AAPY vs. KGLD

Last updated Jun 4, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both exchange-traded funds - AAPY is a Large Cap Blend Equities fund actively managed by Kurv, while KGLD is a Derivative Income fund actively managed by Kurv. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. AAPY charges 0.99%/yr vs 1.00%/yr for KGLD.

Performance

AAPY vs. KGLD - Performance Comparison

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

Returns By Period

In the year-to-date period, AAPY achieves a 14.66% return, which is significantly higher than KGLD's 2.99% return.

AAPY

• 1D: -1.55%
• 1M: 13.81%
• YTD: 14.66%
• 6M: 11.04%
• 1Y: 43.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPY vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.66%	20.90%
KGLD Kurv Gold Enhanced Income ETF	2.99%	29.75%

Correlation

The correlation between AAPY and KGLD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.05

Return for Risk

AAPY vs. KGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPY

AAPY Risk / Return Rank: 58
AAPY Sharpe Ratio Rank: 60
AAPY Sortino Ratio Rank: 58
AAPY Omega Ratio Rank: 62
AAPY Calmar Ratio Rank: 61
AAPY Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPY vs. KGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Kurv Gold Enhanced Income ETF (KGLD). 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.

	AAPY	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.80	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	8.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AAPY	KGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.32	-0.45

Drawdowns

AAPY vs. KGLD - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, which is greater than KGLD's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for AAPY and KGLD.

Drawdown Indicators

	AAPY	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-20.29%	-8.93%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	—	—
Current Drawdown Current decline from peak	-1.55%	-19.40%	+17.85%
Average Drawdown Average peak-to-trough decline	-6.34%	-6.10%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	—	—

Volatility

Volatility by Period

	AAPY	KGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	28.72%	-7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	28.72%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	28.72%	-6.14%

AAPY vs. KGLD - Expense Ratio Comparison

AAPY has a 0.99% expense ratio, which is lower than KGLD's 1.00% expense ratio.

Dividends

AAPY vs. KGLD - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.30%, less than KGLD's 12.64% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.30%	12.66%	17.15%	2.16%
KGLD Kurv Gold Enhanced Income ETF	12.64%	4.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPY and KGLD in my portfolio?

AAPY and KGLD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPY or KGLD?

On fees, AAPY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAPY or KGLD?

AAPY is cheaper with a 0.99% expense ratio, compared with 1.00% for KGLD.

Which ETF pays a higher dividend yield, AAPY or KGLD?

KGLD has the higher dividend yield at 12.64%, compared with 11.30% for AAPY.

What is the main difference between AAPY and KGLD?

AAPY is categorized as Large Cap Blend Equities, while KGLD is Derivative Income. Their fees differ too: 0.99% for AAPY and 1.00% for KGLD.