HOOZ vs. NFXS
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds. HOOZ is passively managed, while NFXS is actively managed. At a 0.11 correlation, their price movements are largely independent. HOOZ charges 1.31%/yr vs 1.03%/yr for NFXS.
Performance
HOOZ vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, HOOZ achieves a -11.18% return, which is significantly lower than NFXS's 10.42% return.
HOOZ
- 1D
- 13.13%
- 1M
- -22.74%
- YTD
- -11.18%
- 6M
- 15.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- -0.76%
- 1M
- 7.36%
- YTD
- 10.42%
- 6M
- 17.80%
- 1Y
- 46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -11.18% | -2.76% |
NFXS Direxion Daily NFLX Bear 1X Shares | 10.42% | 22.25% |
Correlation
The correlation between HOOZ and NFXS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | 0.11 |
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Return for Risk
HOOZ vs. NFXS — Risk / Return Rank
HOOZ
NFXS
HOOZ vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) 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
| HOOZ | 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 | -0.16 | -0.37 | +0.21 |
Drawdowns
HOOZ vs. NFXS - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -66.52%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for HOOZ and NFXS.
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Drawdown Indicators
| HOOZ | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.52% | -50.37% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -58.26% | -22.55% | -35.71% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -32.34% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.42% | — |
Volatility
HOOZ vs. NFXS - Volatility Comparison
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Volatility by Period
| HOOZ | 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 | 146.04% | 33.08% | +112.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.04% | 34.61% | +111.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.04% | 34.61% | +111.43% |
HOOZ vs. NFXS - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than NFXS's 1.03% expense ratio.
Dividends
HOOZ vs. NFXS - Dividend Comparison
HOOZ has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | 0.00% | 0.00% | 0.00% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.83% | 3.53% | 0.87% |
Frequently Asked Questions
HOOZ and NFXS have a correlation of 0.11, 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 HOOZ.
NFXS has the higher dividend yield at 2.83%, compared with 0.00% for HOOZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for HOOZ and 1.03% for NFXS.
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