PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
AAPB vs. NVDL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AAPB and NVDL is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

AAPB vs. NVDL - Performance Comparison

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

0.00%500.00%1,000.00%1,500.00%2,000.00%JulyAugustSeptemberOctoberNovemberDecember
118.46%
1,623.76%
AAPB
NVDL

Key characteristics

Sharpe Ratio

AAPB:

1.09

NVDL:

3.57

Sortino Ratio

AAPB:

1.69

NVDL:

3.24

Omega Ratio

AAPB:

1.21

NVDL:

1.41

Calmar Ratio

AAPB:

1.36

NVDL:

7.20

Martin Ratio

AAPB:

3.50

NVDL:

18.48

Ulcer Index

AAPB:

13.90%

NVDL:

20.04%

Daily Std Dev

AAPB:

44.81%

NVDL:

103.70%

Max Drawdown

AAPB:

-47.65%

NVDL:

-51.40%

Current Drawdown

AAPB:

0.00%

NVDL:

-20.84%

Returns By Period

In the year-to-date period, AAPB achieves a 52.37% return, which is significantly lower than NVDL's 351.88% return.


AAPB

YTD

52.37%

1M

22.59%

6M

42.39%

1Y

48.96%

5Y*

N/A

10Y*

N/A

NVDL

YTD

351.88%

1M

-16.26%

6M

-9.41%

1Y

358.88%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AAPB vs. NVDL - Expense Ratio Comparison

Both AAPB and NVDL have an expense ratio of 1.15%.


AAPB
GraniteShares 2x Long AAPL Daily ETF
Expense ratio chart for AAPB: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for NVDL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%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.


Sharpe ratio
The chart of Sharpe ratio for AAPB, currently valued at 1.09, compared to the broader market0.002.004.001.093.57
The chart of Sortino ratio for AAPB, currently valued at 1.69, compared to the broader market-2.000.002.004.006.008.0010.001.693.24
The chart of Omega ratio for AAPB, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.41
The chart of Calmar ratio for AAPB, currently valued at 1.36, compared to the broader market0.005.0010.0015.001.367.20
The chart of Martin ratio for AAPB, currently valued at 3.50, compared to the broader market0.0020.0040.0060.0080.00100.003.5018.48
AAPB
NVDL

The current AAPB Sharpe Ratio is 1.09, which is lower than the NVDL Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of AAPB and NVDL, 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 Ratio0.001.002.003.004.005.006.007.00JulyAugustSeptemberOctoberNovemberDecember
1.09
3.57
AAPB
NVDL

Dividends

AAPB vs. NVDL - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 12.30%, more than NVDL's 2.50% yield.


TTM2023
AAPB
GraniteShares 2x Long AAPL Daily ETF
12.30%18.75%
NVDL
GraniteShares 2x Long NVDA Daily ETF
2.50%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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-20.84%
AAPB
NVDL

Volatility

AAPB vs. NVDL - Volatility Comparison

The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 8.34%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 20.30%. 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.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
8.34%
20.30%
AAPB
NVDL
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


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.

Copyright © 2024 PortfoliosLab