MFA vs. NFLY

Last updated Jun 4, 2026

MFA (MFA Financial, Inc.) is a stock, while NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, MFA returned 13.88% vs -27.58% for NFLY. At a 0.09 correlation, their price movements are largely independent.

Performance

MFA vs. NFLY - Performance Comparison

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

Returns By Period

In the year-to-date period, MFA achieves a 2.09% return, which is significantly higher than NFLY's -8.84% return.

MFA

• 1D: -3.38%
• 1M: -9.94%
• YTD: 2.09%
• 6M: 3.07%
• 1Y: 13.88%
• 3Y*: 7.41%
• 5Y*: 0.07%
• 10Y*: 0.74%

NFLY

• 1D: -1.96%
• 1M: -7.89%
• YTD: -8.84%
• 6M: -15.99%
• 1Y: -27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFA vs. NFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MFA MFA Financial, Inc.	2.09%	6.07%	2.63%	10.45%
NFLY YieldMax NFLX Option Income Strategy ETF	-8.84%	1.66%	66.37%	3.45%

Correlation

The correlation between MFA and NFLY is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023	0.09

Return for Risk

MFA vs. NFLY — Risk / Return Rank

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

MFA

MFA Risk / Return Rank: 59
MFA Sharpe Ratio Rank: 62
MFA Sortino Ratio Rank: 53
MFA Omega Ratio Rank: 52
MFA Calmar Ratio Rank: 64
MFA Martin Ratio Rank: 64

NFLY

NFLY Risk / Return Rank: 2
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 2
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 2

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.

MFA vs. NFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFA Financial, Inc. (MFA) 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.

	MFA	NFLY	Difference
Sharpe ratio: Return per unit of total volatility	0.62	-1.00	+1.62
Sortino ratio: Return per unit of downside risk	0.98	-1.38	+2.36
Omega ratio: Gain probability vs. loss probability	1.12	0.82	+0.30
Calmar ratio: Return relative to maximum drawdown	1.17	-0.74	+1.91
Martin ratio: Return relative to average drawdown	2.70	-1.34	+4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFA vs. NFLY - Sharpe Ratio Comparison

The current MFA Sharpe Ratio is 0.62, which is higher than the NFLY Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of MFA and NFLY, 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

	MFA	NFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	-1.00	+1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.64	-0.53

Drawdowns

MFA vs. NFLY - Drawdown Comparison

The maximum MFA drawdown since its inception was -95.52%, which is greater than NFLY's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for MFA and NFLY.

Drawdown Indicators

	MFA	NFLY	Difference
Max Drawdown Largest peak-to-trough decline	-95.52%	-37.18%	-58.34%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-37.18%	+25.25%
Max Drawdown (3Y) Largest decline over 3 years	-31.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.52%	—	—
Current Drawdown Current decline from peak	-34.40%	-32.30%	-2.10%
Average Drawdown Average peak-to-trough decline	-21.54%	-8.51%	-13.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	20.55%	-15.40%

Volatility

MFA vs. NFLY - Volatility Comparison

MFA Financial, Inc. (MFA) has a higher volatility of 9.17% compared to YieldMax NFLX Option Income Strategy ETF (NFLY) at 6.12%. This indicates that MFA's price experiences larger fluctuations and is considered to be riskier than NFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFA	NFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	6.12%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	16.88%	21.18%	-4.30%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	27.67%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.73%	28.32%	+3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.78%	28.32%	+56.46%

Dividends

MFA vs. NFLY - Dividend Comparison

MFA's dividend yield for the trailing twelve months is around 15.74%, less than NFLY's 58.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFA MFA Financial, Inc.	15.74%	15.47%	13.74%	12.42%	16.95%	8.44%	8.35%	10.46%	11.98%	10.10%	10.48%	12.12%
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

Can I hold both MFA and NFLY in my portfolio?

MFA and NFLY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFA or NFLY?

MFA has higher volatility (9.17%) compared to NFLY (6.12%). In terms of maximum drawdown, MFA dropped -95.52% vs NFLY's -37.18%.

Which has better risk-adjusted returns?

MFA currently has the higher Sharpe Ratio (0.62 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.