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AAPY vs HOOY

Kurv Yield Premium Strategy Apple (AAPL) ETF

AAPYACboe

YieldMax HOOD Option Income Strategy ETF

HOOYBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

AAPY0.99%HOOY0.99%

Avg volume · 30D

HOOY 25.0×the volume

AAPY5.85KHOOY146K

AAPY vs HOOY Performance

Oct 31, 2025 – Oct 30, 2026

+28.3%AAPY−38.6%HOOY

Oct 31, 2025 to Oct 30, 2026. AAPY +28.3%. HOOY −38.6%. Use the arrow keys to read each point.−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPY 0.99%
HOOY 0.99%
Fund size
AAPY $8M
HOOY $106M
1Y total return
AAPY +28.3%, better
HOOY −38.6%
Yield (12M)
AAPY 10.78%
HOOY 130.05%, better
Holdings
AAPY 6
HOOY 12
Avg volume (30D)
AAPY 5.85K sh
HOOY 146K sh, better
NAV per share
AAPY $28.39
HOOY $19.99
52W range

ETF.net Grade

AAPY: Cost 77, Risk 77, Mission 100, Tradability 63, Holdings 35, Durability 56. HOOY: Cost 77, Risk 25, Mission 70, Tradability 64, Holdings not scored, Durability 70.
Pillar letters and Scores for AAPY, HOOY, with each pillar’s weight
PillarAAPYHOOY
Cost30% weightA77A77
Mission25% weightA100HigherA70
Risk15% weightA77HigherD25
Tradability15% weightB63B64Higher
Holdings10% weightD35Not scored
Durability5% weightB56A70Higher

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 HOOY 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 HOOY 8th 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 7BAMZPKurv Yield Premium Strategy Amazon (AMZN) ETFScore 66
  7. Rank 8BHOOYYieldMax HOOD Option Income Strategy ETFScore 63
  8. Rank 8BJPOYieldMax JP Option Income Strategy ETFScore 63

Our read on each fund

ETF.net Research

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

HOOYBYieldMax HOOD 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).

HOOY Most single-stock income funds sell calls and slam the lid on upside. HOOY sells call spreads on Robinhood stock, harvesting option premium while keeping a slice of the move above the short strike.

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.

HOOY The fund seeks weekly income by selling call spreads on HOOD while retaining some participation in HOOD'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.
  • HOOY The call-spread design is the point: the fund aims for option income while retaining some participation in HOOD's share-price appreciation, rather than capping it flat at one strike.yieldmaxetfs.com
  • 0.99% expense ratio, below the going rate for single-stock option-income funds and under the 1.07% charged by sibling HOOD income fund HOYY.
  • Income is the stated mission, on a weekly cadence, and the fund ranks among the stronger implementations in a crowded single-stock overlay peer group.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.
  • HOOY Exposure is synthetic: the fund uses options on HOOD rather than owning the shares, so there are no shareholder rights and no company dividends passed through.
  • One stock drives everything. Downside largely follows HOOD, and premium income moves with HOOD's option volatility, so payout size varies period to period.
  • Launched in 2025, so the track record is short relative to older option-income strategies.

Full AAPY profile⁠

Full HOOY profile⁠

AAPY vs HOOY 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 HOOY Cost

Same expense ratio

$18,525

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

  • AAPY 0.99%

    $18,525

  • HOOY 0.99%

    $18,525

$10,000
30 years

Cost over time

  • AAPY 0.99%
  • HOOY 0.99%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPY $18,525HOOY $18,525

Year by year

YearAAPYHOOY
10$1,746$1,746
20$6,565$6,565
30$18,525$18,525

Expense ratio

  • 0.99%AAPY
  • 0.99%HOOY
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

AAPY 9th cheapest of 71 funds

HOOY 9th cheapest of 71 funds

AAPY vs HOOY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPY 10.78%
HOOY 130.05%, better
Payout (12M)
AAPY $3.05
HOOY $25.72
Last payment
AAPY $0.25
HOOY $0.26
Ex-dividend
AAPY Oct 21, 2026
HOOY Oct 29, 2026
Paid on
AAPY Oct 22, 2026
HOOY Oct 30, 2026
Frequency
AAPY Monthly
HOOY 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$0.502026YTD
HOOYWeekly · 44 paymentsAll HOOY payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.57; Jan 8, 2026 $0.55; Jan 15, 2026 $0.55; Jan 22, 2026 $0.46; Jan 29, 2026 $0.45; Feb 5, 2026 $0.36; Feb 12, 2026 $0.34; Feb 19, 2026 $0.33; Feb 26, 2026 $0.34; Mar 5, 2026 $0.38; Mar 12, 2026 $0.43; Mar 19, 2026 $0.42; Mar 26, 2026 $0.38; Apr 2, 2026 $0.38; Apr 9, 2026 $0.40; Apr 16, 2026 $0.44; Apr 23, 2026 $0.68; Apr 30, 2026 $0.50; May 7, 2026 $0.41; May 14, 2026 $0.43; May 21, 2026 $0.36; May 28, 2026 $0.34; Jun 4, 2026 $0.61; Jun 11, 2026 $0.35; Jun 18, 2026 $0.55; Jun 25, 2026 $0.65; Jul 2, 2026 $0.43; Jul 9, 2026 $0.67; Jul 16, 2026 $0.63; Jul 23, 2026 $0.41; Jul 30, 2026 $0.33; Aug 6, 2026 $0.31; Aug 13, 2026 $0.31; Aug 20, 2026 $0.31; Aug 27, 2026 $0.39; Sep 3, 2026 $0.36; Sep 10, 2026 $0.58; Sep 17, 2026 $0.41; Sep 24, 2026 $0.46; Oct 1, 2026 $0.43; Oct 8, 2026 $0.34; Oct 15, 2026 $0.30; Oct 22, 2026 $0.26; Oct 29, 2026 $0.26. Use the arrow keys to read each point.$0$0.502026YTD

AAPY vs HOOY 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%HOOY 53.9%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
AAPY 0.84HOOY 0.32since Jun 2025
Worst fallMax drawdown, 5 years
AAPY −29.2%since Oct 2023HOOY −51.0%since May 2025
Market sensitivityBeta, 5 years
AAPY 0.75HOOY 1.97

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