NFLX.NEO vs. AA

Last updated Jun 5, 2026

NFLX.NEO (Netflix Inc CDR) and AA (Alcoa Corporation) are both stocks. NFLX.NEO operates in Entertainment (Communication Services), while AA operates in Aluminum (Basic Materials). Over the past 3 years, NFLX.NEO returned 24.05%/yr vs 30.85%/yr for AA. At a 0.17 correlation, their price movements are largely independent.

Performance

NFLX.NEO vs. AA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Netflix Inc CDR (NFLX.NEO) and Alcoa Corporation (AA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NFLX.NEO is traded in CAD, while AA is traded in USD. To make them comparable, the AA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NFLX.NEO achieves a -13.75% return, which is significantly lower than AA's 37.86% return.

NFLX.NEO

• 1D: 0.00%
• 1M: -7.59%
• YTD: -13.75%
• 6M: -19.50%
• 1Y: -36.27%
• 3Y*: 24.05%
• 5Y*: —
• 10Y*: —

AA

• 1D: -7.66%
• 1M: 16.37%
• YTD: 37.86%
• 6M: 66.25%
• 1Y: 165.40%
• 3Y*: 30.85%
• 5Y*: 17.55%
• 10Y*: —

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

NFLX.NEO vs. AA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NFLX.NEO Netflix Inc CDR	-13.75%	2.41%	80.06%	62.83%	-51.84%	9.68%
AA Alcoa Corporation	37.86%	35.92%	22.09%	-26.00%	-17.64%	42.57%

Correlation

The correlation between NFLX.NEO and AA 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	0.11
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.17

The correlation between NFLX.NEO and AA shifts across timeframes, from -0.04 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NFLX.NEO : CA$130.47B AA : $18.95B
EPS NFLX.NEO : CA$2.46 AA : $3.92
PE Ratio NFLX.NEO : 12.52 AA : 18.34
PS Ratio NFLX.NEO : 3.01 AA : 1.49
PB Ratio NFLX.NEO : 5.03 AA : 2.78
Total Revenue (TTM) NFLX.NEO : CA$43.38B AA : $12.66B
Gross Profit (TTM) NFLX.NEO : CA$20.86B AA : $948.00M

Return for Risk

NFLX.NEO vs. AA — Risk / Return Rank

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

NFLX.NEO

NFLX.NEO Risk / Return Rank: 7
NFLX.NEO Sharpe Ratio Rank: 3
NFLX.NEO Sortino Ratio Rank: 5
NFLX.NEO Omega Ratio Rank: 6
NFLX.NEO Calmar Ratio Rank: 11
NFLX.NEO Martin Ratio Rank: 8

AA

AA Risk / Return Rank: 94
AA Sharpe Ratio Rank: 95
AA Sortino Ratio Rank: 91
AA Omega Ratio Rank: 89
AA Calmar Ratio Rank: 97
AA Martin Ratio Rank: 97

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.

NFLX.NEO vs. AA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix Inc CDR (NFLX.NEO) and Alcoa Corporation (AA). 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.

	NFLX.NEO	AA	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	3.18	-4.26
Sortino ratio: Return per unit of downside risk	-1.56	3.54	-5.10
Omega ratio: Gain probability vs. loss probability	0.80	1.42	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.81	10.40	-11.21
Martin ratio: Return relative to average drawdown	-1.41	24.92	-26.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLX.NEO vs. AA - Sharpe Ratio Comparison

The current NFLX.NEO Sharpe Ratio is -1.08, which is lower than the AA Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of NFLX.NEO and AA, 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

	NFLX.NEO	AA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	3.18	-4.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.26	-0.10

Drawdowns

NFLX.NEO vs. AA - Drawdown Comparison

The maximum NFLX.NEO drawdown since its inception was -76.06%, smaller than the maximum AA drawdown of -89.74%. Use the drawdown chart below to compare losses from any high point for NFLX.NEO and AA.

Drawdown Indicators

	NFLX.NEO	AA	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-89.74%	+13.68%
Max Drawdown (1Y) Largest decline over 1 year	-44.25%	-16.00%	-28.25%
Max Drawdown (3Y) Largest decline over 3 years	-44.25%	-51.54%	+7.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-72.71%	—
Current Drawdown Current decline from peak	-40.40%	-13.59%	-26.81%
Average Drawdown Average peak-to-trough decline	-29.53%	-44.21%	+14.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.35%	6.66%	+18.69%

Volatility

NFLX.NEO vs. AA - Volatility Comparison

The current volatility for Netflix Inc CDR (NFLX.NEO) is 6.45%, while Alcoa Corporation (AA) has a volatility of 18.11%. This indicates that NFLX.NEO experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLX.NEO	AA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	18.11%	-11.66%
Volatility (6M) Calculated over the trailing 6-month period	25.72%	39.07%	-13.35%
Volatility (1Y) Calculated over the trailing 1-year period	33.36%	52.39%	-19.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.02%	53.86%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.02%	53.58%	-9.56%

Dividends

NFLX.NEO vs. AA - Dividend Comparison

NFLX.NEO has not paid dividends to shareholders, while AA's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AA Alcoa Corporation	0.56%	0.75%	1.06%	1.18%	0.88%	0.17%	0.00%	0.00%	0.00%	0.00%	0.32%
NFLX.NEO Netflix Inc CDR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

NFLX.NEO vs. AA - Profitability Comparison

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

NFLX.NEO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Netflix Inc CDR reported a gross profit of 5.35B and revenue of 11.51B. Therefore, the gross margin over that period was 46.5%.

AA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.

NFLX.NEO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Netflix Inc CDR reported an operating income of 3.25B and revenue of 11.51B, resulting in an operating margin of 28.2%.

AA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.

NFLX.NEO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Netflix Inc CDR reported a net income of 2.55B and revenue of 11.51B, resulting in a net margin of 22.1%.

AA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.

Frequently Asked Questions

Can I hold both NFLX.NEO and AA in my portfolio?

NFLX.NEO and AA 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.