AAPB vs. NVDL
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
AAPB and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or NVDL.
Key characteristics
| AAPB | NVDL | |
|---|---|---|
| YTD Return | 19.85% | 278.88% |
| 1Y Return | 35.66% | 312.77% |
| Sharpe Ratio | 0.89 | 3.14 |
| Daily Std Dev | 42.58% | 99.93% |
| Max Drawdown | -47.65% | -51.40% |
| Current Drawdown | -12.10% | -33.63% |
Correlation
The correlation between AAPB and NVDL is 0.40, 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. NVDL - Performance Comparison
In the year-to-date period, AAPB achieves a 19.85% return, which is significantly lower than NVDL's 278.88% 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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AAPB vs. NVDL - Expense Ratio Comparison
Both AAPB and NVDL have an expense ratio of 1.15%.
Risk-Adjusted Performance
AAPB vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 15.64%, more than NVDL's 2.98% yield.
| TTM | 2023 | |
|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 18.75% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.98% | 11.29% |
Drawdowns
AAPB vs. NVDL - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, smaller than the maximum NVDL drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for AAPB and NVDL. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. NVDL - Volatility Comparison
The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 8.84%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 37.66%. This indicates that AAPB experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.