NFXS vs. BBLU

Last updated Jun 3, 2026

NFXS (Direxion Daily NFLX Bear 1X Shares) and BBLU (Ea Bridgeway Blue Chip ETF) are both exchange-traded funds - NFXS is a Inverse Equities fund actively managed by Direxion, while BBLU is a Large Cap Growth Equities fund actively managed by Alpha Architect. Both are actively managed. Over the past year, NFXS returned 40.25% vs 29.32% for BBLU. At a correlation of -0.36, they often move in opposite directions. NFXS charges 1.03%/yr vs 0.15%/yr for BBLU.

Performance

NFXS vs. BBLU - Performance Comparison

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

Returns By Period

In the year-to-date period, NFXS achieves a 8.89% return, which is significantly lower than BBLU's 10.22% return.

NFXS

• 1D: 2.94%
• 1M: 10.36%
• YTD: 8.89%
• 6M: 26.62%
• 1Y: 40.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBLU

• 1D: -0.83%
• 1M: 5.85%
• YTD: 10.22%
• 6M: 10.38%
• 1Y: 29.32%
• 3Y*: 23.09%
• 5Y*: —
• 10Y*: —

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

NFXS vs. BBLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFXS Direxion Daily NFLX Bear 1X Shares	8.89%	-8.56%	-21.19%
BBLU Ea Bridgeway Blue Chip ETF	10.22%	18.40%	5.18%

Correlation

The correlation between NFXS and BBLU is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024	-0.36

The correlation between NFXS and BBLU shifts across timeframes, from -0.36 (all time) to -0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NFXS vs. BBLU — Risk / Return Rank

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

NFXS

NFXS Risk / Return Rank: 31
NFXS Sharpe Ratio Rank: 33
NFXS Sortino Ratio Rank: 33
NFXS Omega Ratio Rank: 37
NFXS Calmar Ratio Rank: 26
NFXS Martin Ratio Rank: 25

BBLU

BBLU Risk / Return Rank: 79
BBLU Sharpe Ratio Rank: 80
BBLU Sortino Ratio Rank: 82
BBLU Omega Ratio Rank: 77
BBLU Calmar Ratio Rank: 79
BBLU Martin Ratio Rank: 81

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. BBLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bear 1X Shares (NFXS) and Ea Bridgeway Blue Chip ETF (BBLU). 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.

	NFXS	BBLU	Difference
Sharpe ratio Return per unit of total volatility	1.22	2.63	-1.41
Sortino ratio Return per unit of downside risk	1.80	3.72	-1.92
Omega ratio Gain probability vs. loss probability	1.25	1.46	-0.21
Calmar ratio Return relative to maximum drawdown	1.25	4.08	-2.83
Martin ratio Return relative to average drawdown	3.44	16.28	-12.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFXS vs. BBLU - Sharpe Ratio Comparison

The current NFXS Sharpe Ratio is 1.22, which is lower than the BBLU Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of NFXS and BBLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NFXS	BBLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	2.63	-1.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.81	-2.20

Drawdowns

NFXS vs. BBLU - Drawdown Comparison

The maximum NFXS drawdown since its inception was -50.37%, which is greater than BBLU's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for NFXS and BBLU.

Drawdown Indicators

	NFXS	BBLU	Difference
Max Drawdown Largest peak-to-trough decline	-50.37%	-17.20%	-33.17%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-7.22%	-24.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.20%	—
Current Drawdown Current decline from peak	-23.62%	-0.83%	-22.79%
Average Drawdown Average peak-to-trough decline	-32.41%	-1.98%	-30.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.37%	1.81%	+9.56%

Volatility

NFXS vs. BBLU - Volatility Comparison

Direxion Daily NFLX Bear 1X Shares (NFXS) has a higher volatility of 7.06% compared to Ea Bridgeway Blue Chip ETF (BBLU) at 2.82%. This indicates that NFXS's price experiences larger fluctuations and is considered to be riskier than BBLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFXS	BBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	2.82%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	26.35%	7.88%	+18.47%
Volatility (1Y) Calculated over the trailing 1-year period	33.08%	11.20%	+21.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.68%	14.53%	+20.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.68%	14.53%	+20.15%

NFXS vs. BBLU - Expense Ratio Comparison

NFXS has a 1.03% expense ratio, which is higher than BBLU's 0.15% expense ratio.

Dividends

NFXS vs. BBLU - Dividend Comparison

NFXS's dividend yield for the trailing twelve months is around 2.87%, more than BBLU's 1.14% yield.

Position	TTM	2025	2024	2023	2022
BBLU Ea Bridgeway Blue Chip ETF	1.14%	1.25%	1.39%	1.68%	32.08%
NFXS Direxion Daily NFLX Bear 1X Shares	2.87%	3.53%	0.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFXS and BBLU in my portfolio?

NFXS and BBLU have a correlation of -0.25, 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 BBLU?

NFXS has higher volatility (7.06%) compared to BBLU (2.82%). In terms of maximum drawdown, NFXS dropped -50.37% vs BBLU's -17.20%.

Which ETF is better, NFXS or BBLU?

On 1-year performance, NFXS leads with 40.25% vs 29.32% for BBLU. On fees, BBLU is cheaper at 0.15% per year. On volatility, BBLU has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFXS or BBLU?

Over the 1-year period, NFXS has performed better with a 40.25% return vs 29.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFXS or BBLU?

BBLU is cheaper with a 0.15% expense ratio, compared with 1.03% for NFXS.

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

NFXS has the higher dividend yield at 2.87%, compared with 1.14% for BBLU.

What is the main difference between NFXS and BBLU?

NFXS is categorized as Inverse Equities, while BBLU is Large Cap Growth Equities. They also come from different issuers: Direxion and Alpha Architect. Their fees differ too: 1.03% for NFXS and 0.15% for BBLU.

Which has better risk-adjusted returns?

BBLU currently has the higher Sharpe Ratio (2.63 vs 1.22), 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.