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ETFs

YieldMax NFLX Option Income Strategy ETF

NFLY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 07 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$543,665
AUM
$8,717,205
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
53.27%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
53.23%
n/a
Cash & Other
7.40%
n/a
NETFLIX CLL OPT 11/23 435
1.89%
n/a
NETFLIX CLL OPT 09/23 400
-0.01%
n/a
NETFLIX CLL OPT 09/23 392.500
-0.27%
n/a
NFLX 11/17/2023 435.01 P
-15.52%
Invest with NFLY

What is NFLY?

The YieldMax NFLX Option Income Strategy ETF (NFLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on NFLX. NFLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of NFLX.

ETFs related toNFLY

ETFs correlated to NFLY include WCLD, FFTY, XSW

NFLY
Tidal Trust II - YieldMax NFLX Option Income Strategy ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
FFTY
Innovator Management LLC - Innovator IBD 50 ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

NFLY is a US Equities ETF. The YieldMax NFLX Option Income Strategy ETF (NFLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on NFLX. NFLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of NFLX.

Yes, NFLY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NFLY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NFLY is -0.0832%. This is the percent change in the value of NFLY over the most recent 1-month period. The 3-month return on NFLY is %. This is the percent change in the value of NFLY over the most recent 3-month period.

ETFs similar to NFLY include XLI, XLY, and XLV.

ETFs correlated to NFLY include WCLD, FFTY, and XSW.

ETFs that are inversely correlated to NFLY include SARK, WEBS, and BTAL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.