AAPY vs IVV
Kurv Yield Premium Strategy Apple ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AAPY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAPY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 12.38% | 1.09% | |
| Holdings | 10 | 508 | |
| YTD Return | +9.81% | +13.80% | |
| 1Y Return | +26.68% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 18.9% | 15.1% | |
| Max Drawdown | -29.2% | -56.5% | |
| Fund Family | Kurv | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 27, 2023 | May 15, 2000 |
AAPY vs IVV Performance
Kurv Yield Premium Strategy Apple ETF (AAPY) is a ETF from Kurv and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AAPY returned +26.68% while IVV returned +23.70%. Year to date, AAPY is up 9.81% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
AAPY has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.2% for AAPY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPY charges 0.99% per year while IVV charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, AAPY currently yields 12.38% against 1.09% for IVV.
Holdings Overlap
AAPY and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AAPY or IVV?
AAPY has an expense ratio of 0.99% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, AAPY or IVV?
Over the past year AAPY returned +26.68% vs +23.70% for IVV, so AAPY leads on 1-year performance. Over the longest common window we track (3 years), AAPY annualized +14.62% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, AAPY or IVV?
AAPY has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: AAPY -29.2% vs IVV -56.5%.
Should I hold both AAPY and IVV?
AAPY and IVV have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPY and IVV?
AAPY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, AAPY or IVV?
AAPY yields 12.38% while IVV yields 1.09%, so AAPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.