NFLY vs. NFLX
NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while NFLX (Netflix, Inc.) is a stock. Over the past year, NFLY returned -35.04% vs -41.07% for NFLX. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
NFLY vs. NFLX - Performance Comparison
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Returns By Period
In the year-to-date period, NFLY achieves a -17.98% return, which is significantly higher than NFLX's -21.75% return.
NFLY
- 1D
- -2.50%
- 1M
- -9.21%
- 6M
- -14.65%
- YTD
- -17.98%
- 1Y
- -35.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLX
- 1D
- -2.78%
- 1M
- -8.68%
- 6M
- -17.99%
- YTD
- -21.75%
- 1Y
- -41.07%
- 3Y*
- 18.56%
- 5Y*
- 6.48%
- 10Y*
- 22.56%
NFLY vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | -17.98% | 1.66% | 66.37% | 3.80% |
NFLX Netflix, Inc. | -21.75% | 5.19% | 83.07% | 10.46% |
Correlation
The correlation between NFLY and NFLX 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 Aug 8, 2023 | 0.91 |
The correlation between NFLY and NFLX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
NFLY vs. NFLX — Risk / Return Rank
NFLY
NFLX
NFLY vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and Netflix, Inc. (NFLX). 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 | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.77 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.93 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.67 | -0.02 |
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Drawdowns
NFLY vs. NFLX - Drawdown Comparison
The maximum NFLY drawdown since its inception was -39.68%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for NFLY and NFLX.
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Drawdown Indicators
| NFLY | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.68% | -81.99% | +42.31% |
Max Drawdown (1Y)Largest decline over 1 year | -37.23% | -44.36% | +7.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.95% | — |
Current DrawdownCurrent decline from peak | -39.09% | -45.21% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -24.96% | +15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.80% | 24.72% | -3.92% |
Volatility
NFLY vs. NFLX - Volatility Comparison
The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 9.37%, while Netflix, Inc. (NFLX) has a volatility of 11.87%. This indicates that NFLY experiences smaller price fluctuations and is considered to be less risky than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLY | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 11.87% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 26.83% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.70% | 34.48% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.37% | 43.37% | -15.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 41.52% | -13.15% |
Dividends
NFLY vs. NFLX - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 65.72%, while NFLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
NFLY YieldMax NFLX Option Income Strategy ETF | 65.72% | 61.53% | 49.91% | 11.84% |
Frequently Asked Questions
With a correlation of 0.95, NFLY and NFLX 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.
NFLX has higher volatility (11.87%) compared to NFLY (9.37%). In terms of maximum drawdown, NFLY dropped -39.68% vs NFLX's -81.99%.
NFLX currently has the higher Sharpe Ratio (-1.21 vs -1.23), 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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