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AAPY vs SCA

Kurv Yield Premium Strategy Apple (AAPL) ETF

AAPYACboe

Graniteshares Autocallable Smci ETF

SCADNasdaq

Overlap

Expense ratio

AAPY −0.19pt a year

AAPY0.99%SCA1.18%

Avg volume · 30D

AAPY 1.7×the volume

AAPY5.9KSCA3.55K

AAPY vs SCA Performance

Aug 7, 2026 – Nov 9, 2026

+13.0%AAPY+13.9%SCA

Aug 7, 2026 to Nov 9, 2026. AAPY +13.0%. SCA +13.9%. Use the arrow keys to read each point.−5%0%5%20%25%Aug 2026Sep 2026Nov 2026
Expense ratio
AAPY 0.99%, better
SCA 1.18%
Fund size
AAPY $8M
SCA $4M
1Y total return
AAPY +31.9%
SCA No data
Yield (12M)
AAPY 10.54%
SCA No data
Holdings
AAPY 7
SCA 1
Avg volume (30D)
AAPY 5.9K sh, better
SCA 3.55K sh
NAV per share
AAPY $28.20
SCA $23.20
52W range

ETF.net Grade

AAPY: Cost 77, Risk 80, Mission 100, Tradability 61, Holdings 36, Durability 55. SCA: Cost 19, Risk 65, Mission not scored, Tradability 27, Holdings not scored, Durability 41.
Pillar letters and Scores for AAPY, SCA, with each pillar’s weight
PillarAAPYSCA
Cost30% weightA77HigherF19
Mission25% weightA100Not scored
Risk15% weightA80HigherB65
Tradability15% weightB61HigherD27
Holdings10% weightD36Not scored
Durability5% weightB55HigherC41

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 SCA 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 SCA 60th 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 82
  4. Rank 4AAAPYKurv Yield Premium Strategy Apple (AAPL) ETFScore 79
  5. Rank 5ABRKCYieldMax BRK.B Option Income Strategy ETFScore 71
  6. Rank 59DAZYYGraniteShares YieldBOOST AMZN ETFScore 34
  7. Rank 60DSCAGraniteshares Autocallable Smci ETFScore 33
  8. Rank 61DCWYGraniteShares YieldBOOST CRWV ETFScore 32

Our read on each fund

ETF.net Research

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

SCADGraniteshares Autocallable Smci 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).

SCA Autocallables have mostly lived inside bank-issued structured notes. SCA puts that payoff on Super Micro Computer in an ETF wrapper: a laddered book of contracts with coupon barriers, early-call triggers and limited downside protection, priced and traded daily.

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.

SCA The Fund seeks to generate income through a portfolio of autocallable instruments linked to Super Micro Computer, Inc., with limited downside protection.

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.
  • SCA Autocallable income used to arrive as a bank-issued note. GraniteShares brought the structure to US-listed ETFs in 2026, with daily pricing and exchange trading.graniteshares.comgraniteshares.com 2
  • Holds a ladder of autocallables on one stock at staggered barriers and observation dates, so one bad observation doesn't switch off the entire coupon stream.graniteshares.comgraniteshares.com 2
  • Fee of 1.07% sits right at the middle of its single-stock options-income peer group, and the fund handles barrier monitoring, rolling and reinvestment internally.graniteshares.com
  • Targets monthly distributions, with a maturity barrier that defines a band of downside protection before stock losses pass through.graniteshares.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.
  • SCA Coupons are contingent, not fixed: if the stock sits below the coupon barrier on an observation date, no coupon is paid for that period.graniteshares.com
  • Below the maturity barrier, the stock's full downside passes through, while early calls end future coupons. Income first, not equity upside.graniteshares.com
  • Launched in 2026 and thinly traded since, so short history and bid-ask spreads matter. The covered-call route on the same stock (SMCY) charges 1.01%.

Full AAPY profile⁠

Full SCA profile⁠

AAPY vs SCA 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 SCA Cost

Overpaying SCA vs AAPY

$3,018

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

  • AAPY 0.99%

    $18,525

  • SCA 1.18%

    $21,543

$10,000
30 years

Cost over time

  • AAPY 0.99%
  • SCA 1.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SCA $21,543AAPY $18,525

Year by year

YearAAPYSCAOverpaying
10$1,746$2,065$319
20$6,565$7,697$1,132
30$18,525$21,543$3,018

Expense ratio

  • 0.99%AAPY, cheaper
  • 1.18%SCA
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

AAPY 9th cheapest of 71 funds

SCA 48th cheapest of 71 funds

AAPY vs SCA Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
AAPY 10.54%
SCA No data
Payout (12M)
AAPY $3.05
SCA No data
Last payment
AAPY $0.25
SCA $0.78
Ex-dividend
AAPY Oct 21, 2026
SCA Oct 7, 2026
Paid on
AAPY Oct 22, 2026
SCA Oct 9, 2026
Frequency
AAPY Monthly
SCA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AAPYMonthly · 36 paymentsAll AAPY payments⁠
One bar per payment. 36 payments from 2023 to 2026 YTD. Nov 22, 2023 $0.33; Dec 20, 2023 $0.25; Jan 24, 2024 $0.24; Feb 21, 2024 $0.23; Mar 20, 2024 $0.23; Apr 24, 2024 $0.22; May 22, 2024 $0.24; Jun 26, 2024 $0.27; Jul 24, 2024 $0.28; Aug 21, 2024 $0.30; Sep 25, 2024 $0.30; Oct 23, 2024 $0.29; Nov 20, 2024 $0.29; Dec 24, 2024 $1.75; Jan 23, 2025 $0.30; Feb 19, 2025 $0.30; Mar 19, 2025 $0.30; Apr 16, 2025 $0.25; May 21, 2025 $0.25; Jun 17, 2025 $0.25; Jul 16, 2025 $0.25; Aug 20, 2025 $0.25; Sep 17, 2025 $0.25; Oct 22, 2025 $0.25; Nov 19, 2025 $0.25; Dec 17, 2025 $0.25; 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$220232026YTD
SCAMonthly · 5 paymentsAll SCA payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Jun 3, 2026 $0.80; Jul 1, 2026 $0.83; Aug 12, 2026 $0.81; Sep 9, 2026 $0.79; Oct 7, 2026 $0.78. Use the arrow keys to read each point.$0$220232026YTD

AAPY vs SCA 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%SCA No data
Return per unit of riskSharpe ratio, 3 years
AAPY 0.84SCA No data
Worst fallMax drawdown, 5 years
AAPY −29.2%since Oct 2023SCA No data
Market sensitivityBeta, 5 years
AAPY 0.75SCA 1.57

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