AAPB vs. MSTR
AAPB (GraniteShares 2x Long AAPL Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while MSTR (Strategy Inc) is a stock. Over the past 3 years, AAPB returned 17.91%/yr vs 64.73%/yr for MSTR. At a 0.26 correlation, their price movements are largely independent.
Performance
AAPB vs. MSTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAPB achieves a 12.10% return, which is significantly higher than MSTR's -13.70% return.
AAPB
- 1D
- 3.36%
- 1M
- -3.87%
- YTD
- 12.10%
- 6M
- 10.03%
- 1Y
- 101.75%
- 3Y*
- 17.91%
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- 5.78%
- 1M
- -26.08%
- YTD
- -13.70%
- 6M
- -19.09%
- 1Y
- -65.75%
- 3Y*
- 64.73%
- 5Y*
- 16.17%
- 10Y*
- 22.02%
AAPB vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 12.10% | -0.93% | 47.02% | 77.21% | -38.60% |
MSTR Strategy Inc | -13.70% | -47.53% | 358.54% | 346.15% | -57.10% |
Correlation
The correlation between AAPB and MSTR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPB vs. MSTR — Risk / Return Rank
AAPB
MSTR
AAPB vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.83 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | -0.86 | +4.50 |
| Martin ratioReturn relative to average drawdown | 8.67 | -1.24 | +9.91 |
Loading charts...
Drawdowns
AAPB vs. MSTR - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for AAPB and MSTR.
Loading charts...
Drawdown Indicators
| AAPB | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -99.86% | +41.73% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -76.53% | +48.42% |
Max Drawdown (3Y)Largest decline over 3 years | -58.13% | -77.42% | +19.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -12.37% | -72.32% | +59.95% |
Average DrawdownAverage peak-to-trough decline | -19.27% | -86.45% | +67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 53.20% | -41.43% |
Volatility
AAPB vs. MSTR - Volatility Comparison
The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 14.34%, while Strategy Inc (MSTR) has a volatility of 21.84%. This indicates that AAPB experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPB | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 21.84% | -7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 33.42% | 57.65% | -24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.58% | 71.53% | -25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.37% | 90.56% | -39.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.37% | 73.85% | -22.48% |
Dividends
AAPB vs. MSTR - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 3.92%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.92% | 4.39% | 0.00% | 18.75% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPB and MSTR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.84%) compared to AAPB (14.34%). In terms of maximum drawdown, AAPB dropped -58.13% vs MSTR's -99.86%.
AAPB currently has the higher Sharpe Ratio (2.25 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AAPB and MSTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer