IOO vs. NFXS
IOO (iShares Global 100 ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - IOO is a Global Equities fund tracking the S&P Global 100 Index (Net), while NFXS is a Inverse Equities fund actively managed by Direxion. IOO is passively managed, while NFXS is actively managed. Over the past year, IOO returned 31.18% vs 64.26% for NFXS. At a correlation of -0.34, they often move in opposite directions. IOO charges 0.40%/yr vs 1.03%/yr for NFXS.
Performance
IOO vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, IOO achieves a 7.38% return, which is significantly lower than NFXS's 24.21% return.
IOO
- 1D
- -1.40%
- 1M
- -3.92%
- YTD
- 7.38%
- 6M
- 6.92%
- 1Y
- 31.18%
- 3Y*
- 23.11%
- 5Y*
- 15.43%
- 10Y*
- 16.63%
NFXS
- 1D
- 0.09%
- 1M
- 21.28%
- YTD
- 24.21%
- 6M
- 24.00%
- 1Y
- 64.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOO vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IOO iShares Global 100 ETF | 7.38% | 27.02% | 3.11% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.21% | -8.56% | -21.49% |
Correlation
The correlation between IOO 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 | -0.34 |
The correlation between IOO and NFXS shifts across timeframes, from -0.34 (all time) to -0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IOO vs. NFXS — Risk / Return Rank
IOO
NFXS
IOO vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) 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.
| IOO | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.06 | +1.09 |
| Martin ratioReturn relative to average drawdown | 13.53 | 5.64 | +7.89 |
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Drawdowns
IOO vs. NFXS - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for IOO and NFXS.
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Drawdown Indicators
| IOO | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -50.37% | -5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -31.31% | +21.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.43% | — | — |
Current DrawdownCurrent decline from peak | -5.61% | -12.88% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -31.93% | +20.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 11.45% | -9.14% |
Volatility
IOO vs. NFXS - Volatility Comparison
The current volatility for iShares Global 100 ETF (IOO) is 5.30%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.74%. This indicates that IOO 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
| IOO | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 7.74% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 26.22% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 33.81% | -19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 34.65% | -17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 34.65% | -16.92% |
IOO vs. NFXS - Expense Ratio Comparison
IOO has a 0.40% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
IOO vs. NFXS - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 0.86%, less than NFXS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 0.86% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
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
IOO 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 IOO (5.30%). In terms of maximum drawdown, IOO dropped -55.85% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 64.26% vs 31.18% for IOO. On fees, IOO is cheaper at 0.40% per year. On volatility, IOO has been the lower-risk option at 5.30%. 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 31.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IOO is cheaper with a 0.40% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 3.23%, compared with 0.86% for IOO.
IOO is categorized as Global Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.40% for IOO and 1.03% for NFXS.
IOO currently has the higher Sharpe Ratio (2.20 vs 1.91), 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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