Kurv Yield Premium Strategy Apple (AAPL) ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$28.46+0.21 (+0.73%)
- 1.15%
- $8M
- +37.8%
- 10.80%
- 0M sh
- $27.90
- low $21.25high $29.12
The ETF.net AAPY Grade
B
Score 57 out of 100
- 21 of 72
Score 57 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.F11 out of 100Rank 62 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 13 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 16 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 9 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 35 of 72
Our read on AAPY
BApple exposure with an options overlay, paid out monthly. Kurv builds its Apple position through options rather than buying shares, sells calls against it, and puts income first, which caps how much of a rally shows up.
The Fund seeks current income while providing exposure to Apple Inc.'s share price, with potential gains limited by its options strategy.
Why people hold it
- Income first, Apple second: the fund seeks current income while keeping exposure to Apple's share price, and it declares distributions monthly.
- Screens well on risk for a single-stock options fund and sits in the upper half of its option-income peer group.
- A two-name race: for options income tied to Apple alone, this and APLY are the choices, and Kurv's version has been running since 2023.
Worth knowing
- The options strategy limits potential gains, and everything rides on one company's stock. This is a concentrated bet with a lid on it.
- Monthly payouts can include return of capital, disclosed by the fund. That portion is your own capital coming back, not investment income.
- 1.15% a year, slightly above the typical fee in its cohort, and the closest Apple rival APLY charges less. It is also small and thinly traded, so spreads matter.
AAPY Holdings
- Stocks
- 6
- 108%
- 912797TC1
AAPY 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.Not enough history yet.
AAPY$13,784
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 | AAPY |
|---|---|
| Year to date | +24.5% |
| 1 month | +2.5% |
| 3 months | +8.7% |
| 1 year | +37.8% |
| 3 years | — |
| 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 | AAPY |
|---|---|---|
| 2026 YTD | +24.5% | |
| 2025 | +5.1% | |
| 2024 | +20.6% | |
| 2023 | +9.2% |
AAPY in the news
AAPY Dividends
- 10.80%
- $3.05
- $0.25 per share
- Monthly
Distribution history
AAPY Risk
- 18.6%
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.
- 0.79
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.
- −29.2%
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AAPY Cost
1.15%
AAPY1.15%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
61 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- BAPLYYieldMax AAPL Option Income Strategy ETFExpense ratio 1.04%1 year return +24.3%
- BRDYYYieldMax RDDT Option Income Strategy ETFExpense ratio 1.01%1 year return −15.0%
- BFBYYieldMax META Option Income Strategy ETFExpense ratio 1.06%1 year return −1.6%
- BRBLYYieldMax RBLX Option Income Strategy ETFExpense ratio 0.99%1 year return −60.7%
- BYSPCYIELDMAX SPCX OPTION INCOME STRATEGY ETFExpense ratio 1.01%1 year return —