NFLP vs. XES
NFLP (Kurv Yield Premium Strategy Netflix ETF) and XES (SPDR S&P Oil & Gas Equipment & Services ETF) are both exchange-traded funds - NFLP is a Derivative Income fund actively managed by Kurv, while XES is a Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index. NFLP is actively managed, while XES is passively managed. Over the past year, NFLP returned -46.94% vs 79.49% for XES. At a 0.06 correlation, their price movements are largely independent. NFLP charges 0.99%/yr vs 0.35%/yr for XES.
Performance
NFLP vs. XES - Performance Comparison
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Returns By Period
In the year-to-date period, NFLP achieves a -28.54% return, which is significantly lower than XES's 39.22% return.
NFLP
- 1D
- 0.12%
- 1M
- -20.07%
- YTD
- -28.54%
- 6M
- -27.91%
- 1Y
- -46.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XES
- 1D
- -1.07%
- 1M
- -12.19%
- YTD
- 39.22%
- 6M
- 40.00%
- 1Y
- 79.49%
- 3Y*
- 17.82%
- 5Y*
- 12.58%
- 10Y*
- -3.65%
NFLP vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFLP Kurv Yield Premium Strategy Netflix ETF | -28.54% | -1.54% | 53.24% | 13.91% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 39.22% | 5.89% | -5.44% | -3.98% |
Correlation
The correlation between NFLP and XES is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.06 |
The correlation between NFLP and XES shifts across timeframes, from -0.12 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFLP vs. XES — Risk / Return Rank
NFLP
XES
NFLP vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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 | XES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.97 | ||
| Sortino ratioReturn per unit of downside risk | -5.40 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.40 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 5.32 | -6.28 |
| Martin ratioReturn relative to average drawdown | -1.77 | 18.76 | -20.54 |
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Drawdowns
NFLP vs. XES - Drawdown Comparison
The maximum NFLP drawdown since its inception was -49.06%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for NFLP and XES.
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Drawdown Indicators
| NFLP | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -95.65% | +46.59% |
Max Drawdown (1Y)Largest decline over 1 year | -49.06% | -15.03% | -34.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.23% | — |
Current DrawdownCurrent decline from peak | -49.00% | -73.11% | +24.11% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -54.40% | +44.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.47% | 4.25% | +22.22% |
Volatility
NFLP vs. XES - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Netflix ETF (NFLP) is 8.84%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 10.30%. This indicates that NFLP experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLP | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.84% | 10.30% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 27.84% | 20.80% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.23% | 31.19% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 39.02% | -9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 44.96% | -15.89% |
NFLP vs. XES - Expense Ratio Comparison
NFLP has a 0.99% expense ratio, which is higher than XES's 0.35% expense ratio.
Dividends
NFLP vs. XES - Dividend Comparison
NFLP's dividend yield for the trailing twelve months is around 29.68%, more than XES's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLP Kurv Yield Premium Strategy Netflix ETF | 29.68% | 26.56% | 19.87% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.15% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
NFLP and XES have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XES has higher volatility (10.30%) compared to NFLP (8.84%). In terms of maximum drawdown, NFLP dropped -49.06% vs XES's -95.65%.
On 1-year performance, XES leads with 79.49% vs -46.94% for NFLP. On fees, XES is cheaper at 0.35% per year. 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.
Over the 1-year period, XES has performed better with a 79.49% return vs -46.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XES is cheaper with a 0.35% expense ratio, compared with 0.99% for NFLP.
NFLP has the higher dividend yield at 29.68%, compared with 1.15% for XES.
NFLP is categorized as Derivative Income, while XES is Energy Equities. They also come from different issuers: Kurv and State Street. Their fees differ too: 0.99% for NFLP and 0.35% for XES.
XES currently has the higher Sharpe Ratio (2.59 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.
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