AAPY vs RTYY

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

RTYYDGraniteShares YieldBoost RIOT 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).

RTYY Most single-stock income funds write calls on the stock. RTYY writes puts on a 2x RIOT vehicle instead, aiming for twice the option income of writing on RIOT itself, with gains capped at the premium collected.

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.

RTYY The Fund seeks 2 times the income generated by selling options on leveraged exchange-traded funds designed to deliver 2 times the daily performance of Riot Platforms, Inc. It also seeks exposure to that leveraged ETF, subject to a cap on potential 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.

• RTYY The premium engine is doubled by design: it sells options on a leveraged ETF built for 2x RIOT's daily move, targeting 2x the income of writing options on the stock directly.graniteshares.com
• Distributions are targeted weekly, and the put-writing happens inside an ordinary 1940 Act ETF, so there's no options approval or margin account on your end.graniteshares.com
• At 1.07% a year, the fee sits right at the middle of the single-stock option-income crowd. The leveraged twist doesn't carry a surcharge.

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.

• RTYY Upside is capped at the premium collected, while declines in the underlying leveraged ETF flow through to the fund. Income comes first, growth is not the job.graniteshares.com
• Single-stock volatility is the fuel: premiums are rich because RIOT swings hard, and the 2x reference ETF amplifies those swings in both directions.graniteshares.com
• Launched December 2025, it's still a small, thinly traded fund. Wider spreads and a short track record come with the territory.

Full AAPY profile⁠

Full RTYY profile⁠