{"url":"https://etfiq.com/compare/leverage/nfx-vs-nfxs","section":"compare","title":"NFX vs NFXS: which held to its multiple? | ETFIQ","description":"NFX sets out to return +2 times NFLX each day and NFXS -1 times. Over the month to Sep 30, 2026 they finished +0.7 pts and +1.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NFX or NFXS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NFX finished 0.7 points from what its multiple implies and NFXS finished 1.5 points from its own, so NFX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NFX and NFXS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Netflix, NFX at +2 times and NFXS at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NFX or NFXS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NFX\u2019s moved at 35% annualized and NFXS\u2019s at 36%, so NFXS has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NFX or NFXS for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, NFX or NFXS?","acceptedAnswer":{"@type":"Answer","text":"NFX charges 0.45% a year and NFXS charges 1.03%, so NFX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"NFX vs NFXS","item":"https://etfiq.com/compare/leverage/nfx-vs-nfxs"}]},{"@type":"WebPage","name":"NFX vs NFXS: which held to its multiple?","description":"NFX sets out to return +2 times NFLX each day and NFXS -1 times. Over the month to Sep 30, 2026 they finished +0.7 pts and +1.6 pts away.","url":"https://etfiq.com/compare/leverage/nfx-vs-nfxs","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, NFX finished 0.5 points short and NFXS 0.6 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NFX and NFXS","description":"NFX sets out to return +2 times NFLX each day and NFXS -1 times. Over the month to Sep 30, 2026 they finished +0.7 pts and +1.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nfx-vs-nfxs","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6404,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NFX vs NFXS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NFX vs NFXS: which held to its multiple?\n\n Over a month against its own daily promise, NFX finished 0.5 points short and NFXS 0.6 points over.\n Copy this for sharing \n \n Corgi NFLX 2x Daily ETF and Direxion Daily NFLX Bear 1X ETF.\n\n Download as PDF \n\n \u221221.0% NFX returned, since launch \n +4.7% NFXS returned, 3 months \n \u22123.6 pts NFX from its stated multiple \n \u22121.5 pts NFXS from its stated multiple \n\n NFX 0.7 pts ahead of its stated multiple \u00b7 1 month to Sep 30, 2026 [NFX re","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/nfx-vs-nfxs","a":{"ticker":"NFX","name":"Corgi NFLX 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: NFX returned \u221227.6% where its own daily promise gave \u221227.2%, 0.5 points short.","url":"https://etfiq.com/funds/nfx","key_facts":[{"label":"What NFLX did","value":"\u221214.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221227.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221227.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$396,814","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"NFXS","name":"Direxion Daily NFLX Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NFXS returned +4.7% where its own daily promise gave +3.3%, 1.5 points over.","url":"https://etfiq.com/funds/nfxs","key_facts":[{"label":"What NFLX did","value":"\u22126.2%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+3.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+4.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$4m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.03%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/nfx-vs-nfxs"}