ISHP vs. NFXS
ISHP (First Trust S-Network Global E-Commerce ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - ISHP is a Consumer Discretionary Equities fund tracking the S-Network Global E-Commerce Index, while NFXS is a Inverse Equities fund actively managed by Direxion. ISHP is passively managed, while NFXS is actively managed. Over the past year, ISHP returned -15.09% vs 69.91% for NFXS. At a correlation of -0.28, they often move in opposite directions. ISHP charges 0.60%/yr vs 1.03%/yr for NFXS.
Performance
ISHP vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, ISHP achieves a -15.71% return, which is significantly lower than NFXS's 26.00% return.
ISHP
- 1D
- 0.90%
- 1M
- -2.39%
- YTD
- -15.71%
- 6M
- -15.87%
- 1Y
- -15.09%
- 3Y*
- 9.02%
- 5Y*
- 0.64%
- 10Y*
- —
NFXS
- 1D
- 1.44%
- 1M
- 23.02%
- YTD
- 26.00%
- 6M
- 25.81%
- 1Y
- 69.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISHP vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | -15.71% | 12.27% | 1.71% |
NFXS Direxion Daily NFLX Bear 1X Shares | 26.00% | -8.56% | -21.49% |
Correlation
The correlation between ISHP and NFXS is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.28 |
The correlation between ISHP and NFXS shifts across timeframes, from -0.28 (all time) to -0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISHP vs. NFXS — Risk / Return Rank
ISHP
NFXS
ISHP vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Global E-Commerce ETF (ISHP) 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.
| ISHP | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.39 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.24 | -2.86 |
| Martin ratioReturn relative to average drawdown | -1.21 | 6.13 | -7.34 |
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Drawdowns
ISHP vs. NFXS - Drawdown Comparison
The maximum ISHP drawdown since its inception was -47.57%, smaller than the maximum NFXS drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for ISHP and NFXS.
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Drawdown Indicators
| ISHP | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.57% | -50.37% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -24.75% | -31.31% | +6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.57% | — | — |
Current DrawdownCurrent decline from peak | -22.57% | -11.63% | -10.94% |
Average DrawdownAverage peak-to-trough decline | -12.70% | -31.89% | +19.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 11.44% | +1.04% |
Volatility
ISHP vs. NFXS - Volatility Comparison
The current volatility for First Trust S-Network Global E-Commerce ETF (ISHP) is 5.81%, while Direxion Daily NFLX Bear 1X Shares (NFXS) has a volatility of 7.76%. This indicates that ISHP 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
| ISHP | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 7.76% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 26.25% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 33.78% | -16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.26% | 34.63% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 34.63% | -10.55% |
ISHP vs. NFXS - Expense Ratio Comparison
ISHP has a 0.60% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
ISHP vs. NFXS - Dividend Comparison
ISHP's dividend yield for the trailing twelve months is around 1.59%, less than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | 1.59% | 1.34% | 1.02% | 1.58% | 0.76% | 0.53% | 0.82% | 1.16% | 0.89% | 1.65% | 0.23% |
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% |
Frequently Asked Questions
ISHP and NFXS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFXS has higher volatility (7.76%) compared to ISHP (5.81%). In terms of maximum drawdown, ISHP dropped -47.57% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 69.91% vs -15.09% for ISHP. On fees, ISHP is cheaper at 0.60% per year. On volatility, ISHP has been the lower-risk option at 5.81%. 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 -15.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHP is cheaper with a 0.60% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 2.81%, compared with 1.59% for ISHP.
ISHP is categorized as Consumer Discretionary Equities, while NFXS is Inverse Equities. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.60% for ISHP and 1.03% for NFXS.
NFXS currently has the higher Sharpe Ratio (2.08 vs -0.87), 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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