NFLX vs. AIRR

Last updated Aug 4, 2026

NFLX (Netflix, Inc.) is a stock, while AIRR (First Trust RBA American Industrial Renaissance ETF) is Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Over the past 10 years, NFLX returned 22.42%/yr vs 20.17%/yr for AIRR. Their 0.27 correlation means their historical movements had little consistent relationship.

Performance

NFLX vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Netflix, Inc. (NFLX) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFLX achieves a -21.79% return, which is significantly lower than AIRR's 22.38% return. Over the past 10 years, NFLX has outperformed AIRR with an annualized return of 22.42%, while AIRR has yielded a comparatively lower 20.17% annualized return.

NFLX

• 1D: 2.26%
• 1M: -5.56%
• 6M: -11.39%
• YTD: -21.79%
• 1Y: -36.71%
• 3Y*: 19.33%
• 5Y*: 7.23%
• 10Y*: 22.42%
• ALL TIME*: 30.56%

AIRR

• 1D: 2.73%
• 1M: -4.50%
• 6M: 6.93%
• YTD: 22.38%
• 1Y: 41.30%
• 3Y*: 31.02%
• 5Y*: 24.25%
• 10Y*: 20.17%
• ALL TIME*: 15.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIRR First Trust RBA American Industrial Renaissance ETF	$85.28M	$87.33M	$93.05M
NFLX Netflix, Inc.	$3.11B	$3.47B	$3.40B

NFLX vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NFLX Netflix, Inc.	-21.79%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%
AIRR First Trust RBA American Industrial Renaissance ETF	22.38%	27.92%	33.45%	31.43%	-2.08%	33.01%	17.17%	33.97%	-20.57%	16.28%

Correlation

The correlation between NFLX and AIRR is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.28
Correlation (10Y) Provides a long-term view across more market conditions.	0.24
Correlation (All Time) Calculated using the full available price history since Mar 11, 2014	0.27

The correlation between NFLX and AIRR shifts across timeframes, from -0.15 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NFLX vs. AIRR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NFLX

NFLX Risk / Return Rank: 7
NFLX Sharpe Ratio Rank: 4
NFLX Sortino Ratio Rank: 6
NFLX Omega Ratio Rank: 6
NFLX Calmar Ratio Rank: 13
NFLX Martin Ratio Rank: 8

AIRR

AIRR Risk / Return Rank: 63
AIRR Sharpe Ratio Rank: 62
AIRR Sortino Ratio Rank: 59
AIRR Omega Ratio Rank: 54
AIRR Calmar Ratio Rank: 68
AIRR Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NFLX vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	1.48	-2.54
Sortino ratio: Return per unit of downside risk	-1.52	2.05	-3.57
Omega ratio: Gain probability vs. loss probability	0.81	1.25	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.79	2.42	-3.21
Martin ratio: Return relative to average drawdown	-1.39	9.17	-10.56

NFLX vs. AIRR - Sharpe Ratio Comparison

The current NFLX Sharpe Ratio is -1.06, which is lower than the AIRR Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NFLX and AIRR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFLX vs. AIRR - Drawdown Comparison

The maximum NFLX drawdown since its inception was -81.99%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for NFLX and AIRR.

Drawdown Indicators

	NFLX	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-42.37%	-39.62%
Max Drawdown (1Y) Largest decline over 1 year	-46.49%	-17.18%	-29.31%
Max Drawdown (3Y) Largest decline over 3 years	-49.52%	-27.95%	-21.57%
Max Drawdown (5Y) Largest decline over 5 years	-75.95%	-27.95%	-48.00%
Max Drawdown (10Y) Largest decline over 10 years	-75.95%	-42.37%	-33.58%
Current Drawdown Current decline from peak	-45.24%	-9.76%	-35.48%
Average Drawdown Average peak-to-trough decline	-25.02%	-7.47%	-17.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.50%	4.51%	+21.99%

Volatility

NFLX vs. AIRR - Volatility Comparison

Netflix, Inc. (NFLX) and First Trust RBA American Industrial Renaissance ETF (AIRR) have volatilities of 10.24% and 10.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLX	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.24%	10.27%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	27.92%	22.42%	+5.50%
Volatility (1Y) Calculated over the trailing 1-year period	34.89%	28.14%	+6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.52%	25.74%	+17.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.37%	26.50%	+14.87%

Dividends

NFLX vs. AIRR - Dividend Comparison

NFLX has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRR First Trust RBA American Industrial Renaissance ETF	0.09%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
NFLX Netflix, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLX and AIRR in my portfolio?

NFLX and AIRR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLX or AIRR?

AIRR has higher volatility (10.27%) compared to NFLX (10.24%). In terms of maximum drawdown, NFLX dropped -81.99% vs AIRR's -42.37%.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (1.48 vs -1.06), 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.