BNOV vs NFLY
Innovator US Equity Buffer ETF - November vs YieldMax NFLX Option Income Strategy ETF
Which is better, BNOV or NFLY?
Each has led over a different period.
BNOV has a lower expense ratio. BNOV led over 1Y and the full window, NFLY over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNOV | NFLY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.01% |
| AUM | $201M | $34M |
| Dividend Yield | 0.00% | 64.35% |
| Holdings | 18 | 22 |
| YTD Return | +11.13%Best | -21.81% |
| 1Y Return | +13.58%Best | -38.72% |
| 3Y Return (annualized) | +13.95% | +17.49%Best |
| 5Y Return (annualized) | +8.95% | - |
| Volatility (annualized) | 8.7%Best | 27.5% |
| Max Drawdown | -13.7%Best | -45.1% |
| $10,000 over 3.2 years | $14,412Best | $13,370 |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2019 | Aug 7, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 8, 2023 to Oct 14, 2026 (3.2 years).
BNOV vs NFLY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
BNOV vs NFLY Performance
Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust and YieldMax NFLX Option Income Strategy ETF (NFLY) is an ETF from YieldMax ETF. Over the past year BNOV returned +13.58% while NFLY returned -38.72%. Year to date, BNOV is up 11.13% versus a loss of 21.81% for NFLY.
Over three years, BNOV compounded at +13.95% per year against +17.49% for NFLY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFLY has been the more volatile fund, with annualized monthly volatility of 27.5% compared with 8.7% for BNOV. 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 -13.7% for BNOV and -45.1% for NFLY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.27. They move largely independently of each other.
Fees and Cost Over Time
BNOV charges 0.79% per year while NFLY charges 1.01%. On a $10,000 position that is $79 vs $101 annually, a gap of $22 per year that compounds over a long holding period. On income, BNOV currently yields 0.00% against 64.35% for NFLY.
You are not choosing between two funds in isolation.
Whichever of BNOV and NFLY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNOV or NFLY?
BNOV has an expense ratio of 0.79% while NFLY charges 1.01%. BNOV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, BNOV or NFLY?
Over the past year BNOV returned +13.58% vs -38.72% for NFLY, so BNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNOV or NFLY?
NFLY has been the more volatile fund at 27.5% annualized versus 8.7% for BNOV. Worst drawdown: BNOV -13.7% vs NFLY -45.1%.
Should I hold both BNOV and NFLY?
BNOV and NFLY have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BNOV or NFLY?
BNOV yields 0.00% while NFLY yields 64.35%, so NFLY currently pays the higher dividend yield.
Is NFLY better than BNOV?
BNOV has a lower expense ratio. BNOV led over 1Y and the full window, NFLY over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.