AAPY vs YBST

AAPYAKurv Yield Premium Strategy Apple (AAPL) ETF

YBSTFGraniteShares YieldBoost Single Stock Universe 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).

YBST A one-ticker wrapper on the GraniteShares YieldBOOST suite: funds that sell puts on leveraged single-stock ETFs to harvest outsized premiums, spread across many names instead of riding one.

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.

YBST YBST seeks current income as its primary objective and exposure to a diversified group of YieldBOOST ETFs as its secondary objective. It is actively managed and invests primarily in YieldBOOST ETFs whose options strategies reference U.S.-listed securities.

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.

• YBST One ticker holds the whole YieldBOOST lineup, so income is sourced from many single-stock options strategies rather than one name's volatility.graniteshares.com
• Premiums are large because the options sit on leveraged single-stock ETFs; each trade pairs a near-the-money short put with a further out-of-the-money long put.graniteshares.com
• Income is distributed weekly rather than monthly, per the fund's own documents.graniteshares.com
• GraniteShares charges 0.29% to run the fund itself, in line with the category's cheapest options-income funds such as PAPI.sec.gov

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.

• YBST All-in cost is 1.38%: the 0.29% management fee stacked on 0.99% of underlying-fund fees. Top-graded peers like PAPI and ROCY run under 0.40% total.sec.gov
• Distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earned income.graniteshares.com
• Young and thinly traded: it launched in December 2025, so the record is short and spreads can run wider than in large income ETFs.

Full AAPY profile⁠

Full YBST profile⁠