NFXL ETF — Direxion Daily NFLX Bull 2X Shares

Direxion Daily NFLX Bull 2X Shares (NFXL)

Updated October 16, 2026.

NFXL is an ETF linked to Netflix (NFLX). its distribution rate is 3.38%, its trailing-12-month yield is 13.67%, its expense ratio is 1.05%. Dividend Vision Distribution Safety Score™ is 27/100 (Elevated risk). Total return is -37.8% over the past 2 years, 37.6 points behind NFLX at -0.2%.

Direxion Daily NFLX Bull 2X Shares is an ETF that seeks to deliver twice the daily performance of Netflix stock through leveraged exposure using swap agreements and options; it is non-diversified and concentrates its assets in NFLX and related financial instruments. The fund carries a modest current distribution rate paid quarterly and has an expense ratio of 1.05%. This ETF appeals to traders and active investors seeking amplified short-term exposure to Netflix price movements, though the daily rebalancing mechanism and leverage make it suitable primarily for tactical positioning rather than long-term buy-and-hold strategies.

NFXL performance versus NFLX

Price and return data through 2026-10-16.

Total return is -37.8% over the past 2 years, 37.6 points behind NFLX at -0.2%. Over the past year its total return — price change plus distributions reinvested — is -72.3%. Its deepest 1-year drawdown was 77.0%.

NFXL key facts

Distribution Safety Score™

27 · Elevated risk

Safety-Adjusted Yield

0.91%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

10/02/2024

Expense ratio

1.05%

Distribution rate

3.38%

Distribution frequency

Quarterly

Trailing yield

13.67%

Last close

$14.07 (as of 2026-10-16)

AUM

$148,602,442

Average volume

1611987.0

Dividend

$0.119

Ex-dividend date

09/22/2026

Payment date

09/29/2026

How Dividend Vision calculates yield and returns

Distribution rate (3.38%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (13.67%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Netflix (NFLX); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NFXL risks and drawbacks

NFXL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed NFLX over the available window. The deepest 1-year drawdown on record here is 77.0%.

Who may consider NFXL — and who may not

NFXL may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (NFXL pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching NFLX total return. This is educational context, not a recommendation to buy or sell.

More on NFXL

• All tickers starting with N

Tagged: Leverage.

Frequently asked questions

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