NFLP vs. WNTR

Last updated Jun 25, 2026

NFLP (Kurv Yield Premium Strategy Netflix ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLP returned -49.63% vs 97.02% for WNTR. At a correlation of -0.20, they often move in opposite directions. NFLP charges 0.99%/yr vs 1.01%/yr for WNTR.

Performance

NFLP vs. WNTR - Performance Comparison

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

Returns By Period

In the year-to-date period, NFLP achieves a -31.18% return, which is significantly lower than WNTR's 10.46% return.

NFLP

• 1D: -3.69%
• 1M: -23.02%
• YTD: -31.18%
• 6M: -30.98%
• 1Y: -49.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLP vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
NFLP Kurv Yield Premium Strategy Netflix ETF	-31.18%	-8.21%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between NFLP and WNTR is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.20

Return for Risk

NFLP vs. WNTR — 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: 0
NFLP Martin Ratio Rank: 0

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	-1.45	1.85	-3.30
Sortino ratio: Return per unit of downside risk	-2.34	2.20	-4.55
Omega ratio: Gain probability vs. loss probability	0.70	1.30	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.98	2.29	-3.27
Martin ratio: Return relative to average drawdown	-1.86	5.85	-7.71

NFLP vs. WNTR - Sharpe Ratio Comparison

The current NFLP Sharpe Ratio is -1.45, which is lower than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of NFLP and WNTR, 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. WNTR - Drawdown Comparison

The maximum NFLP drawdown since its inception was -50.88%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for NFLP and WNTR.

Drawdown Indicators

	NFLP	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-50.88%	-42.65%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-50.88%	-42.65%	-8.23%
Current Drawdown Current decline from peak	-50.88%	-9.88%	-41.00%
Average Drawdown Average peak-to-trough decline	-10.45%	-20.93%	+10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.66%	16.70%	+9.96%

Volatility

NFLP vs. WNTR - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Netflix ETF (NFLP) is 9.22%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that NFLP experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLP	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	17.54%	-8.32%
Volatility (6M) Calculated over the trailing 6-month period	28.05%	45.99%	-17.94%
Volatility (1Y) Calculated over the trailing 1-year period	34.35%	52.83%	-18.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.14%	53.10%	-23.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.14%	53.10%	-23.96%

NFLP vs. WNTR - Expense Ratio Comparison

NFLP has a 0.99% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

NFLP vs. WNTR - Dividend Comparison

NFLP's dividend yield for the trailing twelve months is around 30.82%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	30.82%	26.56%	19.87%	3.21%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLP and WNTR in my portfolio?

NFLP and WNTR have a correlation of -0.20, 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 WNTR?

WNTR has higher volatility (17.54%) compared to NFLP (9.22%). In terms of maximum drawdown, NFLP dropped -50.88% vs WNTR's -42.65%.

Which ETF is better, NFLP or WNTR?

On 1-year performance, WNTR leads with 97.02% vs -49.63% for NFLP. On fees, NFLP is cheaper at 0.99% per year. On volatility, NFLP has been the lower-risk option at 9.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLP or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs -49.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLP or WNTR?

NFLP is cheaper with a 0.99% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 30.82% for NFLP.

What is the main difference between NFLP and WNTR?

They also come from different issuers: Kurv and YieldMax. Their fees differ too: 0.99% for NFLP and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 vs -1.45), 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.