AAPY vs NFLP

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

NFLPBKurv Yield Premium Strategy Netflix (NFLX) ETF

In short

AAPY Apple income without slamming the brakes on upside: AAPY builds its Apple exposure with options, sells calls above the market rather than at it, and pays monthly. Fee is 0.99% net of a waiver through September 30, 2027 (1.15% gross).

NFLP One stock, many option trades. Kurv's Netflix fund can gain NFLX exposure synthetically or hold shares, then layer calls, spreads and collars for monthly income, with upside limited in exchange.

Stated mandate

AAPY The Fund seeks current income while providing exposure to Apple Inc.'s share price, with potential gains limited by its options strategy.

NFLP The Fund seeks current income while retaining exposure to Netflix's share-price returns, subject to potential limits on investment gains. It uses option-writing strategies tied to NFLX.

Why people hold it

• AAPY The calls it sells sit out of the money, and the prospectus allows buying higher-strike calls and put spreads, a toolkit aimed at keeping some room above the sold strike.sec.govsec.gov 2
• 0.99% net of a waiver through September 30, 2027 (1.15% gross) comes in under APLY, the other Apple options-income ETF, at 1.04%.
• Collateral sits in Treasury bills, income is paid monthly, and the portfolio matches what the filings describe.sec.gov
• One of the stronger builds in a crowded field of single-stock options-income funds.

• NFLP Not a one-trick covered call: the prospectus lets the manager mix synthetic or direct NFLX exposure with call spreads, put spreads, collars and protective puts.kurvinvest.comsec.gov
• 0.99% net of a waiver through September 30, 2027 (1.15% gross), near the category median and a shade under NFLY's 1.01%.
• Pays monthly, and the implementation lands in the upper half of its single-stock option-income peer group.

Worth knowing

• AAPY Apple's full downside comes through the synthetic long position, while share-price gains are limited by the options strategy.sec.gov
• Monthly payouts can include return of capital, meaning part of a distribution may be your own money coming back.kurvinvest.com
• Small fund that trades thinly, so spreads can be wider than a mega-ETF's and large orders can move the price.

• NFLP Written calls pay for the income, so share-price gains come with limits: the fund's own documents say potential investment gains are capped.kurvinvest.com
• Exposure is usually options on NFLX rather than the stock itself, so it follows price returns and carries options-market and counterparty risk.sec.gov
• One of the category's smaller, thinly traded funds, so trading costs can bite more than with heavily traded names.

Full AAPY profile⁠

Full NFLP profile⁠