AAPY vs XOMO

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

XOMOCYieldMax XOM 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).

XOMO XOMO points YieldMax's premium-harvesting machinery at an oil major, selling call spreads on Exxon Mobil rather than plain covered calls, aiming to bank option income while leaving room to ride part of XOM's move 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.

XOMO The fund is actively managed to generate weekly income by selling call spreads on Exxon Mobil Corp. It seeks to harvest option premiums while retaining some participation in Exxon Mobil'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.

• XOMO Sells call spreads, not plain covered calls: it writes one call and holds a higher strike, so XOM's upside runs to a ceiling instead of stopping at the money.yieldmaxetfs.com
• Energy, not another megacap tech name. The premium here is harvested from an oil major's volatility, a different engine than the tech-heavy end of this shelf.yieldmaxetfs.com
• Trading since 2023, part of the first wave of single-stock income ETFs, with a multi-year operating record through real crude-price swings.stockanalysis.com
• One of the sturdier builds in a crowded single-stock income field, judged on risk behavior and staying power rather than headline payout.

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.

• XOMO Costs 1.17% a year, above YieldMax siblings like TSMY and BRKC at 1.01%. Options-income plumbing is not cheap.
• You do not own Exxon here. The fund holds options backed by cash and Treasurys, so no XOM dividend and no shareholder vote.yieldmaxetfs.comstockanalysis.com
• Everything rides on one issuer, and gains stop at the spread's upper strike, so the income comes at the cost of Exxon's biggest run-ups.yieldmaxetfs.com

Full AAPY profile⁠

Full XOMO profile⁠