# NFXS (Direxion Daily NFLX Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: NFXS returned +1.8% where its own daily promise gave +0.2%, 1.5 points over.

## Key facts

- NFXS, what NFLX did: −3.7%, as of Sep 11, 2026.
- NFXS, what −1 times a day gives: +0.2%, as of Sep 11, 2026.
- NFXS, what the fund returned: +1.8%, as of Sep 11, 2026.
- NFXS, the fund itself added: +1.5 pts, as of Sep 11, 2026.
- NFXS, net assets: $5m (source, as filed for Apr 30, 2026).
- NFXS, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## NFXS over each window to Sep 11, 2026

| Window | Fund | NFLX | -1x the move | Difference | NFLX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.7% | +4.3% | −4.3% | −0.4 pts | 37% |
| 3 months | +1.8% | −3.7% | +3.7% | −1.9 pts | 38% |
| 6 months | +19.6% | −18.8% | +18.8% | +0.8 pts | 34% |
| 1 year | +45.9% | −35.7% | +35.7% | +10.2 pts | 36% |
| Since launch | −17.0% | +9.5% | −9.5% | −7.5 pts | 35% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of NFLX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | NFLX moved −3.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | NFLX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | source, as filed for Apr 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Oct 3, 2024 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did NFXS return -1 times NFLX?

Over the window to Sep 11, 2026, NFLX moved −3.7% and NFXS returned +1.8%. 1 times that move is +3.7%, so the fund came out 1.9 points short of it.

### Why does NFXS not return -1 times over a year?

Because it resets daily. NFXS aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, NFXS, data as of Sep 11, 2026. https://etfiq.com/funds/NFXS
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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