AOTG vs. NFXS

Last updated Jun 24, 2026

AOTG (AOT Growth and Innovation ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - AOTG is a Technology Equities fund actively managed by AOT, while NFXS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, AOTG returned 31.87% vs 64.26% for NFXS. At a correlation of -0.39, they often move in opposite directions. AOTG charges 0.75%/yr vs 1.03%/yr for NFXS.

Performance

AOTG vs. NFXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AOT Growth and Innovation ETF (AOTG) and Direxion Daily NFLX Bear 1X Shares (NFXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOTG achieves a 10.85% return, which is significantly lower than NFXS's 24.21% return.

AOTG

• 1D: -3.99%
• 1M: 3.36%
• YTD: 10.85%
• 6M: 9.11%
• 1Y: 31.87%
• 3Y*: 26.75%
• 5Y*: —
• 10Y*: —

NFXS

• 1D: 0.09%
• 1M: 21.28%
• YTD: 24.21%
• 6M: 24.00%
• 1Y: 64.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AOTG vs. NFXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AOTG AOT Growth and Innovation ETF	10.85%	25.26%	9.52%
NFXS Direxion Daily NFLX Bear 1X Shares	24.21%	-8.56%	-21.49%

Correlation

The correlation between AOTG and NFXS is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	-0.39

The correlation between AOTG and NFXS shifts across timeframes, from -0.39 (all time) to -0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AOTG vs. NFXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOTG

AOTG Risk / Return Rank: 33
AOTG Sharpe Ratio Rank: 36
AOTG Sortino Ratio Rank: 33
AOTG Omega Ratio Rank: 35
AOTG Calmar Ratio Rank: 29
AOTG Martin Ratio Rank: 29

NFXS

NFXS Risk / Return Rank: 55
NFXS Sharpe Ratio Rank: 65
NFXS Sortino Ratio Rank: 60
NFXS Omega Ratio Rank: 68
NFXS Calmar Ratio Rank: 45
NFXS Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOTG vs. NFXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AOT Growth and Innovation ETF (AOTG) 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.

	AOTG	NFXS	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.91	-0.68
Sortino ratio: Return per unit of downside risk	1.71	2.55	-0.84
Omega ratio: Gain probability vs. loss probability	1.22	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.40	2.06	-0.66
Martin ratio: Return relative to average drawdown	3.96	5.64	-1.68

AOTG vs. NFXS - Sharpe Ratio Comparison

The current AOTG Sharpe Ratio is 1.24, which is lower than the NFXS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of AOTG and NFXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AOTG vs. NFXS - Drawdown Comparison

The maximum AOTG drawdown since its inception was -31.63%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for AOTG and NFXS.

Drawdown Indicators

	AOTG	NFXS	Difference
Max Drawdown Largest peak-to-trough decline	-31.63%	-50.37%	+18.74%
Max Drawdown (1Y) Largest decline over 1 year	-22.85%	-31.31%	+8.46%
Max Drawdown (3Y) Largest decline over 3 years	-27.41%	—	—
Current Drawdown Current decline from peak	-7.25%	-12.88%	+5.63%
Average Drawdown Average peak-to-trough decline	-7.86%	-31.93%	+24.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	11.45%	-3.38%

Volatility

AOTG vs. NFXS - Volatility Comparison

AOT Growth and Innovation ETF (AOTG) has a higher volatility of 12.24% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.74%. This indicates that AOTG's price experiences larger fluctuations and is considered to be riskier than NFXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOTG	NFXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	7.74%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	26.22%	-5.00%
Volatility (1Y) Calculated over the trailing 1-year period	25.89%	33.81%	-7.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	34.65%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.56%	34.65%	-5.09%

AOTG vs. NFXS - Expense Ratio Comparison

AOTG has a 0.75% expense ratio, which is lower than NFXS's 1.03% expense ratio.

Dividends

AOTG vs. NFXS - Dividend Comparison

AOTG has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 3.23%.

Position	TTM	2025	2024
AOTG AOT Growth and Innovation ETF	0.00%	0.00%	0.00%
NFXS Direxion Daily NFLX Bear 1X Shares	3.23%	3.53%	0.87%

Frequently Asked Questions

Can I hold both AOTG and NFXS in my portfolio?

AOTG and NFXS have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOTG or NFXS?

AOTG has higher volatility (12.24%) compared to NFXS (7.74%). In terms of maximum drawdown, AOTG dropped -31.63% vs NFXS's -50.37%.

Which ETF is better, AOTG or NFXS?

On 1-year performance, NFXS leads with 64.26% vs 31.87% for AOTG. On fees, AOTG is cheaper at 0.75% per year. On volatility, NFXS has been the lower-risk option at 7.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOTG or NFXS?

Over the 1-year period, NFXS has performed better with a 64.26% return vs 31.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOTG or NFXS?

AOTG is cheaper with a 0.75% expense ratio, compared with 1.03% for NFXS.

Which ETF pays a higher dividend yield, AOTG or NFXS?

NFXS has the higher dividend yield at 3.23%, compared with 0.00% for AOTG.

What is the main difference between AOTG and NFXS?

AOTG is categorized as Technology Equities, while NFXS is Inverse Equities. They also come from different issuers: AOT and Direxion. Their fees differ too: 0.75% for AOTG and 1.03% for NFXS.

Which has better risk-adjusted returns?

NFXS currently has the higher Sharpe Ratio (1.91 vs 1.24), 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.