NFLY
YieldMax NFLX Option Income Strategy ETF
NFLY seeks to provide current income and capped gains on the Netflix stock (NFLX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
137.1 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Aug 07, 2023 |
| Assets (mns) | $137 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 06/12/2025 | 16.8 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 16.0 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 16.0 % |
| UNITED STATES TREASURY BILL 05/15/2025 | 15.7 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 15.4 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 10.7 % |
| NFLX US 05/16/25 C905 | 10.1 % |
| CASH & OTHER | 3.0 % |
| NFLX US 04/25/25 C1120 | 0.5 % |
| NFLX US 04/25/25 C1040 | -1.6 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.2% | 12.2% | -- | -- | -- | -- | -- | -3.5% |
| Dividend Yield | 16.5% | 66.4% | -- | -- | -- | -- | -- | 55.4% |
| Total Returns | 19.8% | 78.6% | -- | -- | -- | -- | -- | 51.9% | Ann. Volatility | 35.2% | 26.5% | -- | -- | -- | -- | -- | 29.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 27% |
| MSCI EAFE | -0.11 | 0% |
| MSCI Emg Mkts | -0.44 | 4% |
Liquidity Measures
| Avg. volume (000) | 222 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $18.04 |
| 30d moving avg. | $16.83 |
| Annualized volatility | 21.4% |
| Relative strength (RSI) | 63 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| NFLY (99 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NFLY | 99.0 | 16.0 | 115 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .