NFXL vs LOUP

Comparison between DIREXION DAILY NFLX BULL 2X SHARES (NFXL, ETF) and Innovator Deepwater Frontier Tech ETF (LOUP, ETF).

NFXL vs LOUP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NFXL(ETF)	LOUP(ETF)
Net Assets	$176M	$177M
Expense Ratio	N/A	0.70%
Max Drawdown	73.38%	58.68%
Sharpe Ratio	-1.30	1.73
5Y Beta	1.47	1.72
P/E Ratio	N/A	129.15
Forward P/E	N/A	41.04
PEG Ratio	N/A	0.29
Debt to Equity	N/A	57.29%
P/S Ratio	N/A	7.75
P/B Ratio	N/A	9.96

Net Assets

NFXL

$176M

Winner

LOUP

$177M

Expense Ratio

NFXL

N/A

LOUP

0.70%

Max Drawdown

NFXL

73.38%

Winner

LOUP

58.68%

Sharpe Ratio

NFXL

-1.30

Winner

LOUP

1.73

5Y Beta

Winner

NFXL

1.47

LOUP

1.72

P/E Ratio

NFXL

N/A

LOUP

129.15

Forward P/E

NFXL

N/A

LOUP

41.04

PEG Ratio

NFXL

N/A

LOUP

0.29

Debt to Equity

NFXL

N/A

LOUP

57.29%

P/S Ratio

NFXL

N/A

LOUP

7.75

P/B Ratio

NFXL

N/A

LOUP

9.96

NFXL vs LOUP - Holdings Comparison

NFXL and LOUP have 0 common holdings. Overlap is 0.00%

NFXL's top 25 holdings weight is 15.08%. LOUP's top 25 holdings weight is 86.18%.

Rank	NFXL	LOUP
#1	NETFLIX INC (NFLX) - 15.08%	APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 4.69%
#2	N/A	ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 4.69%
#3	N/A	BE SEMICONDUCTOR INDUSTRIES NV (n/a) - 4.59%
#4	N/A	MINIMAX GROUP INC ORDINARY SHARES CLASS A (n/a) - 4.42%
#5	N/A	REDDIT INC CLASS A SHARES (RDDT) - 3.97%
#6	N/A	BLACKBERRY LTD (BB) - 3.89%
#7	N/A	MARVELL TECHNOLOGY INC (MRVL) - 3.60%
#8	N/A	RAMBUS INC (RMBS) - 3.58%
#9	N/A	CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 3.46%
#10	N/A	SNOWFLAKE INC ORDINARY SHARES (SNOW) - 3.43%
#11	N/A	SCHAEFFLER AG PARTICIPATING PREFERRED (n/a) - 3.32%
#12	N/A	DATADOG INC CLASS A (DDOG) - 3.29%
#13	N/A	VISTRA CORP (VST) - 3.28%
#14	N/A	MERCURY SYSTEMS INC (MRCY) - 3.24%
#15	N/A	LAM RESEARCH CORP (LRCX) - 3.23%
#16	N/A	RUBRIK INC CLASS A SHARES (RBRK) - 3.23%
#17	N/A	AEROVIRONMENT INC (AVAV) - 3.19%
#18	N/A	MERCADOLIBRE INC (MELI) - 2.97%
#19	N/A	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.96%
#20	N/A	TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 2.95%
#21	N/A	GLOBAL E ONLINE LTD (GLBE) - 2.93%
#22	N/A	INTUITIVE SURGICAL INC (ISRG) - 2.86%
#23	N/A	AXON ENTERPRISE INC (AXON) - 2.81%
#24	N/A	VERTIV HOLDINGS CO CLASS A (VRT) - 2.80%
#25	N/A	SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.80%
Total Holdings	1	31

NFXL vs LOUP - Historical Returns

Returns include dividend reinvestment.

Period	NFXL	LOUP
1 month	-13.88%	+8.25%
3 months	-34.80%	+24.52%
6 months	-40.07%	+18.52%
1 year	-65.28%	+63.44%
5 years(CAGR)	N/A	+11.72%
Max(CAGR)	-4.60%	+17.94%

NFXL

-13.88%

Winner

LOUP

+8.25%

NFXL

-34.80%

Winner

LOUP

+24.52%

NFXL

-40.07%

Winner

LOUP

+18.52%

NFXL

-65.28%

Winner

LOUP

+63.44%

5Y(CAGR)

NFXL

N/A

LOUP

+11.72%

Max(CAGR)

NFXL

-4.60%

Winner

LOUP

+17.94%

NFXL vs LOUP - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	NFXL	LOUP
2026	-26.32%	+18.71%
2025	-10.70%	+41.17%
2024	+50.97%	+25.89%
2023	N/A	+51.97%
2022	N/A	-46.28%
2021	N/A	+7.63%
2020	N/A	+81.62%
2019	N/A	+32.18%
2018	N/A	-19.72%

NFXL vs LOUP Drawdown Comparison

The maximum drawdown for NFXL was -71.86%, occurring on Feb 23, 2026. This drawdown has not yet recovered.

The maximum drawdown for LOUP was -58.68%, occurring on Oct 14, 2022. Recovery took 1112 trading sessions.

The current NFXL drawdown is -69.48%. The current LOUP drawdown is -7.24%.

Rank	NFXL	LOUP
#1	-71.86% Jun 30, 2025 - Feb 23, 2026	-58.68% Feb 12, 2021 - Jul 21, 2025
#2	-37.56% Feb 14, 2025 - Apr 24, 2025	-41.54% Feb 19, 2020 - Jun 5, 2020
#3	-22.85% Dec 11, 2024 - Jan 22, 2025	-28.70% Aug 31, 2018 - Dec 23, 2019
#4	-12.44% Oct 10, 2024 - Oct 18, 2024	-21.00% Nov 3, 2025 - Apr 22, 2026
#5	-8.17% May 2, 2025 - May 15, 2025	-10.15% Sep 2, 2020 - Oct 5, 2020
#6	-8.14% Nov 21, 2024 - Dec 4, 2024	-7.24% Jun 2, 2026 - Jun 5, 2026
#7	-7.73% Jun 5, 2025 - Jun 24, 2025	-6.84% Jun 10, 2020 - Jul 6, 2020
#8	-6.17% Oct 21, 2024 - Nov 6, 2024	-5.77% Jan 25, 2021 - Feb 5, 2021
#9	-5.14% Oct 4, 2024 - Oct 8, 2024	-5.54% Oct 23, 2020 - Nov 4, 2020
#10	-4.55% Dec 6, 2024 - Dec 11, 2024	-5.32% Apr 22, 2026 - May 5, 2026
#11	-4.46% May 27, 2025 - Jun 2, 2025	-4.94% Jan 23, 2020 - Feb 4, 2020
#12	-3.85% Feb 10, 2025 - Feb 13, 2025	-4.82% Aug 13, 2025 - Aug 28, 2025
#13	-3.53% Nov 14, 2024 - Nov 18, 2024	-4.71% Jul 30, 2025 - Aug 6, 2025
#14	-2.79% Jan 23, 2025 - Feb 4, 2025	-4.44% May 11, 2026 - May 22, 2026
#15	-1.68% May 21, 2025 - May 27, 2025	-4.07% Oct 9, 2025 - Oct 24, 2025

Correlation

Correlation between NFXL and LOUP is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101