NFLP vs. AIRR
NFLP (Kurv Yield Premium Strategy Netflix ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - NFLP is a Derivative Income fund actively managed by Kurv, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. NFLP is actively managed, while AIRR is passively managed. Over the past year, NFLP returned -39.95% vs 38.88% for AIRR. Their 0.12 correlation means their historical movements had little consistent relationship. NFLP charges 0.99%/yr vs 0.69%/yr for AIRR.
Performance
NFLP vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, NFLP achieves a -27.75% return, which is significantly lower than AIRR's 24.22% return.
NFLP
- 1D
- 0.94%
- 1M
- -3.13%
- 6M
- -14.10%
- YTD
- -27.75%
- 1Y
- -39.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.12%
AIRR
- 1D
- -0.49%
- 1M
- -3.87%
- 6M
- 7.53%
- YTD
- 24.22%
- 1Y
- 38.88%
- 3Y*
- 31.68%
- 5Y*
- 24.17%
- 10Y*
- 20.35%
- ALL TIME*
- 15.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.35M | $87.77M | $90.71M | |
| $58.87K | $70.72K | $78.98K |
NFLP vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLP Kurv Yield Premium Strategy Netflix ETF | -27.75% | -1.54% | 53.24% | 13.91% |
AIRR First Trust RBA American Industrial Renaissance ETF | 24.22% | 27.92% | 33.45% | 22.27% |
Correlation
The correlation between NFLP and AIRR is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.12 |
The correlation between NFLP and AIRR shifts across timeframes, from -0.16 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLP vs. AIRR — Risk / Return Rank
NFLP
AIRR
NFLP vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFLP | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.24 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.27 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.42 | 8.52 | -9.94 |
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Drawdowns
NFLP vs. AIRR - Drawdown Comparison
The maximum NFLP drawdown since its inception was -53.43%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for NFLP and AIRR.
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Drawdown Indicators
| NFLP | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.43% | -42.37% | -11.06% |
Max Drawdown (1Y)Largest decline over 1 year | -50.83% | -17.18% | -33.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -48.44% | -8.40% | -40.04% |
Average DrawdownAverage peak-to-trough decline | -12.07% | -7.47% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.16% | 4.57% | +23.59% |
Volatility
NFLP vs. AIRR - Volatility Comparison
Kurv Yield Premium Strategy Netflix ETF (NFLP) has a higher volatility of 10.83% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.94%. This indicates that NFLP's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLP | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 9.94% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 30.08% | 22.27% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.85% | 28.13% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.67% | 25.74% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 26.49% | +3.18% |
NFLP vs. AIRR - Expense Ratio Comparison
NFLP has a 0.99% expense ratio, which is higher than AIRR's 0.69% expense ratio.
Dividends
NFLP vs. AIRR - Dividend Comparison
NFLP's dividend yield for the trailing twelve months is around 27.22%, more than AIRR's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.09% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
NFLP Kurv Yield Premium Strategy Netflix ETF | 27.22% | 26.56% | 19.87% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLP and AIRR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLP has higher volatility (10.83%) compared to AIRR (9.94%). In terms of maximum drawdown, NFLP dropped -53.43% vs AIRR's -42.37%.
On 1-year performance, AIRR leads with 38.88% vs -39.95% for NFLP. On fees, AIRR is cheaper at 0.69% per year. On volatility, AIRR has been the lower-risk option at 9.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIRR has performed better with a 38.88% return vs -39.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIRR is cheaper with a 0.69% expense ratio, compared with 0.99% for NFLP.
NFLP has the higher dividend yield at 27.22%, compared with 0.09% for AIRR.
NFLP is categorized as Derivative Income, while AIRR is Building & Construction. They also come from different issuers: Kurv and First Trust. Their fees differ too: 0.99% for NFLP and 0.69% for AIRR.
AIRR currently has the higher Sharpe Ratio (1.39 vs -1.12), 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.
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