NFLX.NEO vs. SPY

Last updated Jun 6, 2026

NFLX.NEO (Netflix Inc CDR) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, NFLX.NEO returned 24.74%/yr vs 24.02%/yr for SPY. At a 0.48 correlation, their price movements are largely independent.

Performance

NFLX.NEO vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Netflix Inc CDR (NFLX.NEO) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NFLX.NEO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY 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 -13.18% return, which is significantly lower than SPY's 12.86% return.

NFLX.NEO

• 1D: 0.75%
• 1M: -6.96%
• YTD: -13.18%
• 6M: -18.90%
• 1Y: -35.80%
• 3Y*: 24.74%
• 5Y*: —
• 10Y*: —

SPY

• 1D: 0.00%
• 1M: 5.27%
• YTD: 12.86%
• 6M: 11.81%
• 1Y: 31.36%
• 3Y*: 24.02%
• 5Y*: 17.19%
• 10Y*: 16.48%

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

NFLX.NEO vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NFLX.NEO Netflix Inc CDR	-13.18%	2.50%	80.06%	62.83%	-51.84%	9.68%
SPY State Street SPDR S&P 500 ETF	10.16%	12.32%	35.62%	23.40%	-12.34%	6.97%

Correlation

The correlation between NFLX.NEO and SPY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.48

Over the past year, the correlation between NFLX.NEO and SPY has dropped to 0.17 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

NFLX.NEO vs. SPY — 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

SPY

SPY Risk / Return Rank: 66
SPY Sharpe Ratio Rank: 66
SPY Sortino Ratio Rank: 63
SPY Omega Ratio Rank: 66
SPY Calmar Ratio Rank: 60
SPY Martin Ratio Rank: 73

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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix Inc CDR (NFLX.NEO) and State Street SPDR S&P 500 ETF (SPY). 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	SPY	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	2.71	-3.78
Sortino ratio: Return per unit of downside risk	-1.54	3.61	-5.15
Omega ratio: Gain probability vs. loss probability	0.80	1.52	-0.71
Calmar ratio: Return relative to maximum drawdown	-0.81	3.66	-4.47
Martin ratio: Return relative to average drawdown	-1.41	13.91	-15.32
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. SPY - Sharpe Ratio Comparison

The current NFLX.NEO Sharpe Ratio is -1.08, which is lower than the SPY Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of NFLX.NEO and SPY, 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	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	2.71	-3.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.14	-0.98

Drawdowns

NFLX.NEO vs. SPY - Drawdown Comparison

The maximum NFLX.NEO drawdown since its inception was -76.06%, which is greater than SPY's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for NFLX.NEO and SPY.

Drawdown Indicators

	NFLX.NEO	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-27.34%	-48.72%
Max Drawdown (1Y) Largest decline over 1 year	-44.25%	-8.62%	-35.63%
Max Drawdown (3Y) Largest decline over 3 years	-44.25%	-19.00%	-25.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.34%	—
Current Drawdown Current decline from peak	-39.95%	0.00%	-39.95%
Average Drawdown Average peak-to-trough decline	-29.55%	-3.21%	-26.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.49%	2.26%	+23.23%

Volatility

NFLX.NEO vs. SPY - Volatility Comparison

Netflix Inc CDR (NFLX.NEO) has a higher volatility of 6.60% compared to State Street SPDR S&P 500 ETF (SPY) at 2.35%. This indicates that NFLX.NEO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLX.NEO	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	2.35%	+4.25%
Volatility (6M) Calculated over the trailing 6-month period	25.44%	8.81%	+16.63%
Volatility (1Y) Calculated over the trailing 1-year period	33.43%	11.66%	+21.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.09%	15.14%	+28.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.09%	16.19%	+27.90%

Dividends

NFLX.NEO vs. SPY - Dividend Comparison

NFLX.NEO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SPY State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

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

NFLX.NEO and SPY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.