NFXL vs CNXT

Comparison between DIREXION DAILY NFLX BULL 2X SHARES (NFXL, ETF) and VANECK CHINEXT INNOVATORS ETF (CNXT, ETF).

NFXL vs CNXT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NFXL(ETF)	CNXT(ETF)
Net Assets	$141M	$141M
Expense Ratio	N/A	0.65%
Max Drawdown	81.37%	70.04%
Sharpe Ratio	-1.67	1.61
5Y Beta	1.44	0.65
5Y Dividends CAGR	N/A	-3.05%

Net Assets

NFXL

$141M

CNXT

$141M

Expense Ratio

NFXL

N/A

CNXT

0.65%

Max Drawdown

NFXL

81.37%

Winner

CNXT

70.04%

Sharpe Ratio

NFXL

-1.67

Winner

CNXT

1.61

5Y Beta

NFXL

1.44

Winner

CNXT

0.65

5Y Dividends CAGR

NFXL

N/A

CNXT

-3.05%

NFXL vs CNXT - Historical Returns

Returns include dividend reinvestment.

Period	NFXL	CNXT
1 month	-13.49%	-15.88%
3 months	-47.94%	+1.02%
6 months	-43.16%	+14.10%
1 year	-75.39%	+71.50%
5 years(CAGR)	N/A	+0.96%
10 years(CAGR)	N/A	+5.39%
Max(CAGR)	-23.19%	+7.29%

Winner

NFXL

-13.49%

CNXT

-15.88%

NFXL

-47.94%

Winner

CNXT

+1.02%

NFXL

-43.16%

Winner

CNXT

+14.10%

NFXL

-75.39%

Winner

CNXT

+71.50%

5Y(CAGR)

NFXL

N/A

CNXT

+0.96%

10Y(CAGR)

NFXL

N/A

CNXT

+5.39%

Max(CAGR)

NFXL

-23.19%

Winner

CNXT

+7.29%

NFXL vs CNXT - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	NFXL	CNXT
2026	-50.37%	+16.93%
2025	-10.70%	+65.65%
2024	+50.97%	+15.31%
2023	N/A	-22.08%
2022	N/A	-35.60%
2021	N/A	+4.80%
2020	N/A	+57.62%
2019	N/A	+43.64%
2018	N/A	-40.59%
2017	N/A	+18.43%
2016	N/A	-20.53%
2015	N/A	+42.40%
2014	N/A	+15.98%

NFXL vs CNXT Drawdown Comparison

The maximum drawdown for NFXL was -80.07%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The maximum drawdown for CNXT was -68.98%, occurring on Jan 3, 2019. Recovery took 2770 trading sessions.

The current NFXL drawdown is -79.44%. The current CNXT drawdown is -16.12%.

Rank	NFXL	CNXT
#1	-80.07% Jun 30, 2025 - Jul 20, 2026	-68.98% Jun 12, 2015 - Jun 18, 2026
#2	-37.56% Feb 14, 2025 - Apr 24, 2025	-21.82% Jun 30, 2026 - Jul 20, 2026
#3	-22.85% Dec 11, 2024 - Jan 22, 2025	-10.47% Apr 6, 2015 - Apr 22, 2015
#4	-12.44% Oct 10, 2024 - Oct 18, 2024	-10.28% Dec 4, 2014 - Jan 13, 2015
#5	-8.17% May 2, 2025 - May 15, 2025	-6.76% May 26, 2015 - Jun 2, 2015
#6	-8.14% Nov 21, 2024 - Dec 4, 2024	-6.62% Jan 22, 2015 - Feb 4, 2015
#7	-7.73% Jun 5, 2025 - Jun 24, 2025	-6.36% Jun 2, 2015 - Jun 12, 2015
#8	-6.17% Oct 21, 2024 - Nov 6, 2024	-6.29% Feb 4, 2015 - Feb 13, 2015
#9	-5.14% Oct 4, 2024 - Oct 8, 2024	-5.50% Oct 9, 2014 - Dec 3, 2014
#10	-4.55% Dec 6, 2024 - Dec 11, 2024	-4.05% Jun 22, 2026 - Jun 30, 2026
#11	-4.46% May 27, 2025 - Jun 2, 2025	-3.62% Sep 12, 2014 - Sep 30, 2014
#12	-3.85% Feb 10, 2025 - Feb 13, 2025	-3.52% Mar 5, 2015 - Mar 11, 2015
#13	-3.53% Nov 14, 2024 - Nov 18, 2024	-3.41% May 4, 2015 - May 8, 2015
#14	-2.79% Jan 23, 2025 - Feb 4, 2025	-3.06% Apr 24, 2015 - May 4, 2015
#15	-1.68% May 21, 2025 - May 27, 2025	-2.96% Mar 25, 2015 - Mar 30, 2015

Correlation

Correlation between NFXL and CNXT is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

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