NFXL vs NFXS
Direxion Daily NFLX Bull 2X ETF vs Direxion Daily NFLX Bear 1X ETF
Which is better, NFXL or NFXS?
Opposite sides of the same exposure.
NFXS has a lower expense ratio. NFXS led over 1Y and the full window. The two move opposite each other, correlation -0.99, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NFXL | NFXS |
|---|---|---|
| Expense Ratio | 1.05% | 1.03%Best |
| AUM | $142M | $3M |
| Dividend Yield | 12.68% | 2.41% |
| Holdings | 20 | 16 |
| YTD Return | -50.01% | +22.20%Best |
| 1Y Return | -73.79% | +61.23%Best |
| Volatility (annualized) | 72.3% | 36.6%Best |
| Max Drawdown | -81.4% | -50.4%Best |
| $10,000 over 2 years | $6,268 | $9,097Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Leverage Strategy | Leverage Strategy |
| Inception | Oct 3, 2024 | Oct 3, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Oct 14, 2026 (2 years).
NFXL vs NFXS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
NFXL vs NFXS Performance
Direxion Daily NFLX Bull 2X ETF (NFXL) is an ETF from Direxion Shares ETF Trust and Direxion Daily NFLX Bear 1X ETF (NFXS) is an ETF from Direxion Shares ETF Trust. Over the past year NFXL returned -73.79% while NFXS returned +61.23%. Year to date, NFXL is down 50.01% versus a gain of 22.20% for NFXS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFXL has been the more volatile fund, with annualized monthly volatility of 72.3% compared with 36.6% for NFXS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -81.4% for NFXL and -50.4% for NFXS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.99. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
NFXL charges 1.05% per year while NFXS charges 1.03%. On a $10,000 position that is $105 vs $103 annually, a gap of $2 per year that compounds over a long holding period. On income, NFXL currently yields 12.68% against 2.41% for NFXS.
Holdings Overlap
We hold position weights for 4 holdings in NFXL and 3 in NFXS, totalling 33.8% and 79.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 4 positions we hold weights for in NFXL and 3 in NFXS, against full books of 20 and 16.
You are not choosing between two funds in isolation.
Whichever of NFXL and NFXS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NFXL or NFXS?
NFXL has an expense ratio of 1.05% while NFXS charges 1.03%. NFXS is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, NFXL or NFXS?
Over the past year NFXL returned -73.79% vs +61.23% for NFXS, so NFXS leads on 1-year performance. Over the longest common window we track (2 years), NFXL annualized -20.83% vs -4.62% for NFXS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NFXL or NFXS?
NFXL has been the more volatile fund at 72.3% annualized versus 36.6% for NFXS. Worst drawdown: NFXL -81.4% vs NFXS -50.4%.
Should I hold both NFXL and NFXS?
NFXL and NFXS have a monthly-return correlation of -0.99, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, NFXL or NFXS?
NFXL yields 12.68% while NFXS yields 2.41%, so NFXL currently pays the higher dividend yield.
Is NFXS better than NFXL?
NFXS has a lower expense ratio. NFXS led over 1Y and the full window. The two move opposite each other, correlation -0.99, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.