AAPY vs. SCHK

Last updated Jun 24, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds. AAPY is actively managed, while SCHK is passively managed. Over the past year, AAPY returned 36.50% vs 23.67% for SCHK. A 0.53 correlation means they provide meaningful diversification when combined. AAPY charges 0.99%/yr vs 0.03%/yr for SCHK.

Performance

AAPY vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AAPY having a 8.32% return and SCHK slightly higher at 8.54%.

AAPY

• 1D: -0.66%
• 1M: -5.06%
• YTD: 8.32%
• 6M: 8.27%
• 1Y: 36.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHK

• 1D: -1.42%
• 1M: -0.95%
• YTD: 8.54%
• 6M: 7.46%
• 1Y: 23.67%
• 3Y*: 20.74%
• 5Y*: 12.31%
• 10Y*: —

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

AAPY vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	8.32%	5.04%	20.54%	9.18%
SCHK Schwab 1000 Index ETF	8.54%	17.23%	24.48%	16.36%

Correlation

The correlation between AAPY and SCHK is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.53

The correlation between AAPY and SCHK has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.

Return for Risk

AAPY vs. SCHK — Risk / Return Rank

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

AAPY

AAPY Risk / Return Rank: 50
AAPY Sharpe Ratio Rank: 52
AAPY Sortino Ratio Rank: 50
AAPY Omega Ratio Rank: 53
AAPY Calmar Ratio Rank: 55
AAPY Martin Ratio Rank: 43

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 57
SCHK Sortino Ratio Rank: 55
SCHK Omega Ratio Rank: 56
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 67

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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Schwab 1000 Index ETF (SCHK). 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	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.86	-0.18
Sortino ratio: Return per unit of downside risk	2.32	2.53	-0.21
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.53	2.65	-0.12
Martin ratio: Return relative to average drawdown	6.67	11.81	-5.15

AAPY vs. SCHK - Sharpe Ratio Comparison

The current AAPY Sharpe Ratio is 1.68, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of AAPY and SCHK, 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. SCHK - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for AAPY and SCHK.

Drawdown Indicators

	AAPY	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-34.80%	+5.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-8.97%	-5.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.44%	—
Current Drawdown Current decline from peak	-7.00%	-2.98%	-4.02%
Average Drawdown Average peak-to-trough decline	-6.33%	-5.16%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	2.01%	+3.48%

Volatility

AAPY vs. SCHK - Volatility Comparison

Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) has a higher volatility of 7.44% compared to Schwab 1000 Index ETF (SCHK) at 4.96%. This indicates that AAPY's price experiences larger fluctuations and is considered to be riskier than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPY	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	4.96%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	18.60%	10.10%	+8.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.88%	12.84%	+9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	17.34%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	19.12%	+3.51%

AAPY vs. SCHK - Expense Ratio Comparison

AAPY has a 0.99% expense ratio, which is higher than SCHK's 0.03% expense ratio.

Dividends

AAPY vs. SCHK - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 12.08%, more than SCHK's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	12.08%	12.66%	17.15%	2.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both AAPY and SCHK in my portfolio?

AAPY and SCHK have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPY or SCHK?

AAPY has higher volatility (7.44%) compared to SCHK (4.96%). In terms of maximum drawdown, AAPY dropped -29.22% vs SCHK's -34.80%.

Which ETF is better, AAPY or SCHK?

On 1-year performance, AAPY leads with 36.50% vs 23.67% for SCHK. On fees, SCHK is cheaper at 0.03% per year. On volatility, SCHK has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPY or SCHK?

Over the 1-year period, AAPY has performed better with a 36.50% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPY or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.99% for AAPY.

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

AAPY has the higher dividend yield at 12.08%, compared with 1.03% for SCHK.

What is the main difference between AAPY and SCHK?

They also come from different issuers: Kurv and Charles Schwab. Their fees differ too: 0.99% for AAPY and 0.03% for SCHK.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (1.86 vs 1.68), 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.