NVDG vs. NFXL

Last updated Apr 3, 2026

Compare and contrast key facts about Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily NFLX Bull 2X Shares (NFXL).

NVDG and NFXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. NFXL is an actively managed fund by Direxion. It was launched on Oct 2, 2024.

Performance

NVDG vs. NFXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily NFLX Bull 2X Shares (NFXL). The values are adjusted to include any dividend payments, if applicable.

NVDG vs. NFXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	-15.21%	32.45%	-0.75%
NFXL Direxion Daily NFLX Bull 2X Shares	3.52%	-11.98%	-6.85%

Returns By Period

In the year-to-date period, NVDG achieves a -15.21% return, which is significantly lower than NFXL's 3.52% return.

NVDG

• 1D: 1.66%
• 1M: -5.04%
• YTD: -15.21%
• 6M: -22.31%
• 1Y: 94.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFXL

• 1D: 6.09%
• 1M: 0.06%
• YTD: 3.52%
• 6M: -36.79%
• 1Y: -11.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDG vs. NFXL - Expense Ratio Comparison

NVDG has a 0.75% expense ratio, which is lower than NFXL's 1.06% expense ratio.

NFXL

Direxion Daily NFLX Bull 2X Shares

NVDG

Leverage Shares 2X Long NVDA Daily ETF

Return for Risk

NVDG vs. NFXL — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 63
NVDG Sharpe Ratio Rank: 63
NVDG Sortino Ratio Rank: 73
NVDG Omega Ratio Rank: 62
NVDG Calmar Ratio Rank: 72
NVDG Martin Ratio Rank: 46

NFXL

NFXL Risk / Return Rank: 10
NFXL Sharpe Ratio Rank: 8
NFXL Sortino Ratio Rank: 12
NFXL Omega Ratio Rank: 12
NFXL Calmar Ratio Rank: 8
NFXL Martin Ratio Rank: 9

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.

NVDG vs. NFXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily NFLX Bull 2X Shares (NFXL). 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.

	NVDG	NFXL	Difference
Sharpe ratio Return per unit of total volatility	1.17	-0.17	+1.34
Sortino ratio Return per unit of downside risk	1.92	0.23	+1.69
Omega ratio Gain probability vs. loss probability	1.24	1.03	+0.21
Calmar ratio Return relative to maximum drawdown	2.22	-0.15	+2.36
Martin ratio Return relative to average drawdown	5.25	-0.27	+5.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDG vs. NFXL - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 1.17, which is higher than the NFXL Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of NVDG and NFXL, 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

	NVDG	NFXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	-0.17	+1.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.34	-0.25

Correlation

The correlation between NVDG and NFXL is 0.28, 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

NVDG vs. NFXL - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 13.93%, more than NFXL's 7.70% yield.

	TTM	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	13.93%	11.81%	0.00%
NFXL Direxion Daily NFLX Bull 2X Shares	7.70%	7.97%	0.59%

Drawdowns

NVDG vs. NFXL - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum NFXL drawdown of -71.97%. Use the drawdown chart below to compare losses from any high point for NVDG and NFXL.

Drawdown Indicators

	NVDG	NFXL	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-71.97%	+5.78%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-71.97%	+29.25%
Current Drawdown Current decline from peak	-34.34%	-54.59%	+20.25%
Average Drawdown Average peak-to-trough decline	-24.07%	-24.39%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.04%	38.77%	-20.73%

Volatility

NVDG vs. NFXL - Volatility Comparison

Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 20.57% compared to Direxion Daily NFLX Bull 2X Shares (NFXL) at 15.01%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than NFXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	NFXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.57%	15.01%	+5.56%
Volatility (6M) Calculated over the trailing 6-month period	50.87%	53.10%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	81.30%	68.53%	+12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.25%	69.70%	+22.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.25%	69.70%	+22.55%