NFLY vs. OIH
NFLY (YieldMax NFLX Option Income Strategy ETF) and OIH (VanEck Vectors Oil Services ETF) are both exchange-traded funds - NFLY is a Derivative Income fund actively managed by YieldMax, while OIH is a Energy Equities fund tracking the MVIS US Listed Oil Services 25 Index. NFLY is actively managed, while OIH is passively managed. Over the past year, NFLY returned -27.86% vs 99.03% for OIH. At a 0.04 correlation, their price movements are largely independent. NFLY charges 0.99%/yr vs 0.35%/yr for OIH.
Performance
NFLY vs. OIH - 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 OIH's 54.15% return.
NFLY
- 1D
- 0.63%
- 1M
- -4.36%
- YTD
- -8.27%
- 6M
- -14.68%
- 1Y
- -27.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OIH
- 1D
- 1.80%
- 1M
- -0.39%
- YTD
- 54.15%
- 6M
- 45.31%
- 1Y
- 99.03%
- 3Y*
- 19.96%
- 5Y*
- 14.03%
- 10Y*
- -1.41%
NFLY vs. OIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | -8.27% | 1.66% | 66.37% | 3.45% |
OIH VanEck Vectors Oil Services ETF | 54.15% | 6.81% | -10.53% | -8.09% |
Correlation
The correlation between NFLY and OIH is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023 | 0.04 |
The correlation between NFLY and OIH shifts across timeframes, from -0.16 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLY vs. OIH — Risk / Return Rank
NFLY
OIH
NFLY vs. OIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and VanEck Vectors Oil Services ETF (OIH). 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 | OIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.41 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.51 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 10.44 | -11.19 |
| Martin ratioReturn relative to average drawdown | -1.35 | 25.98 | -27.33 |
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 | OIH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 3.39 | -4.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.01 | +0.64 |
Drawdowns
NFLY vs. OIH - Drawdown Comparison
The maximum NFLY drawdown since its inception was -37.18%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for NFLY and OIH.
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Drawdown Indicators
| NFLY | OIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -94.45% | +57.27% |
Max Drawdown (1Y)Largest decline over 1 year | -37.18% | -9.54% | -27.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.62% | — |
Current DrawdownCurrent decline from peak | -31.88% | -60.91% | +29.03% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -48.85% | +40.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.64% | 3.82% | +16.82% |
Volatility
NFLY vs. OIH - Volatility Comparison
The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 5.48%, while VanEck Vectors Oil Services ETF (OIH) has a volatility of 8.15%. This indicates that NFLY experiences smaller price fluctuations and is considered to be less risky than OIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLY | OIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 8.15% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 20.40% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 29.38% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.30% | 36.80% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.30% | 42.41% | -14.11% |
NFLY vs. OIH - Expense Ratio Comparison
NFLY has a 0.99% expense ratio, which is higher than OIH's 0.35% expense ratio.
Dividends
NFLY vs. OIH - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 58.86%, more than OIH's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OIH VanEck Vectors Oil Services ETF | 1.11% | 1.71% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.10% | 2.13% | 2.60% | 1.40% | 2.39% |
Frequently Asked Questions
NFLY and OIH have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIH has higher volatility (8.15%) compared to NFLY (5.48%). In terms of maximum drawdown, NFLY dropped -37.18% vs OIH's -94.45%.
On 1-year performance, OIH leads with 99.03% vs -27.86% for NFLY. On fees, OIH is cheaper at 0.35% 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, OIH has performed better with a 99.03% return vs -27.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OIH is cheaper with a 0.35% expense ratio, compared with 0.99% for NFLY.
NFLY has the higher dividend yield at 58.86%, compared with 1.11% for OIH.
NFLY is categorized as Derivative Income, while OIH is Energy Equities. They also come from different issuers: YieldMax and VanEck. Their fees differ too: 0.99% for NFLY and 0.35% for OIH.
OIH currently has the higher Sharpe Ratio (3.39 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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