AAPW vs. TSMY
AAPW (AAPL WeeklyPay™ ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AAPW returned 57.24% vs 68.56% for TSMY. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
AAPW vs. TSMY - Performance Comparison
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Returns By Period
In the year-to-date period, AAPW achieves a 16.63% return, which is significantly lower than TSMY's 33.96% return.
AAPW
- 1D
- -0.95%
- 1M
- 9.34%
- 6M
- 22.31%
- YTD
- 16.63%
- 1Y
- 57.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMY
- 1D
- 0.44%
- 1M
- 0.34%
- 6M
- 24.41%
- YTD
- 33.96%
- 1Y
- 68.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPW vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPW AAPL WeeklyPay™ ETF | 16.63% | 8.71% |
TSMY YieldMax TSM Option Income Strategy ETF | 33.96% | 42.09% |
Correlation
The correlation between AAPW and TSMY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.22 |
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Return for Risk
AAPW vs. TSMY — Risk / Return Rank
AAPW
TSMY
AAPW vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) and YieldMax TSM Option Income Strategy ETF (TSMY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAPW | TSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 4.45 | -1.13 |
| Martin ratioReturn relative to average drawdown | 7.90 | 15.21 | -7.31 |
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Drawdowns
AAPW vs. TSMY - Drawdown Comparison
The maximum AAPW drawdown since its inception was -36.28%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for AAPW and TSMY.
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Drawdown Indicators
| AAPW | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -31.15% | -5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -15.50% | -1.86% |
Current DrawdownCurrent decline from peak | -0.95% | -9.30% | +8.35% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -5.45% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | 4.52% | +2.75% |
Volatility
AAPW vs. TSMY - Volatility Comparison
The current volatility for AAPL WeeklyPay™ ETF (AAPW) is 11.23%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 14.56%. This indicates that AAPW experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPW | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.23% | 14.56% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.49% | 26.92% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.30% | 32.62% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.87% | 34.35% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.87% | 34.35% | +0.52% |
AAPW vs. TSMY - Expense Ratio Comparison
Both AAPW and TSMY have an expense ratio of 0.99%.
Dividends
AAPW vs. TSMY - Dividend Comparison
AAPW's dividend yield for the trailing twelve months is around 29.92%, less than TSMY's 52.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPW AAPL WeeklyPay™ ETF | 29.92% | 28.83% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 52.63% | 56.76% | 13.71% |
Frequently Asked Questions
AAPW and TSMY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSMY has higher volatility (14.56%) compared to AAPW (11.23%). In terms of maximum drawdown, AAPW dropped -36.28% vs TSMY's -31.15%.
On 1-year performance, TSMY leads with 68.56% vs 57.24% for AAPW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 11.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSMY has performed better with a 68.56% return vs 57.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AAPW and TSMY have the same expense ratio: 0.99% per year.
TSMY has the higher dividend yield at 52.63%, compared with 29.92% for AAPW.
They also come from different issuers: Roundhill and YieldMax.
TSMY currently has the higher Sharpe Ratio (2.11 vs 1.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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