AAPY vs. AAPL

Last updated Aug 1, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) is Derivative Income fund actively managed by Kurv, while AAPL (Apple Inc) is a stock. Over the past year, AAPY returned 38.20% vs 53.24% for AAPL. Their 0.96 correlation means they have historically moved very closely together.

Performance

AAPY vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPY achieves a 11.62% return, which is significantly lower than AAPL's 13.84% return.

AAPY

• 1D: -7.73%
• 1M: -0.78%
• 6M: 17.72%
• YTD: 11.62%
• 1Y: 38.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.02%

AAPL

• 1D: -7.35%
• 1M: 0.09%
• 6M: 19.27%
• YTD: 13.84%
• 1Y: 53.24%
• 3Y*: 16.99%
• 5Y*: 16.79%
• 10Y*: 29.23%
• ALL TIME*: 19.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPL Apple Inc	$19.18B	$17.68B	$17.20B
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	$210.67K	$187.15K	$144.01K

AAPY vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.62%	5.04%	20.54%	9.18%
AAPL Apple Inc	13.84%	9.05%	30.71%	15.52%

Correlation

The correlation between AAPY and AAPL is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.96

The correlation between AAPY and AAPL has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

AAPY vs. AAPL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPY

AAPY Risk / Return Rank: 60
AAPY Sharpe Ratio Rank: 58
AAPY Sortino Ratio Rank: 53
AAPY Omega Ratio Rank: 63
AAPY Calmar Ratio Rank: 72
AAPY Martin Ratio Rank: 53

AAPL

AAPL Risk / Return Rank: 89
AAPL Sharpe Ratio Rank: 91
AAPL Sortino Ratio Rank: 88
AAPL Omega Ratio Rank: 90
AAPL Calmar Ratio Rank: 90
AAPL Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPY vs. AAPL - Risk-Adjusted Trends 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.

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.

	AAPY	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.92	-0.54
Sortino ratio: Return per unit of downside risk	1.88	2.57	-0.69
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.49	3.60	-1.11
Martin ratio: Return relative to average drawdown	6.24	8.56	-2.33

AAPY vs. AAPL - Sharpe Ratio Comparison

The current AAPY Sharpe Ratio is 1.38, which is comparable to the AAPL Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AAPY and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPY vs. AAPL - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, 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.

Drawdown Indicators

	AAPY	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-81.80%	+52.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-13.80%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.52%	—
Current Drawdown Current decline from peak	-10.35%	-9.17%	-1.18%
Average Drawdown Average peak-to-trough decline	-6.23%	-29.52%	+23.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	5.79%	-0.02%

Volatility

AAPY vs. AAPL - Volatility Comparison

Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) has a higher volatility of 12.10% compared to Apple Inc (AAPL) at 11.52%. This indicates that AAPY's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPY	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.10%	11.52%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	23.02%	20.71%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	26.10%	25.91%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.90%	28.02%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	29.12%	-5.22%

Dividends

AAPY vs. AAPL - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.83%, more than AAPL's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.34%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.83%	12.66%	17.15%	2.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPY and AAPL in my portfolio?

With a correlation of 0.97, AAPY and AAPL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AAPY or AAPL?

AAPY has higher volatility (12.10%) compared to AAPL (11.52%). In terms of maximum drawdown, AAPY dropped -29.22% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (1.92 vs 1.38), 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.