GOOGL vs. NFLX

Last updated Jun 4, 2026

GOOGL (Alphabet Inc Class A) and NFLX (Netflix, Inc.) are both stocks. Both are in the Communication Services sector — GOOGL in Internet Content & Information, NFLX in Entertainment. Over the past 10 years, GOOGL returned 25.69%/yr vs 23.40%/yr for NFLX. At a 0.36 correlation, their price movements are largely independent.

Performance

GOOGL vs. NFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alphabet Inc Class A (GOOGL) and Netflix, Inc. (NFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOGL achieves a 14.77% return, which is significantly higher than NFLX's -13.05% return. Over the past 10 years, GOOGL has outperformed NFLX with an annualized return of 25.69%, while NFLX has yielded a comparatively lower 23.40% annualized return.

GOOGL

• 1D: -0.79%
• 1M: -6.33%
• YTD: 14.77%
• 6M: 12.47%
• 1Y: 116.77%
• 3Y*: 42.66%
• 5Y*: 24.78%
• 10Y*: 25.69%

NFLX

• 1D: -2.17%
• 1M: -10.44%
• YTD: -13.05%
• 6M: -21.59%
• 1Y: -33.07%
• 3Y*: 26.74%
• 5Y*: 10.50%
• 10Y*: 23.40%

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

GOOGL vs. NFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOOGL Alphabet Inc Class A	14.77%	65.99%	36.01%	58.32%	-39.09%	65.30%	30.85%	28.18%	-0.80%	32.93%
NFLX Netflix, Inc.	-13.05%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%

Correlation

The correlation between GOOGL and NFLX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 20, 2004	0.36

Over the past year, the correlation between GOOGL and NFLX has dropped to 0.04 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Fundamentals

Market Cap GOOGL : $4.39T NFLX : $350.41B
EPS GOOGL : $13.11 NFLX : $3.09
PE Ratio GOOGL : 27.37 NFLX : 26.37
PEG Ratio GOOGL : 1.35 NFLX : 1.04
PS Ratio GOOGL : 10.38 NFLX : 7.52
PB Ratio GOOGL : 9.18 NFLX : 11.26
Total Revenue (TTM) GOOGL : $422.57B NFLX : $46.89B
Gross Profit (TTM) GOOGL : $255.12B NFLX : $22.99B
EBITDA (TTM) GOOGL : $174.08B NFLX : $26.91B

Return for Risk

GOOGL vs. NFLX — Risk / Return Rank

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

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

NFLX

NFLX Risk / Return Rank: 8
NFLX Sharpe Ratio Rank: 4
NFLX Sortino Ratio Rank: 6
NFLX Omega Ratio Rank: 7
NFLX Calmar Ratio Rank: 12
NFLX Martin Ratio Rank: 9

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.

GOOGL vs. NFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc Class A (GOOGL) and Netflix, Inc. (NFLX). 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.

	GOOGL	NFLX	Difference
Sharpe ratio Return per unit of total volatility	4.03	-1.00	+5.03
Sortino ratio Return per unit of downside risk	5.33	-1.40	+6.74
Omega ratio Gain probability vs. loss probability	1.65	0.82	+0.83
Calmar ratio Return relative to maximum drawdown	5.77	-0.77	+6.53
Martin ratio Return relative to average drawdown	21.31	-1.36	+22.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOGL vs. NFLX - Sharpe Ratio Comparison

The current GOOGL Sharpe Ratio is 4.03, which is higher than the NFLX Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of GOOGL and NFLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOOGL	NFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.03	-1.00	+5.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.24	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.57	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.57	+0.26

Drawdowns

GOOGL vs. NFLX - Drawdown Comparison

The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for GOOGL and NFLX.

Drawdown Indicators

	GOOGL	NFLX	Difference
Max Drawdown Largest peak-to-trough decline	-65.29%	-81.99%	+16.70%
Max Drawdown (1Y) Largest decline over 1 year	-20.37%	-43.35%	+22.98%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-43.35%	+13.54%
Max Drawdown (5Y) Largest decline over 5 years	-44.32%	-75.95%	+31.63%
Max Drawdown (10Y) Largest decline over 10 years	-44.32%	-75.95%	+31.63%
Current Drawdown Current decline from peak	-10.84%	-39.12%	+28.28%
Average Drawdown Average peak-to-trough decline	-13.02%	-24.89%	+11.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	24.34%	-18.84%

Volatility

GOOGL vs. NFLX - Volatility Comparison

Alphabet Inc Class A (GOOGL) has a higher volatility of 8.29% compared to Netflix, Inc. (NFLX) at 7.24%. This indicates that GOOGL's price experiences larger fluctuations and is considered to be riskier than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOGL	NFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	7.24%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	25.66%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	29.22%	33.14%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.29%	43.11%	-11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.10%	41.52%	-12.42%

Dividends

GOOGL vs. NFLX - Dividend Comparison

GOOGL's dividend yield for the trailing twelve months is around 0.23%, while NFLX has not paid dividends to shareholders.

Position	TTM	2025	2024
GOOGL Alphabet Inc Class A	0.23%	0.27%	0.32%
NFLX Netflix, Inc.	0.00%	0.00%	0.00%

Financials

GOOGL vs. NFLX - Profitability Comparison

The chart below illustrates the profitability comparison between Alphabet Inc Class A and Netflix, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GOOGL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.

NFLX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a gross profit of 6.36B and revenue of 12.25B. Therefore, the gross margin over that period was 51.9%.

GOOGL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.

NFLX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported an operating income of 3.96B and revenue of 12.25B, resulting in an operating margin of 32.3%.

GOOGL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.

NFLX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a net income of 5.28B and revenue of 12.25B, resulting in a net margin of 43.1%.

Frequently Asked Questions

Can I hold both GOOGL and NFLX in my portfolio?

GOOGL and NFLX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOGL or NFLX?

GOOGL has higher volatility (8.29%) compared to NFLX (7.24%). In terms of maximum drawdown, GOOGL dropped -65.29% vs NFLX's -81.99%.

Which has better risk-adjusted returns?

GOOGL currently has the higher Sharpe Ratio (4.03 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.