NFLY vs. FIVY

Last updated Aug 2, 2026

NFLY (YieldMax NFLX Option Income Strategy ETF) and FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) are both Derivative Income funds from YieldMax. NFLY is actively managed, while FIVY is passively managed. Their 0.36 correlation means their historical movements had little consistent relationship. NFLY charges 0.99%/yr vs 0.88%/yr for FIVY.

Performance

NFLY vs. FIVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NFLX Option Income Strategy ETF (NFLY) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFLY

• 1D: 0.13%
• 1M: -6.88%
• 6M: -13.08%
• YTD: -19.50%
• 1Y: -32.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.31%

FIVY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
NFLY YieldMax NFLX Option Income Strategy ETF	$416.46K	$523.86K	$744.62K

NFLY vs. FIVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLY YieldMax NFLX Option Income Strategy ETF	-19.50%	1.66%	-2.83%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%

Correlation

The correlation between NFLY and FIVY is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.36

The correlation between NFLY and FIVY shifts across timeframes, from 0.21 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NFLY vs. FIVY — Risk / Return Rank

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

NFLY

NFLY Risk / Return Rank: 1
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 1
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 0

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NFLY vs. FIVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). 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.

	NFLY	FIVY	Difference
Sharpe ratio: Return per unit of total volatility	-1.14	—	—
Sortino ratio: Return per unit of downside risk	-1.64	—	—
Omega ratio: Gain probability vs. loss probability	0.79	—	—
Calmar ratio: Return relative to maximum drawdown	-0.80	—	—
Martin ratio: Return relative to average drawdown	-1.47	—	—

Drawdowns

Drawdown Indicators

	NFLY	FIVY	Difference
Max Drawdown Largest peak-to-trough decline	-43.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	—	—
Current Drawdown Current decline from peak	-40.22%	—	—
Average Drawdown Average peak-to-trough decline	-10.05%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	22.25%	—	—

Volatility

Volatility by Period

	NFLY	FIVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.38%	—	—

NFLY vs. FIVY - Expense Ratio Comparison

NFLY has a 0.99% expense ratio, which is higher than FIVY's 0.88% expense ratio.

Dividends

NFLY vs. FIVY - Dividend Comparison

NFLY's dividend yield for the trailing twelve months is around 64.16%, while FIVY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%	0.00%
NFLY YieldMax NFLX Option Income Strategy ETF	64.16%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both NFLY and FIVY in my portfolio?

NFLY and FIVY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NFLY or FIVY?

On fees, FIVY is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFLY or FIVY?

FIVY is cheaper with a 0.88% expense ratio, compared with 0.99% for NFLY.

Which ETF pays a higher dividend yield, NFLY or FIVY?

NFLY has the higher dividend yield at 64.16%, compared with 43.42% for FIVY.

What is the main difference between NFLY and FIVY?

Their fees differ too: 0.99% for NFLY and 0.88% for FIVY.