NFLP vs. YMAX

Last updated Apr 2, 2026

Compare and contrast key facts about Kurv Yield Premium Strategy Netflix ETF (NFLP) and YieldMax Universe Fund of Option Income ETFs (YMAX).

NFLP and YMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLP is an actively managed fund by Kurv. It was launched on Oct 26, 2023. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.

Performance

NFLP vs. YMAX - Performance Comparison

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

NFLP vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLP Kurv Yield Premium Strategy Netflix ETF	-0.30%	-1.54%	54.64%
YMAX YieldMax Universe Fund of Option Income ETFs	-13.50%	6.04%	26.26%

Returns By Period

In the year-to-date period, NFLP achieves a -0.30% return, which is significantly higher than YMAX's -13.50% return.

NFLP

• 1D: -0.60%
• 1M: -2.40%
• YTD: -0.30%
• 6M: -19.26%
• 1Y: -5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAX

• 1D: -0.42%
• 1M: -6.83%
• YTD: -13.50%
• 6M: -20.90%
• 1Y: 0.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLP vs. YMAX - Expense Ratio Comparison

NFLP has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.

YMAX

YieldMax Universe Fund of Option Income ETFs

NFLP

Kurv Yield Premium Strategy Netflix ETF

Return for Risk

NFLP vs. YMAX — Risk / Return Rank

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

NFLP

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

YMAX

YMAX Risk / Return Rank: 13
YMAX Sharpe Ratio Rank: 12
YMAX Sortino Ratio Rank: 12
YMAX Omega Ratio Rank: 12
YMAX Calmar Ratio Rank: 14
YMAX Martin Ratio Rank: 14

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. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Netflix ETF (NFLP) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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	YMAX	Difference
Sharpe ratio Return per unit of total volatility	-0.16	0.03	-0.19
Sortino ratio Return per unit of downside risk	-0.00	0.22	-0.22
Omega ratio Gain probability vs. loss probability	1.00	1.03	-0.03
Calmar ratio Return relative to maximum drawdown	-0.13	0.09	-0.22
Martin ratio Return relative to average drawdown	-0.28	0.24	-0.52
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. YMAX - Sharpe Ratio Comparison

The current NFLP Sharpe Ratio is -0.16, which is lower than the YMAX Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of NFLP and YMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFLP	YMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	0.03	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.30	+0.59

Correlation

The correlation between NFLP and YMAX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NFLP vs. YMAX - Dividend Comparison

NFLP's dividend yield for the trailing twelve months is around 22.65%, less than YMAX's 88.51% yield.

	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	22.65%	26.56%	19.87%	3.21%
YMAX YieldMax Universe Fund of Option Income ETFs	88.51%	78.70%	44.20%	0.00%

Drawdowns

NFLP vs. YMAX - Drawdown Comparison

The maximum NFLP drawdown since its inception was -43.48%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for NFLP and YMAX.

Drawdown Indicators

	NFLP	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.48%	-26.13%	-17.35%
Max Drawdown (1Y) Largest decline over 1 year	-43.48%	-26.13%	-17.35%
Current Drawdown Current decline from peak	-28.85%	-23.31%	-5.54%
Average Drawdown Average peak-to-trough decline	-8.11%	-5.88%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.37%	9.72%	+10.65%

Volatility

NFLP vs. YMAX - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Netflix ETF (NFLP) is 7.78%, while YieldMax Universe Fund of Option Income ETFs (YMAX) has a volatility of 9.79%. This indicates that NFLP experiences smaller price fluctuations and is considered to be less risky than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLP	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	9.79%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	26.24%	17.65%	+8.59%
Volatility (1Y) Calculated over the trailing 1-year period	32.50%	25.33%	+7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.05%	23.00%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	23.00%	+5.05%