NFLW vs SPY
Roundhill NFLX WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NFLW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $7M | $821.1B | |
| Dividend Yield | 80.59% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -25.99% | +12.22% | |
| 1Y Return | -48.67% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 38.2% | 15.3% | |
| Max Drawdown | -61.5% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 18, 2025 | Jan 22, 1993 |
NFLW vs SPY Performance
Roundhill NFLX WeeklyPay ETF (NFLW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NFLW returned -48.67% while SPY returned +20.83%. Year to date, NFLW is down 25.99% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
NFLW has been the more volatile fund, with annualized monthly volatility of 38.2% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -61.5% for NFLW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NFLW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, NFLW currently yields 80.59% against 1.01% for SPY.
Holdings Overlap
NFLW and SPY share 1 holdings out of 505 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NFLW | Weight in SPY | Difference |
|---|---|---|---|
| NFLX | 12.84% | 0.47% | 12.37% |
Frequently Asked Questions
Which is cheaper, NFLW or SPY?
NFLW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, NFLW or SPY?
Over the past year NFLW returned -48.67% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), NFLW annualized -43.26% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NFLW or SPY?
NFLW has been the more volatile fund at 38.2% annualized versus 15.3% for SPY. Worst drawdown: NFLW -61.5% vs SPY -56.5%.
Should I hold both NFLW and SPY?
NFLW and SPY have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NFLW and SPY?
NFLW and SPY share 1 common holdings with a 0.5% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NFLW or SPY?
NFLW yields 80.59% while SPY yields 1.01%, so NFLW currently pays the higher dividend yield.
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