How NFXL and NFXS can Give Levered Exposure to Netflix

So Netflix is a leading innovative company and NFXL is two times long exposure to Netflix while NFXs is one time short.

Now these funds haven't been around long and the nature of the volatility can significantly impact the return.

You can see on this 9-month chart, Netflix was up 77% and the two times version gave you more than double, while the one-time short fund only fell by 47% and not the 77% you could have expected.

So, this is all part of the performance deviation you could get depending on the nature of the volatility during the time frame.

During this time period, the underlying asset Netflix was mostly positive and upward.