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APLY vs. OARK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


APLYOARK
YTD Return10.76%6.28%
1Y Return16.92%31.47%
Sharpe Ratio1.001.02
Sortino Ratio1.431.45
Omega Ratio1.191.19
Calmar Ratio1.191.17
Martin Ratio3.383.16
Ulcer Index5.00%8.62%
Daily Std Dev16.88%26.65%
Max Drawdown-15.85%-27.24%
Current Drawdown-2.34%0.00%

Correlation

-0.50.00.51.00.4

The correlation between APLY and OARK is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

APLY vs. OARK - Performance Comparison

In the year-to-date period, APLY achieves a 10.76% return, which is significantly higher than OARK's 6.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
23.43%
23.25%
APLY
OARK

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APLY vs. OARK - Expense Ratio Comparison

Both APLY and OARK have an expense ratio of 0.99%.


APLY
YieldMax AAPL Option Income Strategy ETF
Expense ratio chart for APLY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

APLY vs. OARK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and YieldMax Innovation Option Income Strategy ETF (OARK). 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.


APLY
Sharpe ratio
The chart of Sharpe ratio for APLY, currently valued at 1.00, compared to the broader market-2.000.002.004.006.001.00
Sortino ratio
The chart of Sortino ratio for APLY, currently valued at 1.43, compared to the broader market0.005.0010.001.43
Omega ratio
The chart of Omega ratio for APLY, currently valued at 1.19, compared to the broader market1.001.502.002.503.001.19
Calmar ratio
The chart of Calmar ratio for APLY, currently valued at 1.19, compared to the broader market0.005.0010.0015.001.19
Martin ratio
The chart of Martin ratio for APLY, currently valued at 3.38, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.38
OARK
Sharpe ratio
The chart of Sharpe ratio for OARK, currently valued at 1.02, compared to the broader market-2.000.002.004.006.001.02
Sortino ratio
The chart of Sortino ratio for OARK, currently valued at 1.45, compared to the broader market0.005.0010.001.45
Omega ratio
The chart of Omega ratio for OARK, currently valued at 1.19, compared to the broader market1.001.502.002.503.001.19
Calmar ratio
The chart of Calmar ratio for OARK, currently valued at 1.17, compared to the broader market0.005.0010.0015.001.17
Martin ratio
The chart of Martin ratio for OARK, currently valued at 3.16, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.16

APLY vs. OARK - Sharpe Ratio Comparison

The current APLY Sharpe Ratio is 1.00, which is comparable to the OARK Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of APLY and OARK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
1.00
1.02
APLY
OARK

Dividends

APLY vs. OARK - Dividend Comparison

APLY's dividend yield for the trailing twelve months is around 23.96%, less than OARK's 39.76% yield.


TTM2023
APLY
YieldMax AAPL Option Income Strategy ETF
23.96%14.36%
OARK
YieldMax Innovation Option Income Strategy ETF
39.76%45.04%

Drawdowns

APLY vs. OARK - Drawdown Comparison

The maximum APLY drawdown since its inception was -15.85%, smaller than the maximum OARK drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for APLY and OARK. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.34%
0
APLY
OARK

Volatility

APLY vs. OARK - Volatility Comparison

The current volatility for YieldMax AAPL Option Income Strategy ETF (APLY) is 4.31%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 9.77%. This indicates that APLY experiences smaller price fluctuations and is considered to be less risky than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
4.31%
9.77%
APLY
OARK