NFLY vs. FIYY

Last updated Jul 14, 2026

NFLY (YieldMax NFLX Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. NFLY charges 0.99%/yr vs 1.07%/yr for FIYY.

Performance

NFLY vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NFLX Option Income Strategy ETF (NFLY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFLY

• 1D: 1.15%
• 1M: -8.16%
• 6M: -13.66%
• YTD: -17.03%
• 1Y: -34.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: -0.07%
• 1M: -0.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
NFLY YieldMax NFLX Option Income Strategy ETF	-16.17%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-2.01%

Correlation

The correlation between NFLY and FIYY is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	-0.01

Return for Risk

NFLY vs. FIYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFLY

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

FIYY

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

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.

NFLY vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	-1.20	—	—
Sortino ratio: Return per unit of downside risk	-1.76	—	—
Omega ratio: Gain probability vs. loss probability	0.77	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.64	—	—

Drawdowns

NFLY vs. FIYY - Drawdown Comparison

The maximum NFLY drawdown since its inception was -39.68%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for NFLY and FIYY.

Drawdown Indicators

	NFLY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-2.51%	-37.17%
Max Drawdown (1Y) Largest decline over 1 year	-37.23%	—	—
Current Drawdown Current decline from peak	-38.39%	-2.13%	-36.26%
Average Drawdown Average peak-to-trough decline	-9.46%	-1.47%	-7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.92%	—	—

Volatility

Volatility by Period

	NFLY	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.68%	5.08%	+23.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	5.08%	+23.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.36%	5.08%	+23.28%

NFLY vs. FIYY - Expense Ratio Comparison

NFLY has a 0.99% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

NFLY vs. FIYY - Dividend Comparison

NFLY's dividend yield for the trailing twelve months is around 64.97%, more than FIYY's 1.13% yield.

Position	TTM	2025	2024	2023
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%	0.00%	0.00%
NFLY YieldMax NFLX Option Income Strategy ETF	64.97%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both NFLY and FIYY in my portfolio?

NFLY and FIYY have a correlation of -0.01, 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 FIYY?

On fees, NFLY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFLY or FIYY?

NFLY is cheaper with a 0.99% expense ratio, compared with 1.07% for FIYY.

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

NFLY has the higher dividend yield at 64.97%, compared with 1.13% for FIYY.

What is the main difference between NFLY and FIYY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for NFLY and 1.07% for FIYY.