NFLY vs. FTHI

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax NFLX Option Income Strategy ETF (NFLY) and First Trust BuyWrite Income ETF (FTHI).

NFLY and FTHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLY is an actively managed fund by YieldMax. It was launched on Aug 7, 2023. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.

Performance

NFLY vs. FTHI - Performance Comparison

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

NFLY vs. FTHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFLY YieldMax NFLX Option Income Strategy ETF	3.21%	1.66%	66.37%	3.45%
FTHI First Trust BuyWrite Income ETF	-0.61%	11.03%	19.02%	4.99%

Returns By Period

In the year-to-date period, NFLY achieves a 3.21% return, which is significantly higher than FTHI's -0.61% return.

NFLY

• 1D: 1.57%
• 1M: -0.25%
• YTD: 3.21%
• 6M: -16.09%
• 1Y: 1.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTHI

• 1D: 2.23%
• 1M: -2.30%
• YTD: -0.61%
• 6M: 1.27%
• 1Y: 14.85%
• 3Y*: 14.15%
• 5Y*: 10.18%
• 10Y*: 7.99%

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

NFLY vs. FTHI - Expense Ratio Comparison

NFLY has a 0.99% expense ratio, which is higher than FTHI's 0.85% expense ratio.

NFLY

YieldMax NFLX Option Income Strategy ETF

FTHI

First Trust BuyWrite Income ETF

Return for Risk

NFLY vs. FTHI — Risk / Return Rank

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

NFLY

NFLY Risk / Return Rank: 14
NFLY Sharpe Ratio Rank: 14
NFLY Sortino Ratio Rank: 15
NFLY Omega Ratio Rank: 15
NFLY Calmar Ratio Rank: 13
NFLY Martin Ratio Rank: 13

FTHI

FTHI Risk / Return Rank: 65
FTHI Sharpe Ratio Rank: 58
FTHI Sortino Ratio Rank: 62
FTHI Omega Ratio Rank: 70
FTHI Calmar Ratio Rank: 59
FTHI Martin Ratio Rank: 77

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. FTHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and First Trust BuyWrite Income ETF (FTHI). 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.

	NFLY	FTHI	Difference
Sharpe ratio Return per unit of total volatility	0.07	1.00	-0.93
Sortino ratio Return per unit of downside risk	0.31	1.51	-1.20
Omega ratio Gain probability vs. loss probability	1.04	1.25	-0.21
Calmar ratio Return relative to maximum drawdown	0.05	1.40	-1.35
Martin ratio Return relative to average drawdown	0.10	7.84	-7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLY vs. FTHI - Sharpe Ratio Comparison

The current NFLY Sharpe Ratio is 0.07, which is lower than the FTHI Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of NFLY and FTHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFLY	FTHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	1.00	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.51	+0.38

Correlation

The correlation between NFLY and FTHI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NFLY vs. FTHI - Dividend Comparison

NFLY's dividend yield for the trailing twelve months is around 60.91%, more than FTHI's 8.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLY YieldMax NFLX Option Income Strategy ETF	60.91%	61.53%	49.91%	11.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHI First Trust BuyWrite Income ETF	8.99%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%

Drawdowns

NFLY vs. FTHI - Drawdown Comparison

The maximum NFLY drawdown since its inception was -37.18%, which is greater than FTHI's maximum drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for NFLY and FTHI.

Drawdown Indicators

	NFLY	FTHI	Difference
Max Drawdown Largest peak-to-trough decline	-37.18%	-32.65%	-4.53%
Max Drawdown (1Y) Largest decline over 1 year	-37.18%	-10.92%	-26.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.65%	—
Current Drawdown Current decline from peak	-23.36%	-3.36%	-20.00%
Average Drawdown Average peak-to-trough decline	-7.37%	-3.73%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.46%	1.95%	+15.51%

Volatility

NFLY vs. FTHI - Volatility Comparison

YieldMax NFLX Option Income Strategy ETF (NFLY) has a higher volatility of 4.66% compared to First Trust BuyWrite Income ETF (FTHI) at 4.36%. This indicates that NFLY's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLY	FTHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	4.36%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	22.24%	7.60%	+14.64%
Volatility (1Y) Calculated over the trailing 1-year period	28.94%	14.99%	+13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.39%	13.54%	+14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.39%	14.38%	+14.01%