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Direxion Daily NFLX Bear 1X Shares (NFXS) Sharpe Ratio: 1.42

ETF · Currency in USD · Last updated Aug 4, 2026

The Direxion Daily NFLX Bear 1X Shares (NFXS) is a single-stock inverse ETF that seeks daily investment results, before fees and expenses, of -100% of the daily performance of Netflix, Inc. (NFLX) common shares. The fund uses swaps and other derivatives to deliver one-day inverse exposure to NFLX and is designed as a short-term trading tool for investors who understand leverage and inverse risk. It is not intended for holding periods longer than a single trading day due to daily resetting of its exposure.

NFXS's Sharpe Ratio of 1.42 indicates that for each unit of volatility, it generates 1.42 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

NFXS Sharpe Ratio Rank

NFXS Sharpe Ratio Rank: 53.253
Average

NFXS ranks above 53.2% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

NFXS Sharpe Ratio Market Positioning

The chart shows NFXS's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.63 or lower
  • Yellow zone (middle 50%): 0.63 to 1.93
  • Green zone (top 25%): 1.93 or higher
  • Top 1%: 6.38+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily NFLX Bear 1X Shares's Sharpe Ratio with other ETFs in the Inverse Equities category across multiple time periods, showing how NFXS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NFXSDirexion Daily NFLX Bear 1X Shares1.42
MSTZT-REX 2X Inverse MSTR Daily Target ETF1.01
SVIX-1x Short VIX Futures ETF0.94
FIATYieldMax Short COIN Option Income Strategy ETF0.88
SMSTDefiance Daily Target 2X Short MSTR ETF0.81
METDDirexion Daily META Bear 1X ETF0.44
BRKDDirexion Daily BRKB Bear 1X Shares0.13
MSFDDirexion Daily MSFT Bear 1X Shares0.07
YXIProShares Short FTSE China 500.04
CONIGraniteShares 2x Short COIN Daily ETF0.03
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows NFXS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NFXS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does NFXS fit in your portfolio?

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