Direxion Daily NFLX Bear 1X ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$21.38+0.04 (+0.19%)
- 1.13%
- $3M
- +61.2%
- 2.44%
- 0M sh
- $21.43
- low $13.29high $23.28
The ETF.net NFXS Grade
C
Score 40 out of 100
- 31 of 58
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 79
- This cap took
- −39
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.A82 out of 100Rank 11 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 17 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A96 out of 100Rank 1 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 33 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 29 of 58
Our read on NFXS
CThe plain-vanilla short. While the inverse single-stock aisle piles on 2x, NFXS aims for one times the opposite of Netflix's daily move: no margin account, no stock to borrow, just a ticker you can buy.
The fund seeks daily investment results equal to 100% of the inverse of Netflix common shares' performance, before fees and expenses.
Why people hold it
- One dose of inverse, not two. The fund aims for -100% of Netflix's daily move, so a bad day bites at the stock's own speed rather than double it.direxion.com
- The 1.13% annual fee sits below the median for inverse single-stock funds, and under Direxion's own MSFT bear sibling, MSFD.
- It has hit its stated daily inverse target tightly, one of the stronger implementations in its bear single-stock peer group.
- A registered 1940 Act fund, so the share price is the whole commitment: no borrow to locate, no margin call if Netflix rips higher overnight.
Worth knowing
- The -100% objective resets every day. Hold for weeks and the result can drift far from the inverse of Netflix's move over that stretch, especially in a choppy tape.
- Small and thinly traded. Spreads can widen, so limit orders and calmer mid-session trading matter more here than in a mega-fund.
- One stock, one direction. Earnings night lands undiluted, and with a 2024 launch the fund has only a short history behind it.
NFXS Holdings
- Other
- 4
- 1531%
- Nflx Swap Asset Leg (Nflxgss)
NFXS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NFXS$16,123
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NFXS |
|---|---|
| Year to date | +25.8% |
| 1 month | +9.2% |
| 3 months | +2.4% |
| 1 year | +61.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NFXS |
|---|---|---|
| 2026 YTD | +25.8% | |
| 2025 | −8.5% | |
| 2024 | −21.2% |
NFXS in the news
NFXS Dividends
- 2.44%
- $0.52
- $0.13 per share
- Quarterly
Distribution history
NFXS Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 37.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.06
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −50.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.29
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NFXS Cost
1.13%
NFXS1.13%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
10 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
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- CPALDDirexion Daily PANW Bear 1X ETFExpense ratio 2.33%1 year return −56.5%
- CQBTZDefiance Daily Target 2X Short QBTS ETFExpense ratio 2.31%1 year return −92.9%
- CQCMDDirexion Daily QCOM Bear 1X SharesExpense ratio 2.76%1 year return −31.4%