AAPB vs. AAPU
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily AAPL Bull 2X Shares (AAPU).
AAPB and AAPU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPB is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022. AAPU is a passively managed fund by Direxion that tracks the performance of the Apple Inc. (150%). 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 AAPU.
Key characteristics
| AAPB | AAPU | |
|---|---|---|
| YTD Return | 19.85% | 29.69% |
| 1Y Return | 35.66% | 45.99% |
| Sharpe Ratio | 0.89 | 1.20 |
| Daily Std Dev | 42.58% | 40.01% |
| Max Drawdown | -47.65% | -41.79% |
| Current Drawdown | -12.10% | -12.29% |
Correlation
The correlation between AAPB and AAPU 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. AAPU - Performance Comparison
In the year-to-date period, AAPB achieves a 19.85% return, which is significantly lower than AAPU's 29.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AAPB vs. AAPU - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than AAPU's 1.04% expense ratio.
Risk-Adjusted Performance
AAPB vs. AAPU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily AAPL Bull 2X Shares (AAPU). 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. AAPU - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 15.64%, more than AAPU's 1.99% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 18.75% | 0.00% |
AAPU Direxion Daily AAPL Bull 2X Shares | 1.99% | 2.32% | 0.79% |
Drawdowns
AAPB vs. AAPU - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, which is greater than AAPU's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for AAPB and AAPU. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. AAPU - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily AAPL Bull 2X Shares (AAPU) have volatilities of 8.84% and 8.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.