IGM vs. NFXS
IGM (iShares Expanded Tech Sector ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while NFXS is a Inverse Equities fund actively managed by Direxion. IGM is passively managed, while NFXS is actively managed. Over the past year, IGM returned 44.14% vs 69.91% for NFXS. At a correlation of -0.34, they often move in opposite directions. IGM charges 0.39%/yr vs 1.03%/yr for NFXS.
Performance
IGM vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, IGM achieves a 21.80% return, which is significantly lower than NFXS's 26.00% return.
IGM
- 1D
- -0.69%
- 1M
- 0.05%
- YTD
- 21.80%
- 6M
- 19.91%
- 1Y
- 44.14%
- 3Y*
- 35.36%
- 5Y*
- 19.12%
- 10Y*
- 24.77%
NFXS
- 1D
- 1.44%
- 1M
- 23.02%
- YTD
- 26.00%
- 6M
- 25.81%
- 1Y
- 69.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGM vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 21.80% | 26.76% | 7.88% |
NFXS Direxion Daily NFLX Bear 1X Shares | 26.00% | -8.56% | -21.49% |
Correlation
The correlation between IGM and NFXS is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.34 |
The correlation between IGM and NFXS shifts across timeframes, from -0.34 (all time) to -0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGM vs. NFXS — Risk / Return Rank
IGM
NFXS
IGM vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
| IGM | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.24 | +0.45 |
| Martin ratioReturn relative to average drawdown | 8.97 | 6.13 | +2.84 |
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Drawdowns
IGM vs. NFXS - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for IGM and NFXS.
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Drawdown Indicators
| IGM | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -50.37% | -15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -31.31% | +14.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | — | — |
Current DrawdownCurrent decline from peak | -8.03% | -11.63% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -15.21% | -31.89% | +16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 11.44% | -6.50% |
Volatility
IGM vs. NFXS - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 11.52% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.76%. This indicates that IGM'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
| IGM | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.52% | 7.76% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.62% | 26.25% | -7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 33.78% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 34.63% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.71% | 34.63% | -9.92% |
IGM vs. NFXS - Expense Ratio Comparison
IGM has a 0.39% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
IGM vs. NFXS - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.14%, less than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.81% | 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
IGM and NFXS have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGM has higher volatility (11.52%) compared to NFXS (7.76%). In terms of maximum drawdown, IGM dropped -65.59% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 69.91% vs 44.14% for IGM. On fees, IGM is cheaper at 0.39% per year. On volatility, NFXS has been the lower-risk option at 7.76%. 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 69.91% return vs 44.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGM is cheaper with a 0.39% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 2.81%, compared with 0.14% for IGM.
IGM is categorized as Technology Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.39% for IGM and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (2.08 vs 1.95), 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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