Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
APLY vs IVV: how they differ
Over the year APLY returned more, +26.4% against +17.6%, and IVV charges 0.03% against 1.04%.
YieldMax(R) AAPL Option Income Strategy ETF and iShares Core S&P 500 ETF.
What they hold in common
By the books each fund has filed, APLY and IVV hold 0% of their money in the same securities at the same weight.
| Only in APLY | Only in IVV |
|---|---|
| TREASURY BILL 27.23% | NVIDIA Corp. 7.52% |
| TREASURY BILL 19.97% | Apple, Inc. 6.59% |
| TREASURY BILL 19.80% | Microsoft Corp. 4.30% |
| TREASURY BILL 19.47% | Amazon.com, Inc. 3.62% |
| TREASURY BILL 13.52% | Alphabet, Inc. 3.25% |
| Broadcom, Inc. 2.77% | |
| Alphabet, Inc. 2.59% | |
| Micron Technology, Inc. 2.02% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| APLY YieldMax(R) AAPL Option Income Strategy ETF | IVV iShares Core S&P 500 ETF | |
|---|---|---|
| Where it sits | Income ETF | Core index fund |
| Issuer | YieldMax | iShares |
| What it is | synthetic covered call, vs AAPL | S&P 500 |
| Total return, 1 year | +26.4% | +17.6% |
| S&P 500 over the same days | +45.0% | +17.5% |
| Gap to the S&P 500 | −18.6 pts | +0.1 pts |
| Cash paid, 1 year | 32.4% | not an income fund |
| Expense ratio | 1.04% | 0.03% |
| Holdings | not filed | 504 |
APLY in plain words
Over the year to Sep 11, 2026, APLY paid 32.4% of its starting value in cash distributions while its price fell 9.6%. With every distribution reinvested, the fund returned +26.4%. Apple (AAPL) returned +45.0% over the same days, so a holder was behind by 18.6 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 19.8%, paid weekly. YieldMax estimates that 84% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
IVV in plain words
IVV is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, APLY or IVV?
- In the year to Sep 12, 2026, with distributions reinvested, APLY returned +26.4% and IVV returned +17.6%, so APLY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, APLY or IVV?
- APLY charges 1.04% a year and IVV charges 0.03%, so IVV is cheaper. Fees come from each fund's prospectus.
- Are APLY and IVV the same kind of fund?
- No. APLY is an option-income ETF and IVV is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, APLY against IVV, data as of Sep 12, 2026. https://etfiq.com/compare/any/APLY-IVV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources