AAPY vs. AAPL
Compare and contrast key facts about Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Apple Inc (AAPL).
AAPY is an actively managed fund by Kurv. It was launched on Oct 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPY or AAPL.
Key characteristics
| AAPY | AAPL | |
|---|---|---|
| YTD Return | 11.48% | 17.50% |
| 1Y Return | 13.91% | 20.69% |
| Sharpe Ratio | 0.84 | 1.00 |
| Sortino Ratio | 1.25 | 1.56 |
| Omega Ratio | 1.18 | 1.19 |
| Calmar Ratio | 1.12 | 1.35 |
| Martin Ratio | 2.87 | 3.17 |
| Ulcer Index | 4.98% | 7.07% |
| Daily Std Dev | 17.05% | 22.46% |
| Max Drawdown | -12.78% | -81.80% |
| Current Drawdown | -3.47% | -4.70% |
Correlation
The correlation between AAPY and AAPL is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPY vs. AAPL - Performance Comparison
In the year-to-date period, AAPY achieves a 11.48% return, which is significantly lower than AAPL's 17.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AAPY vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Apple Inc (AAPL). 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.
Dividends
AAPY vs. AAPL - Dividend Comparison
AAPY's dividend yield for the trailing twelve months is around 11.83%, more than AAPL's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.83% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.44% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
Drawdowns
AAPY vs. AAPL - Drawdown Comparison
The maximum AAPY drawdown since its inception was -12.78%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPY and AAPL. For additional features, visit the drawdowns tool.
Volatility
AAPY vs. AAPL - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 4.31%, while Apple Inc (AAPL) has a volatility of 4.82%. This indicates that AAPY experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.