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 -34.80% vs -32.52% for SPOT. At a 0.49 correlation, their price movements are largely independent.
Performance
NFLY vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFLY achieves a -17.04% return, which is significantly higher than SPOT's -18.02% return.
NFLY
- 1D
- 1.02%
- 1M
- -6.93%
- 6M
- -12.86%
- YTD
- -17.04%
- 1Y
- -34.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- -1.92%
- 1M
- 1.33%
- 6M
- -6.29%
- YTD
- -18.02%
- 1Y
- -32.52%
- 3Y*
- 38.51%
- 5Y*
- 14.37%
- 10Y*
- —
NFLY vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | -17.04% | 1.66% | 66.37% | 3.80% |
SPOT Spotify Technology S.A. | -18.02% | 29.80% | 138.08% | 32.34% |
Correlation
The correlation between NFLY and SPOT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.89 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.74 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.64 | -1.23 | -0.40 |
Loading charts...
Drawdowns
NFLY vs. SPOT - Drawdown Comparison
The maximum NFLY drawdown since its inception was -39.68%, 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.
Loading charts...
Drawdown Indicators
| NFLY | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.68% | -80.51% | +40.83% |
Max Drawdown (1Y)Largest decline over 1 year | -37.23% | -44.11% | +6.88% |
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 | -38.39% | -38.64% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -30.96% | +21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.29% | 26.40% | -5.11% |
Volatility
NFLY vs. SPOT - Volatility Comparison
YieldMax NFLX Option Income Strategy ETF (NFLY) and Spotify Technology S.A. (SPOT) have volatilities of 9.37% and 9.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NFLY | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 9.39% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 22.10% | 37.40% | -15.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.62% | 44.99% | -16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.31% | 47.59% | -19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 47.22% | -18.91% |
Dividends
NFLY vs. SPOT - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 65.80%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 65.80% | 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 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (9.39%) compared to NFLY (9.37%). In terms of maximum drawdown, NFLY dropped -39.68% vs SPOT's -80.51%.
SPOT currently has the higher Sharpe Ratio (-0.73 vs -1.22), 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.
Find the right allocation for NFLY and SPOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer