NFXL vs QQQ
Direxion Daily NFLX Bull 2X ETF vs Invesco QQQ Trust, Series 1
Which is better, NFXL or QQQ?
Leverage Strategy against Large Cap Growth.
QQQ has a lower expense ratio. QQQ 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 | QQQ |
|---|---|---|
| Expense Ratio | 1.05% | 0.18%Best |
| AUM | $150M | $483.5B |
| Dividend Yield | 10.31% | 0.44% |
| Holdings | 10 | 107 |
| YTD Return | -38.08% | +15.18%Best |
| 1Y Return | -67.23% | +19.65%Best |
| 3Y Return (annualized) | - | +24.60% |
| 5Y Return (annualized) | - | +13.94% |
| Volatility (annualized) | 71.3% | 19.0%Best |
| Max Drawdown | -80.3% | -22.8%Best |
| $10,000 over 1.9 years | $7,763 | $14,618Best |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Growth |
| Inception | Oct 3, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 15, 2026 (1.9 years).
NFXL vs QQQ 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 1.9 years both funds cover.
NFXL vs QQQ Performance
Direxion Daily NFLX Bull 2X ETF (NFXL) is an ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NFXL returned -67.23% while QQQ returned +19.65%. Year to date, NFXL is down 38.08% versus a gain of 15.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFXL has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 19.0% for QQQ. 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 -80.3% for NFXL and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.11. They move largely independently of each other.
Fees and Cost Over Time
NFXL charges 1.05% per year while QQQ charges 0.18%. On a $10,000 position that is $105 vs $18 annually, a gap of $87 per year that compounds over a long holding period. On income, NFXL currently yields 10.31% against 0.44% for QQQ.
Holdings Overlap
At least 1.4% of QQQ's money is in holdings NFXL also owns.
Stated as a floor: for NFXL, our book for it covers 89.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and NFXL share little of their money.
1 positions in common, counted across the 4 positions we hold weights for in NFXL and 102 in QQQ, against full books of 10 and 107.
Top Shared Holdings
| Stock | Weight in NFXL | Weight in QQQ | Difference |
|---|---|---|---|
| NFLXNetflix, Inc. | 15.55% | 1.37% | 14.18% |
You are not choosing between two funds in isolation.
Whichever of NFXL and QQQ 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 QQQ?
NFXL has an expense ratio of 1.05% while QQQ charges 0.18%. QQQ is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, NFXL or QQQ?
Over the past year NFXL returned -67.23% vs +19.65% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NFXL annualized -12.48% vs +22.12% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NFXL or QQQ?
NFXL has been the more volatile fund at 71.3% annualized versus 19.0% for QQQ. Worst drawdown: NFXL -80.3% vs QQQ -22.8%.
Should I hold both NFXL and QQQ?
NFXL and QQQ have a monthly-return correlation of 0.11, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NFXL and QQQ?
At least 1.4% of QQQ's money is in holdings NFXL also owns. Our book for NFXL is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 4 positions we hold weights for in NFXL and 102 in QQQ.
Which pays a higher dividend, NFXL or QQQ?
NFXL yields 10.31% while QQQ yields 0.44%, so NFXL currently pays the higher dividend yield.
Is QQQ better than NFXL?
QQQ has a lower expense ratio. QQQ 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.