AAPY vs PLTY

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

PLTYBYieldMax PLTR 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).

PLTY Palantir's volatility is the raw material here. PLTY writes calls on PLTR and turns the premium into cash income, holding options and short-term Treasuries rather than the stock itself.

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.

PLTY The Fund seeks current income while providing indirect exposure to PLTR's share-price returns. The strategy generally limits 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.

• PLTY Built on one of the market's loudest, most volatile large caps, where option premiums run rich. Treasury bills sit underneath as collateral and add their own income.sec.govyieldmaxetfs.com
• The 1.07% fee lands right at the median for single-stock option-income funds, so the Palantir version costs no more than the rest of the shelf.
• Sits in the upper half of a crowded field of single-stock income overlays, a category where plenty of look-alikes launched and few stand out.

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.

• PLTY Lopsided by design: sold calls cap the upside, while sold at-the-money puts pass through the full extent of PLTR's share-price losses.sec.gov
• Part of a payout can be return of capital, meaning your own money handed back rather than income the fund earned.yieldmaxetfs.comyieldmaxetfs.com 2
• You never own Palantir. Exposure runs through options on the stock, so there are no shareholder rights and results hinge on the options book.sec.gov

Full AAPY profile⁠

Full PLTY profile⁠