YieldMax NFLX Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$6.74−0.01 (−0.22%)
- 1.01%
- $34M
- −38.4%
- 64.94%
- 0.1M sh
- $6.70
- low $6.53high $16.62
The ETF.net NFLY Grade
B
Score 60 out of 100
- 15 of 72
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B66 out of 100Rank 21 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 7 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 36 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 44 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 12 of 72
Our read on NFLY
BNFLY never buys a share of Netflix. It builds the position synthetically with options, then sells calls against it, turning one of the market's twitchiest large caps into option premium. Pops get capped. Drops don't.
The Fund seeks current income and exposure to Netflix, Inc.’s share-price returns, subject to limited participation in potential gains. It uses synthetic covered-call or covered-call-spread strategies to generate option premiums.
Why people hold it
- At 1.01%, it is the cheaper of the two Netflix option-income ETFs (NFLP charges 1.15%) and sits under the median fee for single-stock option-income funds.
- Launched in 2023, an early entrant in single-name option income, with a multi-year record of running the strategy through Netflix earnings nights.
- In a crowded field of single-stock overlay funds, this one lands in the upper tier of its peer group on our review.
Worth knowing
- Selling calls caps how much of a Netflix rally you keep, while a slide in the stock flows through nearly in full.yieldmaxetfs.com
- Distributions can include return of capital, meaning part of a payout is your own money coming back and it trims your cost basis.yieldmaxetfs.com
- The 1.01% fee pays for the options machinery, several times what a plain equity index fund charges, and it applies whether premiums are fat or thin.
NFLY Holdings
- Other
- 9
- 112%
- United States Treasury Bill 07/08/2027
Geography
- United States100.00%
NFLY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
NFLY$6,162
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NFLY |
|---|---|
| Year to date | −23.2% |
| 1 month | −8.1% |
| 3 months | −5.8% |
| 1 year | −38.4% |
| 3 years | +17.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NFLY |
|---|---|---|
| 2026 YTD | −23.2% | |
| 2025 | +2.0% | |
| 2024 | +66.2% | |
| 2023 | +3.3% |
NFLY in the news
NFLY Dividends
- 64.94%
- $4.38
- $0.03 per share
- Weekly
Distribution history
NFLY Risk
- 26.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.54
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −45.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NFLY Cost
1.01%
NFLY1.01%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
19 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- BMRNYYieldMax MRNA Option Income Strategy ETFExpense ratio 1.00%1 year return +477.1%
- BJPOYieldMax JP Option Income Strategy ETFExpense ratio 1.04%1 year return —
- BMAROYieldMax MARA Option Income Strategy ETFExpense ratio 1.00%1 year return −55.2%
- BSMCYYieldMax SMCI Option Income Strategy ETFExpense ratio 1.01%1 year return −24.4%
- BAIYYYieldMax AI Option Income Strategy ETFExpense ratio 0.99%1 year return −42.8%