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AAPY vs XVAP

Kurv Yield Premium Strategy Apple (AAPL) ETF

AAPYACboe

FT Vest AAPL & Target Income ETF

XVAP—Cboe

Overlap

Expense ratio

XVAP −0.14pt a year

AAPY0.99%XVAP0.85%

Avg volume · 30D

AAPY 2.4×the volume

AAPY5.89KXVAP2.47K

AAPY vs XVAP Performance

Oct 5, 2026 – Nov 5, 2026

+4.2%AAPY+3.3%XVAP

Oct 5, 2026 to Nov 5, 2026. AAPY +4.2%. XVAP +3.3%. Use the arrow keys to read each point.0%1%2%5%6%Oct 5Oct 20Nov 5
Expense ratio
AAPY 0.99%
XVAP 0.85%, better
Fund size
AAPY $8M
XVAP $4M
1Y total return
AAPY +29.1%
XVAP No data
Yield (12M)
AAPY 10.71%
XVAP No data
Holdings
AAPY 6
XVAP 4
Avg volume (30D)
AAPY 5.89K sh, better
XVAP 2.47K sh
NAV per share
AAPY $28.83
XVAP $32.74
52W range

ETF.net Grade

  • —XVAPNot yet graded
AAPY: Cost 77, Risk 78, Mission 100, Tradability 61, Holdings 35, Durability 55.
Pillar letters and Scores for AAPY, XVAP, with each pillar’s weight
PillarAAPYXVAP
Cost30% weightA77Not scored
Mission25% weightA100Not scored
Risk15% weightA78Not scored
Tradability15% weightB61Not scored
Holdings10% weightD35Not scored
Durability5% weightB55Not scored

Rank among Single-Stock Option Income funds

How we build Categories ›

Single-Stock Option Income⁠

Category · 71 funds
See all 71 ›

AAPY ranks 4th 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 5ABRKCYieldMax BRK.B Option Income Strategy ETFScore 72
  6. XVAPNot yet graded

Our read on each fund

ETF.net Research

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

XVAP—FT Vest AAPL & Target Income 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).

XVAP No data

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.

XVAP No data

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.

XVAP No data

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.

XVAP No data

Full AAPY profile⁠

Full XVAP profile⁠

AAPY vs XVAP 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 XVAP Cost

Overpaying AAPY vs XVAP

$2,326

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

  • AAPY 0.99%

    $18,525

  • XVAP 0.85%

    $16,199

$10,000
30 years

Cost over time

  • AAPY 0.99%
  • XVAP 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPY $18,525XVAP $16,199

Year by year

YearAAPYXVAPOverpaying
10$1,746$1,508$238
20$6,565$5,706$859
30$18,525$16,199$2,326

Expense ratio

  • 0.99%AAPY
  • 0.85%XVAP, cheaper
  • Middle half of Single-Stock Option Income funds
  • Median 1.04%

XVAP 4th cheapest of 71 funds

AAPY 9th cheapest of 71 funds

AAPY vs XVAP Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
AAPY 10.71%
XVAP No data
Payout (12M)
AAPY $3.05
XVAP No data
Last payment
AAPY $0.25
XVAP $0.41
Ex-dividend
AAPY Oct 21, 2026
XVAP Oct 21, 2026
Paid on
AAPY Oct 22, 2026
XVAP Oct 30, 2026
Frequency
AAPY Monthly
XVAP 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
XVAPMonthly · 2 paymentsAll XVAP payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 24, 2026 $0.50; Oct 21, 2026 $0.41. Use the arrow keys to read each point.$0$220232026YTD

AAPY vs XVAP 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%XVAP No data
Return per unit of riskSharpe ratio, 3 years
AAPY 0.84XVAP No data
Worst fallMax drawdown, 5 years
AAPY −29.2%since Oct 2023XVAP No data
Market sensitivityBeta, 5 years
AAPY 0.75XVAP 0.00

AAPY and XVAP in the news

All news⁠

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