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.
Correlation
The correlation between OARK and APLY is 0.34, 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
OARK vs. APLY - Performance Comparison
Key characteristics
OARK:
0.94
APLY:
1.05
OARK:
1.35
APLY:
1.46
OARK:
1.18
APLY:
1.20
OARK:
1.14
APLY:
1.33
OARK:
3.61
APLY:
4.38
OARK:
6.86%
APLY:
4.30%
OARK:
26.40%
APLY:
18.01%
OARK:
-27.24%
APLY:
-15.85%
OARK:
-0.63%
APLY:
-5.80%
Returns By Period
In the year-to-date period, OARK achieves a 12.00% return, which is significantly higher than APLY's -3.40% return.
OARK
12.00%
8.68%
31.18%
24.30%
N/A
N/A
APLY
-3.40%
4.57%
5.80%
19.87%
N/A
N/A
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OARK vs. APLY - Expense Ratio Comparison
Both OARK and APLY have an expense ratio of 0.99%.
Risk-Adjusted Performance
OARK vs. APLY — Risk-Adjusted Performance Rank
OARK
APLY
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 40.68%, more than APLY's 26.32% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.68% | 47.85% | 45.04% |
APLY YieldMax AAPL Option Income Strategy ETF | 26.32% | 24.95% | 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) and YieldMax AAPL Option Income Strategy ETF (APLY) have volatilities of 6.75% and 6.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.