NFLY vs. NFLW

Last updated Jun 24, 2026

NFLY (YieldMax NFLX Option Income Strategy ETF) and NFLW (Roundhill NFLX WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLY returned -35.40% vs -50.09% for NFLW. Their correlation of 0.95 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 -16.92% return, which is significantly higher than NFLW's -27.54% return.

NFLY

• 1D: -0.25%
• 1M: -14.75%
• YTD: -16.92%
• 6M: -16.28%
• 1Y: -35.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFLW

• 1D: 0.08%
• 1M: -21.07%
• YTD: -27.54%
• 6M: -27.44%
• 1Y: -50.09%
• 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	-16.92%	-20.60%
NFLW Roundhill NFLX WeeklyPay ETF	-27.54%	-29.54%

Correlation

The correlation between NFLY and NFLW is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.95

The correlation between NFLY and NFLW has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

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: 1
NFLY Sharpe Ratio Rank: 0
NFLY Sortino Ratio Rank: 1
NFLY Omega Ratio Rank: 0
NFLY Calmar Ratio Rank: 1
NFLY Martin Ratio Rank: 1

NFLW

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

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.

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	NFLW	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	-1.24	-0.01
Sortino ratio: Return per unit of downside risk	-1.85	-1.99	+0.14
Omega ratio: Gain probability vs. loss probability	0.76	0.75	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.93	+0.01
Martin ratio: Return relative to average drawdown	-1.62	-1.59	-0.03

NFLY vs. NFLW - Sharpe Ratio Comparison

The current NFLY Sharpe Ratio is -1.26, which is comparable to the NFLW Sharpe Ratio of -1.24. The chart below compares the historical Sharpe Ratios of NFLY and NFLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFLY vs. NFLW - Drawdown Comparison

The maximum NFLY drawdown since its inception was -38.31%, smaller than the maximum NFLW drawdown of -53.89%. 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	-38.31%	-53.89%	+15.58%
Max Drawdown (1Y) Largest decline over 1 year	-38.31%	-53.89%	+15.58%
Current Drawdown Current decline from peak	-38.31%	-53.85%	+15.54%
Average Drawdown Average peak-to-trough decline	-8.95%	-27.86%	+18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.92%	31.61%	-9.69%

Volatility

NFLY vs. NFLW - Volatility Comparison

The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 6.90%, while Roundhill NFLX WeeklyPay ETF (NFLW) has a volatility of 9.81%. This indicates that NFLY experiences smaller price fluctuations and is considered to be less risky than NFLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLY	NFLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	9.81%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	21.19%	30.49%	-9.30%
Volatility (1Y) Calculated over the trailing 1-year period	28.31%	40.43%	-12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.33%	40.29%	-11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.33%	40.29%	-11.96%

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 67.16%, less than NFLW's 87.68% yield.

Position	TTM	2025	2024	2023
NFLW Roundhill NFLX WeeklyPay ETF	87.68%	38.89%	0.00%	0.00%
NFLY YieldMax NFLX Option Income Strategy ETF	67.16%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both NFLY and NFLW in my portfolio?

With a correlation of 0.95, 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 is riskier, NFLY or NFLW?

NFLW has higher volatility (9.81%) compared to NFLY (6.90%). In terms of maximum drawdown, NFLY dropped -38.31% vs NFLW's -53.89%.

Which ETF is better, NFLY or NFLW?

On 1-year performance, NFLY leads with -35.40% vs -50.09% for NFLW. Both ETFs have the same 0.99% expense ratio. On volatility, NFLY has been the lower-risk option at 6.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLY or NFLW?

Over the 1-year period, NFLY has performed better with a -35.40% return vs -50.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 87.68%, compared with 67.16% for NFLY.

What is the main difference between NFLY and NFLW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

NFLW currently has the higher Sharpe Ratio (-1.24 vs -1.26), 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.