AAPY vs. KYLD

Last updated Jun 4, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and KYLD (Kurv High Income ETF) are both exchange-traded funds - AAPY is a Large Cap Blend Equities fund actively managed by Kurv, while KYLD is a Derivative Income fund actively managed by Kurv. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. AAPY charges 0.99%/yr vs 1.00%/yr for KYLD.

Performance

AAPY vs. KYLD - 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 High Income ETF (KYLD). 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 lower than KYLD's 18.37% return.

AAPY

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

KYLD

• 1D: 0.00%
• 1M: 10.94%
• YTD: 18.37%
• 6M: 13.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPY vs. KYLD - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.66%	2.01%
KYLD Kurv High Income ETF	18.37%	-10.91%

Correlation

The correlation between AAPY and KYLD is 0.28, 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 Nov 3, 2025	0.28

Return for Risk

AAPY vs. KYLD — 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. KYLD - 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 High Income ETF (KYLD). 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	KYLD	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	KYLD	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	0.29	+0.57

Drawdowns

AAPY vs. KYLD - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, which is greater than KYLD's maximum drawdown of -20.69%. Use the drawdown chart below to compare losses from any high point for AAPY and KYLD.

Drawdown Indicators

	AAPY	KYLD	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-20.69%	-8.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	—	—
Current Drawdown Current decline from peak	-1.55%	0.00%	-1.55%
Average Drawdown Average peak-to-trough decline	-6.34%	-8.57%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	—	—

Volatility

Volatility by Period

	AAPY	KYLD	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%	32.84%	-11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	32.84%	-10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	32.84%	-10.26%

AAPY vs. KYLD - Expense Ratio Comparison

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

Dividends

AAPY vs. KYLD - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.30%, less than KYLD's 17.05% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.30%	12.66%	17.15%	2.16%
KYLD Kurv High Income ETF	17.05%	6.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPY and KYLD in my portfolio?

AAPY and KYLD have a correlation of 0.28, 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 KYLD?

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 KYLD?

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

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

KYLD has the higher dividend yield at 17.05%, compared with 11.30% for AAPY.

What is the main difference between AAPY and KYLD?

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