NFLY vs. NFLW

Last updated Jun 3, 2026

NFLY (YieldMax NFLX Option Income Strategy ETF) and NFLW (Roundhill NFLX WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.

Performance

NFLY vs. NFLW - Performance Comparison

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

Returns By Period

In the year-to-date period, NFLY achieves a -7.02% return, which is significantly higher than NFLW's -14.66% return.

NFLY

• 1D: -2.44%
• 1M: -6.88%
• YTD: -7.02%
• 6M: -17.50%
• 1Y: -26.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFLW

• 1D: -3.55%
• 1M: -11.38%
• YTD: -14.66%
• 6M: -29.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLY vs. NFLW - Yearly Performance Comparison

	2026 (YTD)	2025
NFLY YieldMax NFLX Option Income Strategy ETF	-7.02%	-20.81%
NFLW Roundhill NFLX WeeklyPay ETF	-14.66%	-29.02%

Correlation

The correlation between NFLY and NFLW is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.94

Return for Risk

NFLY vs. NFLW — Risk / Return Rank

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

NFLY

NFLY Risk / Return Rank: 2
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 2
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 2

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. NFLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and Roundhill NFLX WeeklyPay ETF (NFLW). 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	NFLW	Difference
Sharpe ratio Return per unit of total volatility	-0.95	—	—
Sortino ratio Return per unit of downside risk	-1.29	—	—
Omega ratio Gain probability vs. loss probability	0.83	—	—
Calmar ratio Return relative to maximum drawdown	-0.69	—	—
Martin ratio Return relative to average drawdown	-1.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NFLY	NFLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-1.02	+1.69

Drawdowns

NFLY vs. NFLW - Drawdown Comparison

The maximum NFLY drawdown since its inception was -37.18%, smaller than the maximum NFLW drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for NFLY and NFLW.

Drawdown Indicators

	NFLY	NFLW	Difference
Max Drawdown Largest peak-to-trough decline	-37.18%	-50.73%	+13.55%
Max Drawdown (1Y) Largest decline over 1 year	-37.18%	—	—
Current Drawdown Current decline from peak	-30.95%	-45.65%	+14.70%
Average Drawdown Average peak-to-trough decline	-8.47%	-26.76%	+18.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.45%	—	—

Volatility

Volatility by Period

	NFLY	NFLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.62%	40.36%	-12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.31%	40.36%	-12.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.31%	40.36%	-12.05%

NFLY vs. NFLW - Expense Ratio Comparison

Both NFLY and NFLW have an expense ratio of 0.99%.

Dividends

NFLY vs. NFLW - Dividend Comparison

NFLY's dividend yield for the trailing twelve months is around 57.09%, less than NFLW's 71.42% yield.

Position	TTM	2025	2024	2023
NFLW Roundhill NFLX WeeklyPay ETF	71.42%	38.89%	0.00%	0.00%
NFLY YieldMax NFLX Option Income Strategy ETF	57.09%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both NFLY and NFLW in my portfolio?

With a correlation of 0.94, NFLY and NFLW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NFLY or NFLW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFLY or NFLW?

NFLY and NFLW have the same expense ratio: 0.99% per year.

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

NFLW has the higher dividend yield at 71.42%, compared with 57.09% for NFLY.

What is the main difference between NFLY and NFLW?

They also come from different issuers: YieldMax and Roundhill.