AAPY vs. KSLV

Last updated Jul 15, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and KSLV (Kurv Silver Enhanced Income ETF) are both exchange-traded funds - AAPY is a Derivative Income fund actively managed by Kurv, while KSLV is a Silver fund actively managed by Kurv. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. AAPY charges 0.99%/yr vs 1.00%/yr for KSLV.

Performance

AAPY vs. KSLV - 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 Silver Enhanced Income ETF (KSLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPY achieves a 14.50% return, which is significantly higher than KSLV's -19.40% return.

AAPY

• 1D: -0.76%
• 1M: 7.30%
• 6M: 19.12%
• YTD: 14.50%
• 1Y: 38.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSLV

• 1D: 2.46%
• 1M: -13.46%
• 6M: -35.08%
• YTD: -19.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPY vs. KSLV - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.50%	7.48%
KSLV Kurv Silver Enhanced Income ETF	-19.40%	49.94%

Correlation

The correlation between AAPY and KSLV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.15

Return for Risk

AAPY vs. KSLV — Risk / Return Rank

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

AAPY

AAPY Risk / Return Rank: 61
AAPY Sharpe Ratio Rank: 62
AAPY Sortino Ratio Rank: 58
AAPY Omega Ratio Rank: 66
AAPY Calmar Ratio Rank: 68
AAPY Martin Ratio Rank: 50

KSLV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KSLV - 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 Silver Enhanced Income ETF (KSLV). 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	KSLV	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.71	—	—
Martin ratio: Return relative to average drawdown	6.82	—	—

Drawdowns

AAPY vs. KSLV - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, smaller than the maximum KSLV drawdown of -53.51%. Use the drawdown chart below to compare losses from any high point for AAPY and KSLV.

Drawdown Indicators

	AAPY	KSLV	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-53.51%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	—	—
Current Drawdown Current decline from peak	-1.68%	-52.23%	+50.55%
Average Drawdown Average peak-to-trough decline	-6.31%	-23.32%	+17.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	—	—

Volatility

Volatility by Period

	AAPY	KSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.88%	70.36%	-46.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	70.36%	-47.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	70.36%	-47.13%

AAPY vs. KSLV - Expense Ratio Comparison

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

Dividends

AAPY vs. KSLV - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.42%, less than KSLV's 23.57% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.42%	12.66%	17.15%	2.16%
KSLV Kurv Silver Enhanced Income ETF	23.57%	4.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPY and KSLV in my portfolio?

AAPY and KSLV 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.

Which ETF is better, AAPY or KSLV?

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 KSLV?

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

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

KSLV has the higher dividend yield at 23.57%, compared with 11.42% for AAPY.

What is the main difference between AAPY and KSLV?

AAPY is categorized as Derivative Income, while KSLV is Silver. Their fees differ too: 0.99% for AAPY and 1.00% for KSLV.