DAMD vs. NFXS
DAMD (Defiance Daily Target 2X Short AMD ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds. DAMD is passively managed, while NFXS is actively managed. At a correlation of -0.03, they often move in opposite directions. DAMD charges 1.31%/yr vs 1.03%/yr for NFXS.
Performance
DAMD vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, DAMD achieves a -90.01% return, which is significantly lower than NFXS's 10.42% return.
DAMD
- 1D
- 21.08%
- 1M
- -30.23%
- YTD
- -90.01%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- -0.76%
- 1M
- 7.36%
- YTD
- 10.42%
- 6M
- 17.80%
- 1Y
- 46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAMD vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | -90.01% | 22.15% |
NFXS Direxion Daily NFLX Bear 1X Shares | 10.42% | 17.90% |
Correlation
The correlation between DAMD and NFXS is -0.03, 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 Nov 17, 2025 | -0.03 |
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Return for Risk
DAMD vs. NFXS — Risk / Return Rank
DAMD
NFXS
DAMD vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DAMD | NFXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.37 | -0.34 |
Drawdowns
DAMD vs. NFXS - Drawdown Comparison
The maximum DAMD drawdown since its inception was -93.52%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for DAMD and NFXS.
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Drawdown Indicators
| DAMD | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.52% | -50.37% | -43.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -91.57% | -22.55% | -69.02% |
Average DrawdownAverage peak-to-trough decline | -39.60% | -32.34% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.42% | — |
Volatility
DAMD vs. NFXS - Volatility Comparison
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Volatility by Period
| DAMD | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.28% | 33.08% | +105.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.28% | 34.61% | +103.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.28% | 34.61% | +103.67% |
DAMD vs. NFXS - Expense Ratio Comparison
DAMD has a 1.31% expense ratio, which is higher than NFXS's 1.03% expense ratio.
Dividends
DAMD vs. NFXS - Dividend Comparison
DAMD has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | 0.00% | 0.00% | 0.00% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.83% | 3.53% | 0.87% |
Frequently Asked Questions
DAMD and NFXS have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NFXS is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NFXS is cheaper with a 1.03% expense ratio, compared with 1.31% for DAMD.
NFXS has the higher dividend yield at 2.83%, compared with 0.00% for DAMD.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for DAMD and 1.03% for NFXS.
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