- ISIN
- US88634T8577
- CUSIP
- 88634T857
- Issuer
- YieldMax
- Inception Date
- Apr 17, 2023
- Region
- North America (U.S.)
- Category
- Derivative Income, Options Trading, Actively Managed
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $119M
Highlights
- Avg. Volume (1M)
- 136K
- Avg. Volume Value (1M)
- $1.69M
Share Price Chart
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Performance
APLY Performance Chart
YieldMax AAPL Option Income Strategy ETF (APLY) is up 7.1% since the beginning of the year. APLY is currently trading at $12 per share.
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Returns By Period
YieldMax AAPL Option Income Strategy ETF (APLY) has returned 7.08% so far this year and 31.95% over the past 12 months.
YieldMax AAPL Option Income Strategy ETF
- 1D
- -7.10%
- 1M
- -1.04%
- 6M
- 11.70%
- YTD
- 7.08%
- 1Y
- 31.95%
- 3Y*
- 8.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.72%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
APLY Monthly Returns History
Based on dividend-adjusted daily data since Apr 18, 2023, APLY's average daily return is +0.06%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was May 2026 with a return of +11.1%, while the worst month was Sep 2023 at -8.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, APLY closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +13.7%, while the worst single day was Apr 3, 2025 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.13% | 0.59% | -2.08% | 4.74% | 11.13% | -6.47% | 4.16% | 7.08% | |||||
| 2025 | -5.42% | 2.29% | -7.10% | -3.49% | -4.04% | 1.34% | 2.77% | 8.68% | 5.19% | 4.12% | 3.62% | -2.09% | 4.69% |
| 2024 | -3.35% | -1.04% | -2.56% | 0.34% | 6.42% | 5.59% | 1.37% | 3.21% | 2.37% | -3.05% | 5.39% | 3.15% | 18.62% |
| 2023 | 1.30% | 5.30% | 7.25% | 2.05% | -7.04% | -8.06% | 1.04% | 8.34% | 2.03% | 11.43% |
Benchmark Metrics
YieldMax AAPL Option Income Strategy ETF has an annualized alpha of -2.56%, beta of 0.89, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since April 18, 2023.
- This ETF participated in 91.68% of S&P 500 Index downside but only 71.03% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.56%
- Beta
- 0.89
- R²
- 0.36
- Upside Capture
- 71.03%
- Downside Capture
- 91.68%
Expense Ratio
APLY has a high expense ratio of 1.04%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APLY ranks 58 for risk / return — above 58% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APLY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.00 | +0.50 |
| Martin ratioReturn relative to average drawdown | 6.00 | 8.49 | -2.49 |
Dividends
Dividend History
YieldMax AAPL Option Income Strategy ETF provided a 36.59% dividend yield over the last twelve months, with an annual payout of $4.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.26 | $4.85 | $4.50 | $2.82 |
Dividend yield | 36.59% | 36.38% | 24.95% | 14.36% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax AAPL Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.24 | $0.38 | $0.23 | $0.38 | $0.45 | $0.39 | $0.43 | $2.51 | |||||
| 2025 | $0.28 | $0.53 | $0.34 | $0.30 | $0.65 | $0.31 | $0.68 | $0.35 | $0.36 | $0.42 | $0.34 | $0.28 | $4.85 |
| 2024 | $0.56 | $0.17 | $0.42 | $0.38 | $0.34 | $0.40 | $0.32 | $0.35 | $0.45 | $0.34 | $0.33 | $0.42 | $4.50 |
| 2023 | $0.29 | $0.63 | $0.56 | $0.23 | $0.48 | $0.17 | $0.47 | $2.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax AAPL Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax AAPL Option Income Strategy ETF was 30.41%, occurring on Apr 8, 2025. Recovery took 139 trading sessions.
The current YieldMax AAPL Option Income Strategy ETF drawdown is 8.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-30.41%Apr 2025 | 3mo 12d | 6mo 22d | 10mo 4dDec 2024 - Oct 2025 | 2025 selloff2025 |
-15.85%Oct 2023 | 2mo 26d | 7mo 25d | 10mo 21dAug 2023 - Jun 2024 | — |
-11.76%Mar 2026 | 3mo 16d | 1mo 18d | 5mo 4dDec 2025 - May 2026 | — |
-11.72%Jun 2026 | 22d | 20d | 1mo 12dJun 2026 - Jul 2026 | — |
-9.44%Aug 2024 | 20d | 1mo 25d | 2mo 15dJul 2024 - Sep 2024 | — |
Drawdown Indicators
| APLY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -56.78% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -9.10% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -18.90% | -11.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.69% | -1.58% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -10.70% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.14% | +2.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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