NFXL vs VOO
Direxion Daily NFLX Bull 2X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NFXL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | |
| AUM | $155M | $997.4B | |
| Dividend Yield | 12.94% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | -33.41% | +12.25% | |
| 1Y Return | -65.76% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 72.3% | 14.1% | |
| Max Drawdown | -80.3% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2024 | Sep 7, 2010 |
NFXL vs VOO Performance
Direxion Daily NFLX Bull 2X ETF (NFXL) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NFXL returned -65.76% while VOO returned +20.92%. Year to date, NFXL is down 33.41% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
NFXL has been the more volatile fund, with annualized monthly volatility of 72.3% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NFXL charges 1.05% per year while VOO charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, NFXL currently yields 12.94% against 1.08% for VOO.
Holdings Overlap
NFXL and VOO share 1 holdings out of 509 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NFXL | Weight in VOO | Difference |
|---|---|---|---|
| NFLX | 18.83% | 0.47% | 18.36% |
Frequently Asked Questions
Which is cheaper, NFXL or VOO?
NFXL has an expense ratio of 1.05% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, NFXL or VOO?
Over the past year NFXL returned -65.76% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), NFXL annualized -9.49% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, NFXL or VOO?
NFXL has been the more volatile fund at 72.3% annualized versus 14.1% for VOO. Worst drawdown: NFXL -80.3% vs VOO -34.3%.
Should I hold both NFXL and VOO?
NFXL and VOO have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NFXL and VOO?
NFXL and VOO share 1 common holdings with a 0.5% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, NFXL or VOO?
NFXL yields 12.94% while VOO yields 1.08%, so NFXL currently pays the higher dividend yield.
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