FTHI vs. NFLY
FTHI (First Trust BuyWrite Income ETF) and NFLY (YieldMax NFLX Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FTHI returned 16.43% vs -27.58% for NFLY. At a 0.37 correlation, their price movements are largely independent. FTHI charges 0.85%/yr vs 0.99%/yr for NFLY.
Performance
FTHI vs. NFLY - Performance Comparison
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Returns By Period
In the year-to-date period, FTHI achieves a 4.79% return, which is significantly higher than NFLY's -8.84% return.
FTHI
- 1D
- -0.17%
- 1M
- 1.75%
- YTD
- 4.79%
- 6M
- 5.22%
- 1Y
- 16.43%
- 3Y*
- 14.50%
- 5Y*
- 10.17%
- 10Y*
- 8.54%
NFLY
- 1D
- -1.96%
- 1M
- -7.89%
- YTD
- -8.84%
- 6M
- -15.99%
- 1Y
- -27.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTHI vs. NFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 4.79% | 11.03% | 19.02% | 4.99% |
NFLY YieldMax NFLX Option Income Strategy ETF | -8.84% | 1.66% | 66.37% | 3.45% |
Correlation
The correlation between FTHI and NFLY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023 | 0.37 |
The correlation between FTHI and NFLY shifts across timeframes, from 0.19 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTHI vs. NFLY — Risk / Return Rank
FTHI
NFLY
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 ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.82 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | -0.74 | +3.76 |
| Martin ratioReturn relative to average drawdown | 13.19 | -1.34 | +14.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTHI | NFLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -1.00 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.64 | -0.11 |
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.
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Drawdown Indicators
| FTHI | NFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -37.18% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -37.18% | +31.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -32.30% | +32.13% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -8.51% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 20.55% | -19.30% |
Volatility
FTHI vs. NFLY - Volatility Comparison
The current volatility for First Trust BuyWrite Income ETF (FTHI) is 1.67%, while YieldMax NFLX Option Income Strategy ETF (NFLY) has a volatility of 6.12%. 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.
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Volatility by Period
| FTHI | NFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 6.12% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 21.18% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 27.67% | -18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 28.32% | -14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 28.32% | -13.99% |
FTHI vs. NFLY - Expense Ratio Comparison
FTHI has a 0.85% expense ratio, which is lower than NFLY's 0.99% expense ratio.
Dividends
FTHI vs. NFLY - Dividend Comparison
FTHI's dividend yield for the trailing twelve months is around 8.73%, less than NFLY's 58.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 8.73% | 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 | 58.24% | 61.53% | 49.91% | 11.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTHI and NFLY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLY has higher volatility (6.12%) compared to FTHI (1.67%). In terms of maximum drawdown, FTHI dropped -32.65% vs NFLY's -37.18%.
On 1-year performance, FTHI leads with 16.43% vs -27.58% for NFLY. On fees, FTHI is cheaper at 0.85% per year. On volatility, FTHI has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTHI has performed better with a 16.43% return vs -27.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTHI is cheaper with a 0.85% expense ratio, compared with 0.99% for NFLY.
NFLY has the higher dividend yield at 58.24%, compared with 8.73% for FTHI.
They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for FTHI and 0.99% for NFLY.
FTHI currently has the higher Sharpe Ratio (1.87 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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