IBLC vs. NFXS
IBLC (iShares Blockchain and Tech ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - IBLC is a Cryptocurrency fund tracking the ICE FactSet Global Blockchain Technologies Index, while NFXS is a Inverse Equities fund actively managed by Direxion. IBLC is passively managed, while NFXS is actively managed. Over the past year, IBLC returned 63.95% vs 64.26% for NFXS. At a correlation of -0.25, they often move in opposite directions. IBLC charges 0.47%/yr vs 1.03%/yr for NFXS.
Performance
IBLC vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, IBLC achieves a 27.22% return, which is significantly higher than NFXS's 24.21% return.
IBLC
- 1D
- -2.19%
- 1M
- -0.02%
- YTD
- 27.22%
- 6M
- 19.07%
- 1Y
- 63.95%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 27.22% | 27.05% | 20.97% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between IBLC and NFXS is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.25 |
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Return for Risk
IBLC vs. NFXS — Risk / Return Rank
IBLC
NFXS
IBLC vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) 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.
| IBLC | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.06 | -0.63 |
| Martin ratioReturn relative to average drawdown | 2.80 | 5.64 | -2.83 |
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Drawdowns
IBLC vs. NFXS - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for IBLC and NFXS.
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Drawdown Indicators
| IBLC | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -50.37% | -12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -44.94% | -31.31% | -13.63% |
Max Drawdown (3Y)Largest decline over 3 years | -51.68% | — | — |
Current DrawdownCurrent decline from peak | -16.36% | -12.88% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -31.93% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.89% | 11.45% | +11.44% |
Volatility
IBLC vs. NFXS - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 16.66% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.74%. This indicates that IBLC'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
| IBLC | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.66% | 7.74% | +8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 41.64% | 26.22% | +15.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.87% | 33.81% | +22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.51% | 34.65% | +29.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.51% | 34.65% | +29.86% |
IBLC vs. NFXS - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
IBLC vs. NFXS - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 4.92%, more than NFXS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 4.92% | 6.31% | 1.60% | 1.79% | 0.84% |
NFXS Direxion Daily NFLX Bear 1X Shares | 3.23% | 3.53% | 0.87% | 0.00% | 0.00% |
Frequently Asked Questions
IBLC and NFXS have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (16.66%) compared to NFXS (7.74%). In terms of maximum drawdown, IBLC dropped -62.54% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs 63.95% for IBLC. On fees, IBLC is cheaper at 0.47% 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 63.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 1.03% for NFXS.
IBLC has the higher dividend yield at 4.92%, compared with 3.23% for NFXS.
IBLC is categorized as Cryptocurrency, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.47% for IBLC and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (1.91 vs 1.15), 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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