NFXL vs SPYQ
Direxion Daily NFLX Bull 2X ETF vs Tradr 2X Long SPY Quarterly ETF
Which is better, NFXL or SPYQ?
SPYQ has been ahead.
SPYQ has a lower expense ratio. SPYQ led over 1Y and the full window.
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 | SPYQ |
|---|---|---|
| Expense Ratio | 1.05% | 1.00%Best |
| AUM | $142M | $12M |
| Dividend Yield | 12.68% | 0.14% |
| Holdings | 20 | 9 |
| YTD Return | -50.01% | +19.99%Best |
| 1Y Return | -73.79% | +26.06%Best |
| Volatility (annualized) | 72.3% | 25.0%Best |
| Max Drawdown | -81.4% | -35.9%Best |
| $10,000 over 2 years | $6,268 | $15,816Best |
| Fund Family | Direxion Shares ETF Trust | Tradr ETFs |
| Category | Alternative | Alternative |
| Style | Leverage Strategy | Leverage Strategy |
| Inception | Oct 3, 2024 | Sep 30, 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 SPYQ 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 SPYQ Performance
Direxion Daily NFLX Bull 2X ETF (NFXL) is an ETF from Direxion Shares ETF Trust and Tradr 2X Long SPY Quarterly ETF (SPYQ) is an ETF from Tradr ETFs. Over the past year NFXL returned -73.79% while SPYQ returned +26.06%. Year to date, NFXL is down 50.01% versus a gain of 19.99% for SPYQ.
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 25.0% for SPYQ. 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 -35.9% for SPYQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.17. They move largely independently of each other.
Fees and Cost Over Time
NFXL charges 1.05% per year while SPYQ charges 1.00%. On a $10,000 position that is $105 vs $100 annually, a gap of $5 per year that compounds over a long holding period. On income, NFXL currently yields 12.68% against 0.14% for SPYQ.
Holdings Overlap
We hold position weights for 4 holdings in NFXL and 1 in SPYQ, totalling 33.8% and 54.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in NFXL and 1 in SPYQ, against full books of 20 and 9.
You are not choosing between two funds in isolation.
Whichever of NFXL and SPYQ 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 SPYQ?
NFXL has an expense ratio of 1.05% while SPYQ charges 1.00%. SPYQ is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, NFXL or SPYQ?
Over the past year NFXL returned -73.79% vs +26.06% for SPYQ, so SPYQ leads on 1-year performance. Over the longest common window we track (2 years), NFXL annualized -20.83% vs +25.76% for SPYQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NFXL or SPYQ?
NFXL has been the more volatile fund at 72.3% annualized versus 25.0% for SPYQ. Worst drawdown: NFXL -81.4% vs SPYQ -35.9%.
Should I hold both NFXL and SPYQ?
NFXL and SPYQ have a monthly-return correlation of 0.17, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NFXL or SPYQ?
NFXL yields 12.68% while SPYQ yields 0.14%, so NFXL currently pays the higher dividend yield.
Is SPYQ better than NFXL?
SPYQ has a lower expense ratio. SPYQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.