AAPY vs QQQ
Kurv Yield Premium Strategy Apple ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | AAPY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $6M | $455.8B | |
| Dividend Yield | 12.38% | 0.41% | |
| Holdings | 10 | 108 | |
| YTD Return | +9.81% | +18.20% | |
| 1Y Return | +26.68% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 18.9% | 30.6% | |
| Max Drawdown | -29.2% | -83.0% | |
| Fund Family | Kurv | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 27, 2023 | Mar 10, 1999 |
AAPY vs QQQ Performance
Kurv Yield Premium Strategy Apple ETF (AAPY) is a ETF from Kurv and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AAPY returned +26.68% while QQQ returned +27.63%. Year to date, AAPY is up 9.81% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.9% for AAPY. 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 -83.0% for QQQ. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPY charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, AAPY currently yields 12.38% against 0.41% for QQQ.
Holdings Overlap
AAPY and QQQ share 0 holdings out of 104 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 QQQ?
AAPY has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, AAPY or QQQ?
Over the past year AAPY returned +26.68% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AAPY annualized +14.62% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, AAPY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.9% for AAPY. Worst drawdown: AAPY -29.2% vs QQQ -83.0%.
Should I hold both AAPY and QQQ?
AAPY and QQQ have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPY and QQQ?
AAPY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, AAPY or QQQ?
AAPY yields 12.38% while QQQ yields 0.41%, so AAPY currently pays the higher dividend yield.
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