YieldMax AAPL Option Income Strategy ETF
$11.96−0.07 (−0.58%)
- Expense ratio
- 1.04%
- Fund size
- $124M
- 1Y return
- +19.1%
- Yield · Last 12 months
- 34.92%
- Holdings
- 7
- Volume · 30D
- 0.1M sh
- NAV per share
- $12.01
- 52W range
The ETF.net APLY Grade
Score 60 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.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 55Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 67Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on APLY
BRuns the Apple covered-call trade with options standing in for Apple stock: premium income up front, upside capped on the way. A first-wave YieldMax fund from 2023, priced under the other AAPL option-income ETF.
The Fund seeks current income and exposure to Apple Inc. share-price returns, with potential gains limited by its options strategy.
Why people hold it
- The mechanism is stated plainly in the prospectus: current income plus exposure to Apple's share-price returns, with potential gains limited by the options strategy. No mystery about the trade you're making.
- At 1.04%, it undercuts AAPY, the other AAPL option-income fund, and sits just below the typical fee in its single-stock income cohort.
- Live since 2023, an early entrant in a category that has since filled with lookalikes, and among the stronger builds in a crowded field of single-stock income funds.
- Trades actively enough for a niche single-stock product, so getting in and out doesn't depend on thin-market luck.
Worth knowing
- Capped by design. The calls it sells limit how much of an Apple rally the fund keeps, while a drop in Apple still flows through.
- You hold a synthetic options position, not Apple shares. No shareholder rights, and no Apple dividend passing through to you.
- Payouts swing with option premiums, and YieldMax discloses that some of a distribution can be return of capital: your own money coming back, not profit.yieldmaxetfs.com
APLY Holdings
- Other
- 7
- 101%
- United States Treasury Bill 10/15/2026
Geography
APLY 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 | APLY |
|---|---|
| Year to date | +13.4% |
| 1 month | +7.4% |
| 3 months | +8.3% |
| 1 year | +19.1% |
| 3 years | +15.2% |
| 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 | APLY |
|---|---|---|
| 2026 YTD | +13.4% | |
| 2025 | +3.8% | |
| 2024 | +18.7% | |
| 2023 | +11.5% |
APLY in the news
ETF.net Research hasn’t filed on APLY yet — coverage lands here as it’s written.
APLY Dividends
- 34.92%
- $4.20
- $0.07 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.07 |
| Sep 10, 2026 | Sep 11, 2026 | $0.05 |
| Sep 3, 2026 | Sep 4, 2026 | $0.06 |
| Aug 27, 2026 | Aug 28, 2026 | $0.06 |
| Aug 20, 2026 | Aug 21, 2026 | $0.06 |
| Aug 13, 2026 | Aug 14, 2026 | $0.06 |
| Aug 6, 2026 | Aug 7, 2026 | $0.06 |
| Jul 30, 2026 | Jul 31, 2026 | $0.14 |
| Jul 23, 2026 | Jul 24, 2026 | $0.10 |
| Jul 16, 2026 | Jul 17, 2026 | $0.08 |
| Jul 9, 2026 | Jul 10, 2026 | $0.06 |
| Jul 2, 2026 | Jul 6, 2026 | $0.05 |
APLY Risk
- 16.1%
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.
- 0.43
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.
- −31.0%
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.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
APLY Cost
- The middle half of Single-Stock Option Income funds
- Median 1.07%
30 of the 71 Single-Stock Option Income funds charge less.