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AAPY vs AZYY

Kurv Yield Premium Strategy Apple (AAPL) ETF

AAPYACboe

GraniteShares YieldBOOST AMZN ETF

AZYYDNasdaq

Overlap

Expense ratio

AAPY −0.19pt a year

AAPY0.99%AZYY1.18%

Avg volume · 30D

AAPY 2.4×the volume

AAPY5.85KAZYY2.44K

AAPY vs AZYY Performance

Oct 31, 2025 – Oct 30, 2026

+28.3%AAPY−11.6%AZYY

Oct 31, 2025 to Oct 30, 2026. AAPY +28.3%. AZYY −11.6%. Use the arrow keys to read each point.−20%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPY 0.99%, better
AZYY 1.18%
Fund size
AAPY $8M
AZYY $2M
1Y total return
AAPY +28.3%, better
AZYY −11.6%
Yield (12M)
AAPY 10.78%
AZYY 55.52%, better
Holdings
AAPY 6
AZYY 5
Avg volume (30D)
AAPY 5.85K sh, better
AZYY 2.44K sh
NAV per share
AAPY $28.39
AZYY $14.03
52W range

ETF.net Grade

AAPY: Cost 77, Risk 77, Mission 100, Tradability 63, Holdings 35, Durability 56. AZYY: Cost 19, Risk 59, Mission 52, Tradability 46, Holdings not scored, Durability 44.
Pillar letters and Scores for AAPY, AZYY, with each pillar’s weight
PillarAAPYAZYY
Cost30% weightA77HigherF19
Mission25% weightA100HigherC52
Risk15% weightA77HigherB59
Tradability15% weightB63HigherC46
Holdings10% weightD35Not scored
Durability5% weightB56HigherC44

Rank among Single-Stock Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AAPY and AZYY are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds
See all 71 ›

AAPY ranks 4th and AZYY 43rd of 71 funds in the Single-Stock Option Income Category.

  1. Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
  2. Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
  3. Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
  4. Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
  5. Rank 5BBRKCYieldMax BRK.B Option Income Strategy ETFScore 70
  6. Rank 40CSMYYGraniteShares YieldBOOST SMCI ETFScore 43
  7. Rank 43DAZYYGraniteShares YieldBOOST AMZN ETFScore 40
  8. Rank 43CBBYYGraniteShares YieldBOOST BABA ETFScore 40

Our read on each fund

ETF.net Research

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

AZYYDGraniteShares YieldBOOST 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).

AZYY Most single-stock income funds write calls on the stock. AZYY goes the other way: it sells puts on ETFs built to move 2x Amazon's daily change, harvesting the richer premiums of a leveraged wrapper, with its upside to those ETFs capped by design.

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.

AZYY The fund seeks current income by selling put options, directly or through swaps, on leveraged ETFs designed to deliver twice the daily performance of Amazon common stock. It also seeks capped exposure to those leveraged ETFs.

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.
  • AZYY A different engine from the covered-call crowd: it sells put options, directly or through swaps, on ETFs designed to deliver twice Amazon's daily move.graniteshares.com
  • The 1.07% fee sits right at the going rate for single-stock option-income ETFs, so the exotic mechanics don't carry an exotic price tag.
  • Built as a registered 1940 Act fund, so it comes with standard ETF plumbing and 1099 reporting rather than a partnership or note structure.graniteshares.com

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.
  • AZYY The trade is asymmetric by construction: exposure to the leveraged Amazon ETFs is capped on the way up, while their amplified drawdowns are not.graniteshares.com
  • GraniteShares discloses that payouts can include return of capital, meaning part of a distribution can be your own money coming back to you.graniteshares.com
  • Launched in 2025 and among the smaller, lightly traded names in its niche, so spreads can be wide and the track record is short. Limit orders matter.

Full AAPY profile⁠

Full AZYY profile⁠

AAPY vs AZYY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAPY vs AZYY Cost

Overpaying AZYY vs AAPY

$3,018

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAPY 0.99%

    $18,525

  • AZYY 1.18%

    $21,543

$10,000
30 years

Cost over time

  • AAPY 0.99%
  • AZYY 1.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530AZYY $21,543AAPY $18,525

Year by year

YearAAPYAZYYOverpaying
10$1,746$2,065$319
20$6,565$7,697$1,132
30$18,525$21,543$3,018

Expense ratio

  • 0.99%AAPY, cheaper
  • 1.18%AZYY
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

AAPY 9th cheapest of 71 funds

AZYY 48th cheapest of 71 funds

AAPY vs AZYY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPY 10.78%
AZYY 55.52%, better
Payout (12M)
AAPY $3.05
AZYY $7.67
Last payment
AAPY $0.25
AZYY $0.10
Ex-dividend
AAPY Oct 21, 2026
AZYY Oct 30, 2026
Paid on
AAPY Oct 22, 2026
AZYY Pays Nov 3, 2026
Frequency
AAPY Monthly
AZYY Weekly

Distribution history

Per share, 2026, same scale for both

AAPYMonthly · 10 paymentsAll AAPY payments⁠
One bar per payment. 10 payments in 2026 YTD. Jan 21, 2026 $0.25; Feb 18, 2026 $0.25; Mar 18, 2026 $0.25; Apr 22, 2026 $0.25; May 20, 2026 $0.30; Jun 17, 2026 $0.25; Jul 22, 2026 $0.25; Aug 19, 2026 $0.25; Sep 16, 2026 $0.25; Oct 21, 2026 $0.25. Use the arrow keys to read each point.$0$0.252026YTD
AZYYWeekly · 44 paymentsAll AZYY payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.20; Jan 9, 2026 $0.19; Jan 16, 2026 $0.18; Jan 23, 2026 $0.18; Jan 30, 2026 $0.19; Feb 6, 2026 $0.18; Feb 13, 2026 $0.17; Feb 20, 2026 $0.16; Feb 27, 2026 $0.17; Mar 6, 2026 $0.17; Mar 13, 2026 $0.16; Mar 20, 2026 $0.16; Mar 27, 2026 $0.16; Apr 2, 2026 $0.15; Apr 10, 2026 $0.16; Apr 17, 2026 $0.16; Apr 24, 2026 $0.15; May 1, 2026 $0.16; May 8, 2026 $0.17; May 15, 2026 $0.16; May 22, 2026 $0.13; May 29, 2026 $0.11; Jun 5, 2026 $0.11; Jun 12, 2026 $0.10; Jun 18, 2026 $0.10; Jun 26, 2026 $0.10; Jul 2, 2026 $0.10; Jul 10, 2026 $0.10; Jul 17, 2026 $0.10; Jul 24, 2026 $0.10; Jul 31, 2026 $0.09; Aug 7, 2026 $0.10; Aug 14, 2026 $0.10; Aug 21, 2026 $0.10; Aug 28, 2026 $0.09; Sep 4, 2026 $0.09; Sep 11, 2026 $0.10; Sep 18, 2026 $0.09; Sep 25, 2026 $0.09; Oct 2, 2026 $0.09; Oct 9, 2026 $0.10; Oct 16, 2026 $0.10; Oct 23, 2026 $0.09; Oct 30, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD

AAPY vs AZYY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPY 18.4%AZYY 20.4%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
AAPY 0.84AZYY −0.25since Oct 2025
Worst fallMax drawdown, 5 years
AAPY −29.2%since Oct 2023AZYY −23.1%since Sep 2025
Market sensitivityBeta, 5 years
AAPY 0.75AZYY 0.97

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