QBTZ vs. NFXS
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds. Both are actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. QBTZ charges 1.29%/yr vs 1.03%/yr for NFXS.
Performance
QBTZ vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, QBTZ achieves a -84.61% return, which is significantly lower than NFXS's 24.98% return.
QBTZ
- 1D
- -1.12%
- 1M
- 5.00%
- 6M
- -87.87%
- YTD
- -84.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NFXS
- 1D
- 2.11%
- 1M
- 7.73%
- 6M
- 11.04%
- YTD
- 24.98%
- 1Y
- 52.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $587.15K | $968.11K | $646.26K | |
| $14.48M | $12.89M | $20.27M |
QBTZ vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -84.61% | -47.53% |
NFXS Direxion Daily NFLX Bear 1X Shares | 24.98% | 22.17% |
Correlation
The correlation between QBTZ and NFXS is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.05 |
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Return for Risk
QBTZ vs. NFXS — Risk / Return Rank
QBTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFXS
QBTZ vs. NFXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) 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.
| QBTZ | NFXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.70 | — |
| Martin ratioReturn relative to average drawdown | — | 4.60 | — |
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Drawdowns
QBTZ vs. NFXS - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for QBTZ and NFXS.
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Drawdown Indicators
| QBTZ | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -50.37% | -45.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -94.65% | -12.34% | -82.31% |
Average DrawdownAverage peak-to-trough decline | -62.87% | -30.81% | -32.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.54% | — |
Volatility
QBTZ vs. NFXS - Volatility Comparison
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Volatility by Period
| QBTZ | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 230.14% | 35.05% | +195.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 230.14% | 34.93% | +195.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 230.14% | 34.93% | +195.21% |
QBTZ vs. NFXS - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is higher than NFXS's 1.03% expense ratio.
Dividends
QBTZ vs. NFXS - Dividend Comparison
QBTZ has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXS Direxion Daily NFLX Bear 1X Shares | 2.83% | 3.53% | 0.87% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBTZ and NFXS have a correlation of 0.05, 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 1.29% for QBTZ.
NFXS has the higher dividend yield at 2.83%, compared with 0.00% for QBTZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for QBTZ and 1.03% for NFXS.
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