Direxion Daily NFLX Bear 1X Shares (NFXS) Performance
NFXS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +34.4% since Dec 31, 2025
- 1 year
- +59.0% total return
- Since first price
- −3.1% since 2024
NFXS trailing returns vs SPY, QQQ, AGG
| Period | NFXS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.0% | +8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.4% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +37.7% | +35.9% | +7.8% | +8.4% | −1.5% |
| YTD | +34.4% | +32.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +59.0% | +54.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 3, 2024 | −3.1% | −9.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NFXS vs SPY
From Oct 3, 2024: NFXS grew to $9,688, SPY to $13,693.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NFXS returns by calendar year
0 of 1 full years positive. Best 2025 (−8.6%), worst 2025 (−8.6%). 2026 is year to date.
NFXS annual returns table
| Year | NFXS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +34.4% | −31.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −8.6% | −39.9% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NFXS largest drawdowns
Now 5.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 17, 2024 | −50.4% | Jun 30, 2025 | not yet | 8 months | 2.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NFXS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −0.3% |
| Volatility (annualized) | 37.4% |
| Sharpe ratio | 0.07 |
| Sortino ratio | 0.10 |
| Best month | +19.8% |
| Worst month | −18.7% |
| Best 12 months | +78.8% |
| Worst 12 months | −34.4% |
| Positive months | 52% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NFXS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | −34.4% | +16.2% | +78.8% | 62% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
NFXS performance overview
Direxion Daily NFLX Bear 1X Shares (NFXS) returned +59.0% over the past year, with distributions reinvested. Since its first recorded price on Oct 3, 2024 it has returned −3.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.4%, from Oct 17, 2024 to Jun 30, 2025; the fund has not yet regained that high. Volatility has been 37.4% a year.
Related: NFXS chart, NFXS dividends. See the NFXS overview for the latest quote and fund facts.
NFXS performance FAQ
What is the NFXS return over the past year?
NFXS returned +59.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 54.7%.
How much would $10,000 invested in NFXS be worth?
$10,000 invested in NFXS at its first recorded close on October 3, 2024 would be worth about $9,688 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NFXS?
The largest peak-to-trough decline was −50.4% between October 17, 2024 and June 30, 2025. It has not yet recovered to that high; it is 5.7% below its peak.
How volatile is NFXS?
Over the past history NFXS had an annualized volatility of 37.4% and a Sharpe ratio of 0.07 (excess return over 1–3 month T-bills per unit of risk).