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AAPB vs. AAPL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.01.0

Performance

AAPB vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AAPL Daily ETF (AAPB) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
66.23%
56.19%
AAPB
AAPL

Key characteristics

Sharpe Ratio

AAPB:

1.09

AAPL:

1.38

Sortino Ratio

AAPB:

1.69

AAPL:

2.04

Omega Ratio

AAPB:

1.21

AAPL:

1.26

Calmar Ratio

AAPB:

1.36

AAPL:

1.88

Martin Ratio

AAPB:

3.50

AAPL:

4.89

Ulcer Index

AAPB:

13.90%

AAPL:

6.39%

Daily Std Dev

AAPB:

44.81%

AAPL:

22.57%

Max Drawdown

AAPB:

-47.65%

AAPL:

-81.80%

Current Drawdown

AAPB:

0.00%

AAPL:

0.00%

Returns By Period

In the year-to-date period, AAPB achieves a 52.37% return, which is significantly higher than AAPL's 32.83% return.


AAPB

YTD

52.37%

1M

22.59%

6M

42.39%

1Y

48.96%

5Y*

N/A

10Y*

N/A

AAPL

YTD

32.83%

1M

11.13%

6M

22.93%

1Y

31.36%

5Y*

30.37%

10Y*

26.14%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for AAPB, currently valued at 1.09, compared to the broader market0.002.004.001.091.38
The chart of Sortino ratio for AAPB, currently valued at 1.69, compared to the broader market-2.000.002.004.006.008.0010.001.692.04
The chart of Omega ratio for AAPB, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.26
The chart of Calmar ratio for AAPB, currently valued at 1.36, compared to the broader market0.005.0010.0015.001.361.88
The chart of Martin ratio for AAPB, currently valued at 3.50, compared to the broader market0.0020.0040.0060.0080.00100.003.504.89
AAPB
AAPL

The current AAPB Sharpe Ratio is 1.09, which is comparable to the AAPL Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of AAPB and AAPL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
1.09
1.38
AAPB
AAPL

Dividends

AAPB vs. AAPL - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 12.30%, more than AAPL's 0.39% yield.


TTM20232022202120202019201820172016201520142013
AAPB
GraniteShares 2x Long AAPL Daily ETF
12.30%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
0.39%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.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember00
AAPB
AAPL

Volatility

AAPB vs. AAPL - Volatility Comparison

GraniteShares 2x Long AAPL Daily ETF (AAPB) has a higher volatility of 8.34% compared to Apple Inc (AAPL) at 4.04%. 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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
8.34%
4.04%
AAPB
AAPL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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