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NFLP Kurv Yield Premium Strategy Netflix (NFLX) ETF

Synthetic covered call on NFLX, paying monthly

Over the year to Sep 18, 2026, NFLP paid 12.4% in cash and still finished 5.1 points behind NFLX.

Kurv · Income ETFs · data as of

Key facts

12.4%Cash paid, 1 year, on its starting price
−45.6%Total return, 1 year
−5.1 ptsAgainst NFLX
84.0%Return of capital, latest payout (Kurv estimate)

Method

ETFIQ Return Stability Score

38.3joint 46th of 64

NFLP paid 12.4% in cash. Its price fell 54.5%, so 100% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
AMYY −218.2 ptsMRNY −148.8 ptsAMDY −76.2 ptsDIPS −43.1 ptsNVYY −20.9 ptsXOMO −19.9 ptsTQQY −19.6 ptsAZYY −19.3 ptsAPLY −17.0 ptsCOYY −16.3 ptsGOOP −14.1 ptsMARO −13.2 ptsMSTW −12.2 ptsHOOW −11.0 ptsCOIW −10.7 ptsTSMY −10.3 ptsPLTW −9.3 ptsGMEY −8.7 ptsTSLW −8.3 ptsGOOY −8.0 ptsNFLW −7.9 ptsAMZP −7.3 ptsMETW −7.1 ptsAAPY −7.0 ptsTSYY −6.8 ptsMSFW −6.5 ptsMSFY −6.4 ptsXYZY −6.4 ptsHCOW −6.3 ptsYSPY −6.3 ptsAVGW −5.6 ptsAMZW −4.0 ptsSMCY −3.9 ptsAMZY −3.8 ptsSNOY −3.8 ptsBRKW −3.7 ptsHOOY −3.4 ptsAIYY −3.3 ptsTSLP −3.2 ptsFBY −2.7 ptsNVDW −1.4 ptsBRKC −1.3 ptsPYPY −1.2 ptsDRAY −0.7 ptsNVDY −0.2 ptsRBLY +0.9 ptsTSII +1.1 ptsGOOW +1.4 ptsMSFO +2.1 ptsNVII +2.5 ptsAAPW +2.6 ptsBABO +4.2 ptsNFLY +4.4 ptsPLTY +4.6 ptsCONY +5.1 ptsMSTY +5.3 ptsRDYY +5.5 ptsCVNY +7.2 ptsTSLY +7.5 ptsCRSH +23.2 ptsAMDW +58.4 ptsFIAT +60.8 ptsWNTR +78.8 ptsNFLP −5.1 ptsNFLP −5.1 pts−218.2 pts+78.8 pts

49.2% of the 64 sit at or below NFLP on this measure.

What happened to the principal
COYY −87.2%MSTW −85.9%RBLY −81.9%MSTY −79.7%COIW −77.9%MARO −77.0%AIYY −73.3%DRAY −73.2%RDYY −72.9%CONY −70.2%TSYY −70.1%SMCY −66.5%NFLW −65.0%BABO −57.9%HOOW −57.4%NFLY −57.3%HOOY −56.4%CVNY −54.5%TSLW −54.2%GMEY −52.7%PYPY −52.7%NVYY −52.3%TSII −51.4%XYZY −51.4%WNTR −51.3%PLTW −50.7%TSLY −49.5%DIPS −47.3%METW −46.9%FIAT −45.5%PLTY −45.2%FBY −44.9%AMYY −44.7%AZYY −42.9%AVGW −42.1%CRSH −39.8%TQQY −35.4%TSLP −34.5%MSFW −33.1%AMZY −32.0%MSFO −29.9%AMZW −27.6%MSFY −25.4%YSPY −25.0%SNOY −24.8%NVDW −22.8%NVDY −22.3%NVII −21.1%BRKW −16.9%GOOY −16.6%BRKC −15.6%AMZP −14.6%APLY −11.3%XOMO −10.0%TSMY −8.1%GOOW −3.7%HCOW −0.3%AAPW +7.9%GOOP +8.5%AAPY +19.2%AMDY +28.6%MRNY +93.6%AMDW +110.0%NFLP −54.5%NFLP −54.5%−87.2%+110.0%

27.3% of the 64 sit at or below NFLP on this measure.

Weighted evenly, those two positions are what the score combines, across the 64 income ETFs writing on a single company. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−5.1 pts49.250%
what happened to the principal−54.5%27.350%

All income ETFs ranked by this score · How it is computed

285th of 369 income ETFs by net assets

What a holder got

NFLP against NFLXNFLP returned −45.6% with distributions reinvested against −40.6% for Netflix (NFLX), a gap of −5.1 pts. Of that, 12.4% arrived as cash rather than price.−45.6%NFLP total return−40.6%Netflix (NFLX)

Over the year to Sep 18, 2026, NFLP returned −45.6% with distributions reinvested and Netflix (NFLX) returned −40.6%, so a holder came out behind it by 5.1 points. The lighter segment is the 12.4% that arrived as cash rather than as price.

Method

Period by period

NFLP over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnNFLXAhead or behind
3 months4.1%−13.9%−10.1%−7.2%−2.9 pts
6 months6.7%−33.2%−27.6%−21.8%−5.8 pts
1 year12.4%−54.5%−45.6%−40.6%−5.1 pts
Since launch69.6%−32.4%+18.0%+80.4%−62.4 pts

Method

When NFLP pays

NFLP pays monthly. The last distribution was $0.25 a share, which went ex on Aug 26, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Sep 23, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for NFLP. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 23, 2026Sep 25, 2026$0.25ETFIQ projection
Oct 21, 2026Oct 23, 2026$0.25ETFIQ projection
Every distribution ETFIQ holds for NFLP (13, most recent first)
Cash distributions per share for NFLP. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 26, 2026$0.25
Jul 29, 2026$0.25
Jun 24, 2026$0.3
May 27, 2026$0.3
Apr 29, 2026$0.3
Mar 25, 2026$0.3
Feb 25, 2026$0.3
Jan 28, 2026$0.4
Dec 23, 2025$0.55
Nov 25, 2025$0.55
Oct 29, 2025$0.55
Sep 24, 2025$0.55
Aug 27, 2025$0.55

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Oct 27, 2023, NFLP has returned +18.0% with distributions reinvested, against +80.4% for Netflix (NFLX), and has paid out 69.6% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 17.7%. Kurv estimates that 84% of the distribution paid Aug 27, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

NFLP (Kurv Yield Premium Strategy Netflix (NFLX) ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkNetflix (NFLX)
Paysmonthly
Net assets (issuer page, as of Sep 17, 2026)$5m
Latest payout, annualized (ETFIQ)17.7%
Expense rationot read by ETFIQ
Cash paid, last 12 months, over today’s price (ETFIQ)27.2%
LaunchedOct 27, 2023
Return of capital, latest distribution (Kurv 19a-1 estimate)84.0%
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.25 ex Aug 26, 2026
Sum of the last 12 distributions$4.6

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has NFLP paid over the last year?
Over the year to Sep 18, 2026, NFLP paid 12.4% of its starting price in cash distributions, while the price fell 54.5%.
Is NFLP ahead of NFLX?
Over the year to Sep 18, 2026, with every distribution reinvested, NFLP returned −45.6% against −40.6% for Netflix (NFLX), so a holder was behind it by 5.1 points.
How often does NFLP pay, and how much?
NFLP pays monthly. The latest distribution annualizes to 17.7% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the NFLP distribution return of capital?
Kurv estimates 84% of the distribution paid Aug 27, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does NFLP next pay a distribution?
NFLP pays monthly. The last distribution went ex on Aug 26, 2026 at $0.25 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 23, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

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Where NFLP is written about

NFLP, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Cite this page. ETFIQ, NFLP, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/nflp Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources