APLY vs IVV
YieldMax AAPL Option Income Strategy ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | APLY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.03% | |
| AUM | $130M | $865.2B | |
| Dividend Yield | 37.96% | 1.09% | |
| Holdings | 13 | 508 | |
| YTD Return | +3.89% | +14.50% | |
| 1Y Return | +16.24% | +22.02% | |
| 3Y Return (annualized) | +9.82% | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 16.6% | 15.1% | |
| Max Drawdown | -31.1% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 17, 2023 | May 15, 2000 |
APLY vs IVV Performance
YieldMax AAPL Option Income Strategy ETF (APLY) is a ETF from YieldMax ETF and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year APLY returned +16.24% while IVV returned +22.02%. Year to date, APLY is up 3.89% versus a gain of 14.50% for IVV.
Over three years, APLY compounded at +9.82% per year against +21.80% for IVV. Across the full 3-year window we track, APLY has the edge at +11.18% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
APLY has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -31.1% for APLY 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APLY charges 1.06% per year while IVV charges 0.03%. On a $10,000 position that is $106 vs $3 annually, a gap of $103 per year that compounds over a long holding period. On income, APLY currently yields 37.96% against 1.09% for IVV.
Holdings Overlap
APLY and IVV share 0 holdings out of 507 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, APLY or IVV?
APLY has an expense ratio of 1.06% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, APLY or IVV?
Over the past year APLY returned +16.24% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), APLY annualized +11.18% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, APLY or IVV?
APLY has been the more volatile fund at 16.6% annualized versus 15.1% for IVV. Worst drawdown: APLY -31.1% vs IVV -56.5%.
Should I hold both APLY and IVV?
APLY and IVV have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APLY and IVV?
APLY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, APLY or IVV?
APLY yields 37.96% while IVV yields 1.09%, so APLY currently pays the higher dividend yield.
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