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

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.


-0.50.00.51.01.0

Performance

AAPB vs. AAPU - Performance Comparison

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

20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
67.18%
87.44%
AAPB
AAPU

Key characteristics

Sharpe Ratio

AAPB:

1.11

AAPU:

1.46

Sortino Ratio

AAPB:

1.71

AAPU:

2.10

Omega Ratio

AAPB:

1.22

AAPU:

1.27

Calmar Ratio

AAPB:

1.39

AAPU:

2.20

Martin Ratio

AAPB:

3.65

AAPU:

5.61

Ulcer Index

AAPB:

13.65%

AAPU:

11.16%

Daily Std Dev

AAPB:

44.88%

AAPU:

43.08%

Max Drawdown

AAPB:

-47.65%

AAPU:

-41.80%

Current Drawdown

AAPB:

0.00%

AAPU:

0.00%

Returns By Period

In the year-to-date period, AAPB achieves a 53.24% return, which is significantly lower than AAPU's 65.43% return.


AAPB

YTD

53.24%

1M

22.56%

6M

41.82%

1Y

51.60%

5Y*

N/A

10Y*

N/A

AAPU

YTD

65.43%

1M

22.67%

6M

40.83%

1Y

63.94%

5Y*

N/A

10Y*

N/A

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.


AAPB
GraniteShares 2x Long AAPL Daily ETF
Expense ratio chart for AAPB: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for AAPU: current value at 1.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.04%

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.


Sharpe ratio
The chart of Sharpe ratio for AAPB, currently valued at 1.11, compared to the broader market0.002.004.001.111.46
The chart of Sortino ratio for AAPB, currently valued at 1.71, compared to the broader market-2.000.002.004.006.008.0010.001.712.10
The chart of Omega ratio for AAPB, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.27
The chart of Calmar ratio for AAPB, currently valued at 1.39, compared to the broader market0.005.0010.0015.001.392.20
The chart of Martin ratio for AAPB, currently valued at 3.65, compared to the broader market0.0020.0040.0060.0080.00100.003.655.61
AAPB
AAPU

The current AAPB Sharpe Ratio is 1.11, which is comparable to the AAPU Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of AAPB and AAPU, 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 Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
1.11
1.46
AAPB
AAPU

Dividends

AAPB vs. AAPU - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 12.23%, less than AAPU's 13.97% yield.


TTM20232022
AAPB
GraniteShares 2x Long AAPL Daily ETF
12.23%18.75%0.00%
AAPU
Direxion Daily AAPL Bull 2X Shares
13.97%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 -41.80%. Use the drawdown chart below to compare losses from any high point for AAPB and AAPU. For additional features, visit the drawdowns tool.


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

Volatility

AAPB vs. AAPU - Volatility Comparison

GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily AAPL Bull 2X Shares (AAPU) have volatilities of 8.25% and 8.03%, 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.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
8.25%
8.03%
AAPB
AAPU
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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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