AAPY vs GMEY

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

GMEYCYieldMax GME 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).

GMEY GameStop, with a paycheck attached. GMEY sells call spreads on GME to convert the stock's option premiums into income, while keeping a lane open for some of the share-price appreciation.

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.

GMEY The fund is actively managed to generate weekly income by selling call spreads on GameStop Corp (GME), while seeking participation in the appreciation of its share price.

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.

• GMEY Spreads, not a hard ceiling. The fund sells calls on GME and owns a higher-strike call against them, so a rally isn't cut off at a single strike.yieldmaxetfs.com
• Fee of 1.01% lands under the median for single-stock option-income funds, so the income engine isn't paying a premium price for the privilege.
• Actively managed with one stated job: generate income week to week from GME options, on a set distribution schedule rather than a fixed index recipe.yieldmaxetfs.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.

• GMEY The trade is asymmetric by design: you carry GME's declines while the short calls trim the upside, and the exposure is built from options rather than actual shares.
• A small fund that doesn't trade heavily. Bid-ask spreads can be wider than on the giants of the option-income shelf, which shows up in your execution price.
• It launched in 2025 and isn't the only GME income wrapper on the shelf. IGME aims at the same stock for 0.96%.

Full AAPY profile⁠

Full GMEY profile⁠