IHAK vs. NFXS
IHAK (iShares Cybersecurity & Tech ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - IHAK is a Technology Equities fund tracking the NYSE FactSet Global Cyber Security Index, while NFXS is a Inverse Equities fund actively managed by Direxion. IHAK is passively managed, while NFXS is actively managed. Over the past year, IHAK returned 5.82% vs 69.91% for NFXS. At a correlation of -0.26, they often move in opposite directions. IHAK charges 0.47%/yr vs 1.03%/yr for NFXS.
Performance
IHAK vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, IHAK achieves a 13.77% return, which is significantly lower than NFXS's 26.00% return.
IHAK
- 1D
- 0.35%
- 1M
- -2.29%
- YTD
- 13.77%
- 6M
- 11.66%
- 1Y
- 5.82%
- 3Y*
- 14.51%
- 5Y*
- 4.87%
- 10Y*
- —
NFXS
- 1D
- 1.44%
- 1M
- 23.02%
- YTD
- 26.00%
- 6M
- 25.81%
- 1Y
- 69.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHAK vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 13.77% | -1.29% | 2.10% |
NFXS Direxion Daily NFLX Bear 1X Shares | 26.00% | -8.56% | -21.49% |
Correlation
The correlation between IHAK and NFXS is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.26 |
The correlation between IHAK and NFXS shifts across timeframes, from -0.26 (all time) to -0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IHAK vs. NFXS — Risk / Return Rank
IHAK
NFXS
IHAK vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) 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.
| IHAK | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.24 | -2.00 |
| Martin ratioReturn relative to average drawdown | 0.57 | 6.13 | -5.56 |
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Drawdowns
IHAK vs. NFXS - Drawdown Comparison
The maximum IHAK drawdown since its inception was -34.42%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for IHAK and NFXS.
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Drawdown Indicators
| IHAK | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -50.37% | +15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -23.48% | -31.31% | +7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | — | — |
Current DrawdownCurrent decline from peak | -10.28% | -11.63% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -31.89% | +21.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 11.44% | -1.25% |
Volatility
IHAK vs. NFXS - Volatility Comparison
iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 9.85% compared to Direxion Daily NFLX Bear 1X Shares (NFXS) at 7.76%. This indicates that IHAK'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
| IHAK | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 7.76% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.46% | 26.25% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 33.78% | -9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 34.63% | -10.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 34.63% | -10.23% |
IHAK vs. NFXS - Expense Ratio Comparison
IHAK has a 0.47% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
IHAK vs. NFXS - Dividend Comparison
IHAK's dividend yield for the trailing twelve months is around 0.08%, less than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 0.08% | 0.08% | 0.20% | 0.13% | 0.25% | 0.50% | 0.40% | 0.50% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.81% | 3.53% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHAK 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.
IHAK has higher volatility (9.85%) compared to NFXS (7.76%). In terms of maximum drawdown, IHAK dropped -34.42% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 69.91% vs 5.82% for IHAK. On fees, IHAK is cheaper at 0.47% 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 5.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHAK is cheaper with a 0.47% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 2.81%, compared with 0.08% for IHAK.
IHAK is categorized as Technology Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.47% for IHAK and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (2.08 vs 0.24), 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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