NFLP vs. XDTE

Last updated Jun 4, 2026

NFLP (Kurv Yield Premium Strategy Netflix ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLP returned -37.65% vs 25.68% for XDTE. At a 0.36 correlation, their price movements are largely independent. NFLP charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

NFLP vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Netflix ETF (NFLP) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFLP achieves a -18.61% return, which is significantly lower than XDTE's 8.83% return.

NFLP

• 1D: -2.43%
• 1M: -12.31%
• YTD: -18.61%
• 6M: -25.81%
• 1Y: -37.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLP vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLP Kurv Yield Premium Strategy Netflix ETF	-18.61%	-1.54%	28.88%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	12.60%	16.39%

Correlation

The correlation between NFLP and XDTE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.36

Over the past year, the correlation between NFLP and XDTE has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

NFLP vs. XDTE — 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: 1
NFLP Martin Ratio Rank: 1

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	2.35	-3.48
Sortino ratio: Return per unit of downside risk	-1.65	3.15	-4.80
Omega ratio: Gain probability vs. loss probability	0.79	1.43	-0.64
Calmar ratio: Return relative to maximum drawdown	-0.87	3.36	-4.22
Martin ratio: Return relative to average drawdown	-1.54	15.35	-16.89
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. XDTE - Sharpe Ratio Comparison

The current NFLP Sharpe Ratio is -1.13, which is lower than the XDTE Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of NFLP and XDTE, 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	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.13	2.35	-3.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.25	-0.77

Drawdowns

NFLP vs. XDTE - Drawdown Comparison

The maximum NFLP drawdown since its inception was -43.48%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for NFLP and XDTE.

Drawdown Indicators

	NFLP	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-43.48%	-19.09%	-24.39%
Max Drawdown (1Y) Largest decline over 1 year	-43.48%	-7.68%	-35.80%
Current Drawdown Current decline from peak	-41.92%	-0.66%	-41.26%
Average Drawdown Average peak-to-trough decline	-9.73%	-2.32%	-7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.52%	1.68%	+22.84%

Volatility

NFLP vs. XDTE - Volatility Comparison

Kurv Yield Premium Strategy Netflix ETF (NFLP) has a higher volatility of 8.15% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 2.53%. This indicates that NFLP's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLP	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	2.53%	+5.62%
Volatility (6M) Calculated over the trailing 6-month period	27.72%	8.28%	+19.44%
Volatility (1Y) Calculated over the trailing 1-year period	33.37%	10.99%	+22.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.88%	13.85%	+15.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	13.85%	+15.03%

NFLP vs. XDTE - Expense Ratio Comparison

NFLP has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

NFLP vs. XDTE - Dividend Comparison

NFLP's dividend yield for the trailing twelve months is around 26.06%, less than XDTE's 33.00% yield.

Position	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	26.06%	26.56%	19.87%	3.21%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%	0.00%

Frequently Asked Questions

Can I hold both NFLP and XDTE in my portfolio?

NFLP and XDTE have a correlation of 0.13, 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 XDTE?

NFLP has higher volatility (8.15%) compared to XDTE (2.53%). In terms of maximum drawdown, NFLP dropped -43.48% vs XDTE's -19.09%.

Which ETF is better, NFLP or XDTE?

On 1-year performance, XDTE leads with 25.68% vs -37.65% for NFLP. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLP or XDTE?

Over the 1-year period, XDTE has performed better with a 25.68% return vs -37.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLP or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for NFLP.

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

XDTE has the higher dividend yield at 33.00%, compared with 26.06% for NFLP.

What is the main difference between NFLP and XDTE?

They also come from different issuers: Kurv and Roundhill. Their fees differ too: 0.99% for NFLP and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (2.35 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.