SPYI vs. NFLX
SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos, while NFLX (Netflix, Inc.) is a stock. Over the past 3 years, SPYI returned 15.90%/yr vs 23.65%/yr for NFLX. At a 0.44 correlation, their price movements are largely independent.
Performance
SPYI vs. NFLX - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI achieves a 7.94% return, which is significantly higher than NFLX's -12.89% return.
SPYI
- 1D
- 1.53%
- 1M
- 1.73%
- YTD
- 7.94%
- 6M
- 8.71%
- 1Y
- 22.69%
- 3Y*
- 15.90%
- 5Y*
- —
- 10Y*
- —
NFLX
- 1D
- 1.66%
- 1M
- -6.15%
- YTD
- -12.89%
- 6M
- -12.90%
- 1Y
- -32.62%
- 3Y*
- 23.65%
- 5Y*
- 10.65%
- 10Y*
- 24.08%
SPYI vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 7.94% | 16.67% | 19.03% | 18.09% | -3.96% |
NFLX Netflix, Inc. | -12.89% | 5.19% | 83.07% | 65.11% | 31.31% |
Correlation
The correlation between SPYI and NFLX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.44 |
Over the past year, the correlation between SPYI and NFLX has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SPYI vs. NFLX — Risk / Return Rank
SPYI
NFLX
SPYI vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and Netflix, Inc. (NFLX). 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.
| SPYI | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.23 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.82 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.76 | +3.71 |
| Martin ratioReturn relative to average drawdown | 14.87 | -1.29 | +16.16 |
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Drawdowns
SPYI vs. NFLX - Drawdown Comparison
The maximum SPYI drawdown since its inception was -16.47%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for SPYI and NFLX.
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Drawdown Indicators
| SPYI | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -81.99% | +65.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -43.35% | +35.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -43.35% | +26.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.95% | — |
Current DrawdownCurrent decline from peak | -0.30% | -39.01% | +38.71% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -24.91% | +23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 25.31% | -23.78% |
Volatility
SPYI vs. NFLX - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 3.89%, while Netflix, Inc. (NFLX) has a volatility of 6.19%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYI | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 6.19% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 24.59% | -16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 33.16% | -22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 43.10% | -30.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 41.51% | -28.50% |
Dividends
SPYI vs. NFLX - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.62%, while NFLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.62% | 11.70% | 12.04% | 12.01% | 4.10% |
Frequently Asked Questions
SPYI and NFLX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLX has higher volatility (6.19%) compared to SPYI (3.89%). In terms of maximum drawdown, SPYI dropped -16.47% vs NFLX's -81.99%.
SPYI currently has the higher Sharpe Ratio (2.24 vs -0.99), 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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