ETH vs. NFXS
ETH (Grayscale Ethereum Staking Mini ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - ETH is a Cryptocurrency fund actively managed by Grayscale, while NFXS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, ETH returned -27.60% vs 64.26% for NFXS. At a correlation of -0.18, they often move in opposite directions. ETH charges 0.15%/yr vs 1.03%/yr for NFXS.
Performance
ETH vs. NFXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETH achieves a -43.73% return, which is significantly lower than NFXS's 24.21% return.
ETH
- 1D
- -4.13%
- 1M
- -19.44%
- YTD
- -43.73%
- 6M
- -43.65%
- 1Y
- -27.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -43.73% | -10.89% | 40.58% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between ETH 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 | -0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETH vs. NFXS — Risk / Return Rank
ETH
NFXS
ETH vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) 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.
| ETH | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.06 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.69 | 5.64 | -6.32 |
Loading charts...
Drawdowns
ETH vs. NFXS - Drawdown Comparison
The maximum ETH drawdown since its inception was -67.19%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for ETH and NFXS.
Loading charts...
Drawdown Indicators
| ETH | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -50.37% | -16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -67.19% | -31.31% | -35.88% |
Current DrawdownCurrent decline from peak | -65.34% | -12.88% | -52.46% |
Average DrawdownAverage peak-to-trough decline | -33.50% | -31.93% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.15% | 11.45% | +28.70% |
Volatility
ETH vs. NFXS - Volatility Comparison
Grayscale Ethereum Staking Mini ETF (ETH) has a higher volatility of 19.75% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.74%. This indicates that ETH'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.
Loading charts...
Volatility by Period
| ETH | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.75% | 7.74% | +12.01% |
Volatility (6M)Calculated over the trailing 6-month period | 46.93% | 26.22% | +20.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.05% | 33.81% | +35.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.37% | 34.65% | +37.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.37% | 34.65% | +37.72% |
ETH vs. NFXS - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
ETH vs. NFXS - Dividend Comparison
ETH has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% |
NFXS Direxion Daily NFLX Bear 1X Shares | 3.23% | 3.53% | 0.87% |
Frequently Asked Questions
ETH 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.
ETH has higher volatility (19.75%) compared to NFXS (7.74%). In terms of maximum drawdown, ETH dropped -67.19% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs -27.60% for ETH. On fees, ETH is cheaper at 0.15% 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 -27.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 3.23%, compared with 0.00% for ETH.
ETH is categorized as Cryptocurrency, while NFXS is Inverse Equities. They also come from different issuers: Grayscale and Direxion. Their fees differ too: 0.15% for ETH and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (1.91 vs -0.40), 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.
Find the right allocation for ETH and NFXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer