NFLY vs. IEZ
NFLY (YieldMax NFLX Option Income Strategy ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both exchange-traded funds - NFLY is a Derivative Income fund actively managed by YieldMax, while IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. NFLY is actively managed, while IEZ is passively managed. Over the past year, NFLY returned -27.86% vs 91.49% for IEZ. At a 0.05 correlation, their price movements are largely independent. NFLY charges 0.99%/yr vs 0.42%/yr for IEZ.
Performance
NFLY vs. IEZ - Performance Comparison
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Returns By Period
In the year-to-date period, NFLY achieves a -8.27% return, which is significantly lower than IEZ's 50.77% return.
NFLY
- 1D
- 0.63%
- 1M
- -4.36%
- YTD
- -8.27%
- 6M
- -14.68%
- 1Y
- -27.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ
- 1D
- 1.98%
- 1M
- -1.10%
- YTD
- 50.77%
- 6M
- 43.85%
- 1Y
- 91.49%
- 3Y*
- 20.68%
- 5Y*
- 14.36%
- 10Y*
- -0.66%
NFLY vs. IEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | -8.27% | 1.66% | 66.37% | 3.45% |
IEZ iShares U.S. Oil Equipment & Services ETF | 50.77% | 7.51% | -8.15% | -7.52% |
Correlation
The correlation between NFLY and IEZ is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023 | 0.05 |
The correlation between NFLY and IEZ shifts across timeframes, from -0.15 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLY vs. IEZ — Risk / Return Rank
NFLY
IEZ
NFLY vs. IEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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 | IEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.24 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.49 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 8.91 | -9.67 |
| Martin ratioReturn relative to average drawdown | -1.35 | 24.26 | -25.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFLY | IEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 3.23 | -4.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | -0.03 | +0.68 |
Drawdowns
NFLY vs. IEZ - Drawdown Comparison
The maximum NFLY drawdown since its inception was -37.18%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for NFLY and IEZ.
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Drawdown Indicators
| NFLY | IEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -92.52% | +55.34% |
Max Drawdown (1Y)Largest decline over 1 year | -37.18% | -10.32% | -26.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.29% | — |
Current DrawdownCurrent decline from peak | -31.88% | -50.24% | +18.36% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -48.26% | +39.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.64% | 3.78% | +16.86% |
Volatility
NFLY vs. IEZ - Volatility Comparison
The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 5.48%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 8.22%. This indicates that NFLY experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLY | IEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 8.22% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 20.16% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 28.54% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.30% | 36.36% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.30% | 41.55% | -13.25% |
NFLY vs. IEZ - Expense Ratio Comparison
NFLY has a 0.99% expense ratio, which is higher than IEZ's 0.42% expense ratio.
Dividends
NFLY vs. IEZ - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 58.86%, more than IEZ's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.16% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
NFLY YieldMax NFLX Option Income Strategy ETF | 58.86% | 61.53% | 49.91% | 11.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLY and IEZ 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.
IEZ has higher volatility (8.22%) compared to NFLY (5.48%). In terms of maximum drawdown, NFLY dropped -37.18% vs IEZ's -92.52%.
On 1-year performance, IEZ leads with 91.49% vs -27.86% for NFLY. On fees, IEZ is cheaper at 0.42% per year. On volatility, NFLY has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEZ has performed better with a 91.49% return vs -27.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEZ is cheaper with a 0.42% expense ratio, compared with 0.99% for NFLY.
NFLY has the higher dividend yield at 58.86%, compared with 1.16% for IEZ.
NFLY is categorized as Derivative Income, while IEZ is Energy Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for NFLY and 0.42% for IEZ.
IEZ currently has the higher Sharpe Ratio (3.23 vs -1.01), 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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