Skip to Content
ETFs

YieldMax AAPL Option Income Strategy ETF

APLY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 18 2023
Expense Ratio
0.99%
Type
US Diversified
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$539,120
AUM
$10,222,950
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
33.35%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
31.36%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
31.24%
n/a
AAPL 09/15/2023 175.01 C
7.12%
n/a
APPLE IN CLL OPT 06/23 185
-0.41%
n/a
AAPL 09/15/2023 175.01 P
-2.77%
Invest with APLY

What is APLY?

The YieldMax APLY Option Income Strategy ETF (APLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AAPL. APLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AAPL. The Fund's synthetic covered call strategy consists of the following three elements, each of which is described in greater detail further below: Synthetic long exposure to AAPL, which allows the Fund to seek to participate in the changes, up or down, in the price of AAPL's stock.Covered call writing (where AAPL call options are sold against the synthetic long portion of the strategy), which allows the Fund to generate income. U.S. Treasuries, which are used for collateral for the options, and which also generate income.

ETFs related toAPLY

ETFs correlated to APLY include AAPU, SPYG, IVW

APLY
Tidal Trust II - YieldMax AAPL Option Income Strategy ETF
AAPU
Direxion Shares ETF Trust - Direxion Daily AAPL Bull 1.5X Shares
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
IOO
BlackRock Institutional Trust Company N.A. - iShares Global 100 ETF
HLAL
Listed Funds Trust - Wahed FTSE USA Shariah ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

APLY is a US Diversified ETF. The YieldMax APLY Option Income Strategy ETF (APLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AAPL. APLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AAPL. The Fund's synthetic covered call strategy consists of the following three elements, each of which is described in greater detail further below: Synthetic long exposure to AAPL, which allows the Fund to seek to participate in the changes, up or down, in the price of AAPL's stock.Covered call writing (where AAPL call options are sold against the synthetic long portion of the strategy), which allows the Fund to generate income. U.S. Treasuries, which are used for collateral for the options, and which also generate income.

Yes, APLY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, APLY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APLY is 0.0368%. This is the percent change in the value of APLY over the most recent 1-month period. The 3-month return on APLY is %. This is the percent change in the value of APLY over the most recent 3-month period.

ETFs similar to APLY include AOK, AOR, and FPEI.

ETFs correlated to APLY include AAPU, SPYG, and IVW.

ETFs that are inversely correlated to APLY include AAPD, SPXU, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.