ACWV vs. NFXS
ACWV (iShares MSCI Global Min Vol Factor ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while NFXS is a Inverse Equities fund actively managed by Direxion. ACWV is passively managed, while NFXS is actively managed. Over the past year, ACWV returned 3.93% vs 64.26% for NFXS. At a correlation of -0.19, they often move in opposite directions. ACWV charges 0.20%/yr vs 1.03%/yr for NFXS.
Performance
ACWV vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, ACWV achieves a 1.23% return, which is significantly lower than NFXS's 24.21% return.
ACWV
- 1D
- -0.08%
- 1M
- -1.78%
- YTD
- 1.23%
- 6M
- 0.78%
- 1Y
- 3.93%
- 3Y*
- 9.62%
- 5Y*
- 5.34%
- 10Y*
- 7.32%
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWV vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 1.23% | 11.04% | -3.27% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between ACWV and NFXS is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.19 |
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Return for Risk
ACWV vs. NFXS — Risk / Return Rank
ACWV
NFXS
ACWV vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Direxion Daily NFLX Bear 1X Shares (NFXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACWV | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.36 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.06 | -1.44 |
| Martin ratioReturn relative to average drawdown | 1.83 | 5.64 | -3.81 |
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Drawdowns
ACWV vs. NFXS - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for ACWV and NFXS.
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Drawdown Indicators
| ACWV | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -50.37% | +21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -31.31% | +24.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | — | — |
Current DrawdownCurrent decline from peak | -3.99% | -12.88% | +8.89% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -31.93% | +28.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 11.45% | -9.30% |
Volatility
ACWV vs. NFXS - Volatility Comparison
The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.11%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.74%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than NFXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWV | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 7.74% | -5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 26.22% | -20.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 33.81% | -25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.22% | 34.65% | -24.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 34.65% | -22.36% |
ACWV vs. NFXS - Expense Ratio Comparison
ACWV has a 0.20% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
ACWV vs. NFXS - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 1.98%, less than NFXS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 1.98% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
NFXS Direxion Daily NFLX Bear 1X Shares | 3.23% | 3.53% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACWV and NFXS have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFXS has higher volatility (7.74%) compared to ACWV (2.11%). In terms of maximum drawdown, ACWV dropped -28.82% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs 3.93% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NFXS has performed better with a 64.26% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACWV is cheaper with a 0.20% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 3.23%, compared with 1.98% for ACWV.
ACWV is categorized as Large Cap Blend Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for ACWV and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (1.91 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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