NFLU vs NFXL: which held to its multiple?
Over the days both have traded, NFLU finished 0.5 points from its stated multiple and NFXL 0.5. T-REX 2X LONG NFLX DAILY TARGET ETF and Direxion Daily NFLX Bull 2X ETF.
NFLU returned −17.7% while 2 times NFLX's move would have been −12.4%
NFXL returned −17.1% while 2 times NFLX's move would have been −12.4%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | NFLU | NFXL | NFLU | NFXL | NFLU | NFXL |
| 1 month | −27.8% | −27.8% | −28.3% | −28.3% | +0.5 pts | +0.5 pts |
| 3 months | −17.7% | −17.1% | −12.4% | −12.4% | −5.3 pts | −4.7 pts |
| 6 months | −53.8% | −52.8% | −54.4% | −54.4% | +0.5 pts | +1.5 pts |
| 1 year | −74.2% | −73.5% | −83.9% | −83.9% | +9.7 pts | +10.4 pts |
| Since launch NFLU Sep 2024 · NFXL Oct 2024 | −40.6% | −38.6% | −3.3% | −3.1% | −37.4 pts | −35.5 pts |
NFLU and NFXL 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 and NFXL 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.
NFXL in plain words
Three months to Sep 30, 2026: NFXL returned −17.1% where its own daily promise gave −14.9%, 2.2 points short. Read the multiple against the whole window instead and 2 times NFLX's −6.2% implies −12.4%, which makes NFXL look 4.7 points short. NFXL aims to return +2 times NFLX's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, NFLU or NFXL?
- Over the window to Sep 30, 2026, NFLU finished 5.3 points from what its multiple implies and NFXL finished 4.7 points from its own, so NFXL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NFLU and NFXL levered on the same thing?
- Yes. Both are levered on Netflix, NFLU at +2 times and NFXL at +2 times the daily move.
- Which one decays faster, NFLU or NFXL?
- Decay follows how much the underlying moves about. Over this window NFLU’s moved at 36% annualized and NFXL’s at 36%, so NFLU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NFLU or NFXL 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.
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.
ETFIQ, NFLU against NFXL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nflu-vs-nfxl
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, NFLU against NFXL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nflu-vs-nfxl Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, NFLU against NFXL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nflu-vs-nfxl
- APA
- ETFIQ. (Sep 30, 2026). NFLU against NFXL. Retrieved from https://etfiq.com/compare/leverage/nflu-vs-nfxl
- Markdown
- [NFLU against NFXL (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/nflu-vs-nfxl)