AAPY vs GOOY

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

GOOYBYieldMax GOOGL 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).

GOOY GOOY doesn't own Alphabet. It rents it out. Options build the GOOGL exposure, and sold call spreads turn the stock's swings into a weekly paycheck while leaving some room to ride the shares higher.

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.

GOOY GOOY seeks weekly income by selling call spreads on Alphabet Inc. (GOOGL), while maintaining participation in GOOGL’s share-price appreciation.

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.

• GOOY Call spreads instead of plain written calls: the fund sells away a defined slice of upside, so it still aims to participate in GOOGL's share-price appreciation.yieldmaxetfs.com
• The income comes from harvesting option premium on Alphabet's volatility, not from dividends, and the fund intends to pay it out on a weekly schedule.yieldmaxetfs.com
• One of the more actively traded names in a crowded single-stock income field, so getting a fill usually isn't the hard part.
• Running since 2023, it's an early entry in the single-stock income wave and sits in the stronger half of that peer group on our review.

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.

• GOOY The 1.14% expense ratio runs a little above the typical fund in this category, and that tab is paid whether or not the premium engine cooperates.
• It all rides on one company. Exposure is built with options rather than Alphabet shares, so there's no diversification cushion and no direct ownership of the stock.yieldmaxetfs.com
• Payouts can include return of capital, meaning part of a distribution may be your own money handed back, which trims your cost basis.yieldmaxetfs.com

Full AAPY profile⁠

Full GOOY profile⁠