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NFXS vs TSDD

Direxion Daily NFLX Bear 1X ETF

NFXSCNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.05pt a year

NFXS1.03%TSDD0.98%

Avg volume · 30D

TSDD 488.3×the volume

NFXS22.5KTSDD11M

NFXS vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

+69.4%NFXS−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. NFXS +69.4%. TSDD −24.7%. Use the arrow keys to read each point.0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
NFXS 1.03%
TSDD 0.98%, better
Fund size
NFXS $3M
TSDD $31M
1Y total return
NFXS +69.4%, better
TSDD −24.7%
Yield (12M)
NFXS 2.16%
TSDD 10.55%, better
Holdings
NFXS 4
TSDD 1
Avg volume (30D)
NFXS 22.5K sh
TSDD 11M sh, better
NAV per share
NFXS $24.19
TSDD $6.07
52W range

ETF.net Grade

NFXS: Cost 69, Risk 96, Mission 97, Tradability 25, Holdings not scored, Durability 51. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for NFXS, TSDD, with each pillar’s weight
PillarNFXSTSDD
Cost30% weightB69A94Higher
Mission25% weightA97A98Higher
Risk15% weightA96HigherC49
Tradability15% weightD25A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51A72Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NFXS and TSDD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSDD ranks 2nd and NFXS 28th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 28CCSCSDirexion Daily CSCO Bear 1X ETFScore 40
  5. Rank 28CNFXSDirexion Daily NFLX Bear 1X ETFScore 40
  6. Rank 28CPALDDirexion Daily PANW Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

NFXSCDirexion Daily NFLX Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NFXS Shorting Netflix without a margin account or a borrow: NFXS aims to deliver 100% of the inverse of NFLX's one-day move. Direxion runs the bull side of this pair at 2x and the bear side at 1x, so it's a straight short, not an amplified one.

TSDD Tesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

Stated mandate

NFXS The fund seeks daily investment results equal to 100% of the inverse of Netflix common shares' performance, before fees and expenses.

TSDD The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

Why people hold it

  • NFXS One-to-one inverse exposure, built with swaps rather than borrowed stock, so a bearish Netflix view fits in a regular brokerage account with no short-sale mechanics to manage.sec.gov
  • Costs 1.03% a year, net of a waiver through September 1, 2027 (1.13% gross), which sits below the median fee in a category of 54 single-stock bear funds.
  • Has tracked its stated one-day inverse target closely since launching in 2024, which is the whole job for a daily-reset fund.
  • The unlevered half of Direxion's NFLX pair: NFXL targets 200% of the stock's daily move, NFXS targets -100%, so you pick the short without the leverage.direxion.com
  • TSDD 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

Worth knowing

  • NFXS The target resets every day. Hold longer than a day and compounding can push results away from -100% of the stock's move over that stretch, especially in choppy markets.sec.gov
  • A small fund that trades lightly next to the biggest single-stock bear ETFs, so spreads can widen. Limit orders matter more here.
  • Direxion's AAPL bear 1X, AAPD, charges 0.96% with no waiver attached, a reminder that bear 1X pricing varies across the lineup.
  • TSDD The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

Full NFXS profile⁠

Full TSDD profile⁠

NFXS vs TSDD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NFXS vs TSDD Cost

Overpaying NFXS vs TSDD

$811

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NFXS 1.03%

    $19,173

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • NFXS 1.03%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFXS $19,173TSDD $18,362

Year by year

YearNFXSTSDDOverpaying
10$1,814$1,729$85
20$6,807$6,504$303
30$19,173$18,362$811

Expense ratio

  • 1.03%NFXS
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

NFXS 18th cheapest of 43 funds

NFXS vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NFXS 2.16%
TSDD 10.55%, better
Payout (12M)
NFXS $0.52
TSDD $0.65
Last payment
NFXS $0.13
TSDD $0.65
Ex-dividend
NFXS Sep 22, 2026
TSDD Dec 29, 2025
Paid on
NFXS Sep 29, 2026
TSDD Dec 31, 2025
Frequency
NFXS Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

NFXSQuarterly · 8 paymentsAll NFXS payments⁠
One bar per payment. 8 payments from 2023 to 2026 YTD. Dec 23, 2024 $0.17; Mar 25, 2025 $0.15; Jun 24, 2025 $0.08; Sep 23, 2025 $0.21; Dec 23, 2025 $0.16; Mar 24, 2026 $0.08; Jun 23, 2026 $0.15; Sep 22, 2026 $0.13. Use the arrow keys to read each point.$0$5020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD

NFXS vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NFXS 37.5%since Nov 2024TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
NFXS 0.21since Nov 2024TSDD −0.87
Worst fallMax drawdown, 5 years
NFXS −50.4%since Oct 2024TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
NFXS −0.29TSDD −2.40

Popular comparisons

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    Direxion Daily NFLX Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
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    Category
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  • TSDDAvsAAPDA

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  • NFXSCvsSKHZA

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  • TSDDAvsSKHZA

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    Expense ratio
    0.98% · 0.75%
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  • NFXSCvsTSLSA

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    1.03% · 0.95%
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  • TSDDAvsTSLSA

    GraniteShares 2x Short TSLA Daily ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    0.98% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.