SPOT vs. NFLY
SPOT (Spotify Technology S.A.) is a stock, while NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, SPOT returned -20.28% vs -32.79% for NFLY. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
SPOT vs. NFLY - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -13.91% return, which is significantly higher than NFLY's -19.50% return.
SPOT
- 1D
- -4.34%
- 1M
- 2.87%
- 6M
- -0.08%
- YTD
- -13.91%
- 1Y
- -20.28%
- 3Y*
- 49.10%
- 5Y*
- 16.93%
- 10Y*
- —
- ALL TIME*
- 14.17%
NFLY
- 1D
- 0.13%
- 1M
- -6.88%
- 6M
- -13.08%
- YTD
- -19.50%
- 1Y
- -32.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $416.46K | $523.86K | $744.62K | |
| $931.26M | $810.43M | $959.57M |
SPOT vs. NFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPOT Spotify Technology S.A. | -13.91% | 29.80% | 138.08% | 32.34% |
NFLY YieldMax NFLX Option Income Strategy ETF | -19.50% | 1.66% | 66.37% | 3.80% |
Correlation
The correlation between SPOT and NFLY is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.48 |
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Return for Risk
SPOT vs. NFLY — Risk / Return Rank
SPOT
NFLY
SPOT vs. NFLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) 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.
| SPOT | NFLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.79 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.80 | +0.34 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.47 | +0.72 |
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Drawdowns
SPOT vs. NFLY - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than NFLY's maximum drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for SPOT and NFLY.
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Drawdown Indicators
| SPOT | NFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -43.49% | -37.02% |
Max Drawdown (1Y)Largest decline over 1 year | -44.11% | -40.74% | -3.37% |
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 | -35.57% | -40.22% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -30.98% | -10.05% | -20.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.21% | 22.25% | +4.96% |
Volatility
SPOT vs. NFLY - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 10.13% compared to YieldMax NFLX Option Income Strategy ETF (NFLY) at 8.42%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier 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
| SPOT | NFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 8.42% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 38.00% | 22.71% | +15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 28.74% | +14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 28.38% | +19.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.19% | 28.38% | +18.81% |
Dividends
SPOT vs. NFLY - Dividend Comparison
SPOT has not paid dividends to shareholders, while NFLY's dividend yield for the trailing twelve months is around 64.16%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 64.16% | 61.53% | 49.91% | 11.84% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOT and NFLY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (10.13%) compared to NFLY (8.42%). In terms of maximum drawdown, SPOT dropped -80.51% vs NFLY's -43.49%.
SPOT currently has the higher Sharpe Ratio (-0.47 vs -1.14), 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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