Correlation
The correlation between SNOY and NFLY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SNOY vs. NFLY
Compare and contrast key facts about YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax NFLX Option Income Strategy ETF (NFLY).
SNOY and NFLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNOY is an actively managed fund by YieldMax. It was launched on Jun 10, 2024. NFLY is an actively managed fund by YieldMax. It was launched on Aug 7, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNOY or NFLY.
Performance
SNOY vs. NFLY - Performance Comparison
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Key characteristics
SNOY:
46.50%
NFLY:
26.80%
SNOY:
-26.18%
NFLY:
-21.45%
SNOY:
-0.58%
NFLY:
-0.03%
Returns By Period
The year-to-date returns for both investments are quite close, with SNOY having a 25.84% return and NFLY slightly higher at 26.92%.
SNOY
25.84%
19.93%
12.53%
N/A
N/A
N/A
N/A
NFLY
26.92%
5.71%
27.31%
71.25%
N/A
N/A
N/A
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SNOY vs. NFLY - Expense Ratio Comparison
Both SNOY and NFLY have an expense ratio of 0.99%.
Risk-Adjusted Performance
SNOY vs. NFLY — Risk-Adjusted Performance Rank
SNOY
NFLY
SNOY vs. NFLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SNOW Option Income Strategy ETF (SNOY) 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.
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Dividends
SNOY vs. NFLY - Dividend Comparison
SNOY's dividend yield for the trailing twelve months is around 60.38%, more than NFLY's 48.17% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SNOY YieldMax SNOW Option Income Strategy ETF | 60.38% | 33.32% | 0.00% |
NFLY YieldMax NFLX Option Income Strategy ETF | 48.17% | 49.91% | 11.84% |
Drawdowns
SNOY vs. NFLY - Drawdown Comparison
The maximum SNOY drawdown since its inception was -26.18%, which is greater than NFLY's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for SNOY and NFLY.
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Volatility
SNOY vs. NFLY - Volatility Comparison
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