AAPY vs. MTUM
AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - AAPY is a Large Cap Blend Equities fund actively managed by Kurv, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. AAPY is actively managed, while MTUM is passively managed. Over the past year, AAPY returned 43.66% vs 41.76% for MTUM. At a 0.37 correlation, their price movements are largely independent. AAPY charges 0.99%/yr vs 0.15%/yr for MTUM.
Performance
AAPY vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY achieves a 14.66% return, which is significantly lower than MTUM's 31.75% return.
AAPY
- 1D
- -1.55%
- 1M
- 13.81%
- YTD
- 14.66%
- 6M
- 11.04%
- 1Y
- 43.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- 1.06%
- 1M
- 15.90%
- YTD
- 31.75%
- 6M
- 32.38%
- 1Y
- 41.76%
- 3Y*
- 34.75%
- 5Y*
- 15.21%
- 10Y*
- 17.31%
AAPY vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 14.66% | 5.04% | 20.54% | 9.23% |
MTUM iShares MSCI USA Momentum Factor ETF | 31.75% | 22.15% | 32.89% | 16.15% |
Correlation
The correlation between AAPY and MTUM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | 0.37 |
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Return for Risk
AAPY vs. MTUM — Risk / Return Rank
AAPY
MTUM
AAPY vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and iShares MSCI USA Momentum Factor ETF (MTUM). 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 | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.64 | -0.60 |
| Martin ratioReturn relative to average drawdown | 8.23 | 14.50 | -6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPY | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.20 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.85 | +0.02 |
Drawdowns
AAPY vs. MTUM - Drawdown Comparison
The maximum AAPY drawdown since its inception was -29.22%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for AAPY and MTUM.
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Drawdown Indicators
| AAPY | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -34.08% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -11.54% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -1.55% | 0.00% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -6.21% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 2.89% | +2.43% |
Volatility
AAPY vs. MTUM - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 6.18%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 7.68%. This indicates that AAPY experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 7.68% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 16.46% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 19.04% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 20.60% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 21.03% | +1.55% |
AAPY vs. MTUM - Expense Ratio Comparison
AAPY has a 0.99% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
AAPY vs. MTUM - Dividend Comparison
AAPY's dividend yield for the trailing twelve months is around 11.30%, more than MTUM's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.30% | 12.66% | 17.15% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.60% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
Frequently Asked Questions
AAPY and MTUM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (7.68%) compared to AAPY (6.18%). In terms of maximum drawdown, AAPY dropped -29.22% vs MTUM's -34.08%.
On 1-year performance, AAPY leads with 43.66% vs 41.76% for MTUM. On fees, MTUM is cheaper at 0.15% per year. On volatility, AAPY has been the lower-risk option at 6.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AAPY has performed better with a 43.66% return vs 41.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.99% for AAPY.
AAPY has the higher dividend yield at 11.30%, compared with 0.60% for MTUM.
AAPY is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Kurv and iShares. Their fees differ too: 0.99% for AAPY and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (2.20 vs 2.05), 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.
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