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 -27.35% vs -27.58% for NFLY. At a 0.48 correlation, their price movements are largely independent.
Performance
SPOT vs. NFLY - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -16.04% return, which is significantly lower than NFLY's -8.84% return.
SPOT
- 1D
- -2.78%
- 1M
- 11.24%
- YTD
- -16.04%
- 6M
- -12.50%
- 1Y
- -27.35%
- 3Y*
- 47.56%
- 5Y*
- 15.60%
- 10Y*
- —
NFLY
- 1D
- -1.96%
- 1M
- -7.89%
- YTD
- -8.84%
- 6M
- -15.99%
- 1Y
- -27.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT vs. NFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPOT Spotify Technology S.A. | -16.04% | 29.80% | 138.08% | 35.80% |
NFLY YieldMax NFLX Option Income Strategy ETF | -8.84% | 1.66% | 66.37% | 3.45% |
Correlation
The correlation between SPOT and NFLY 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
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.
| SPOT | NFLY | 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 | 0.92 | 0.82 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.74 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.34 | +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
| SPOT | NFLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | -1.00 | +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 | 0.33 | 0.64 | -0.31 |
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 -37.18%. 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% | -37.18% | -43.33% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -37.18% | -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 | -37.16% | -32.30% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -30.80% | -8.51% | -22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.48% | 20.55% | +5.93% |
Volatility
SPOT vs. NFLY - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.77% compared to YieldMax NFLX Option Income Strategy ETF (NFLY) at 6.12%. 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 | 16.77% | 6.12% | +10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 37.50% | 21.18% | +16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.43% | 27.67% | +17.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 28.32% | +19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.29% | 28.32% | +18.97% |
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 58.24%.
| 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
SPOT and NFLY 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, SPOT dropped -80.51% vs NFLY's -37.18%.
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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