NFLP vs. IVVW
NFLP (Kurv Yield Premium Strategy Netflix ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. NFLP is actively managed, while IVVW is passively managed. Over the past year, NFLP returned -37.65% vs 20.07% for IVVW. At a 0.37 correlation, their price movements are largely independent. NFLP charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
NFLP vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, NFLP achieves a -18.61% return, which is significantly lower than IVVW's 4.84% return.
NFLP
- 1D
- -2.43%
- 1M
- -12.31%
- YTD
- -18.61%
- 6M
- -25.81%
- 1Y
- -37.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- 1.90%
- YTD
- 4.84%
- 6M
- 6.58%
- 1Y
- 20.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLP vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFLP Kurv Yield Premium Strategy Netflix ETF | -18.61% | -1.54% | 29.65% |
IVVW iShares S&P 500 BuyWrite ETF | 4.84% | 11.71% | 12.90% |
Correlation
The correlation between NFLP and IVVW is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.37 |
Over the past year, the correlation between NFLP and IVVW has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
NFLP vs. IVVW — Risk / Return Rank
NFLP
IVVW
NFLP vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and iShares S&P 500 BuyWrite ETF (IVVW). 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.
| NFLP | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -5.42 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.61 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.47 | -4.34 |
| Martin ratioReturn relative to average drawdown | -1.54 | 19.13 | -20.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFLP | IVVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | 2.73 | -3.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.07 | -0.59 |
Drawdowns
NFLP vs. IVVW - Drawdown Comparison
The maximum NFLP drawdown since its inception was -43.48%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for NFLP and IVVW.
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Drawdown Indicators
| NFLP | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.48% | -16.79% | -26.69% |
Max Drawdown (1Y)Largest decline over 1 year | -43.48% | -5.81% | -37.67% |
Current DrawdownCurrent decline from peak | -41.92% | -0.09% | -41.83% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -1.75% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.52% | 1.05% | +23.47% |
Volatility
NFLP vs. IVVW - Volatility Comparison
Kurv Yield Premium Strategy Netflix ETF (NFLP) has a higher volatility of 8.15% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.13%. This indicates that NFLP's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLP | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 1.13% | +7.02% |
Volatility (6M)Calculated over the trailing 6-month period | 27.72% | 6.07% | +21.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.37% | 7.40% | +25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.88% | 12.66% | +16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 12.66% | +16.22% |
NFLP vs. IVVW - Expense Ratio Comparison
NFLP has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
NFLP vs. IVVW - Dividend Comparison
NFLP's dividend yield for the trailing twelve months is around 26.06%, more than IVVW's 19.70% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.70% | 18.55% | 13.72% | 0.00% |
NFLP Kurv Yield Premium Strategy Netflix ETF | 26.06% | 26.56% | 19.87% | 3.21% |
Frequently Asked Questions
NFLP and IVVW 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 (8.15%) compared to IVVW (1.13%). In terms of maximum drawdown, NFLP dropped -43.48% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 20.07% vs -37.65% for NFLP. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 20.07% return vs -37.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for NFLP.
NFLP has the higher dividend yield at 26.06%, compared with 19.70% for IVVW.
They also come from different issuers: Kurv and iShares. Their fees differ too: 0.99% for NFLP and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.73 vs -1.13), 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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