AAPB vs. AAPX
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and T-Rex 2X Long Apple Daily Target ETF (AAPX).
AAPB and AAPX 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. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or AAPX.
Correlation
The correlation between AAPB and AAPX is 0.99, 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. AAPX - Performance Comparison
Key characteristics
AAPB:
44.72%
AAPX:
45.39%
AAPB:
-47.65%
AAPX:
-31.43%
AAPB:
-2.88%
AAPX:
-3.08%
Returns By Period
AAPB
46.97%
18.92%
34.18%
43.42%
N/A
N/A
AAPX
N/A
18.91%
32.09%
N/A
N/A
N/A
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AAPB vs. AAPX - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than AAPX's 1.05% expense ratio.
Risk-Adjusted Performance
AAPB vs. AAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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.
Not enough dataDividends
AAPB vs. AAPX - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 12.76%, while AAPX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 12.76% | 18.75% |
AAPX T-Rex 2X Long Apple Daily Target ETF | 0.00% | 0.00% |
Drawdowns
AAPB vs. AAPX - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, which is greater than AAPX's maximum drawdown of -31.43%. Use the drawdown chart below to compare losses from any high point for AAPB and AAPX. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. AAPX - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) and T-Rex 2X Long Apple Daily Target ETF (AAPX) have volatilities of 7.87% and 7.82%, 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.