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

Correlation

The correlation between AAPB and NVDA is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.4

Performance

AAPB vs. NVDA - Performance Comparison

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

0.00%200.00%400.00%600.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
66.23%
689.32%
AAPB
NVDA

Key characteristics

Sharpe Ratio

AAPB:

1.09

NVDA:

3.44

Sortino Ratio

AAPB:

1.69

NVDA:

3.64

Omega Ratio

AAPB:

1.21

NVDA:

1.46

Calmar Ratio

AAPB:

1.36

NVDA:

6.66

Martin Ratio

AAPB:

3.50

NVDA:

20.59

Ulcer Index

AAPB:

13.90%

NVDA:

8.74%

Daily Std Dev

AAPB:

44.81%

NVDA:

52.29%

Max Drawdown

AAPB:

-47.65%

NVDA:

-89.73%

Current Drawdown

AAPB:

0.00%

NVDA:

-9.52%

Returns By Period

In the year-to-date period, AAPB achieves a 52.37% return, which is significantly lower than NVDA's 172.06% return.


AAPB

YTD

52.37%

1M

22.59%

6M

42.39%

1Y

48.96%

5Y*

N/A

10Y*

N/A

NVDA

YTD

172.06%

1M

-7.66%

6M

6.44%

1Y

175.01%

5Y*

86.75%

10Y*

75.35%

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Risk-Adjusted Performance

AAPB vs. NVDA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and NVIDIA Corporation (NVDA). 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 1.09, compared to the broader market0.002.004.001.093.44
The chart of Sortino ratio for AAPB, currently valued at 1.69, compared to the broader market-2.000.002.004.006.008.0010.001.693.64
The chart of Omega ratio for AAPB, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.46
The chart of Calmar ratio for AAPB, currently valued at 1.36, compared to the broader market0.005.0010.0015.001.366.66
The chart of Martin ratio for AAPB, currently valued at 3.50, compared to the broader market0.0020.0040.0060.0080.00100.003.5020.59
AAPB
NVDA

The current AAPB Sharpe Ratio is 1.09, which is lower than the NVDA Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of AAPB and NVDA, 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 Ratio0.001.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.09
3.44
AAPB
NVDA

Dividends

AAPB vs. NVDA - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 12.30%, more than NVDA's 0.02% yield.


TTM20232022202120202019201820172016201520142013
AAPB
GraniteShares 2x Long AAPL Daily ETF
12.30%18.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NVDA
NVIDIA Corporation
0.02%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%1.70%1.94%

Drawdowns

AAPB vs. NVDA - Drawdown Comparison

The maximum AAPB drawdown since its inception was -47.65%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for AAPB and NVDA. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-9.52%
AAPB
NVDA

Volatility

AAPB vs. NVDA - Volatility Comparison

The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 8.34%, while NVIDIA Corporation (NVDA) has a volatility of 10.07%. This indicates that AAPB experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
8.34%
10.07%
AAPB
NVDA
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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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