NFLX vs. SPYI
NFLX (Netflix, Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, NFLX returned 23.65%/yr vs 15.90%/yr for SPYI. At a 0.44 correlation, their price movements are largely independent.
Performance
NFLX vs. SPYI - Performance Comparison
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Returns By Period
In the year-to-date period, NFLX achieves a -12.89% return, which is significantly lower than SPYI's 7.94% return.
NFLX
- 1D
- 1.66%
- 1M
- -6.15%
- YTD
- -12.89%
- 6M
- -12.90%
- 1Y
- -32.62%
- 3Y*
- 23.65%
- 5Y*
- 10.65%
- 10Y*
- 24.08%
SPYI
- 1D
- 1.53%
- 1M
- 1.73%
- YTD
- 7.94%
- 6M
- 8.71%
- 1Y
- 22.69%
- 3Y*
- 15.90%
- 5Y*
- —
- 10Y*
- —
NFLX vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NFLX Netflix, Inc. | -12.89% | 5.19% | 83.07% | 65.11% | 31.31% |
SPYI NEOS S&P 500 High Income ETF | 7.94% | 16.67% | 19.03% | 18.09% | -3.96% |
Correlation
The correlation between NFLX and SPYI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.44 |
Over the past year, the correlation between NFLX and SPYI has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
NFLX vs. SPYI — Risk / Return Rank
NFLX
SPYI
NFLX vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) and NEOS S&P 500 High Income ETF (SPYI). 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 | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.23 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.44 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.95 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.29 | 14.87 | -16.16 |
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Drawdowns
NFLX vs. SPYI - Drawdown Comparison
The maximum NFLX drawdown since its inception was -81.99%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for NFLX and SPYI.
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Drawdown Indicators
| NFLX | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -16.47% | -65.52% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -7.72% | -35.63% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -16.47% | -26.88% |
Max Drawdown (5Y)Largest decline over 5 years | -75.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -75.95% | — | — |
Current DrawdownCurrent decline from peak | -39.01% | -0.30% | -38.71% |
Average DrawdownAverage peak-to-trough decline | -24.91% | -1.81% | -23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.31% | 1.53% | +23.78% |
Volatility
NFLX vs. SPYI - Volatility Comparison
Netflix, Inc. (NFLX) has a higher volatility of 6.19% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.89%. This indicates that NFLX's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLX | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 3.89% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 24.59% | 8.20% | +16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.16% | 10.19% | +22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.10% | 13.01% | +30.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.51% | 13.01% | +28.50% |
Dividends
NFLX vs. SPYI - Dividend Comparison
NFLX has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.62% | 11.70% | 12.04% | 12.01% | 4.10% |
Frequently Asked Questions
NFLX and SPYI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLX has higher volatility (6.19%) compared to SPYI (3.89%). In terms of maximum drawdown, NFLX dropped -81.99% vs SPYI's -16.47%.
SPYI currently has the higher Sharpe Ratio (2.24 vs -0.99), 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.
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