KYLD vs. AAPY
KYLD (Kurv High Income ETF) and AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) are both Derivative Income funds from Kurv. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. KYLD charges 1.00%/yr vs 0.99%/yr for AAPY.
Performance
KYLD vs. AAPY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with KYLD having a 16.05% return and AAPY slightly lower at 15.38%.
KYLD
- 1D
- -2.30%
- 1M
- -0.42%
- 6M
- 8.87%
- YTD
- 16.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY
- 1D
- 0.66%
- 1M
- 8.12%
- 6M
- 20.25%
- YTD
- 15.38%
- 1Y
- 38.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KYLD vs. AAPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KYLD Kurv High Income ETF | 16.05% | -11.41% |
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 15.38% | 2.43% |
Correlation
The correlation between KYLD and AAPY is 0.24, 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 Oct 31, 2025 | 0.24 |
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Return for Risk
KYLD vs. AAPY — Risk / Return Rank
KYLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AAPY
KYLD vs. AAPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) and Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY). 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.
| KYLD | AAPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 6.76 | — |
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Drawdowns
KYLD vs. AAPY - Drawdown Comparison
The maximum KYLD drawdown since its inception was -21.14%, smaller than the maximum AAPY drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for KYLD and AAPY.
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Drawdown Indicators
| KYLD | AAPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -29.22% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.47% | — |
Current DrawdownCurrent decline from peak | -5.97% | -0.93% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -6.32% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.73% | — |
Volatility
KYLD vs. AAPY - Volatility Comparison
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Volatility by Period
| KYLD | AAPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.69% | 23.91% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.69% | 23.24% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.69% | 23.24% | +9.45% |
KYLD vs. AAPY - Expense Ratio Comparison
KYLD has a 1.00% expense ratio, which is higher than AAPY's 0.99% expense ratio.
Dividends
KYLD vs. AAPY - Dividend Comparison
KYLD's dividend yield for the trailing twelve months is around 20.10%, more than AAPY's 11.34% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF | 11.34% | 12.66% | 17.15% | 2.16% |
KYLD Kurv High Income ETF | 20.10% | 6.14% | 0.00% | 0.00% |
Frequently Asked Questions
KYLD and AAPY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AAPY is cheaper with a 0.99% expense ratio, compared with 1.00% for KYLD.
KYLD has the higher dividend yield at 20.10%, compared with 11.34% for AAPY.
Their fees differ too: 1.00% for KYLD and 0.99% for AAPY.
Find the right allocation for KYLD and AAPY
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