GraniteShares 2x Long AAPL Daily ETF (AAPB)
AAPB is an actively managed ETF by GraniteShares. AAPB launched on Aug 8, 2022 and has a 1.15% expense ratio.
ETF Info
| ISIN | US38747R8842 |
|---|---|
| Issuer | GraniteShares |
| Inception Date | Aug 8, 2022 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
AAPB has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long AAPL Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GraniteShares 2x Long AAPL Daily ETF had a return of 18.50% year-to-date (YTD) and 31.51% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 18.50% | 13.39% |
| 1 month | 9.98% | 4.02% |
| 6 months | 54.05% | 5.56% |
| 1 year | 31.51% | 21.51% |
| 5 years (annualized) | N/A | 12.69% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns
The table below presents the monthly returns of AAPB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.36% | -5.04% | -11.33% | -2.68% | 25.97% | 17.92% | 9.75% | 5.21% | 18.50% | ||||
| 2023 | 18.99% | 3.35% | 19.94% | 4.02% | 7.42% | 15.49% | 1.47% | -8.32% | -16.12% | -1.27% | 19.25% | 1.36% | 77.21% |
| 2022 | -8.54% | -21.38% | 17.84% | -7.80% | -21.20% | -38.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AAPB is 28, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GraniteShares 2x Long AAPL Daily ETF granted a 15.82% dividend yield in the last twelve months. The annual payout for that period amounted to $4.31 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $4.31 | $4.31 |
Dividend yield | 15.82% | 18.75% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long AAPL Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $4.31 | $4.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long AAPL Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long AAPL Daily ETF was 47.65%, occurring on Jan 5, 2023. Recovery took 115 trading sessions.
The current GraniteShares 2x Long AAPL Daily ETF drawdown is 13.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.65% | Aug 18, 2022 | 97 | Jan 5, 2023 | 115 | Jun 22, 2023 | 212 |
| -35.72% | Aug 1, 2023 | 182 | Apr 19, 2024 | 37 | Jun 12, 2024 | 219 |
| -23.18% | Jul 17, 2024 | 15 | Aug 6, 2024 | — | — | — |
| -8.86% | Jun 18, 2024 | 3 | Jun 21, 2024 | 7 | Jul 2, 2024 | 10 |
| -5.36% | Jul 3, 2023 | 6 | Jul 11, 2023 | 6 | Jul 19, 2023 | 12 |
Volatility
Volatility Chart
The current GraniteShares 2x Long AAPL Daily ETF volatility is 9.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.