NFXS vs. AMDD

Last updated Jun 21, 2026

NFXS (Direxion Daily NFLX Bear 1X Shares) and AMDD (Direxion Daily AMD Bear 1X Shares) are both Inverse Equities funds from Direxion. Both are actively managed. Over the past year, NFXS returned 52.17% vs -84.03% for AMDD. At a 0.16 correlation, their price movements are largely independent. NFXS charges 1.03%/yr vs 0.97%/yr for AMDD.

Performance

NFXS vs. AMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NFLX Bear 1X Shares (NFXS) and Direxion Daily AMD Bear 1X Shares (AMDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFXS achieves a 17.04% return, which is significantly higher than AMDD's -68.69% return.

NFXS

• 1D: -0.74%
• 1M: 14.27%
• YTD: 17.04%
• 6M: 17.86%
• 1Y: 52.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDD

• 1D: -4.90%
• 1M: -17.09%
• YTD: -68.69%
• 6M: -68.73%
• 1Y: -84.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NFXS vs. AMDD - Yearly Performance Comparison

	2026 (YTD)	2025
NFXS Direxion Daily NFLX Bear 1X Shares	17.04%	4.11%
AMDD Direxion Daily AMD Bear 1X Shares	-68.69%	-61.12%

Correlation

The correlation between NFXS and AMDD is 0.07, 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 (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.16

Return for Risk

NFXS vs. AMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFXS

NFXS Risk / Return Rank: 41
NFXS Sharpe Ratio Rank: 46
NFXS Sortino Ratio Rank: 44
NFXS Omega Ratio Rank: 49
NFXS Calmar Ratio Rank: 34
NFXS Martin Ratio Rank: 32

AMDD

AMDD Risk / Return Rank: 0
AMDD Sharpe Ratio Rank: 0
AMDD Sortino Ratio Rank: 0
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 0
AMDD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFXS vs. AMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bear 1X Shares (NFXS) and Direxion Daily AMD Bear 1X Shares (AMDD). 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.

	NFXS	AMDD	Difference
Sharpe ratio: Return per unit of total volatility	1.53	-1.26	+2.79
Sortino ratio: Return per unit of downside risk	2.14	-2.87	+5.01
Omega ratio: Gain probability vs. loss probability	1.30	0.64	+0.66
Calmar ratio: Return relative to maximum drawdown	1.63	-1.00	+2.63
Martin ratio: Return relative to average drawdown	4.44	-1.65	+6.09

NFXS vs. AMDD - Sharpe Ratio Comparison

The current NFXS Sharpe Ratio is 1.53, which is higher than the AMDD Sharpe Ratio of -1.26. The chart below compares the historical Sharpe Ratios of NFXS and AMDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFXS vs. AMDD - Drawdown Comparison

The maximum NFXS drawdown since its inception was -50.37%, smaller than the maximum AMDD drawdown of -91.20%. Use the drawdown chart below to compare losses from any high point for NFXS and AMDD.

Drawdown Indicators

	NFXS	AMDD	Difference
Max Drawdown Largest peak-to-trough decline	-50.37%	-91.20%	+40.83%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-84.17%	+52.86%
Current Drawdown Current decline from peak	-17.91%	-91.12%	+73.21%
Average Drawdown Average peak-to-trough decline	-32.02%	-57.22%	+25.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	51.49%	-39.99%

Volatility

NFXS vs. AMDD - Volatility Comparison

The current volatility for Direxion Daily NFLX Bear 1X Shares (NFXS) is 6.16%, while Direxion Daily AMD Bear 1X Shares (AMDD) has a volatility of 24.37%. This indicates that NFXS experiences smaller price fluctuations and is considered to be less risky than AMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFXS	AMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	24.37%	-18.21%
Volatility (6M) Calculated over the trailing 6-month period	25.60%	52.45%	-26.85%
Volatility (1Y) Calculated over the trailing 1-year period	33.32%	67.18%	-33.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.42%	66.83%	-32.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	66.83%	-32.41%

NFXS vs. AMDD - Expense Ratio Comparison

NFXS has a 1.03% expense ratio, which is higher than AMDD's 0.97% expense ratio.

Dividends

NFXS vs. AMDD - Dividend Comparison

NFXS's dividend yield for the trailing twelve months is around 2.67%, less than AMDD's 18.74% yield.

Position	TTM	2025	2024
AMDD Direxion Daily AMD Bear 1X Shares	18.74%	5.51%	0.00%
NFXS Direxion Daily NFLX Bear 1X Shares	2.67%	3.53%	0.87%

Frequently Asked Questions

Can I hold both NFXS and AMDD in my portfolio?

NFXS and AMDD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFXS or AMDD?

AMDD has higher volatility (24.37%) compared to NFXS (6.16%). In terms of maximum drawdown, NFXS dropped -50.37% vs AMDD's -91.20%.

Which ETF is better, NFXS or AMDD?

On 1-year performance, NFXS leads with 52.17% vs -84.03% for AMDD. On fees, AMDD is cheaper at 0.97% per year. On volatility, NFXS has been the lower-risk option at 6.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFXS or AMDD?

Over the 1-year period, NFXS has performed better with a 52.17% return vs -84.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFXS or AMDD?

AMDD is cheaper with a 0.97% expense ratio, compared with 1.03% for NFXS.

Which ETF pays a higher dividend yield, NFXS or AMDD?

AMDD has the higher dividend yield at 18.74%, compared with 2.67% for NFXS.

What is the main difference between NFXS and AMDD?

Their fees differ too: 1.03% for NFXS and 0.97% for AMDD.

Which has better risk-adjusted returns?

NFXS currently has the higher Sharpe Ratio (1.53 vs -1.26), 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.