NFXS vs SPY
Direxion Daily NFLX Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NFXS or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. NFXS led over 1Y, SPY over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NFXS | SPY |
|---|---|---|
| Expense Ratio | 1.03% | 0.09%Best |
| AUM | $3M | $804.7B |
| Dividend Yield | 3.21% | 0.98% |
| Holdings | 8 | 505 |
| YTD Return | +11.62% | +12.47%Best |
| 1Y Return | +45.96%Best | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 35.8% | 12.8%Best |
| Max Drawdown | -50.4% | -18.8%Best |
| $10,000 over 1.9 years | $8,330 | $13,651Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Oct 3, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 11, 2026 (1.9 years).
NFXS vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
NFXS vs SPY Performance
Direxion Daily NFLX Bear 1X ETF (NFXS) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NFXS returned +45.96% while SPY returned +17.51%. Year to date, NFXS is up 11.62% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFXS has been the more volatile fund, with annualized monthly volatility of 35.8% compared with 12.8% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.14. They move largely independently of each other.
Fees and Cost Over Time
NFXS charges 1.03% per year while SPY charges 0.09%. On a $10,000 position that is $103 vs $9 annually, a gap of $94 per year that compounds over a long holding period. On income, NFXS currently yields 3.21% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in NFXS and 504 in SPY, totalling 93.6% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in NFXS and 504 in SPY, against full books of 8 and 505.
You are not choosing between two funds in isolation.
Whichever of NFXS and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NFXS or SPY?
NFXS has an expense ratio of 1.03% while SPY charges 0.09%. SPY is the cheaper option, by $94 a year on a $10,000 investment.
Which performed better, NFXS or SPY?
Over the past year NFXS returned +45.96% vs +17.51% for SPY, so NFXS leads on 1-year performance. Over the longest common window we track (2 years), NFXS annualized -9.17% vs +17.80% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NFXS or SPY?
NFXS has been the more volatile fund at 35.8% annualized versus 12.8% for SPY. Worst drawdown: NFXS -50.4% vs SPY -18.8%.
Should I hold both NFXS and SPY?
NFXS and SPY have a monthly-return correlation of -0.14, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NFXS or SPY?
NFXS yields 3.21% while SPY yields 0.98%, so NFXS currently pays the higher dividend yield.
Is SPY better than NFXS?
SPY has a lower expense ratio. NFXS led over 1Y, SPY over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.