DUBS vs. NFXS

Last updated Jun 25, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - DUBS is a Large Cap Blend Equities fund actively managed by Aptus, while NFXS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, DUBS returned 25.63% vs 69.91% for NFXS. At a correlation of -0.35, they often move in opposite directions. DUBS charges 0.39%/yr vs 1.03%/yr for NFXS.

Performance

DUBS vs. NFXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) 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, DUBS achieves a 9.29% return, which is significantly lower than NFXS's 26.00% return.

DUBS

• 1D: -0.15%
• 1M: -1.68%
• YTD: 9.29%
• 6M: 8.37%
• 1Y: 25.63%
• 3Y*: 20.60%
• 5Y*: —
• 10Y*: —

NFXS

• 1D: 1.44%
• 1M: 23.02%
• YTD: 26.00%
• 6M: 25.81%
• 1Y: 69.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUBS vs. NFXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUBS Aptus Large Cap Enhanced Yield ETF	9.29%	19.28%	3.37%
NFXS Direxion Daily NFLX Bear 1X Shares	26.00%	-8.56%	-21.49%

Correlation

The correlation between DUBS and NFXS is -0.21, 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	-0.21
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	-0.35

The correlation between DUBS and NFXS shifts across timeframes, from -0.35 (all time) to -0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DUBS vs. NFXS — Risk / Return Rank

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

DUBS

DUBS Risk / Return Rank: 70
DUBS Sharpe Ratio Rank: 67
DUBS Sortino Ratio Rank: 64
DUBS Omega Ratio Rank: 68
DUBS Calmar Ratio Rank: 70
DUBS Martin Ratio Rank: 81

NFXS

NFXS Risk / Return Rank: 63
NFXS Sharpe Ratio Rank: 75
NFXS Sortino Ratio Rank: 69
NFXS Omega Ratio Rank: 76
NFXS Calmar Ratio Rank: 52
NFXS Martin Ratio Rank: 43

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.

DUBS vs. NFXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) 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.

	DUBS	NFXS	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.08	-0.17
Sortino ratio: Return per unit of downside risk	2.58	2.72	-0.14
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	3.11	2.24	+0.86
Martin ratio: Return relative to average drawdown	13.91	6.13	+7.78

DUBS vs. NFXS - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 1.91, which is comparable to the NFXS Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DUBS 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

DUBS vs. NFXS - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for DUBS and NFXS.

Drawdown Indicators

	DUBS	NFXS	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-50.37%	+31.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-31.31%	+23.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	—	—
Current Drawdown Current decline from peak	-3.47%	-11.63%	+8.16%
Average Drawdown Average peak-to-trough decline	-1.95%	-31.89%	+29.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	11.44%	-9.59%

Volatility

DUBS vs. NFXS - Volatility Comparison

The current volatility for Aptus Large Cap Enhanced Yield ETF (DUBS) is 5.35%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.76%. This indicates that DUBS 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.

Volatility by Period

	DUBS	NFXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	7.76%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	26.25%	-15.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	33.78%	-20.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	34.63%	-19.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	34.63%	-19.92%

DUBS vs. NFXS - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is lower than NFXS's 1.03% expense ratio.

Dividends

DUBS vs. NFXS - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.99%, less than NFXS's 2.81% yield.

Position	TTM	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	1.99%	2.06%	2.52%	1.14%
NFXS Direxion Daily NFLX Bear 1X Shares	2.81%	3.53%	0.87%	0.00%

Frequently Asked Questions

Can I hold both DUBS and NFXS in my portfolio?

DUBS and NFXS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUBS or NFXS?

NFXS has higher volatility (7.76%) compared to DUBS (5.35%). In terms of maximum drawdown, DUBS dropped -18.48% vs NFXS's -50.37%.

Which ETF is better, DUBS or NFXS?

On 1-year performance, NFXS leads with 69.91% vs 25.63% for DUBS. On fees, DUBS is cheaper at 0.39% per year. On volatility, DUBS has been the lower-risk option at 5.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUBS or NFXS?

Over the 1-year period, NFXS has performed better with a 69.91% return vs 25.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUBS or NFXS?

DUBS is cheaper with a 0.39% expense ratio, compared with 1.03% for NFXS.

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

NFXS has the higher dividend yield at 2.81%, compared with 1.99% for DUBS.

What is the main difference between DUBS and NFXS?

DUBS is categorized as Large Cap Blend Equities, while NFXS is Inverse Equities. They also come from different issuers: Aptus and Direxion. Their fees differ too: 0.39% for DUBS and 1.03% for NFXS.

Which has better risk-adjusted returns?

NFXS currently has the higher Sharpe Ratio (2.08 vs 1.91), 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.