Answer
$\displaystyle \frac{-2}{x^{3}}$
Work Step by Step
Simplify the function...
$y=\displaystyle \frac{1-\frac{1}{x^{2}}}{x^{2}-1}=\frac{\frac{x^{2}-1}{x^{2}}}{x^{2}-1}=\frac{(x^{2}-1)}{x^{2}(x^{2}-1)}=x^{-2}$
$\displaystyle \frac{dy}{dx}=-2x^{-3}=\frac{-2}{x^{3}}$