NFXS vs. EDOW

Last updated Aug 4, 2026

NFXS (Direxion Daily NFLX Bear 1X Shares) and EDOW (First Trust Dow 30 Equal Weight ETF) are both exchange-traded funds - NFXS is a Inverse Equities fund actively managed by Direxion, while EDOW is a Large Cap Blend Equities fund tracking the Dow Jones Industrail Average Equal Weight TR. NFXS is actively managed, while EDOW is passively managed. Over the past year, NFXS returned 49.59% vs 22.42% for EDOW. Their -0.29 correlation means they have often moved in opposite directions in the past. NFXS charges 1.03%/yr vs 0.50%/yr for EDOW.

Performance

NFXS vs. EDOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NFLX Bear 1X Shares (NFXS) and First Trust Dow 30 Equal Weight ETF (EDOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFXS achieves a 22.37% return, which is significantly higher than EDOW's 11.69% return.

NFXS

• 1D: -2.09%
• 1M: 5.48%
• 6M: 7.74%
• YTD: 22.37%
• 1Y: 49.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.83%

EDOW

• 1D: 1.08%
• 1M: 1.93%
• 6M: 8.25%
• YTD: 11.69%
• 1Y: 22.42%
• 3Y*: 16.40%
• 5Y*: 10.18%
• 10Y*: —
• ALL TIME*: 11.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDOW First Trust Dow 30 Equal Weight ETF	$787.28K	$661.99K	$682.01K
NFXS Direxion Daily NFLX Bear 1X Shares	$438.99K	$959.25K	$649.73K

NFXS vs. EDOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFXS Direxion Daily NFLX Bear 1X Shares	22.37%	-8.56%	-21.49%
EDOW First Trust Dow 30 Equal Weight ETF	11.69%	15.46%	1.85%

Correlation

The correlation between NFXS and EDOW is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	-0.29

Return for Risk

NFXS vs. EDOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NFXS

NFXS Risk / Return Rank: 49
NFXS Sharpe Ratio Rank: 53
NFXS Sortino Ratio Rank: 53
NFXS Omega Ratio Rank: 60
NFXS Calmar Ratio Rank: 41
NFXS Martin Ratio Rank: 39

EDOW

EDOW Risk / Return Rank: 80
EDOW Sharpe Ratio Rank: 85
EDOW Sortino Ratio Rank: 87
EDOW Omega Ratio Rank: 83
EDOW Calmar Ratio Rank: 71
EDOW Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NFXS vs. EDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NFLX Bear 1X Shares (NFXS) and First Trust Dow 30 Equal Weight ETF (EDOW). 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	EDOW	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.07	-0.65
Sortino ratio: Return per unit of downside risk	2.03	3.03	-1.01
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	1.59	2.58	-0.99
Martin ratio: Return relative to average drawdown	4.30	9.66	-5.35

NFXS vs. EDOW - Sharpe Ratio Comparison

The current NFXS Sharpe Ratio is 1.42, which is lower than the EDOW Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of NFXS and EDOW, 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. EDOW - Drawdown Comparison

The maximum NFXS drawdown since its inception was -50.37%, which is greater than EDOW's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for NFXS and EDOW.

Drawdown Indicators

	NFXS	EDOW	Difference
Max Drawdown Largest peak-to-trough decline	-50.37%	-33.72%	-16.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.31%	-8.73%	-22.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.98%	—
Current Drawdown Current decline from peak	-14.17%	0.00%	-14.17%
Average Drawdown Average peak-to-trough decline	-30.77%	-4.02%	-26.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.55%	2.33%	+9.22%

Volatility

NFXS vs. EDOW - Volatility Comparison

Direxion Daily NFLX Bear 1X Shares (NFXS) has a higher volatility of 9.93% compared to First Trust Dow 30 Equal Weight ETF (EDOW) at 3.61%. This indicates that NFXS's price experiences larger fluctuations and is considered to be riskier than EDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFXS	EDOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	3.61%	+6.32%
Volatility (6M) Calculated over the trailing 6-month period	28.52%	8.57%	+19.95%
Volatility (1Y) Calculated over the trailing 1-year period	35.14%	10.90%	+24.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.93%	14.24%	+20.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.93%	17.65%	+17.28%

NFXS vs. EDOW - Expense Ratio Comparison

NFXS has a 1.03% expense ratio, which is higher than EDOW's 0.50% expense ratio.

Dividends

NFXS vs. EDOW - Dividend Comparison

NFXS's dividend yield for the trailing twelve months is around 2.90%, more than EDOW's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDOW First Trust Dow 30 Equal Weight ETF	1.22%	1.31%	1.65%	1.93%	1.91%	1.52%	1.84%	1.88%	1.82%	0.75%
NFXS Direxion Daily NFLX Bear 1X Shares	2.90%	3.53%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFXS and EDOW in my portfolio?

NFXS and EDOW have a correlation of -0.23, 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 EDOW?

NFXS has higher volatility (9.93%) compared to EDOW (3.61%). In terms of maximum drawdown, NFXS dropped -50.37% vs EDOW's -33.72%.

Which ETF is better, NFXS or EDOW?

On 1-year performance, NFXS leads with 49.59% vs 22.42% for EDOW. On fees, EDOW is cheaper at 0.50% per year. On volatility, EDOW has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFXS or EDOW?

Over the 1-year period, NFXS has performed better with a 49.59% return vs 22.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFXS or EDOW?

EDOW is cheaper with a 0.50% expense ratio, compared with 1.03% for NFXS.

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

NFXS has the higher dividend yield at 2.90%, compared with 1.22% for EDOW.

What is the main difference between NFXS and EDOW?

NFXS is categorized as Inverse Equities, while EDOW is Large Cap Blend Equities. They also come from different issuers: Direxion and First Trust. Their fees differ too: 1.03% for NFXS and 0.50% for EDOW.

Which has better risk-adjusted returns?

EDOW currently has the higher Sharpe Ratio (2.07 vs 1.42), 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.