- ISIN
- US88634T7827
- Issuer
- YieldMax
- Inception Date
- Aug 7, 2023
- Category
- Derivative Income, Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $46M
Share Price Chart
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Performance
NFLY Performance Chart
YieldMax NFLX Option Income Strategy ETF (NFLY) is down 16.7% since the beginning of the year. NFLY is currently trading at $8 per share.
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Returns By Period
YieldMax NFLX Option Income Strategy ETF (NFLY) has returned -16.72% so far this year and -34.40% over the past 12 months.
YieldMax NFLX Option Income Strategy ETF
- 1D
- -5.28%
- 1M
- -14.54%
- YTD
- -16.72%
- 6M
- -16.07%
- 1Y
- -34.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NFLY Monthly Returns History
Based on dividend-adjusted daily data since Aug 8, 2023, NFLY's average daily return is +0.07%, while the average monthly return is +1.39%. At this rate, an investment would double in approximately 4.2 years.
Historically, 54% of months were positive and 46% were negative. The best month was Apr 2025 with a return of +16.4%, while the worst month was Sep 2023 at -14.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NFLY closed higher 53% of trading days. The best single day was Oct 19, 2023 with a return of +15.3%, while the worst single day was Oct 22, 2025 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.39% | 11.72% | -0.25% | -2.11% | -5.66% | -12.62% | -16.72% | ||||||
| 2025 | 8.00% | -0.34% | -4.40% | 16.39% | 5.97% | 7.86% | -11.27% | 3.95% | -0.96% | -5.38% | -3.50% | -10.96% | 1.66% |
| 2024 | 10.39% | 5.38% | 1.79% | -5.79% | 10.52% | 3.92% | -3.48% | 7.45% | 3.08% | 8.72% | 11.36% | 0.32% | 66.37% |
| 2023 | -0.10% | -14.90% | 11.12% | 8.01% | 1.73% | 3.80% |
Benchmark Metrics
YieldMax NFLX Option Income Strategy ETF has an annualized alpha of 5.02%, beta of 0.66, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since August 08, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (49.76%) than losses (24.86%) - typical of diversified or defensive assets.
- Beta of 0.66 may look defensive, but with R2 of 0.12 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.12 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.02%
- Beta
- 0.66
- R²
- 0.12
- Upside Capture
- 49.76%
- Downside Capture
- 24.86%
Expense Ratio
NFLY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NFLY ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFLY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.37 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.78 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.58 | 12.44 | -14.02 |
Dividends
Dividend History
YieldMax NFLX Option Income Strategy ETF provided a 66.99% dividend yield over the last twelve months, with an annual payout of $5.41 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $5.41 | $7.39 | $9.09 | $2.17 |
Dividend yield | 66.99% | 61.53% | 49.91% | 11.84% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax NFLX Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.35 | $0.25 | $0.74 | $0.50 | $0.27 | $0.17 | $2.28 | ||||||
| 2025 | $0.58 | $1.07 | $0.40 | $0.60 | $1.61 | $0.43 | $0.44 | $0.47 | $0.40 | $0.61 | $0.40 | $0.38 | $7.39 |
| 2024 | $0.80 | $1.26 | $0.73 | $0.81 | $0.97 | $0.63 | $0.38 | $0.57 | $0.51 | $0.79 | $0.78 | $0.87 | $9.09 |
| 2023 | $0.42 | $0.51 | $0.44 | $0.80 | $2.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax NFLX Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax NFLX Option Income Strategy ETF was 38.15%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current YieldMax NFLX Option Income Strategy ETF drawdown is 38.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -38.15%Jun 2026 | 11mo 26d | — | 11mo 27dJul 2025 - now |
2023 bear market2023 | -21.44%Oct 2023 | 1mo 11d | 1mo 3d | 2mo 14dSep 2023 - Nov 2023 |
2025 selloff2025 | -16.09%Apr 2025 | 1mo 15d | 18d | 2mo 3dFeb 2025 - Apr 2025 |
2025 pullback2025 | -9.96%Jan 2025 | 1mo 3d | 9d | 1mo 12dDec 2024 - Jan 2025 |
2024 pullback2024 | -9.78%Aug 2024 | 28d | 15d | 1mo 13dJul 2024 - Aug 2024 |
Drawdown Indicators
| NFLY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -56.78% | +18.63% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -9.10% | -29.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -38.15% | -1.80% | -36.35% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -10.71% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 2.03% | +19.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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