Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) Performance
AAPY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +27.4% since Dec 31, 2025
- 1 year
- +34.8% total return
- Since first price
- +76.2% since 2023
AAPY trailing returns vs SPY, QQQ, AGG
| Period | AAPY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +8.8% | +5.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +28.4% | +21.2% | +7.8% | +8.4% | −1.5% |
| YTD | +27.4% | +15.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +34.8% | +19.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 27, 2023 | +76.2% | +14.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AAPY vs SPY
From Oct 27, 2023: AAPY grew to $17,621, SPY to $19,188.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AAPY returns by calendar year
2 of 2 full years positive. Best 2024 (+20.5%), worst 2025 (+5.0%). 2026 is year to date.
AAPY annual returns table
| Year | AAPY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +27.4% | −14.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.0% | −26.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +20.5% | −12.8% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AAPY largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 26, 2024 | −29.2% | Apr 8, 2025 | Oct 30, 2025 | 3 months | 10 months |
| Dec 2, 2025 | −14.5% | Mar 30, 2026 | May 5, 2026 | 4 months | 5 months |
| Jun 2, 2026 | −14.1% | Jun 25, 2026 | Jul 15, 2026 | 23 days | 43 days |
| Jan 23, 2024 | −12.8% | Apr 19, 2024 | Jun 11, 2024 | 3 months | 5 months |
| Jul 28, 2026 | −12.6% | Aug 12, 2026 | Sep 22, 2026 | 15 days | 56 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AAPY risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +19.1% |
| Volatility (annualized) | 18.7% |
| Sharpe ratio | 0.80 |
| Sortino ratio | 1.45 |
| Best month | +17.6% |
| Worst month | −8.9% |
| Best 12 months | +45.8% |
| Worst 12 months | −3.3% |
| Positive months | 63% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AAPY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −3.3% | +16.9% | +45.8% | 92% |
| 3-year (a year) | 1 | +20.3% | +20.3% | +20.3% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
AAPY performance overview
Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) returned +34.8% over the past year, with distributions reinvested. Since its first recorded price on Oct 27, 2023 it has returned +76.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.2%, from Dec 26, 2024 to Apr 8, 2025, and it took 7 months to get back to the old high. Volatility has been 18.7% a year.
Related: AAPY chart, AAPY dividends. See the AAPY overview for the latest quote and fund facts.
AAPY performance FAQ
What is the AAPY return over the past year?
AAPY returned +34.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.4%.
How much would $10,000 invested in AAPY be worth?
$10,000 invested in AAPY at its first recorded close on October 27, 2023 would be worth about $17,621 on October 23, 2026 with distributions reinvested.
What was the worst year for AAPY?
The worst calendar year was 2025, with a total return of +5.0%. The best was 2024 at +20.5%.
What is the biggest drawdown of AAPY?
The largest peak-to-trough decline was −29.2% between December 26, 2024 and April 8, 2025. It recovered to the old high on October 30, 2025, 7 months after the bottom.
How volatile is AAPY?
Over the past history AAPY had an annualized volatility of 18.7% and a Sharpe ratio of 0.80 (excess return over 1–3 month T-bills per unit of risk).