NBIZ vs. NFXS
NBIZ (Tradr 2X Short NBIS Daily ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds. NBIZ is passively managed, while NFXS is actively managed. At a 0.00 correlation, their price movements are largely independent. NBIZ charges 1.49%/yr vs 1.03%/yr for NFXS.
Performance
NBIZ vs. NFXS - Performance Comparison
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Returns By Period
NBIZ
- 1D
- 24.45%
- 1M
- -49.56%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- -0.76%
- 1M
- 7.36%
- YTD
- 10.42%
- 6M
- 17.80%
- 1Y
- 46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIZ vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBIZ Tradr 2X Short NBIS Daily ETF | -95.64% |
NFXS Direxion Daily NFLX Bear 1X Shares | -1.81% |
Correlation
The correlation between NBIZ and NFXS is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026 | 0.00 |
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Return for Risk
NBIZ vs. NFXS — Risk / Return Rank
NBIZ
NFXS
NBIZ vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short NBIS Daily ETF (NBIZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NBIZ | NFXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | -0.37 | -0.09 |
Drawdowns
NBIZ vs. NFXS - Drawdown Comparison
The maximum NBIZ drawdown since its inception was -97.84%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for NBIZ and NFXS.
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Drawdown Indicators
| NBIZ | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.84% | -50.37% | -47.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -97.16% | -22.55% | -74.61% |
Average DrawdownAverage peak-to-trough decline | -69.74% | -32.34% | -37.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.42% | — |
Volatility
NBIZ vs. NFXS - Volatility Comparison
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Volatility by Period
| NBIZ | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.90% | 33.08% | +185.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.90% | 34.61% | +184.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.90% | 34.61% | +184.29% |
NBIZ vs. NFXS - Expense Ratio Comparison
NBIZ has a 1.49% expense ratio, which is higher than NFXS's 1.03% expense ratio.
Dividends
NBIZ vs. NFXS - Dividend Comparison
NBIZ has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBIZ Tradr 2X Short NBIS Daily ETF | 0.00% | 0.00% | 0.00% |
NFXS Direxion Daily NFLX Bear 1X Shares | 2.83% | 3.53% | 0.87% |
Frequently Asked Questions
NBIZ and NFXS have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NFXS is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NFXS is cheaper with a 1.03% expense ratio, compared with 1.49% for NBIZ.
NFXS has the higher dividend yield at 2.83%, compared with 0.00% for NBIZ.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for NBIZ and 1.03% for NFXS.
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