Kurv Yield Premium Strategy Apple (AAPL) ETF
$28.02−0.39 (−1.39%)
- Expense ratio
- 1.15%
- Fund size
- $8M
- 1Y return
- +33.6%
- Yield · Last 12 months
- 10.72%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $28.00
- 52W range
The ETF.net AAPY Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 11Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 73Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 39Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
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
- 9
- 102%
- 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.
Returns run to the Sep 22, 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 | +25.4% |
| 1 month | +11.9% |
| 3 months | +15.1% |
| 1 year | +33.6% |
| 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 | +25.4% | |
| 2025 | +5.1% | |
| 2024 | +20.6% | |
| 2023 | +9.2% |
AAPY in the news
ETF.net Research hasn’t filed on AAPY yet — coverage lands here as it’s written.
AAPY Dividends
- 10.72%
- $3.05
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 17, 2026 | $0.25 |
| Aug 19, 2026 | Aug 20, 2026 | $0.25 |
| Jul 22, 2026 | Jul 23, 2026 | $0.25 |
| Jun 17, 2026 | Jun 18, 2026 | $0.25 |
| May 20, 2026 | May 21, 2026 | $0.30 |
| Apr 22, 2026 | Apr 23, 2026 | $0.25 |
| Mar 18, 2026 | Mar 19, 2026 | $0.25 |
| Feb 18, 2026 | Feb 19, 2026 | $0.25 |
| Jan 21, 2026 | Jan 22, 2026 | $0.25 |
| Dec 17, 2025 | Dec 18, 2025 | $0.25 |
| Nov 19, 2025 | Nov 20, 2025 | $0.25 |
| Oct 22, 2025 | Oct 23, 2025 | $0.25 |
AAPY Risk
- 18.7%
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.
- 0.71
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
- The middle half of Single-Stock Option Income funds
- Median 1.07%
61 of the 71 Single-Stock Option Income funds charge less.