IYZ vs. NFXS
IYZ (iShares U.S. Telecommunications ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while NFXS is a Inverse Equities fund actively managed by Direxion. IYZ is passively managed, while NFXS is actively managed. Over the past year, IYZ returned 45.68% vs 69.91% for NFXS. At a correlation of -0.23, they often move in opposite directions. IYZ charges 0.42%/yr vs 1.03%/yr for NFXS.
Performance
IYZ vs. NFXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYZ achieves a 23.32% return, which is significantly lower than NFXS's 26.00% return.
IYZ
- 1D
- -1.19%
- 1M
- -6.83%
- YTD
- 23.32%
- 6M
- 22.66%
- 1Y
- 45.68%
- 3Y*
- 28.08%
- 5Y*
- 6.68%
- 10Y*
- 5.21%
NFXS
- 1D
- 1.44%
- 1M
- 23.02%
- YTD
- 26.00%
- 6M
- 25.81%
- 1Y
- 69.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 23.32% | 29.28% | 5.50% |
NFXS Direxion Daily NFLX Bear 1X Shares | 26.00% | -8.56% | -21.49% |
Correlation
The correlation between IYZ and NFXS is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.23 |
The correlation between IYZ and NFXS shifts across timeframes, from -0.23 (all time) to -0.10 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYZ vs. NFXS — Risk / Return Rank
IYZ
NFXS
IYZ vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) 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.
| IYZ | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 2.24 | +2.66 |
| Martin ratioReturn relative to average drawdown | 17.91 | 6.13 | +11.78 |
Loading charts...
Drawdowns
IYZ vs. NFXS - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for IYZ and NFXS.
Loading charts...
Drawdown Indicators
| IYZ | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -50.37% | -26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -31.31% | +21.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -9.37% | -11.63% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -40.06% | -31.89% | -8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 11.44% | -8.88% |
Volatility
IYZ vs. NFXS - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) and Direxion Daily NFLX Bear 1X Shares (NFXS) have volatilities of 7.59% and 7.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IYZ | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 7.76% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 26.25% | -10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 33.78% | -15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 34.63% | -15.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 34.63% | -15.35% |
IYZ vs. NFXS - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
IYZ vs. NFXS - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.69%, less than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.69% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
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
IYZ and NFXS have a correlation of -0.10, 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 IYZ (7.59%). In terms of maximum drawdown, IYZ dropped -77.11% vs NFXS's -50.37%.
On 1-year performance, NFXS leads with 69.91% vs 45.68% for IYZ. On fees, IYZ is cheaper at 0.42% per year. On volatility, IYZ has been the lower-risk option at 7.59%. 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 45.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 1.03% for NFXS.
NFXS has the higher dividend yield at 2.81%, compared with 1.69% for IYZ.
IYZ is categorized as Communications Equities, while NFXS is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.42% for IYZ and 1.03% for NFXS.
IYZ currently has the higher Sharpe Ratio (2.45 vs 2.08), 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.
Find the right allocation for IYZ and NFXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer