BDYN vs. NFXS
BDYN (iShares Dynamic Equity Active ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - BDYN is a Global Equities fund actively managed by iShares, while NFXS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. BDYN charges 0.40%/yr vs 1.03%/yr for NFXS.
Performance
BDYN vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, BDYN achieves a 5.84% return, which is significantly lower than NFXS's 26.00% return.
BDYN
- 1D
- -0.36%
- 1M
- -0.92%
- YTD
- 5.84%
- 6M
- 4.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- 1.44%
- 1M
- 23.02%
- YTD
- 26.00%
- 6M
- 25.81%
- 1Y
- 69.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDYN vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BDYN iShares Dynamic Equity Active ETF | 5.84% | 3.61% |
NFXS Direxion Daily NFLX Bear 1X Shares | 26.00% | 25.31% |
Correlation
The correlation between BDYN and NFXS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | -0.09 |
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Return for Risk
BDYN vs. NFXS — Risk / Return Rank
BDYN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFXS
BDYN vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dynamic Equity Active ETF (BDYN) 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.
| BDYN | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 6.13 | — |
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Drawdowns
BDYN vs. NFXS - Drawdown Comparison
The maximum BDYN drawdown since its inception was -10.85%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for BDYN and NFXS.
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Drawdown Indicators
| BDYN | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.85% | -50.37% | +39.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -2.95% | -11.63% | +8.68% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -31.89% | +30.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.44% | — |
Volatility
BDYN vs. NFXS - Volatility Comparison
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Volatility by Period
| BDYN | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 33.78% | -18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 34.63% | -19.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 34.63% | -19.78% |
BDYN vs. NFXS - Expense Ratio Comparison
BDYN has a 0.40% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
BDYN vs. NFXS - Dividend Comparison
BDYN's dividend yield for the trailing twelve months is around 2.06%, less than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BDYN iShares Dynamic Equity Active ETF | 2.06% | 2.18% | 0.00% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.81% | 3.53% | 0.87% |
Frequently Asked Questions
BDYN and NFXS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BDYN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BDYN is cheaper with a 0.40% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 2.81%, compared with 2.06% for BDYN.
BDYN is categorized as Global Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.40% for BDYN and 1.03% for NFXS.
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