YieldMax NFLX Option Income Strategy ETF (NFLY) Performance
NFLY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −26.2% since Dec 31, 2025
- 1 year
- −36.3% total return
- 3 years
- +11.6% a year
- Since first price
- +8.3% a year since 2023
NFLY trailing returns vs SPY, QQQ, AGG
| Period | NFLY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.6% | −8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −11.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −25.7% | −37.2% | +7.8% | +8.4% | −1.5% |
| YTD | −26.2% | −46.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −36.3% | −56.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +39.1%+11.6%/yr | −63.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 8, 2023 | +29.2%+8.3%/yr | −67.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NFLY vs SPY
From Aug 8, 2023: NFLY grew to $12,920, SPY to $17,622.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NFLY returns by calendar year
2 of 2 full years positive. Best 2024 (+66.4%), worst 2025 (+1.7%). 2026 is year to date.
NFLY annual returns table
| Year | NFLY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −26.2% | −35.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +1.7% | −27.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +66.4% | −9.8% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NFLY largest drawdowns
Now 45.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2025 | −46.1% | Oct 21, 2026 | not yet | 1.3 years | 1.3 years so far |
| Sep 6, 2023 | −21.4% | Oct 18, 2023 | Nov 20, 2023 | 42 days | 2 months |
| Feb 14, 2025 | −16.1% | Apr 4, 2025 | Apr 22, 2025 | 49 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NFLY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +16.4% | +10.0% |
| Volatility (annualized) | 26.6% | 27.9% |
| Sharpe ratio | 0.54 | 0.32 |
| Sortino ratio | 0.86 | 0.48 |
| Best month | +16.4% | +16.4% |
| Worst month | −14.0% | −14.9% |
| Best 12 months | +78.6% | +78.6% |
| Worst 12 months | −39.5% | −39.5% |
| Positive months | 56% | 54% |
| Beta vs S&P 500 | 0.47 | — |
| Correlation with S&P 500 | 0.22 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NFLY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 27 | −39.5% | +38.1% | +78.6% | 67% |
| 3-year (a year) | 3 | +11.1% | +14.9% | +16.4% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NFLY performance overview
YieldMax NFLX Option Income Strategy ETF (NFLY) returned −36.3% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +8.3% a year, turning $10,000 into about $12,920. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −46.1%, from Jun 30, 2025 to Oct 21, 2026; the fund has not yet regained that high. Volatility has been 27.9% a year.
Related: NFLY chart, NFLY dividends. See the NFLY overview for the latest quote and fund facts.
NFLY performance FAQ
What is the NFLY return over the past year?
NFLY returned −36.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 56.8%.
How much would $10,000 invested in NFLY be worth?
$10,000 invested in NFLY at its first recorded close on August 8, 2023 would be worth about $12,920 on October 23, 2026 with distributions reinvested.
What was the worst year for NFLY?
The worst calendar year was 2025, with a total return of +1.7%. The best was 2024 at +66.4%.
What is the biggest drawdown of NFLY?
The largest peak-to-trough decline was −46.1% between June 30, 2025 and October 21, 2026. It has not yet recovered to that high; it is 45.2% below its peak.
How volatile is NFLY?
Over the past 3 years NFLY had an annualized volatility of 26.6% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).