EIS vs. NFXS
EIS (iShares MSCI Israel ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while NFXS is a Inverse Equities fund actively managed by Direxion. EIS is passively managed, while NFXS is actively managed. Over the past year, EIS returned 35.91% vs 64.26% for NFXS. At a correlation of -0.26, they often move in opposite directions. EIS charges 0.59%/yr vs 1.03%/yr for NFXS.
Performance
EIS vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, EIS achieves a 9.26% return, which is significantly lower than NFXS's 24.21% return.
EIS
- 1D
- -1.31%
- 1M
- -10.17%
- YTD
- 9.26%
- 6M
- 6.96%
- 1Y
- 35.91%
- 3Y*
- 31.69%
- 5Y*
- 12.91%
- 10Y*
- 11.61%
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EIS iShares MSCI Israel ETF | 9.26% | 45.11% | 18.55% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between EIS and NFXS is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.26 |
The correlation between EIS and NFXS shifts across timeframes, from -0.26 (all time) to -0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EIS vs. NFXS — Risk / Return Rank
EIS
NFXS
EIS vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.
| EIS | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.06 | +0.78 |
| Martin ratioReturn relative to average drawdown | 9.08 | 5.64 | +3.44 |
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Drawdowns
EIS vs. NFXS - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, roughly equal to the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for EIS and NFXS.
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Drawdown Indicators
| EIS | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -50.37% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -31.31% | +18.62% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | — | — |
Current DrawdownCurrent decline from peak | -12.69% | -12.88% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -31.93% | +18.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 11.45% | -7.49% |
Volatility
EIS vs. NFXS - Volatility Comparison
iShares MSCI Israel ETF (EIS) has a higher volatility of 10.15% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.74%. This indicates that EIS'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.
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Volatility by Period
| EIS | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 7.74% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 26.22% | -8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 33.81% | -10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 34.65% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 34.65% | -13.42% |
EIS vs. NFXS - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
EIS vs. NFXS - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.56%, less than NFXS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.56% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
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
EIS and NFXS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIS has higher volatility (10.15%) compared to NFXS (7.74%). In terms of maximum drawdown, EIS dropped -51.94% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs 35.91% for EIS. On fees, EIS is cheaper at 0.59% 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.
Over the 1-year period, NFXS has performed better with a 64.26% return vs 35.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EIS is cheaper with a 0.59% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 3.23%, compared with 1.56% for EIS.
EIS is categorized as Foreign Large Cap Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.59% for EIS and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (1.91 vs 1.55), 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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