FLTR vs. NFXS

Last updated Jun 24, 2026

FLTR (VanEck IG Floating Rate ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index, while NFXS is a Inverse Equities fund actively managed by Direxion. FLTR is passively managed, while NFXS is actively managed. Over the past year, FLTR returned 5.25% vs 64.26% for NFXS. At a correlation of -0.14, they often move in opposite directions. FLTR charges 0.14%/yr vs 1.03%/yr for NFXS.

Performance

FLTR vs. NFXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck IG Floating Rate ETF (FLTR) 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, FLTR achieves a 2.19% return, which is significantly lower than NFXS's 24.21% return.

FLTR

• 1D: 0.08%
• 1M: 0.38%
• YTD: 2.19%
• 6M: 2.36%
• 1Y: 5.25%
• 3Y*: 6.16%
• 5Y*: 4.55%
• 10Y*: 3.49%

NFXS

• 1D: 0.09%
• 1M: 21.28%
• YTD: 24.21%
• 6M: 24.00%
• 1Y: 64.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLTR vs. NFXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLTR VanEck IG Floating Rate ETF	2.19%	5.22%	1.75%
NFXS Direxion Daily NFLX Bear 1X Shares	24.21%	-8.56%	-21.49%

Correlation

The correlation between FLTR and NFXS is -0.10, 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 (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	-0.14

Return for Risk

FLTR vs. NFXS — Risk / Return Rank

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

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 98
FLTR Martin Ratio Rank: 99

NFXS

NFXS Risk / Return Rank: 55
NFXS Sharpe Ratio Rank: 65
NFXS Sortino Ratio Rank: 60
NFXS Omega Ratio Rank: 68
NFXS Calmar Ratio Rank: 45
NFXS Martin Ratio Rank: 39

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.

FLTR vs. NFXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck IG Floating Rate ETF (FLTR) 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.

	FLTR	NFXS	Difference
Sharpe ratio: Return per unit of total volatility	6.56	1.91	+4.64
Sortino ratio: Return per unit of downside risk	12.18	2.55	+9.63
Omega ratio: Gain probability vs. loss probability	3.03	1.36	+1.67
Calmar ratio: Return relative to maximum drawdown	16.82	2.06	+14.76
Martin ratio: Return relative to average drawdown	98.58	5.64	+92.95

FLTR vs. NFXS - Sharpe Ratio Comparison

The current FLTR Sharpe Ratio is 6.56, which is higher than the NFXS Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FLTR 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

FLTR vs. NFXS - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for FLTR and NFXS.

Drawdown Indicators

	FLTR	NFXS	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-50.37%	+32.53%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-31.31%	+31.00%
Max Drawdown (3Y) Largest decline over 3 years	-1.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	—	—
Current Drawdown Current decline from peak	-0.00%	-12.88%	+12.88%
Average Drawdown Average peak-to-trough decline	-0.67%	-31.93%	+31.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	11.45%	-11.40%

Volatility

FLTR vs. NFXS - Volatility Comparison

The current volatility for VanEck IG Floating Rate ETF (FLTR) is 0.29%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.74%. This indicates that FLTR 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

	FLTR	NFXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	7.74%	-7.45%
Volatility (6M) Calculated over the trailing 6-month period	0.66%	26.22%	-25.56%
Volatility (1Y) Calculated over the trailing 1-year period	0.80%	33.81%	-33.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.13%	34.65%	-32.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	34.65%	-29.65%

FLTR vs. NFXS - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is lower than NFXS's 1.03% expense ratio.

Dividends

FLTR vs. NFXS - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.72%, more than NFXS's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck IG Floating Rate ETF	4.72%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
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

Can I hold both FLTR and NFXS in my portfolio?

FLTR and NFXS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTR or NFXS?

NFXS has higher volatility (7.74%) compared to FLTR (0.29%). In terms of maximum drawdown, FLTR dropped -17.84% vs NFXS's -50.37%.

Which ETF is better, FLTR or NFXS?

On 1-year performance, NFXS leads with 64.26% vs 5.25% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTR or NFXS?

Over the 1-year period, NFXS has performed better with a 64.26% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTR or NFXS?

FLTR is cheaper with a 0.14% expense ratio, compared with 1.03% for NFXS.

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

FLTR has the higher dividend yield at 4.72%, compared with 3.23% for NFXS.

What is the main difference between FLTR and NFXS?

FLTR is categorized as Corporate Bonds, while NFXS is Inverse Equities. They also come from different issuers: VanEck and Direxion. Their fees differ too: 0.14% for FLTR and 1.03% for NFXS.

Which has better risk-adjusted returns?

FLTR currently has the higher Sharpe Ratio (6.56 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.