AAPY vs AMZP

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

AMZPBKurv Yield Premium Strategy Amazon (AMZN) ETF

In short

AAPY Apple income without slamming the brakes on upside: AAPY builds its Apple exposure with options, sells calls above the market rather than at it, and pays monthly. Fee is 0.99% net of a waiver through September 30, 2027 (1.15% gross).

AMZP Amazon exposure built from options, not shares, with an actively run overlay that can sell plain calls, call spreads or risk reversals to fund a monthly payout. Fee: 0.99% net of a waiver through September 30, 2027.

Stated mandate

AAPY The Fund seeks current income while providing exposure to Apple Inc.'s share price, with potential gains limited by its options strategy.

AMZP The Fund seeks current income while providing exposure to Amazon common-stock share-price performance, with potential investment gains limited.

Why people hold it

• AAPY The calls it sells sit out of the money, and the prospectus allows buying higher-strike calls and put spreads, a toolkit aimed at keeping some room above the sold strike.sec.govsec.gov 2
• 0.99% net of a waiver through September 30, 2027 (1.15% gross) comes in under APLY, the other Apple options-income ETF, at 1.04%.
• Collateral sits in Treasury bills, income is paid monthly, and the portfolio matches what the filings describe.sec.gov
• One of the stronger builds in a crowded field of single-stock options-income funds.

• AMZP Discretion is the point: the manager can write plain calls, call spreads or risk reversals, structures meant to keep some upside while still collecting premium.kurvinvest.comsec.gov
• 0.99% net of a waiver through September 30, 2027 (1.15% gross) undercuts AMZY, the other Amazon option-income ETF, at 1.09%.
• Pays monthly, funded by option premium plus interest on the short-dated fixed income posted as collateral.kurvinvest.com
• Rates among the stronger implementations in a crowded single-stock options-income group.

Worth knowing

• AAPY Apple's full downside comes through the synthetic long position, while share-price gains are limited by the options strategy.sec.gov
• Monthly payouts can include return of capital, meaning part of a distribution may be your own money coming back.kurvinvest.com
• Small fund that trades thinly, so spreads can be wider than a mega-ETF's and large orders can move the price.

• AMZP Upside is limited by design: the fund's own objective states potential gains are capped, so a big Amazon run largely passes it by.
• Exposure is synthetic (buy calls, sell puts), so the fund holds options on Amazon rather than the shares themselves.sec.gov
• A small fund that trades thinly, so spreads can run wider than at the giants of this category.

Full AAPY profile⁠

Full AMZP profile⁠