YMAG vs. APLY

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax AAPL Option Income Strategy ETF (APLY).

YMAG and APLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024. APLY is an actively managed fund by YieldMax. It was launched on Apr 17, 2023.

Performance

YMAG vs. APLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax AAPL Option Income Strategy ETF (APLY). The values are adjusted to include any dividend payments, if applicable.

YMAG vs. APLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	-8.32%	18.64%	36.05%
APLY YieldMax AAPL Option Income Strategy ETF	-5.49%	4.69%	21.54%

Returns By Period

In the year-to-date period, YMAG achieves a -8.32% return, which is significantly lower than APLY's -5.49% return.

YMAG

• 1D: 0.90%
• 1M: -3.32%
• YTD: -8.32%
• 6M: -5.76%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLY

• 1D: 0.09%
• 1M: -1.99%
• YTD: -5.49%
• 6M: -0.67%
• 1Y: 10.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YMAG vs. APLY - Expense Ratio Comparison

YMAG has a 1.28% expense ratio, which is higher than APLY's 0.99% expense ratio.

YMAG

YieldMax Magnificent 7 Fund of Option Income ETFs

APLY

YieldMax AAPL Option Income Strategy ETF

Return for Risk

YMAG vs. APLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YMAG

YMAG Risk / Return Rank: 63
YMAG Sharpe Ratio Rank: 61
YMAG Sortino Ratio Rank: 63
YMAG Omega Ratio Rank: 60
YMAG Calmar Ratio Rank: 70
YMAG Martin Ratio Rank: 61

APLY

APLY Risk / Return Rank: 23
APLY Sharpe Ratio Rank: 22
APLY Sortino Ratio Rank: 24
APLY Omega Ratio Rank: 26
APLY Calmar Ratio Rank: 22
APLY Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YMAG vs. APLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) 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.

	YMAG	APLY	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.38	+0.73
Sortino ratio Return per unit of downside risk	1.66	0.74	+0.92
Omega ratio Gain probability vs. loss probability	1.23	1.11	+0.12
Calmar ratio Return relative to maximum drawdown	1.84	0.48	+1.36
Martin ratio Return relative to average drawdown	6.31	1.66	+4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMAG vs. APLY - Sharpe Ratio Comparison

The current YMAG Sharpe Ratio is 1.11, which is higher than the APLY Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of YMAG and APLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YMAG	APLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.38	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.45	+0.48

Correlation

The correlation between YMAG and APLY is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YMAG vs. APLY - Dividend Comparison

YMAG's dividend yield for the trailing twelve months is around 56.30%, more than APLY's 38.60% yield.

	TTM	2025	2024	2023
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	56.30%	52.27%	35.22%	0.00%
APLY YieldMax AAPL Option Income Strategy ETF	38.60%	36.38%	24.95%	14.36%

Drawdowns

YMAG vs. APLY - Drawdown Comparison

The maximum YMAG drawdown since its inception was -25.96%, smaller than the maximum APLY drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for YMAG and APLY.

Drawdown Indicators

	YMAG	APLY	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-30.41%	+4.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-21.07%	+6.69%
Current Drawdown Current decline from peak	-10.31%	-8.77%	-1.54%
Average Drawdown Average peak-to-trough decline	-4.69%	-7.15%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	6.08%	-1.88%

Volatility

YMAG vs. APLY - Volatility Comparison

YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) has a higher volatility of 7.20% compared to YieldMax AAPL Option Income Strategy ETF (APLY) at 4.88%. This indicates that YMAG'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.

Volatility by Period

	YMAG	APLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	4.88%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	12.60%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	22.27%	26.89%	-4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.31%	21.15%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	21.15%	+0.16%