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NFLY YieldMax(R) NFLX Option Income Strategy ETF

Synthetic covered call on NFLX, paying weekly

Over the year to Sep 18, 2026, NFLY paid 26.6% in cash and finished 4.4 points ahead of NFLX.

YieldMax · Income ETFs · data as of

Key facts

26.6%Cash paid, 1 year, on its starting price
−36.1%Total return, 1 year
+4.4 ptsAgainst NFLX
44.5%Return of capital, latest payout (YieldMax estimate)

Method

ETFIQ Return Stability Score

53.930th of 64

NFLY paid 26.6% in cash. Its price fell 57.3%, 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 ptsNFLP −5.1 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 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 ptsNFLY +4.4 ptsNFLY +4.4 pts−218.2 pts+78.8 pts

83.6% of the 64 sit at or below NFLY 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%HOOY −56.4%CVNY −54.5%NFLP −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%NFLY −57.3%NFLY −57.3%−87.2%+110.0%

24.2% of the 64 sit at or below NFLY 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+4.4 pts83.650%
what happened to the principal−57.3%24.250%

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

What a holder got

NFLY against NFLXNFLY returned −36.1% with distributions reinvested against −40.6% for Netflix (NFLX), a gap of +4.4 pts. Of that, 26.6% arrived as cash rather than price.−36.1%NFLY total return−40.6%Netflix (NFLX)

Over the year to Sep 18, 2026, NFLY returned −36.1% with distributions reinvested and Netflix (NFLX) returned −40.6%, so a holder came out ahead of it by 4.4 points. The lighter segment is the 26.6% that arrived as cash rather than as price.

Method

Period by period

NFLY over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnNFLXAhead or behind
3 months8.1%−18.0%−10.4%−7.2%−3.1 pts
6 months16.5%−34.6%−20.6%−21.8%+1.2 pts
1 year26.6%−57.3%−36.1%−40.6%+4.4 pts
3 years122.4%−59.6%+56.0%+81.2%−25.2 pts
Since launch108.1%−65.0%+38.1%+63.8%−25.7 pts

Method

When NFLY pays

NFLY pays weekly. The last distribution was $0.0416 a share, which went ex on Sep 17, 2026, with payment about 1 day later. The issuer has set the next ex-date at Sep 24, 2026, payable Sep 25, 2026, but has not declared the amount.

Expected distributions for NFLY. 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 24, 2026Sep 25, 2026$0.0416Issuer date, amount not declared
Oct 1, 2026Oct 2, 2026$0.0416Issuer date, amount not declared
Oct 8, 2026Oct 9, 2026$0.0416Issuer date, amount not declared
Oct 15, 2026Oct 16, 2026$0.0416Issuer date, amount not declared
Oct 22, 2026Oct 23, 2026$0.0416Issuer date, amount not declared
Oct 29, 2026Oct 30, 2026$0.0416Issuer date, amount not declared
Every distribution ETFIQ holds for NFLY (13, most recent first)
Cash distributions per share for NFLY. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 17, 2026$0.0416
Sep 10, 2026$0.0514
Sep 3, 2026$0.0687
Aug 27, 2026$0.0617
Aug 20, 2026$0.0597
Aug 13, 2026$0.053
Aug 6, 2026$0.0666
Jul 30, 2026$0.0445
Jul 23, 2026$0.05
Jul 16, 2026$0.0393
Jul 9, 2026$0.048
Jul 2, 2026$0.0506
Jun 25, 2026$0.0518

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Aug 8, 2023, NFLY has returned +38.1% with distributions reinvested, against +63.8% for Netflix (NFLX), and has paid out 108.1% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 30.9%. YieldMax estimates that 44% of the distribution paid Sep 18, 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.

NFLY (YieldMax(R) NFLX Option Income Strategy ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategysynthetic covered call
BenchmarkNetflix (NFLX)
Paysweekly
Net assets (issuer page, as of Sep 18, 2026)$36m
Latest payout, annualized (ETFIQ)30.9%
Expense ratio (485BPOS XBRL, Feb 24, 2026)1.01%
Cash paid, last 12 months, over today’s price (ETFIQ)62.3%
LaunchedAug 8, 2023
Return of capital, latest distribution (YieldMax 19a-1 estimate)44.5%
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.0416 ex Sep 17, 2026
Sum of the last 12 distributions$0.6351

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 NFLY paid over the last year?
Over the year to Sep 18, 2026, NFLY paid 26.6% of its starting price in cash distributions, while the price fell 57.3%.
Is NFLY ahead of NFLX?
Over the year to Sep 18, 2026, with every distribution reinvested, NFLY returned −36.1% against −40.6% for Netflix (NFLX), so a holder was ahead of it by 4.4 points.
How often does NFLY pay, and how much?
NFLY pays weekly. The latest distribution annualizes to 30.9% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the NFLY distribution return of capital?
YieldMax estimates 44% of the distribution paid Sep 18, 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 NFLY next pay a distribution?
NFLY pays weekly. The last distribution went ex on Sep 17, 2026 at $0.0416 a share. The issuer has set the next ex-date at Sep 24, 2026 but not the amount.
What does NFLY cost?
The prospectus expense ratio is 1.01% a year.

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 NFLY is written about

NFLY, 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, NFLY, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/nfly Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources