TROX vs. NFLY

Last updated Jun 4, 2026

TROX (Tronox Holdings plc) is a stock, while NFLY (YieldMax NFLX Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, TROX returned 49.23% vs -27.58% for NFLY. At a 0.06 correlation, their price movements are largely independent.

Performance

TROX vs. NFLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tronox Holdings plc (TROX) and YieldMax NFLX Option Income Strategy ETF (NFLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TROX achieves a 96.06% return, which is significantly higher than NFLY's -8.84% return.

TROX

• 1D: -5.28%
• 1M: -18.84%
• YTD: 96.06%
• 6M: 107.50%
• 1Y: 49.23%
• 3Y*: -8.06%
• 5Y*: -16.31%
• 10Y*: 7.48%

NFLY

• 1D: -1.96%
• 1M: -7.89%
• YTD: -8.84%
• 6M: -15.99%
• 1Y: -27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TROX vs. NFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TROX Tronox Holdings plc	96.06%	-55.57%	-26.44%	9.78%
NFLY YieldMax NFLX Option Income Strategy ETF	-8.84%	1.66%	66.37%	3.45%

Correlation

The correlation between TROX and NFLY is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Aug 9, 2023	0.06

The correlation between TROX and NFLY shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TROX vs. NFLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TROX

TROX Risk / Return Rank: 61
TROX Sharpe Ratio Rank: 59
TROX Sortino Ratio Rank: 61
TROX Omega Ratio Rank: 62
TROX Calmar Ratio Rank: 61
TROX Martin Ratio Rank: 60

NFLY

NFLY Risk / Return Rank: 2
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 2
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TROX vs. NFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tronox Holdings plc (TROX) 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.

	TROX	NFLY	Difference
Sharpe ratio Return per unit of total volatility	0.56	-1.00	+1.56
Sortino ratio Return per unit of downside risk	1.34	-1.38	+2.73
Omega ratio Gain probability vs. loss probability	1.18	0.82	+0.36
Calmar ratio Return relative to maximum drawdown	0.96	-0.74	+1.71
Martin ratio Return relative to average drawdown	1.98	-1.34	+3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TROX vs. NFLY - Sharpe Ratio Comparison

The current TROX Sharpe Ratio is 0.56, which is higher than the NFLY Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of TROX and NFLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TROX	NFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	-1.00	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.64	-0.65

Drawdowns

TROX vs. NFLY - Drawdown Comparison

The maximum TROX drawdown since its inception was -90.10%, which is greater than NFLY's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for TROX and NFLY.

Drawdown Indicators

	TROX	NFLY	Difference
Max Drawdown Largest peak-to-trough decline	-90.10%	-37.18%	-52.92%
Max Drawdown (1Y) Largest decline over 1 year	-51.47%	-37.18%	-14.29%
Max Drawdown (3Y) Largest decline over 3 years	-84.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-86.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.87%	—	—
Current Drawdown Current decline from peak	-62.72%	-32.30%	-30.42%
Average Drawdown Average peak-to-trough decline	-44.28%	-8.51%	-35.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.94%	20.55%	+4.39%

Volatility

TROX vs. NFLY - Volatility Comparison

Tronox Holdings plc (TROX) has a higher volatility of 26.55% compared to YieldMax NFLX Option Income Strategy ETF (NFLY) at 6.12%. This indicates that TROX'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.

Volatility by Period

	TROX	NFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.55%	6.12%	+20.43%
Volatility (6M) Calculated over the trailing 6-month period	58.21%	21.18%	+37.03%
Volatility (1Y) Calculated over the trailing 1-year period	89.25%	27.67%	+61.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.64%	28.32%	+32.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.31%	28.32%	+35.99%

Dividends

TROX vs. NFLY - Dividend Comparison

TROX's dividend yield for the trailing twelve months is around 2.48%, less than NFLY's 58.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLY YieldMax NFLX Option Income Strategy ETF	58.24%	61.53%	49.91%	11.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TROX Tronox Holdings plc	2.48%	8.39%	4.97%	3.53%	3.65%	1.50%	1.92%	1.58%	2.31%	0.88%	3.73%	25.58%

Frequently Asked Questions

Can I hold both TROX and NFLY in my portfolio?

TROX and NFLY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TROX or NFLY?

TROX has higher volatility (26.55%) compared to NFLY (6.12%). In terms of maximum drawdown, TROX dropped -90.10% vs NFLY's -37.18%.

Which has better risk-adjusted returns?

TROX currently has the higher Sharpe Ratio (0.56 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.