FTHI vs. NFLY

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust BuyWrite Income ETF (FTHI) and YieldMax NFLX Option Income Strategy ETF (NFLY).

FTHI and NFLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014. NFLY is an actively managed fund by YieldMax. It was launched on Aug 7, 2023.

Performance

FTHI vs. NFLY - Performance Comparison

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

FTHI vs. NFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTHI First Trust BuyWrite Income ETF	-0.61%	11.03%	19.02%	4.99%
NFLY YieldMax NFLX Option Income Strategy ETF	3.21%	1.66%	66.37%	3.45%

Returns By Period

In the year-to-date period, FTHI achieves a -0.61% return, which is significantly lower than NFLY's 3.21% return.

FTHI

• 1D: 2.23%
• 1M: -2.30%
• YTD: -0.61%
• 6M: 1.27%
• 1Y: 14.85%
• 3Y*: 14.15%
• 5Y*: 10.18%
• 10Y*: 7.99%

NFLY

• 1D: 1.57%
• 1M: -0.25%
• YTD: 3.21%
• 6M: -16.09%
• 1Y: 1.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTHI vs. NFLY - Expense Ratio Comparison

FTHI has a 0.85% expense ratio, which is lower than NFLY's 0.99% expense ratio.

NFLY

YieldMax NFLX Option Income Strategy ETF

FTHI

First Trust BuyWrite Income ETF

Return for Risk

FTHI vs. NFLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTHI

FTHI Risk / Return Rank: 65
FTHI Sharpe Ratio Rank: 58
FTHI Sortino Ratio Rank: 62
FTHI Omega Ratio Rank: 70
FTHI Calmar Ratio Rank: 59
FTHI Martin Ratio Rank: 77

NFLY

NFLY Risk / Return Rank: 14
NFLY Sharpe Ratio Rank: 14
NFLY Sortino Ratio Rank: 15
NFLY Omega Ratio Rank: 15
NFLY Calmar Ratio Rank: 13
NFLY Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTHI vs. NFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) 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.

	FTHI	NFLY	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.07	+0.93
Sortino ratio Return per unit of downside risk	1.51	0.31	+1.20
Omega ratio Gain probability vs. loss probability	1.25	1.04	+0.21
Calmar ratio Return relative to maximum drawdown	1.40	0.05	+1.35
Martin ratio Return relative to average drawdown	7.84	0.10	+7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHI vs. NFLY - Sharpe Ratio Comparison

The current FTHI Sharpe Ratio is 1.00, which is higher than the NFLY Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of FTHI and NFLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTHI	NFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.07	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.89	-0.38

Correlation

The correlation between FTHI and NFLY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FTHI vs. NFLY - Dividend Comparison

FTHI's dividend yield for the trailing twelve months is around 8.99%, less than NFLY's 60.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHI First Trust BuyWrite Income ETF	8.99%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%
NFLY YieldMax NFLX Option Income Strategy ETF	60.91%	61.53%	49.91%	11.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FTHI vs. NFLY - Drawdown Comparison

The maximum FTHI drawdown since its inception was -32.65%, smaller than the maximum NFLY drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for FTHI and NFLY.

Drawdown Indicators

	FTHI	NFLY	Difference
Max Drawdown Largest peak-to-trough decline	-32.65%	-37.18%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-37.18%	+26.26%
Max Drawdown (5Y) Largest decline over 5 years	-16.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.65%	—	—
Current Drawdown Current decline from peak	-3.36%	-23.36%	+20.00%
Average Drawdown Average peak-to-trough decline	-3.73%	-7.37%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	17.46%	-15.51%

Volatility

FTHI vs. NFLY - Volatility Comparison

The current volatility for First Trust BuyWrite Income ETF (FTHI) is 4.36%, while YieldMax NFLX Option Income Strategy ETF (NFLY) has a volatility of 4.66%. This indicates that FTHI experiences smaller price fluctuations and is considered to be less risky than NFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHI	NFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.66%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	22.24%	-14.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	28.94%	-13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	28.39%	-14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	28.39%	-14.01%