PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Direxion Daily NFLX Bear 1X Shares (NFXS) Sortino Ratio: 1.80

ETF · Currency in USD · Last updated Jun 3, 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 Sortino Ratio of 1.80 indicates that for each unit of downside volatility, it generates 1.80 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

NFXS Sortino Ratio Rank

NFXS Sortino Ratio Rank: 33.133
Below Average

NFXS ranks above 33.1% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Returns may not adequately compensate for downside risk taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better downside protection
  • Assess whether downside exposure aligns with your portfolio goals

NFXS Sortino Ratio Market Positioning

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

  • Red zone (bottom 25%): 1.38 or lower
  • Yellow zone (middle 50%): 1.38 to 3.47
  • Green zone (top 25%): 3.47 or higher
  • Top 1%: 13.15+
  • Median: 2.49 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily NFLX Bear 1X Shares's Sortino 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 Jun 3, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
NFXSDirexion Daily NFLX Bear 1X Shares1.80
MSTZT-REX 2X Inverse MSTR Daily Target ETF1.52
SVIXVolatility Shares -1x Short VIX Futures ETF1.52
SMSTDefiance Daily Target 2X Short MSTR ETF1.40
BRKDDirexion Daily BRKB Bear 1X Shares1.14
METDDirexion Daily META Bear 1X ETF0.49
MSFDDirexion Daily MSFT Bear 1X Shares0.42
SEFProShares Short Financials0.35
FIATYieldMax Short COIN Option Income Strategy ETF0.17
CONIGraniteShares 2x Short COIN Daily ETF0.14

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows NFXS's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. 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.

Loading charts...

Sortino Ratio Calculator

IHow does NFXS fit in your portfolio?

Add your other holdings to see your portfolio's Sortino Ratio and find out.

Analyze Your Portfolio