Which paid more, AAPY or APLY?

Over the year to Sep 30, 2026, AAPY paid 12.8% of its starting price in cash and APLY paid 29.6%, so APLY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, AAPY or APLY?

With every distribution reinvested, AAPY returned +30.6% and APLY +19.1% over the year to Sep 30, 2026.

Which is cheaper, AAPY or APLY?

AAPY charges 0.99% a year and APLY charges 1.04%, so AAPY is cheaper. Fees come from each fund's prospectus.

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AAPY vs APLY: which paid, and which earned it?

Over the year APLY paid 29.6% of its price in cash against AAPY’s 12.8%, though AAPY returned more with it reinvested. Kurv Yield Premium Strategy Apple (AAPL) ETF and YieldMax(R) AAPL Option Income Strategy ETF.

12.8%

AAPY cash paid, 1 year

29.6%

APLY cash paid, 1 year

+30.6%

AAPY total return, 1 year

+19.1%

APLY total return, 1 year

AAPY · 1 year to Sep 30, 20260.7 pts behind AAPL

AAPY

+30.6%

AAPL

+31.3%

0.7 pts behind AAPL

AAPY over 1 year: paid 12.8%, price +15.5%, total +30.6%, AAPL +31.3%, −0.7 pts.

AAPL

+31.3%

AAPY

+30.6%

12.8% of it arrived as cash

0.7 pts behind AAPL

Total return, distributions reinvested

0.7 pts behind AAPL

AAPY over 1 year: paid 12.8%, price +15.5%, total +30.6%, AAPL +31.3%, −0.7 pts.

AAPL

+31.3%

AAPY

+30.6%

0.7 pts behind AAPL

12.8% of it arrived as cash. Total return, distributions reinvested. AAPY over 1 year: paid 12.8%, price +15.5%, total +30.6%, AAPL +31.3%, −0.7 pts.

APLY · 1 year to Sep 30, 202612.1 pts behind AAPL

APLY

+19.1%

AAPL

+31.3%

12.1 pts behind AAPL

APLY over 1 year: paid 29.6%, price −13.6%, total +19.1%, AAPL +31.3%, −12.1 pts.

AAPL

+31.3%

APLY

+19.1%

29.6% of it arrived as cash

12.1 pts behind AAPL

Total return, distributions reinvested

12.1 pts behind AAPL

APLY over 1 year: paid 29.6%, price −13.6%, total +19.1%, AAPL +31.3%, −12.1 pts.

AAPL

+31.3%

APLY

+19.1%

29.6% cash

12.1 pts behind AAPL

29.6% of it arrived as cash. Both charts share one scale, 0 to +31.3%. APLY over 1 year: paid 29.6%, price −13.6%, total +19.1%, AAPL +31.3%, −12.1 pts.

ETFIQ Return Stability Score · AAPY scores higherWas the payout funded by returns, or by your own capital?

AAPY 80

APLY 53.6

7.2, the lowest in this set97.2, the highest

A percentile among the 70 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, AAPY and APLY hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 1, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding AAPY APLY

Only in AAPY

TREASURY BILL 41.49%

TREASURY BILL 34.20%

TREASURY BILL 24.31%

Only in APLY

United States Treasury Bill 10/15/2026 26.56%

United States Treasury Bill 07/08/2027 24.89%

United States Treasury Note/Bond 2.375% 05/15/2027 19.44%

United States Treasury Bill 02/18/2027 18.83%

AAPL US 10/16/26 C310 6.82%

United States Treasury Bill 12/10/2026 1.86%

AAPL 10/16/2026 310.01 C 1.36%

First American Government Obligations Fund 12/01/2031 0.60%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	AAPY	APLY	AAPY	APLY	AAPY	APLY
3 months	+13.2%	+8.4%	3.0%	7.8%	−0.1 pts	−4.8 pts
6 months	+32.2%	+19.3%	7.0%	18.2%	+1.7 pts	−11.2 pts
1 year	+30.6%	+19.1%	12.8%	29.6%	−0.7 pts	−12.1 pts
3 years	not published	+56.7%	not published	72.3%	not published	−40.4 pts
Since launch AAPY Oct 2023 · APLY Apr 2023	+68.6%	+56.6%	42.7%	75.1%	−32.0 pts	−46.7 pts

AAPY and APLY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AAPY

Kurv Yield Premium Strategy Apple (AAPL) ETF · Synthetic covered call on AAPL, paying monthly

APLY

YieldMax(R) AAPL Option Income Strategy ETF · Synthetic covered call on AAPL, paying weekly

Issuer Kurv YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark Apple (AAPL) Apple (AAPL)

Pays monthly weekly

Payout rate, annualized 10.9% 34.6%

Expense ratio 0.99% 1.04%

Cash paid, 1 year 12.8% 29.6%

Price change, 1 year +15.5% −13.6%

Total return, 1 year +30.6% +19.1%

Benchmark return, 1 year +31.3% +31.3%

Ahead or behind −0.7 pts −12.1 pts

Return of capital, latest estimate 83% 92%

Age 1069 days 1261 days

Net assets $8m $121m

AAPY and APLY on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AAPY in plain words

Over the year to Sep 30, 2026, AAPY paid 12.8% of its starting value in cash distributions while its price rose 15.5%. With every distribution reinvested, the fund returned +30.6%. Apple (AAPL) returned +31.3% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 10.9%, paid monthly. Kurv estimates that 83% of the distribution paid Aug 20, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

APLY in plain words

Over the year to Sep 30, 2026, APLY paid 29.6% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned +19.1%. Apple (AAPL) returned +31.3% over the same days, so a holder was behind by 12.1 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 34.6%, paid weekly. YieldMax estimates that 92% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, AAPY or APLY?: Over the year to Sep 30, 2026, AAPY paid 12.8% of its starting price in cash and APLY paid 29.6%, so APLY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AAPY or APLY?: With every distribution reinvested, AAPY returned +30.6% and APLY +19.1% over the year to Sep 30, 2026.
Which is cheaper, AAPY or APLY?: AAPY charges 0.99% a year and APLY charges 1.04%, so AAPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

AAPY vs AAPW AAPY vs XVAP APLY vs MSFO APLY vs MSTY APLY vs NVDY APLY vs OARK APLY vs QDTE APLY vs QQQI

AAPY on its own →APLY on its own →How every figure is computed →Standards and sources →

Where these figures came from

AAPY filings on SEC EDGAR ↗AAPY 19a-1 distribution notice ↗Kurv page for AAPY ↗APLY filings on SEC EDGAR ↗APLY prospectus with the expense ratio (SEC) ↗APLY 19a-1 distribution notice ↗YieldMax page for APLY ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AAPY against APLY, data as of Sep 30, 2026. https://etfiq.com/compare/income/aapy-vs-aply

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.