AAPY vs BRKC

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

BRKCBYieldMax BRK.B Option Income Strategy 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).

BRKC YieldMax points its option-income machinery at the ultimate buy-and-hold name. BRKC sells upside on Berkshire Hathaway to generate current income, and it never actually owns the shares.

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.

BRKC BRKC seeks current income while providing indirect exposure to the share-price returns of Berkshire Hathaway Inc. (BRK.B), with potential gains limited by its options strategy.

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.

• BRKC Expense ratio of 1.01%, a shade under the median for single-stock option-income ETFs, in a corner of the market where 1%-plus is the entry fee.
• Grades out in the top slice of its single-stock option-income peer group, helped by a calmer measured risk profile than most funds built this way.
• Mechanics stated up front: a synthetic covered call spread on BRK.B seeking current income plus indirect exposure to the stock's price moves, with gains limited by the options.

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.

• BRKC You hold an options package, not Berkshire stock. The call spread caps how much of a big BRK.B run-up reaches you.
• The fund discloses that distributions can include return of capital, meaning part of a payout may be your own capital coming back, which lowers net asset value.
• Launched in 2025 and still small and thinly traded, which can mean wider bid-ask spreads and a short history to judge the strategy on.

Full AAPY profile⁠

Full BRKC profile⁠