NFLP vs. TSLP

Last updated Jun 24, 2026

NFLP (Kurv Yield Premium Strategy Netflix ETF) and TSLP (Kurv Yield Premium Strategy Tesla ETF) are both Derivative Income funds from Kurv. Both are actively managed. Over the past year, NFLP returned -46.94% vs 1.58% for TSLP. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

NFLP vs. TSLP - Performance Comparison

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

Returns By Period

In the year-to-date period, NFLP achieves a -28.54% return, which is significantly lower than TSLP's -18.90% return.

NFLP

• 1D: 0.12%
• 1M: -20.07%
• YTD: -28.54%
• 6M: -27.91%
• 1Y: -46.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLP

• 1D: -6.26%
• 1M: -11.44%
• YTD: -18.90%
• 6M: -24.71%
• 1Y: 1.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLP vs. TSLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	-28.54%	-1.54%	53.24%	13.91%
TSLP Kurv Yield Premium Strategy Tesla ETF	-18.90%	9.77%	41.53%	18.37%

Correlation

The correlation between NFLP and TSLP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.25

The correlation between NFLP and TSLP shifts across timeframes, from 0.08 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NFLP vs. TSLP — Risk / Return Rank

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

NFLP

NFLP Risk / Return Rank: 0
NFLP Sharpe Ratio Rank: 0
NFLP Sortino Ratio Rank: 0
NFLP Omega Ratio Rank: 0
NFLP Calmar Ratio Rank: 1
NFLP Martin Ratio Rank: 0

TSLP

TSLP Risk / Return Rank: 9
TSLP Sharpe Ratio Rank: 9
TSLP Sortino Ratio Rank: 10
TSLP Omega Ratio Rank: 10
TSLP Calmar Ratio Rank: 9
TSLP Martin Ratio Rank: 9

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. TSLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and Kurv Yield Premium Strategy Tesla ETF (TSLP). 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	TSLP	Difference
Sharpe ratio: Return per unit of total volatility	-1.38	0.04	-1.42
Sortino ratio: Return per unit of downside risk	-2.17	0.34	-2.51
Omega ratio: Gain probability vs. loss probability	0.72	1.04	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.96	0.05	-1.01
Martin ratio: Return relative to average drawdown	-1.77	0.11	-1.89

NFLP vs. TSLP - Sharpe Ratio Comparison

The current NFLP Sharpe Ratio is -1.38, which is lower than the TSLP Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of NFLP and TSLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFLP vs. TSLP - Drawdown Comparison

The maximum NFLP drawdown since its inception was -49.06%, which is greater than TSLP's maximum drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for NFLP and TSLP.

Drawdown Indicators

	NFLP	TSLP	Difference
Max Drawdown Largest peak-to-trough decline	-49.06%	-46.00%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-49.06%	-32.00%	-17.06%
Current Drawdown Current decline from peak	-49.00%	-25.09%	-23.91%
Average Drawdown Average peak-to-trough decline	-10.39%	-15.82%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.47%	13.90%	+12.57%

Volatility

NFLP vs. TSLP - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Netflix ETF (NFLP) is 8.84%, while Kurv Yield Premium Strategy Tesla ETF (TSLP) has a volatility of 15.89%. This indicates that NFLP experiences smaller price fluctuations and is considered to be less risky than TSLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLP	TSLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.84%	15.89%	-7.05%
Volatility (6M) Calculated over the trailing 6-month period	27.84%	30.80%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	42.02%	-7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	48.85%	-19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	48.85%	-19.78%

NFLP vs. TSLP - Expense Ratio Comparison

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

Dividends

NFLP vs. TSLP - Dividend Comparison

NFLP's dividend yield for the trailing twelve months is around 29.68%, less than TSLP's 31.21% yield.

Position	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	29.68%	26.56%	19.87%	3.21%
TSLP Kurv Yield Premium Strategy Tesla ETF	31.21%	31.05%	21.82%	4.39%

Frequently Asked Questions

Can I hold both NFLP and TSLP in my portfolio?

NFLP and TSLP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLP or TSLP?

TSLP has higher volatility (15.89%) compared to NFLP (8.84%). In terms of maximum drawdown, NFLP dropped -49.06% vs TSLP's -46.00%.

Which ETF is better, NFLP or TSLP?

On 1-year performance, TSLP leads with 1.58% vs -46.94% for NFLP. Both ETFs have the same 0.99% expense ratio. On volatility, NFLP has been the lower-risk option at 8.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLP or TSLP?

Over the 1-year period, TSLP has performed better with a 1.58% return vs -46.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLP or TSLP?

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

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

TSLP has the higher dividend yield at 31.21%, compared with 29.68% for NFLP.

Which has better risk-adjusted returns?

TSLP currently has the higher Sharpe Ratio (0.04 vs -1.38), 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.