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YieldMax specializes in options-based and income-focused ETFs, leveraging covered call and short option strategies to generate high distribution yields for investors seeking regular income. The firm operates a diverse lineup of 61 ETFs organized across nine fund families, including prominent strategies like 0DTE (zero days-to-expiration) options, covered calls, and target distribution approaches, alongside more traditional performance and portfolio-based offerings. YieldMax's holdings span major technology and financial namesβincluding tickers like AMZY, APLY, BRKC, and FBYβand the firm targets both individual investors and those seeking enhanced yield through systematic options strategies.
See our curated list of related YouTube videos on APLY.
Designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. Also provides digital content, streaming, and cloud services.
Covered Call
Asset class
Equity
Equity
Inception date
β
04/17/2023
Beta
β
0.67
Last dividend
$0.27
$0.11
Ex-dividend date
05/11/2026
05/21/2026
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
AAPL (Apple Inc.) and APLY (YieldMax AAPL Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
APLY offers the higher yield at 43.61% vs 0.34% for AAPL. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
AAPL is cheaper with an expense ratio of compared to 1.04%.
Deep dive
Yield & income
On a $10,000 investment, AAPL would generate roughly $2.83/month, while APLY would produce $363.42/month, at current distribution rates.
AAPL yield0.34%
APLY yield43.61%
Monthly diff on $10K$360.58
Cost & efficiency
Over 10 years on $10,000, AAPL would cost approximately $0 in fees vs $1,040 for APLY (simplified, not compounded). The $1,040.00 difference may be offset by yield or performance.
AAPL ERβ
APLY ER1.04%
Strategy & risk
AAPL tracks β with a dividend approach, while APLY tracks Apple (AAPL) using a covered call strategy.
AAPL betaβ
APLY beta0.67
Fund details
AAPL is managed by β (launched β) with β in assets. APLY is managed by YieldMax (launched 04/17/2023) with $109M in assets.
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Frequently asked questions
Is AAPL or APLY better for dividend income?
It depends on your goals. APLY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between AAPL and APLY?
AAPL (Apple Inc.) tracks β with a dividend strategy, while APLY (YieldMax AAPL Option Income Strategy ETF) tracks Apple (AAPL) with a covered call approach. They are issued by β and YieldMax respectively.
Can I hold both AAPL and APLY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, AAPL or APLY?
AAPL has an expense ratio of β while APLY charges 1.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in AAPL vs APLY generate?
At current rates, $10,000 in AAPL would generate roughly $2.83 per month ($34.00 annually). The same in APLY would produce about $363.42 per month ($4,361.00 annually).
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