NFLY vs SPY
YieldMax NFLX Option Income Strategy 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 | NFLY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.09% | |
| AUM | $39M | $814.4B | |
| Dividend Yield | 64.79% | 1.01% | |
| Holdings | 12 | 505 | |
| YTD Return | -11.57% | +12.10% | |
| 1Y Return | -30.63% | +20.30% | |
| 3Y Return (annualized) | +14.56% | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | 26.9% | 15.3% | |
| Max Drawdown | -43.9% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 7, 2023 | Jan 22, 1993 |
NFLY vs SPY Performance
YieldMax NFLX Option Income Strategy ETF (NFLY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NFLY returned -30.63% while SPY returned +20.30%. Year to date, NFLY is down 11.57% versus a gain of 12.10% for SPY.
Over three years, NFLY compounded at +14.56% per year against +20.82% for SPY. Across the full 3-year window we track, NFLY has the edge at +14.38% annualized vs +8.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFLY has been the more volatile fund, with annualized monthly volatility of 26.9% 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 -43.9% for NFLY 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NFLY charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, NFLY currently yields 64.79% against 1.01% for SPY.
Holdings Overlap
NFLY and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NFLY or SPY?
NFLY has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, NFLY or SPY?
Over the past year NFLY returned -30.63% vs +20.30% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), NFLY annualized +14.38% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, NFLY or SPY?
NFLY has been the more volatile fund at 26.9% annualized versus 15.3% for SPY. Worst drawdown: NFLY -43.9% vs SPY -56.5%.
Should I hold both NFLY and SPY?
NFLY and SPY have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NFLY and SPY?
NFLY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, NFLY or SPY?
NFLY yields 64.79% while SPY yields 1.01%, so NFLY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.