AAPY vs GOOP

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

GOOPBKurv Yield Premium Strategy Google (GOOGL) 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).

GOOP Monthly income on Alphabet, built from options rather than shares. A manager hand-picks strikes and expiries, one month out to twelve, and can swap in puts or spreads. Upside in GOOGL is capped by design. The income is the point.

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.

GOOP The fund seeks current income while retaining exposure to Alphabet Inc.'s common-stock share price, subject to a limit on potential investment gains.

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.

• GOOP Actively run, not a formula. The adviser picks strikes and expiries from one to twelve months out, and can use risk reversals, protective puts or call spreads instead of written calls.sec.gov
• 0.99% net of a waiver through September 30, 2027 (1.15% gross), near the category norm and under the 1.14% charged by GOOY, the other single-stock income fund built on Alphabet.
• Combined GOOGL exposure, synthetic plus any direct shares, is capped at 100% of net assets, with the options backed by a fixed income portfolio. Income strategy, not leverage.sec.gov
• Pays monthly, with the strategy written to run in all market conditions. One of the stronger implementations in a crowded single-stock income group.sec.gov

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.

• GOOP Gains on GOOGL are limited by the calls written, while most of the stock's downside still flows through. The mandate is current income first, share-price exposure second.sec.gov
• Discretion cuts both ways: outcomes hinge on the manager's strike and expiry calls, not a published rule, so it can behave differently from a mechanical covered-call fund.sec.gov
• A small fund that trades lightly, so spreads can be wide. Limit orders are the tool of choice.

Full AAPY profile⁠

Full GOOP profile⁠