00% | 0.00% |
Frequently Asked Questions
NFXL and TSYX have a correlation of 0.15, 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 15.44%, compared with 7.25% 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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