AAPB vs. NVDA
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and NVIDIA Corporation (NVDA).
AAPB is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or NVDA.
Key characteristics
| AAPB | NVDA | |
|---|---|---|
| YTD Return | 19.85% | 140.55% |
| 1Y Return | 35.66% | 161.37% |
| Sharpe Ratio | 0.89 | 3.13 |
| Daily Std Dev | 42.58% | 51.78% |
| Max Drawdown | -47.65% | -89.73% |
| Current Drawdown | -12.10% | -12.15% |
Correlation
The correlation between AAPB and NVDA is 0.48, 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.
Performance
AAPB vs. NVDA - Performance Comparison
In the year-to-date period, AAPB achieves a 19.85% return, which is significantly lower than NVDA's 140.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Dividends
AAPB vs. NVDA - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 15.64%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 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% | 0.30% | 0.46% | 1.19% | 1.68% | 1.95% |
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.
Volatility
AAPB vs. NVDA - Volatility Comparison
The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 8.84%, while NVIDIA Corporation (NVDA) has a volatility of 18.71%. 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.