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GOOPKurv Yield Premium Strategy Google (GOOGL) ETF

Get incomeTake a bet2y track recordRanked #556 of 775 in this goal

Seeks current income, with a secondary objective of exposure to Alphabet (GOOGL) share-price returns subject to a limit on gains.

By Kurv Investment Management Inc. · Launched 2023

Annual Cost

0.99%

#4,898 of 5,562 · expensive

Fund Size

$27M

#4,146 of 5,562 · small

Dividend YieldGoal

11.47%

Track Record

2 years

#3,265 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$19,201+92.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 1 holdings = 4.1% of fund✓ well diversified

Fidelity Inv MM Government IFIGXX
4.1%

Asset allocation

Bonds
42.4%
Stocks
40.3%
Cash
13.9%
Other
3.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
28.8%High

Year-on-year price swings

Max drawdown
-27.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income, with a secondary objective of exposure to Alphabet (GOOGL) share-price returns subject to a limit on gains.
Strategy
Actively managed ETF using a synthetic covered call strategy (plus uncovered call/put writing or call-spread variants) on the common stock of Alphabet Inc. (GOOGL) to generate options-premium income while keeping capped upside exposure to GOOGL share-price returns. The Adviser buys at-the-money calls and sells puts at the same strike and expiry (1-12 months), and may also hold GOOGL shares or cash directly.
Inception date
October 30, 2023
Fund family
Kurv Investment Management Inc.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Critical

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Single stock
Warning

Single-stock wrapper — fees without diversification

This fund wraps exposure to a single company, usually with an option overlay. You pay fund-level fees (typically 0.50–1.00% depending on the issuer) plus the wrapper's option-overlay mechanics for exposure you could get more cheaply by holding the underlying stock directly. The income is generated by capping upside.

Source: Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)

Why we flagged this: strategy=option_income + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20