FIVY vs. NFLY

Last updated Aug 4, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and NFLY (YieldMax NFLX Option Income Strategy ETF) are both Derivative Income funds from YieldMax. FIVY is passively managed, while NFLY is actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. FIVY charges 0.88%/yr vs 0.99%/yr for NFLY.

Performance

FIVY vs. NFLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and YieldMax NFLX Option Income Strategy ETF (NFLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIVY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NFLY

• 1D: 0.64%
• 1M: -6.29%
• 6M: -11.13%
• YTD: -18.99%
• 1Y: -32.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NFLY YieldMax NFLX Option Income Strategy ETF	$380.96K	$503.81K	$707.01K

FIVY vs. NFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%
NFLY YieldMax NFLX Option Income Strategy ETF	-18.99%	1.66%	-2.83%

Correlation

The correlation between FIVY and NFLY is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.36

The correlation between FIVY and NFLY shifts across timeframes, from 0.21 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIVY vs. NFLY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NFLY

NFLY Risk / Return Rank: 1
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 1
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIVY vs. NFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and YieldMax NFLX Option Income Strategy ETF (NFLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FIVY	NFLY	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.13	—
Sortino ratio: Return per unit of downside risk	—	-1.62	—
Omega ratio: Gain probability vs. loss probability	—	0.79	—
Calmar ratio: Return relative to maximum drawdown	—	-0.80	—
Martin ratio: Return relative to average drawdown	—	-1.45	—

Drawdowns

Drawdown Indicators

	FIVY	NFLY	Difference
Max Drawdown Largest peak-to-trough decline	—	-43.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-40.74%	—
Current Drawdown Current decline from peak	—	-39.84%	—
Average Drawdown Average peak-to-trough decline	—	-10.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.37%	—

Volatility

Volatility by Period

	FIVY	NFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.36%	—

FIVY vs. NFLY - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is lower than NFLY's 0.99% expense ratio.

Dividends

FIVY vs. NFLY - Dividend Comparison

FIVY has not paid dividends to shareholders, while NFLY's dividend yield for the trailing twelve months is around 63.76%.

Position	TTM	2025	2024	2023
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%	0.00%
NFLY YieldMax NFLX Option Income Strategy ETF	63.76%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both FIVY and NFLY in my portfolio?

FIVY and NFLY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIVY or NFLY?

On fees, FIVY is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIVY or NFLY?

FIVY is cheaper with a 0.88% expense ratio, compared with 0.99% for NFLY.

Which ETF pays a higher dividend yield, FIVY or NFLY?

NFLY has the higher dividend yield at 63.76%, compared with 43.42% for FIVY.

What is the main difference between FIVY and NFLY?

Their fees differ too: 0.88% for FIVY and 0.99% for NFLY.