NFLX vs. ^GSPC
NFLX (Netflix, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, NFLX returned 23.92%/yr vs 13.61%/yr for ^GSPC. At a 0.41 correlation, their price movements are largely independent.
Performance
NFLX vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFLX achieves a -14.31% return, which is significantly lower than ^GSPC's 8.56% return. Over the past 10 years, NFLX has outperformed ^GSPC with an annualized return of 23.92%, while ^GSPC has yielded a comparatively lower 13.61% annualized return.
NFLX
- 1D
- -1.14%
- 1M
- -8.25%
- YTD
- -14.31%
- 6M
- -15.60%
- 1Y
- -33.88%
- 3Y*
- 22.62%
- 5Y*
- 10.45%
- 10Y*
- 23.92%
^GSPC
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
NFLX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLX Netflix, Inc. | -14.31% | 5.19% | 83.07% | 65.11% | -51.05% | 11.41% | 67.11% | 20.89% | 39.44% | 55.06% |
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between NFLX and ^GSPC 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 | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 23, 2002 | 0.41 |
Over the past year, the correlation between NFLX and ^GSPC has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NFLX vs. ^GSPC — Risk / Return Rank
NFLX
^GSPC
NFLX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFLX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.34 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.53 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.35 | 11.37 | -12.72 |
Loading charts...
Drawdowns
NFLX vs. ^GSPC - Drawdown Comparison
The maximum NFLX drawdown since its inception was -81.99%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NFLX and ^GSPC.
Loading charts...
Drawdown Indicators
| NFLX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -56.78% | -25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -9.10% | -34.25% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -18.90% | -24.45% |
Max Drawdown (5Y)Largest decline over 5 years | -75.95% | -25.43% | -50.52% |
Max Drawdown (10Y)Largest decline over 10 years | -75.95% | -33.92% | -42.03% |
Current DrawdownCurrent decline from peak | -40.01% | -2.34% | -37.67% |
Average DrawdownAverage peak-to-trough decline | -24.91% | -10.72% | -14.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.19% | 2.02% | +23.17% |
Volatility
NFLX vs. ^GSPC - Volatility Comparison
Netflix, Inc. (NFLX) has a higher volatility of 5.85% compared to S&P 500 Index (^GSPC) at 4.43%. This indicates that NFLX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NFLX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.43% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 24.58% | 9.70% | +14.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.05% | 12.38% | +20.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.09% | 16.97% | +26.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.49% | 18.09% | +23.40% |
Frequently Asked Questions
NFLX and ^GSPC 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.
NFLX has higher volatility (5.85%) compared to ^GSPC (4.43%). In terms of maximum drawdown, NFLX dropped -81.99% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.86 vs -1.03), 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.
Find the right allocation for NFLX and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer