SPYH.DE vs. NFLY
SPYH.DE (State Street SPDR MSCI Europe Health Care UCITS ETF) and NFLY (YieldMax NFLX Option Income Strategy ETF) are both exchange-traded funds - SPYH.DE is a Health & Biotech Equities fund tracking the MSCI Europe Health Care 35/20 Capped Index, while NFLY is a Derivative Income fund actively managed by YieldMax. SPYH.DE is passively managed, while NFLY is actively managed. Over the past year, SPYH.DE returned 16.39% vs -35.87% for NFLY. At a 0.03 correlation, their price movements are largely independent. SPYH.DE charges 0.18%/yr vs 0.99%/yr for NFLY.
Performance
SPYH.DE vs. NFLY - Performance Comparison
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Different Trading Currencies
SPYH.DE is traded in EUR, while NFLY is traded in USD. To make them comparable, the NFLY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYH.DE achieves a 3.28% return, which is significantly higher than NFLY's -16.05% return.
SPYH.DE
- 1D
- 1.55%
- 1M
- 4.04%
- YTD
- 3.28%
- 6M
- 3.42%
- 1Y
- 16.39%
- 3Y*
- 5.66%
- 5Y*
- 5.89%
- 10Y*
- 7.26%
NFLY
- 1D
- -1.06%
- 1M
- -14.24%
- YTD
- -16.05%
- 6M
- -15.52%
- 1Y
- -35.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYH.DE vs. NFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 3.28% | 7.82% | 3.98% | 1.89% |
NFLY YieldMax NFLX Option Income Strategy ETF | -16.05% | -10.41% | 77.35% | 3.03% |
Correlation
The correlation between SPYH.DE and NFLY is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.03 |
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Return for Risk
SPYH.DE vs. NFLY — Risk / Return Rank
SPYH.DE
NFLY
SPYH.DE vs. NFLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) 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.
| SPYH.DE | NFLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.77 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.96 | +2.25 |
| Martin ratioReturn relative to average drawdown | 2.95 | -1.67 | +4.62 |
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Drawdowns
SPYH.DE vs. NFLY - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum NFLY drawdown of -37.59%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and NFLY.
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Drawdown Indicators
| SPYH.DE | NFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -37.59% | +10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -37.59% | +25.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | — | — |
Current DrawdownCurrent decline from peak | -5.94% | -37.47% | +31.53% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -8.95% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 21.56% | -16.02% |
Volatility
SPYH.DE vs. NFLY - Volatility Comparison
The current volatility for State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) is 6.37%, while YieldMax NFLX Option Income Strategy ETF (NFLY) has a volatility of 6.78%. This indicates that SPYH.DE 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
| SPYH.DE | NFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 6.78% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 21.28% | -8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 28.98% | -11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 28.63% | -12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 28.63% | -12.80% |
SPYH.DE vs. NFLY - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than NFLY's 0.99% expense ratio.
Dividends
SPYH.DE vs. NFLY - Dividend Comparison
SPYH.DE has not paid dividends to shareholders, while NFLY's dividend yield for the trailing twelve months is around 69.80%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 69.80% | 61.53% | 49.91% | 11.84% |
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYH.DE and NFLY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.99% for NFLY.
SPYH.DE is categorized as Health & Biotech Equities, while NFLY is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.18% for SPYH.DE and 0.99% for NFLY.
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