AAPB vs. CBRG
AAPB (GraniteShares 2x Long AAPL Daily ETF) and CBRG (Leverage Shares 2X Long CBRS Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. AAPB charges 1.15%/yr vs 0.75%/yr for CBRG.
Performance
AAPB vs. CBRG - Performance Comparison
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Returns By Period
AAPB
- 1D
- -3.56%
- 1M
- -5.29%
- 6M
- 16.59%
- YTD
- 13.81%
- 1Y
- 96.58%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.96%
CBRG
- 1D
- 21.49%
- 1M
- -0.81%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.65M | $3.84M | $2.80M | |
| $53.40M | $44.52M | $39.90M |
AAPB vs. CBRG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 12.08% |
CBRG Leverage Shares 2X Long CBRS Daily ETF | -57.33% |
Correlation
The correlation between AAPB and CBRG is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | -0.03 |
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Return for Risk
AAPB vs. CBRG — Risk / Return Rank
AAPB
CBRG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AAPB vs. CBRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Leverage Shares 2X Long CBRS Daily ETF (CBRG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPB | CBRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | — | — |
| Martin ratioReturn relative to average drawdown | 7.86 | — | — |
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Drawdowns
AAPB vs. CBRG - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, smaller than the maximum CBRG drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for AAPB and CBRG.
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Drawdown Indicators
| AAPB | CBRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -78.35% | +20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -58.13% | — | — |
Current DrawdownCurrent decline from peak | -21.15% | -65.00% | +43.85% |
Average DrawdownAverage peak-to-trough decline | -18.90% | -24.96% | +6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | — | — |
Volatility
AAPB vs. CBRG - Volatility Comparison
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Volatility by Period
| AAPB | CBRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 42.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.44% | 178.34% | -125.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.52% | 178.34% | -125.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.52% | 178.34% | -125.82% |
AAPB vs. CBRG - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than CBRG's 0.75% expense ratio.
Dividends
AAPB vs. CBRG - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 3.86%, while CBRG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.86% | 4.39% | 0.00% | 18.75% |
CBRG Leverage Shares 2X Long CBRS Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPB and CBRG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBRG is cheaper with a 0.75% expense ratio, compared with 1.15% for AAPB.
AAPB has the higher dividend yield at 3.86%, compared with 0.00% for CBRG.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for AAPB and 0.75% for CBRG.
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