NFXS vs QQQ
Direxion Daily NFLX Bear 1X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NFXS delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NFXS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.18% | |
| AUM | $4M | $496.3B | |
| Dividend Yield | 2.83% | 0.44% | |
| Holdings | 8 | 108 | |
| YTD Return | +8.76% | +16.64% | |
| 1Y Return | +42.83% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 36.2% | 30.6% | |
| Max Drawdown | -50.4% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2024 | Mar 10, 1999 |
NFXS vs QQQ Performance
Direxion Daily NFLX Bear 1X ETF (NFXS) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NFXS returned +42.83% while QQQ returned +27.27%. Year to date, NFXS is up 8.76% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
NFXS has been the more volatile fund, with annualized monthly volatility of 36.2% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.4% for NFXS and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NFXS charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, NFXS currently yields 2.83% against 0.44% for QQQ.
Holdings Overlap
NFXS and QQQ share 0 holdings out of 106 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NFXS or QQQ?
NFXS has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, NFXS or QQQ?
Over the past year NFXS returned +42.83% vs +27.27% for QQQ, so NFXS leads on 1-year performance. Over the longest common window we track (2 years), NFXS annualized -10.68% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NFXS or QQQ?
NFXS has been the more volatile fund at 36.2% annualized versus 30.6% for QQQ. Worst drawdown: NFXS -50.4% vs QQQ -83.0%.
Should I hold both NFXS and QQQ?
NFXS and QQQ have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NFXS and QQQ?
NFXS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, NFXS or QQQ?
NFXS yields 2.83% while QQQ yields 0.44%, so NFXS currently pays the higher dividend yield.
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