NFXL vs ONOF

Comparison between DIREXION DAILY NFLX BULL 2X SHARES (NFXL, ETF) and GLOBAL X ADAPTIVE U.S. RISK MANAGEMENT ETF (ONOF, ETF).

NFXL vs ONOF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NFXL(ETF)	ONOF(ETF)
Net Assets	$144M	$144M
Expense Ratio	N/A	0.39%
Max Drawdown	73.38%	26.71%
Sharpe Ratio	-1.32	1.34
5Y Beta	1.45	0.86
P/E Ratio	N/A	28.49
Forward P/E	N/A	21.59
5Y EPS CAGR	N/A	28.40%
Debt to Equity	N/A	42.93%
P/S Ratio	N/A	3.66
P/B Ratio	N/A	5.66

Net Assets

Winner

NFXL

$144M

ONOF

$144M

Expense Ratio

NFXL

N/A

ONOF

0.39%

Max Drawdown

NFXL

73.38%

Winner

ONOF

26.71%

Sharpe Ratio

NFXL

-1.32

Winner

ONOF

1.34

5Y Beta

NFXL

1.45

Winner

ONOF

0.86

P/E Ratio

NFXL

N/A

ONOF

28.49

Forward P/E

NFXL

N/A

ONOF

21.59

5Y EPS CAGR

NFXL

N/A

ONOF

28.40%

Debt to Equity

NFXL

N/A

ONOF

42.93%

P/S Ratio

NFXL

N/A

ONOF

3.66

P/B Ratio

NFXL

N/A

ONOF

5.66

NFXL vs ONOF - Holdings Comparison

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

NFXL's top 25 holdings weight is 16.45%. ONOF's top 25 holdings weight is 48.53%.

Rank	NFXL	ONOF
#1	NETFLIX INC (NFLX) - 16.45%	NVIDIA CORP (NVDA) - 7.29%
#2	N/A	APPLE INC (AAPL) - 6.51%
#3	N/A	MICROSOFT CORP (MSFT) - 4.54%
#4	N/A	AMAZON.COM INC (AMZN) - 3.56%
#5	N/A	ALPHABET INC CLASS A (GOOGL) - 3.23%
#6	N/A	ALPHABET INC CLASS C (GOOG) - 2.80%
#7	N/A	BROADCOM INC (AVGO) - 2.69%
#8	N/A	TESLA INC (TSLA) - 1.98%
#9	N/A	META PLATFORMS INC CLASS A (META) - 1.94%
#10	N/A	BNY MELLON US LARGE CAP CORE EQUITY ETF (BKLC) - 1.92%
#11	N/A	MICRON TECHNOLOGY INC (MU) - 1.56%
#12	N/A	ELI LILLY AND CO (LLY) - 1.49%
#13	N/A	JPMORGAN CHASE & CO (JPM) - 1.29%
#14	N/A	ADVANCED MICRO DEVICES INC (AMD) - 1.14%
#15	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01%
#16	N/A	EXXON MOBIL CORP (XOM) - 0.96%
#17	N/A	JOHNSON & JOHNSON (JNJ) - 0.88%
#18	N/A	VISA INC CLASS A (V) - 0.85%
#19	N/A	WALMART INC (WMT) - 0.80%
#20	N/A	INTEL CORP (INTC) - 0.74%
#21	N/A	THERMO FISHER SCIENTIFIC INC (TMO) - 0.28%
#22	N/A	TJX COMPANIES INC (TJX) - 0.28%
#23	N/A	NEXTERA ENERGY INC (NEE) - 0.27%
#24	N/A	WESTERN DIGITAL CORP (WDC) - 0.26%
#25	N/A	AMERICAN EXPRESS CO (AXP) - 0.26%
Total Holdings	1	466

NFXL vs ONOF - Historical Returns

Returns include dividend reinvestment.

Period	NFXL	ONOF
1 month	-17.03%	+0.62%
3 months	-31.04%	+8.39%
6 months	-36.21%	+5.72%
1 year	-64.86%	+20.06%
5 years(CAGR)	N/A	+8.83%
Max(CAGR)	-7.20%	+10.16%

NFXL

-17.03%

Winner

ONOF

+0.62%

NFXL

-31.04%

Winner

ONOF

+8.39%

NFXL

-36.21%

Winner

ONOF

+5.72%

NFXL

-64.86%

Winner

ONOF

+20.06%

5Y(CAGR)

NFXL

N/A

ONOF

+8.83%

Max(CAGR)

NFXL

-7.20%

Winner

ONOF

+10.16%

NFXL vs ONOF - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	NFXL	ONOF
2026	-29.75%	+5.37%
2025	-10.70%	+9.04%
2024	+50.97%	+20.01%
2023	N/A	+11.58%
2022	N/A	-12.03%
2021	N/A	+25.19%

NFXL vs ONOF 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 ONOF was -26.21%, occurring on Jun 16, 2022. Recovery took 520 trading sessions.

The current NFXL drawdown is -70.90%. The current ONOF drawdown is -2.44%.

Rank	NFXL	ONOF
#1	-71.86% Jun 30, 2025 - Feb 23, 2026	-26.21% Dec 29, 2021 - Jan 25, 2024
#2	-37.56% Feb 14, 2025 - Apr 24, 2025	-21.67% Feb 19, 2025 - Sep 15, 2025
#3	-22.85% Dec 11, 2024 - Jan 22, 2025	-8.87% Jul 16, 2024 - Nov 6, 2024
#4	-12.44% Oct 10, 2024 - Oct 18, 2024	-6.86% Jan 12, 2026 - Apr 30, 2026
#5	-8.17% May 2, 2025 - May 15, 2025	-5.42% Mar 28, 2024 - May 14, 2024
#6	-8.14% Nov 21, 2024 - Dec 4, 2024	-5.40% Sep 3, 2021 - Oct 20, 2021
#7	-7.73% Jun 5, 2025 - Jun 24, 2025	-5.25% Oct 28, 2025 - Dec 11, 2025
#8	-6.17% Oct 21, 2024 - Nov 6, 2024	-5.13% Feb 12, 2021 - Mar 17, 2021
#9	-5.14% Oct 4, 2024 - Oct 8, 2024	-4.48% Jun 2, 2026 - Jun 10, 2026
#10	-4.55% Dec 6, 2024 - Dec 11, 2024	-4.41% Nov 17, 2021 - Dec 23, 2021
#11	-4.46% May 27, 2025 - Jun 2, 2025	-4.36% Dec 6, 2024 - Jan 22, 2025
#12	-3.85% Feb 10, 2025 - Feb 13, 2025	-4.27% Jan 21, 2021 - Feb 8, 2021
#13	-3.53% Nov 14, 2024 - Nov 18, 2024	-4.20% Apr 29, 2021 - Jun 4, 2021
#14	-2.79% Jan 23, 2025 - Feb 4, 2025	-2.93% Oct 8, 2025 - Oct 24, 2025
#15	-1.68% May 21, 2025 - May 27, 2025	-2.74% Jul 12, 2021 - Jul 23, 2021

Correlation

Correlation between NFXL and ONOF is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

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