MFLX vs NVTX
Comparison between FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF (MFLX, ETF) and TRADR 2X LONG NVTS DAILY ETF (NVTX, ETF).
MFLX vs NVTX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MFLX
$21M
NVTX
$21M
Expense Ratio
MFLX
0.75%
NVTX
N/A
Max Drawdown
Winner
MFLX
29.72%
NVTX
93.29%
Sharpe Ratio
MFLX
0.48
Winner
NVTX
1.06
5Y Beta
Winner
MFLX
-0.04
NVTX
9.40
5Y Dividends CAGR
MFLX
0.86%
NVTX
N/A
MFLX vs NVTX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MFLX
-1.26%
NVTX
-6.29%
3M
Winner
MFLX
-2.50%
NVTX
-87.10%
6M
Winner
MFLX
-1.59%
NVTX
-49.14%
1Y
Winner
MFLX
+5.71%
NVTX
-36.64%
5Y(CAGR)
MFLX
-1.25%
NVTX
N/A
10Y(CAGR)
MFLX
+1.83%
NVTX
N/A
Max(CAGR)
Winner
MFLX
+1.83%
NVTX
-37.31%
MFLX vs NVTX - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | MFLX | NVTX |
|---|---|---|
| 2026 | +0.57% | -48.06% |
| 2025 | +4.12% | -9.65% |
| 2024 | +4.73% | N/A |
| 2023 | +8.91% | N/A |
| 2022 | -19.65% | N/A |
| 2021 | +8.96% | N/A |
| 2020 | +7.00% | N/A |
| 2019 | +15.75% | N/A |
| 2018 | -4.71% | N/A |
| 2017 | +5.57% | N/A |
| 2016 | -7.63% | N/A |
MFLX vs NVTX Drawdown Comparison
The maximum drawdown for MFLX was -26.76%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The maximum drawdown for NVTX was -93.29%, occurring on Jul 29, 2026. This drawdown has not yet recovered.
The current MFLX drawdown is -6.23%. The current NVTX drawdown is -92.27%.
| Rank | MFLX | NVTX |
|---|---|---|
| #1 | -26.76% Feb 24, 2020 - Nov 25, 2020 | -93.29% May 26, 2026 - Jul 29, 2026 |
| #2 | -25.88% Aug 24, 2021 - Oct 27, 2022 | -89.04% Oct 20, 2025 - May 22, 2026 |
| #3 | -10.10% Sep 29, 2016 - Mar 26, 2019 | -20.39% Sep 22, 2025 - Oct 1, 2025 |
| #4 | -4.45% Feb 11, 2021 - Apr 14, 2021 | -13.18% Oct 16, 2025 - Oct 20, 2025 |
| #5 | -3.82% Sep 4, 2019 - Dec 11, 2019 | -12.51% Oct 2, 2025 - Oct 13, 2025 |
| #6 | -1.54% Jul 12, 2021 - Jul 28, 2021 | -10.20% Sep 12, 2025 - Sep 17, 2025 |
| #7 | -1.42% May 10, 2021 - May 26, 2021 | -5.11% Sep 9, 2025 - Sep 11, 2025 |
| #8 | -1.05% Dec 11, 2020 - Dec 31, 2020 | N/A |
| #9 | -0.81% Apr 15, 2019 - May 2, 2019 | N/A |
| #10 | -0.73% Dec 31, 2020 - Jan 19, 2021 | N/A |
| #11 | -0.71% Dec 26, 2019 - Jan 7, 2020 | N/A |
| #12 | -0.69% Jun 10, 2021 - Jun 28, 2021 | N/A |
| #13 | -0.69% Dec 11, 2019 - Dec 26, 2019 | N/A |
| #14 | -0.67% Aug 4, 2021 - Aug 10, 2021 | N/A |
| #15 | -0.62% Aug 20, 2019 - Aug 28, 2019 | N/A |
Correlation
Correlation between MFLX and NVTX is 0.30 which considered as a very weak or no correlation - the stocks move independently of each other.
0.30
-101
Dividend Comparison (2016 - 2026)
MFLX vs NVTX dividend yield comparison.
| Year | MFLX | NVTX |
|---|---|---|
| 2026 | 2.92% | 0.00% |
| 2025 | 4.06% | 17.05% |
| 2024 | 3.81% | 0.00% |
| 2023 | 3.65% | 0.00% |
| 2022 | 4.27% | 0.00% |
| 2021 | 3.69% | 0.00% |
| 2020 | 3.21% | 0.00% |
| 2019 | 2.94% | 0.00% |
| 2018 | 3.74% | 0.00% |
| 2017 | 3.80% | 0.00% |
| 2016 | 0.98% | 0.00% |
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