OARK vs. APLY
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax AAPL Option Income Strategy ETF (APLY).
OARK and APLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. APLY is an actively managed fund by YieldMax. It was launched on Apr 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or APLY.
Performance
OARK vs. APLY - Performance Comparison
Returns By Period
In the year-to-date period, OARK achieves a 4.41% return, which is significantly lower than APLY's 11.89% return.
OARK
4.41%
4.75%
11.32%
22.61%
N/A
N/A
APLY
11.89%
-1.02%
13.21%
15.74%
N/A
N/A
Key characteristics
| OARK | APLY | |
|---|---|---|
| Sharpe Ratio | 0.89 | 0.93 |
| Sortino Ratio | 1.31 | 1.34 |
| Omega Ratio | 1.17 | 1.18 |
| Calmar Ratio | 1.10 | 1.11 |
| Martin Ratio | 2.76 | 3.15 |
| Ulcer Index | 8.65% | 5.02% |
| Daily Std Dev | 26.92% | 16.98% |
| Max Drawdown | -27.24% | -15.85% |
| Current Drawdown | -4.49% | -1.34% |
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OARK vs. APLY - Expense Ratio Comparison
Both OARK and APLY have an expense ratio of 0.99%.
Correlation
The correlation between OARK and APLY is 0.35, 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.
Risk-Adjusted Performance
OARK vs. APLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax AAPL Option Income Strategy ETF (APLY). 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.
Dividends
OARK vs. APLY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 40.47%, more than APLY's 23.72% yield.
| TTM | 2023 | |
|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.47% | 45.04% |
APLY YieldMax AAPL Option Income Strategy ETF | 23.72% | 14.36% |
Drawdowns
OARK vs. APLY - Drawdown Comparison
The maximum OARK drawdown since its inception was -27.24%, which is greater than APLY's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for OARK and APLY. For additional features, visit the drawdowns tool.
Volatility
OARK vs. APLY - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 11.09% compared to YieldMax AAPL Option Income Strategy ETF (APLY) at 4.21%. This indicates that OARK's price experiences larger fluctuations and is considered to be riskier than APLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.