APLY vs PNOV
YieldMax AAPL Option Income Strategy ETF vs Innovator US Equity Power Buffer ETF - November
Which is better, APLY or PNOV?
APLY has been ahead.
PNOV has a lower expense ratio. APLY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APLY | PNOV |
|---|---|---|
| Expense Ratio | 1.04% | 0.79%Best |
| AUM | $121M | $838M |
| Dividend Yield | 33.28% | 0.00% |
| Holdings | 26 | 18 |
| YTD Return | +14.25%Best | +9.87% |
| 1Y Return | +22.71%Best | +11.76% |
| 3Y Return (annualized) | +14.42%Best | +11.02% |
| 5Y Return (annualized) | - | +8.54% |
| Volatility (annualized) | 16.2% | 6.7%Best |
| Max Drawdown | -31.1% | -10.3%Best |
| $10,000 over 3.5 years | $15,654Best | $14,345 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 17, 2023 | Oct 31, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Apr 18, 2023 to Oct 14, 2026 (3.5 years).
APLY vs PNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
APLY vs PNOV Performance
YieldMax AAPL Option Income Strategy ETF (APLY) is an ETF from YieldMax ETF and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year APLY returned +22.71% while PNOV returned +11.76%. Year to date, APLY is up 14.25% versus a gain of 9.87% for PNOV.
Over three years, APLY compounded at +14.42% per year against +11.02% for PNOV. Across the full 4-year window we track, APLY has the edge at +13.66% annualized vs +10.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
APLY has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 6.7% for PNOV. 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 -10.3% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
APLY charges 1.04% per year while PNOV charges 0.79%. On a $10,000 position that is $104 vs $79 annually, a gap of $25 per year that compounds over a long holding period. On income, APLY currently yields 33.28% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of APLY and PNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APLY or PNOV?
APLY has an expense ratio of 1.04% while PNOV charges 0.79%. PNOV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, APLY or PNOV?
Over the past year APLY returned +22.71% vs +11.76% for PNOV, so APLY leads on 1-year performance. Over the longest common window we track (4 years), APLY annualized +13.66% vs +10.86% for PNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APLY or PNOV?
APLY has been the more volatile fund at 16.2% annualized versus 6.7% for PNOV. Worst drawdown: APLY -31.1% vs PNOV -10.3%.
Should I hold both APLY and PNOV?
APLY and PNOV have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, APLY or PNOV?
APLY yields 33.28% while PNOV yields 0.00%, so APLY currently pays the higher dividend yield.
Is PNOV better than APLY?
PNOV has a lower expense ratio. APLY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.