TTXD vs. NFXS

Last updated Jul 21, 2026

TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds from Direxion. Both are actively managed. At a correlation of -0.01, they often move in opposite directions.

Performance

TTXD vs. NFXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) and Direxion Daily NFLX Bear 1X Shares (NFXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTXD achieves a -43.47% return, which is significantly lower than NFXS's 32.69% return.

TTXD

• 1D: -0.87%
• 1M: 10.36%
• 6M: -46.72%
• YTD: -43.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFXS

• 1D: 1.97%
• 1M: 13.37%
• 6M: 24.24%
• YTD: 32.69%
• 1Y: 69.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTXD vs. NFXS - Yearly Performance Comparison

	2026 (YTD)	2025
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	-43.47%	10.81%
NFXS Direxion Daily NFLX Bear 1X Shares	32.69%	26.01%

Correlation

The correlation between TTXD and NFXS is -0.01, 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 Oct 1, 2025	-0.01

Return for Risk

TTXD vs. NFXS — Risk / Return Rank

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

TTXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NFXS

NFXS Risk / Return Rank: 71
NFXS Sharpe Ratio Rank: 83
NFXS Sortino Ratio Rank: 77
NFXS Omega Ratio Rank: 84
NFXS Calmar Ratio Rank: 60
NFXS Martin Ratio Rank: 49

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.

TTXD vs. NFXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) 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.

	TTXD	NFXS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.24	—
Martin ratio: Return relative to average drawdown	—	6.07	—

Drawdowns

TTXD vs. NFXS - Drawdown Comparison

The maximum TTXD drawdown since its inception was -67.61%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for TTXD and NFXS.

Drawdown Indicators

	TTXD	NFXS	Difference
Max Drawdown Largest peak-to-trough decline	-67.61%	-50.37%	-17.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.31%	—
Current Drawdown Current decline from peak	-63.01%	-6.93%	-56.08%
Average Drawdown Average peak-to-trough decline	-22.68%	-31.20%	+8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.50%	—

Volatility

Volatility by Period

	TTXD	NFXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.38%	35.06%	+27.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.38%	35.11%	+27.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.38%	35.11%	+27.27%

Dividends

TTXD vs. NFXS - Dividend Comparison

TTXD's dividend yield for the trailing twelve months is around 3.48%, more than NFXS's 2.67% yield.

Position	TTM	2025	2024
NFXS Direxion Daily NFLX Bear 1X Shares	2.67%	3.53%	0.87%
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	3.48%	0.79%	0.00%

Frequently Asked Questions

Can I hold both TTXD and NFXS in my portfolio?

TTXD and NFXS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TTXD has the higher dividend yield at 3.48%, compared with 2.67% for NFXS.