NFLP vs. NFLY

Last updated Jun 3, 2026

NFLP (Kurv Yield Premium Strategy Netflix ETF) and NFLY (YieldMax NFLX Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLP returned -36.11% vs -26.13% for NFLY. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.

Performance

NFLP vs. NFLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Netflix ETF (NFLP) and YieldMax NFLX Option Income Strategy ETF (NFLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFLP achieves a -16.59% return, which is significantly lower than NFLY's -7.02% return.

NFLP

• 1D: -3.36%
• 1M: -11.40%
• YTD: -16.59%
• 6M: -27.80%
• 1Y: -36.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFLY

• 1D: -2.44%
• 1M: -6.88%
• YTD: -7.02%
• 6M: -17.50%
• 1Y: -26.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NFLP vs. NFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	-16.59%	-1.54%	53.24%	13.96%
NFLY YieldMax NFLX Option Income Strategy ETF	-7.02%	1.66%	66.37%	12.86%

Correlation

The correlation between NFLP and NFLY is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023	0.89

The correlation between NFLP and NFLY has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

NFLP vs. NFLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFLP

NFLP Risk / Return Rank: 1
NFLP Sharpe Ratio Rank: 1
NFLP Sortino Ratio Rank: 1
NFLP Omega Ratio Rank: 1
NFLP Calmar Ratio Rank: 2
NFLP Martin Ratio Rank: 1

NFLY

NFLY Risk / Return Rank: 2
NFLY Sharpe Ratio Rank: 1
NFLY Sortino Ratio Rank: 2
NFLY Omega Ratio Rank: 1
NFLY Calmar Ratio Rank: 3
NFLY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFLP vs. NFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and YieldMax NFLX Option Income Strategy ETF (NFLY). 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	NFLY	Difference
Sharpe ratio Return per unit of total volatility	-1.09	-0.95	-0.14
Sortino ratio Return per unit of downside risk	-1.57	-1.29	-0.27
Omega ratio Gain probability vs. loss probability	0.80	0.83	-0.03
Calmar ratio Return relative to maximum drawdown	-0.82	-0.69	-0.13
Martin ratio Return relative to average drawdown	-1.46	-1.25	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLP vs. NFLY - Sharpe Ratio Comparison

The current NFLP Sharpe Ratio is -1.09, which is comparable to the NFLY Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of NFLP and NFLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NFLP	NFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.09	-0.95	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.67	-0.15

Drawdowns

NFLP vs. NFLY - Drawdown Comparison

The maximum NFLP drawdown since its inception was -43.48%, which is greater than NFLY's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for NFLP and NFLY.

Drawdown Indicators

	NFLP	NFLY	Difference
Max Drawdown Largest peak-to-trough decline	-43.48%	-37.18%	-6.30%
Max Drawdown (1Y) Largest decline over 1 year	-43.48%	-37.18%	-6.30%
Current Drawdown Current decline from peak	-40.47%	-30.95%	-9.52%
Average Drawdown Average peak-to-trough decline	-9.68%	-8.47%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.38%	20.45%	+3.93%

Volatility

NFLP vs. NFLY - Volatility Comparison

Kurv Yield Premium Strategy Netflix ETF (NFLP) has a higher volatility of 7.97% compared to YieldMax NFLX Option Income Strategy ETF (NFLY) at 5.92%. This indicates that NFLP's price experiences larger fluctuations and is considered to be riskier than NFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLP	NFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	5.92%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	27.69%	21.11%	+6.58%
Volatility (1Y) Calculated over the trailing 1-year period	33.31%	27.62%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.86%	28.31%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.86%	28.31%	+0.55%

NFLP vs. NFLY - Expense Ratio Comparison

Both NFLP and NFLY have an expense ratio of 0.99%.

Dividends

NFLP vs. NFLY - Dividend Comparison

NFLP's dividend yield for the trailing twelve months is around 25.43%, less than NFLY's 57.09% yield.

Position	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	25.43%	26.56%	19.87%	3.21%
NFLY YieldMax NFLX Option Income Strategy ETF	57.09%	61.53%	49.91%	11.84%

Frequently Asked Questions

Can I hold both NFLP and NFLY in my portfolio?

With a correlation of 0.92, NFLP and NFLY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NFLP or NFLY?

NFLP has higher volatility (7.97%) compared to NFLY (5.92%). In terms of maximum drawdown, NFLP dropped -43.48% vs NFLY's -37.18%.

Which ETF is better, NFLP or NFLY?

On 1-year performance, NFLY leads with -26.13% vs -36.11% for NFLP. Both ETFs have the same 0.99% expense ratio. On volatility, NFLY has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLP or NFLY?

Over the 1-year period, NFLY has performed better with a -26.13% return vs -36.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLP or NFLY?

NFLP and NFLY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, NFLP or NFLY?

NFLY has the higher dividend yield at 57.09%, compared with 25.43% for NFLP.

What is the main difference between NFLP and NFLY?

They also come from different issuers: Kurv and YieldMax.

Which has better risk-adjusted returns?

NFLY currently has the higher Sharpe Ratio (-0.95 vs -1.09), 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.