NFLY vs. SPOT
NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while SPOT (Spotify Technology S.A.) is a stock. Over the past year, NFLY returned -27.58% vs -27.35% for SPOT. At a 0.48 correlation, their price movements are largely independent.
Performance
NFLY vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, NFLY achieves a -8.84% return, which is significantly higher than SPOT's -16.04% return.
NFLY
- 1D
- -1.96%
- 1M
- -7.89%
- YTD
- -8.84%
- 6M
- -15.99%
- 1Y
- -27.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- -2.78%
- 1M
- 11.24%
- YTD
- -16.04%
- 6M
- -12.50%
- 1Y
- -27.35%
- 3Y*
- 47.56%
- 5Y*
- 15.60%
- 10Y*
- —
NFLY vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | -8.84% | 1.66% | 66.37% | 3.45% |
SPOT Spotify Technology S.A. | -16.04% | 29.80% | 138.08% | 35.80% |
Correlation
The correlation between NFLY and SPOT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023 | 0.48 |
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Return for Risk
NFLY vs. SPOT — Risk / Return Rank
NFLY
SPOT
NFLY vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) and Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.92 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.59 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.03 | -0.31 |
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 | SPOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.60 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.33 | +0.31 |
Drawdowns
NFLY vs. SPOT - Drawdown Comparison
The maximum NFLY drawdown since its inception was -37.18%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for NFLY and SPOT.
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Drawdown Indicators
| NFLY | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -80.51% | +43.33% |
Max Drawdown (1Y)Largest decline over 1 year | -37.18% | -46.80% | +9.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -46.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.39% | — |
Current DrawdownCurrent decline from peak | -32.30% | -37.16% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -30.80% | +22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.55% | 26.48% | -5.93% |
Volatility
NFLY vs. SPOT - Volatility Comparison
The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 6.12%, while Spotify Technology S.A. (SPOT) has a volatility of 16.77%. This indicates that NFLY experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLY | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 16.77% | -10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 21.18% | 37.50% | -16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 45.43% | -17.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.32% | 47.62% | -19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.32% | 47.29% | -18.97% |
Dividends
NFLY vs. SPOT - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 58.24%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 58.24% | 61.53% | 49.91% | 11.84% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLY and SPOT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.77%) compared to NFLY (6.12%). In terms of maximum drawdown, NFLY dropped -37.18% vs SPOT's -80.51%.
SPOT currently has the higher Sharpe Ratio (-0.60 vs -1.00), 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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