Which came closer to its stated multiple, NFLU or NFX?

Over the window to Sep 30, 2026, NFLU finished 5.3 points from what its multiple implies and NFX finished 0.7 points from its own, so NFX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are NFLU and NFX levered on the same thing?

Yes. Both are levered on Netflix, NFLU at +2 times and NFX at +2 times the daily move.

Which one decays faster, NFLU or NFX?

Decay follows how much the underlying moves about. Over this window NFLU’s moved at 36% annualized and NFX’s at 35%, so NFLU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold NFLU or NFX for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, NFLU or NFX?

NFLU charges 1.05% a year and NFX charges 0.45%, so NFX is cheaper. Fees come from each fund's prospectus.

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NFLU vs NFX: which held to its multiple?

Over the days both have traded, NFLU finished 0.5 points from its stated multiple and NFX 0.7. T-REX 2X LONG NFLX DAILY TARGET ETF and Corgi NFLX 2x Daily ETF.

−17.7%

NFLU returned, 3 months

−21.0%

NFX returned, since launch

−5.3 pts

NFLU from its stated multiple

−3.6 pts

NFX from its stated multiple

NFLU · 3 months to Sep 30, 20265.3 pts short of its stated multiple

NFLU returned −17.7% while 2 times NFLX's move would have been −12.4%

NFX · 1 month to Sep 30, 20260.7 pts ahead of its stated multiple

NFX returned −27.6% while 2 times NFLX's move would have been −28.3%

Performance, window by window

	Total return		Multiple would give		Difference
Window	NFLU	NFX	NFLU	NFX	NFLU	NFX
1 month	−27.8%	−27.6%	−28.3%	−28.3%	+0.5 pts	+0.7 pts
3 months	−17.7%	not published	−12.4%	not published	−5.3 pts	not published
6 months	−53.8%	not published	−54.4%	not published	+0.5 pts	not published
1 year	−74.2%	not published	−83.9%	not published	+9.7 pts	not published
Since launch NFLU Sep 2024 · NFX Jul 2026	−40.6%	−21.0%	−3.3%	−17.3%	−37.4 pts	−3.6 pts

NFLU and NFX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NFLU

T-REX 2X LONG NFLX DAILY TARGET ETF · Aims to return twice the daily move of Netflix (NFLX)

NFX

Corgi NFLX 2x Daily ETF · Aims to return twice the daily move of Netflix (NFLX)

Issuer T-REX Corgi

Sets out to return +2x +2x

Underlying asset NFLX NFLX

Segment company company

Fund returned, 3 months or since launch −17.7% −27.6%

Underlying returned, over that window −6.2% −14.2%

What the stated multiple implies, over that window −12.4% −28.3%

Difference from stated, over that window −5.3 pts +0.7 pts

Fund returned, 1 year or since launch −74.2% −21.0%

Difference from stated, over that window +9.7 pts −3.6 pts

Underlying volatility 36% 35%

Difference over the days both have traded +0.5 pts +0.7 pts

Expense ratio 1.05% 0.45%

Launched Sep 27, 2024 Jul 7, 2026

Net assets $25m $396,814

NFLU and NFX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NFLU in plain words

Three months to Sep 30, 2026: NFLU returned −17.7% where its own daily promise gave −14.9%, 2.9 points short. Read the multiple against the whole window instead and 2 times NFLX's −6.2% implies −12.4%, which makes NFLU look 5.3 points short. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. NFLU aims to return +2 times NFLX's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. NFLX moved at 36% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

NFX in plain words

One month to Sep 30, 2026: NFX returned −27.6% where its own daily promise gave −27.2%, 0.5 points short. Read the multiple against the whole window instead and 2 times NFLX's −14.2% implies −28.3%, which makes NFX look 0.7 points over. 1.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. NFX aims to return +2 times NFLX's move each day, then resets. NFLX moved at 35% annualized over that window.

Questions people ask

Which came closer to its stated multiple, NFLU or NFX?: Over the window to Sep 30, 2026, NFLU finished 5.3 points from what its multiple implies and NFX finished 0.7 points from its own, so NFX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are NFLU and NFX levered on the same thing?: Yes. Both are levered on Netflix, NFLU at +2 times and NFX at +2 times the daily move.
Which one decays faster, NFLU or NFX?: Decay follows how much the underlying moves about. Over this window NFLU’s moved at 36% annualized and NFX’s at 35%, so NFLU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold NFLU or NFX for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, NFLU or NFX?: NFLU charges 1.05% a year and NFX charges 0.45%, so NFX is cheaper. Fees come from each fund's prospectus.

Other comparisons

NFLU vs NFXL NFLU vs NFXS NFX vs NFXL NFX vs NFXS

NFLU on its own →NFX on its own →How every figure is computed →Standards and sources →

Where these figures came from

NFLU filings on SEC EDGAR ↗NFLU prospectus with the expense ratio (SEC) ↗T-REX page for NFLU ↗NFX filings on SEC EDGAR ↗NFX prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NFLU against NFX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nflu-vs-nfx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.