ILCB vs. NFXS
ILCB (iShares Morningstar U.S. Equity ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while NFXS is a Inverse Equities fund actively managed by Direxion. ILCB is passively managed, while NFXS is actively managed. Over the past year, ILCB returned 23.81% vs 64.26% for NFXS. At a correlation of -0.35, they often move in opposite directions. ILCB charges 0.03%/yr vs 1.03%/yr for NFXS.
Performance
ILCB vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, ILCB achieves a 8.52% return, which is significantly lower than NFXS's 24.21% return.
ILCB
- 1D
- -1.36%
- 1M
- -1.01%
- YTD
- 8.52%
- 6M
- 7.55%
- 1Y
- 23.81%
- 3Y*
- 21.04%
- 5Y*
- 12.58%
- 10Y*
- 14.97%
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCB vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 8.52% | 17.70% | 3.60% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between ILCB and NFXS is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.35 |
The correlation between ILCB and NFXS shifts across timeframes, from -0.35 (all time) to -0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ILCB vs. NFXS — Risk / Return Rank
ILCB
NFXS
ILCB vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) 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.
| ILCB | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.06 | +0.57 |
| Martin ratioReturn relative to average drawdown | 11.66 | 5.64 | +6.02 |
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Drawdowns
ILCB vs. NFXS - Drawdown Comparison
The maximum ILCB drawdown since its inception was -51.53%, roughly equal to the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for ILCB and NFXS.
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Drawdown Indicators
| ILCB | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.53% | -50.37% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -31.31% | +22.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -3.00% | -12.88% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -31.93% | +25.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 11.45% | -9.40% |
Volatility
ILCB vs. NFXS - Volatility Comparison
The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 4.82%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.74%. This indicates that ILCB 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.
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Volatility by Period
| ILCB | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 7.74% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 26.22% | -16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 33.81% | -21.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 34.65% | -17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 34.65% | -16.45% |
ILCB vs. NFXS - Expense Ratio Comparison
ILCB has a 0.03% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
ILCB vs. NFXS - Dividend Comparison
ILCB's dividend yield for the trailing twelve months is around 1.00%, less than NFXS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 1.00% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
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
ILCB and NFXS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFXS has higher volatility (7.74%) compared to ILCB (4.82%). In terms of maximum drawdown, ILCB dropped -51.53% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs 23.81% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 4.82%. 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 23.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCB is cheaper with a 0.03% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 3.23%, compared with 1.00% for ILCB.
ILCB is categorized as Large Cap Growth Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.03% for ILCB and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (1.91 vs 1.89), 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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