Direxion Daily NFLX Bull 2X Shares (NFXL) Performance
NFXL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −59.4% since Dec 31, 2025
- 1 year
- −72.5% total return
- Since first price
- −46.1% since 2024
NFXL trailing returns vs SPY, QQQ, AGG
| Period | NFXL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.6% | −16.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −13.7% | −14.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −55.0% | −55.6% | +7.8% | +8.4% | −1.5% |
| YTD | −59.4% | −60.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −72.5% | −74.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 3, 2024 | −46.1% | −50.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NFXL vs SPY
From Oct 3, 2024: NFXL grew to $5,389, SPY to $13,693.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NFXL returns by calendar year
0 of 1 full years positive. Best 2025 (−12.0%), worst 2025 (−12.0%). 2026 is year to date.
NFXL annual returns table
| Year | NFXL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −59.4% | −67.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −12.0% | −56.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NFXL largest drawdowns
Now 82.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2025 | −82.6% | Oct 21, 2026 | not yet | 1.3 years | 1.3 years so far |
| Feb 14, 2025 | −37.5% | Apr 4, 2025 | Apr 24, 2025 | 49 days | 2 months |
| Dec 11, 2024 | −22.9% | Jan 14, 2025 | Jan 22, 2025 | 34 days | 42 days |
| Oct 10, 2024 | −12.4% | Oct 17, 2024 | Oct 18, 2024 | 7 days | 8 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NFXL risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −27.1% |
| Volatility (annualized) | 73.8% |
| Sharpe ratio | -0.13 |
| Sortino ratio | -0.19 |
| Best month | +42.6% |
| Worst month | −32.5% |
| Best 12 months | +75.5% |
| Worst 12 months | −77.4% |
| Positive months | 35% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NFXL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | −77.4% | −45.1% | +75.5% | 15% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
NFXL performance overview
Direxion Daily NFLX Bull 2X Shares (NFXL) returned −72.5% over the past year, with distributions reinvested. Since its first recorded price on Oct 3, 2024 it has returned −46.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −82.6%, from Jun 30, 2025 to Oct 21, 2026; the fund has not yet regained that high. Volatility has been 73.8% a year.
Related: NFXL chart, NFXL dividends. See the NFXL overview for the latest quote and fund facts.
NFXL performance FAQ
What is the NFXL return over the past year?
NFXL returned −72.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 74.2%.
How much would $10,000 invested in NFXL be worth?
$10,000 invested in NFXL at its first recorded close on October 3, 2024 would be worth about $5,389 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NFXL?
The largest peak-to-trough decline was −82.6% between June 30, 2025 and October 21, 2026. It has not yet recovered to that high; it is 82.2% below its peak.
How volatile is NFXL?
Over the past history NFXL had an annualized volatility of 73.8% and a Sharpe ratio of -0.13 (excess return over 1–3 month T-bills per unit of risk).