NFLW vs. NFLP

Last updated Jun 28, 2026

NFLW (Roundhill NFLX WeeklyPay ETF) and NFLP (Kurv Yield Premium Strategy Netflix ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NFLW returned -52.49% vs -47.80% for NFLP. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

NFLW vs. NFLP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NFLW having a -26.51% return and NFLP slightly lower at -27.72%.

NFLW

• 1D: 4.23%
• 1M: -17.56%
• YTD: -26.51%
• 6M: -27.15%
• 1Y: -52.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFLP

• 1D: 4.59%
• 1M: -16.79%
• YTD: -27.72%
• 6M: -27.88%
• 1Y: -47.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLW vs. NFLP - Yearly Performance Comparison

	2026 (YTD)	2025
NFLW Roundhill NFLX WeeklyPay ETF	-26.51%	-29.54%
NFLP Kurv Yield Premium Strategy Netflix ETF	-27.72%	-23.81%

Correlation

The correlation between NFLW and NFLP is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.98

The correlation between NFLW and NFLP has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

NFLW vs. NFLP — Risk / Return Rank

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

NFLW

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

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

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.

NFLW vs. NFLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NFLX WeeklyPay ETF (NFLW) and Kurv Yield Premium Strategy Netflix ETF (NFLP). 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.

	NFLW	NFLP	Difference
Sharpe ratio: Return per unit of total volatility	-1.28	-1.38	+0.10
Sortino ratio: Return per unit of downside risk	-2.09	-2.21	+0.11
Omega ratio: Gain probability vs. loss probability	0.74	0.72	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.94	0.00
Martin ratio: Return relative to average drawdown	-1.61	-1.76	+0.15

NFLW vs. NFLP - Sharpe Ratio Comparison

The current NFLW Sharpe Ratio is -1.28, which is comparable to the NFLP Sharpe Ratio of -1.38. The chart below compares the historical Sharpe Ratios of NFLW and NFLP, 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

NFLW vs. NFLP - Drawdown Comparison

The maximum NFLW drawdown since its inception was -55.10%, which is greater than NFLP's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for NFLW and NFLP.

Drawdown Indicators

	NFLW	NFLP	Difference
Max Drawdown Largest peak-to-trough decline	-55.10%	-50.68%	-4.42%
Max Drawdown (1Y) Largest decline over 1 year	-55.10%	-50.68%	-4.42%
Current Drawdown Current decline from peak	-53.20%	-48.42%	-4.78%
Average Drawdown Average peak-to-trough decline	-28.17%	-10.56%	-17.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.16%	27.02%	+5.14%

Volatility

NFLW vs. NFLP - Volatility Comparison

Roundhill NFLX WeeklyPay ETF (NFLW) has a higher volatility of 11.17% compared to Kurv Yield Premium Strategy Netflix ETF (NFLP) at 10.52%. This indicates that NFLW's price experiences larger fluctuations and is considered to be riskier than NFLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLW	NFLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	10.52%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	30.80%	28.31%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	40.56%	34.54%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.33%	29.18%	+11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.33%	29.18%	+11.15%

NFLW vs. NFLP - Expense Ratio Comparison

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

Dividends

NFLW vs. NFLP - Dividend Comparison

NFLW's dividend yield for the trailing twelve months is around 86.46%, more than NFLP's 28.47% yield.

Position	TTM	2025	2024	2023
NFLP Kurv Yield Premium Strategy Netflix ETF	28.47%	26.56%	19.87%	3.21%
NFLW Roundhill NFLX WeeklyPay ETF	86.46%	38.89%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLW and NFLP in my portfolio?

With a correlation of 0.98, NFLW and NFLP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NFLW or NFLP?

NFLW has higher volatility (11.17%) compared to NFLP (10.52%). In terms of maximum drawdown, NFLW dropped -55.10% vs NFLP's -50.68%.

Which ETF is better, NFLW or NFLP?

On 1-year performance, NFLP leads with -47.80% vs -52.49% for NFLW. Both ETFs have the same 0.99% expense ratio. On volatility, NFLP has been the lower-risk option at 10.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLW or NFLP?

Over the 1-year period, NFLP has performed better with a -47.80% return vs -52.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLW or NFLP?

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

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

NFLW has the higher dividend yield at 86.46%, compared with 28.47% for NFLP.

What is the main difference between NFLW and NFLP?

They also come from different issuers: Roundhill and Kurv.

Which has better risk-adjusted returns?

NFLW currently has the higher Sharpe Ratio (-1.28 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.