NXG.AX vs. NFLY
NXG.AX (NexGen Energy Ltd.) is a stock, while NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, NXG.AX returned 18.29% vs -42.74% for NFLY. At a correlation of -0.00, they often move in opposite directions.
Performance
NXG.AX vs. NFLY - Performance Comparison
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Different Trading Currencies
NXG.AX is traded in AUD, while NFLY is traded in USD. To make them comparable, the NFLY values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NXG.AX achieves a -11.29% return, which is significantly higher than NFLY's -27.51% return.
NXG.AX
- 1D
- -0.72%
- 1M
- -15.11%
- 6M
- -28.87%
- YTD
- -11.29%
- 1Y
- 18.29%
- 3Y*
- 21.00%
- 5Y*
- 17.91%
- 10Y*
- —
- ALL TIME*
- 14.93%
NFLY
- 1D
- -3.41%
- 1M
- -13.31%
- 6M
- -23.81%
- YTD
- -27.51%
- 1Y
- -42.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.80%
NXG.AX vs. NFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXG.AX NexGen Energy Ltd. | -11.29% | 29.51% | 7.46% | 38.57% |
NFLY YieldMax NFLX Option Income Strategy ETF | -27.51% | -5.72% | 83.11% | -0.28% |
Correlation
The correlation between NXG.AX and NFLY is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | -0.00 |
The correlation between NXG.AX and NFLY shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NXG.AX vs. NFLY — Risk / Return Rank
NXG.AX
NFLY
NXG.AX vs. NFLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXG.AX) and YieldMax NFLX Option Income Strategy ETF (NFLY). 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.
| NXG.AX | NFLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.73 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | -0.96 | +1.38 |
| Martin ratioReturn relative to average drawdown | 1.03 | -1.76 | +2.79 |
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Drawdowns
NXG.AX vs. NFLY - Drawdown Comparison
The maximum NXG.AX drawdown since its inception was -51.60%, which is greater than NFLY's maximum drawdown of -46.92%. Use the drawdown chart below to compare losses from any high point for NXG.AX and NFLY.
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Drawdown Indicators
| NXG.AX | NFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.60% | -46.92% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -36.37% | -44.52% | +8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -51.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.60% | — | — |
Current DrawdownCurrent decline from peak | -36.37% | -46.92% | +10.55% |
Average DrawdownAverage peak-to-trough decline | -20.10% | -10.40% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.66% | 24.36% | -9.70% |
Volatility
NXG.AX vs. NFLY - Volatility Comparison
The current volatility for NexGen Energy Ltd. (NXG.AX) is 10.43%, while YieldMax NFLX Option Income Strategy ETF (NFLY) has a volatility of 11.13%. This indicates that NXG.AX experiences smaller price fluctuations and is considered to be less risky than NFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXG.AX | NFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 11.13% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 37.31% | 23.95% | +13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.29% | 30.07% | +21.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.18% | 28.53% | +26.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.39% | 28.53% | +26.86% |
Dividends
NXG.AX vs. NFLY - Dividend Comparison
NXG.AX has not paid dividends to shareholders, while NFLY's dividend yield for the trailing twelve months is around 71.74%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 71.74% | 61.53% | 49.91% | 11.84% |
NXG.AX NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NXG.AX and NFLY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NXG.AX and NFLY
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