AAPY vs. SGOV
AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - AAPY is a Large Cap Blend Equities fund actively managed by Kurv, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. AAPY is actively managed, while SGOV is passively managed. Over the past year, AAPY returned 43.66% vs 3.95% for SGOV. At a correlation of -0.04, they often move in opposite directions. AAPY charges 0.99%/yr vs 0.09%/yr for SGOV.
Performance
AAPY vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY achieves a 14.66% return, which is significantly higher than SGOV's 1.51% return.
AAPY
- 1D
- -1.55%
- 1M
- 13.81%
- YTD
- 14.66%
- 6M
- 11.04%
- 1Y
- 43.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
AAPY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 14.66% | 5.04% | 20.54% | 9.23% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 0.94% |
Correlation
The correlation between AAPY and SGOV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | -0.04 |
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Return for Risk
AAPY vs. SGOV — Risk / Return Rank
AAPY
SGOV
AAPY vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.23 | ||
| Sortino ratioReturn per unit of downside risk | -272.89 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 195.55 | -194.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 398.20 | -395.17 |
| Martin ratioReturn relative to average drawdown | 8.23 | 4,462.00 | -4,453.77 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 20.28 | -18.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 12.48 | -11.62 |
Drawdowns
AAPY vs. SGOV - Drawdown Comparison
The maximum AAPY drawdown since its inception was -29.22%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for AAPY and SGOV.
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Drawdown Indicators
| AAPY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -0.03% | -29.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -0.01% | -14.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -1.55% | 0.00% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -0.00% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 0.00% | +5.32% |
Volatility
AAPY vs. SGOV - Volatility Comparison
Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) has a higher volatility of 6.18% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that AAPY's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 0.05% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 0.13% | +17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 0.20% | +21.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 0.24% | +22.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 0.24% | +22.34% |
AAPY vs. SGOV - Expense Ratio Comparison
AAPY has a 0.99% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
AAPY vs. SGOV - Dividend Comparison
AAPY's dividend yield for the trailing twelve months is around 11.30%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.30% | 12.66% | 17.15% | 2.16% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
AAPY and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPY has higher volatility (6.18%) compared to SGOV (0.05%). In terms of maximum drawdown, AAPY dropped -29.22% vs SGOV's -0.03%.
On 1-year performance, AAPY leads with 43.66% vs 3.95% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. 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 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.99% for AAPY.
AAPY has the higher dividend yield at 11.30%, compared with 3.86% for SGOV.
AAPY is categorized as Large Cap Blend Equities, while SGOV is Ultrashort Bond. They also come from different issuers: Kurv and iShares. Their fees differ too: 0.99% for AAPY and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 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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