AAPB vs. AAPL
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and Apple Inc (AAPL).
AAPB is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or AAPL.
Key characteristics
| AAPB | AAPL | |
|---|---|---|
| YTD Return | 19.85% | 16.00% |
| 1Y Return | 35.66% | 27.26% |
| Sharpe Ratio | 0.89 | 1.29 |
| Daily Std Dev | 42.58% | 21.96% |
| Max Drawdown | -47.65% | -81.80% |
| Current Drawdown | -12.10% | -5.14% |
Correlation
The correlation between AAPB and AAPL is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPB vs. AAPL - Performance Comparison
In the year-to-date period, AAPB achieves a 19.85% return, which is significantly higher than AAPL's 16.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AAPB vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Apple Inc (AAPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAPB vs. AAPL - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 15.64%, more than AAPL's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.44% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
Drawdowns
AAPB vs. AAPL - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPB and AAPL. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. AAPL - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) has a higher volatility of 8.84% compared to Apple Inc (AAPL) at 4.30%. This indicates that AAPB's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.