AAPB vs. QCOM
AAPB (GraniteShares 2x Long AAPL Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while QCOM (QUALCOMM Incorporated) is a stock. Over the past 3 years, AAPB returned 17.91%/yr vs 24.31%/yr for QCOM. At a 0.45 correlation, their price movements are largely independent.
Performance
AAPB vs. QCOM - Performance Comparison
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Returns By Period
In the year-to-date period, AAPB achieves a 12.10% return, which is significantly lower than QCOM's 30.40% return.
AAPB
- 1D
- 3.36%
- 1M
- -3.87%
- YTD
- 12.10%
- 6M
- 10.03%
- 1Y
- 101.75%
- 3Y*
- 17.91%
- 5Y*
- —
- 10Y*
- —
QCOM
- 1D
- 4.29%
- 1M
- 9.99%
- YTD
- 30.40%
- 6M
- 24.43%
- 1Y
- 45.72%
- 3Y*
- 24.31%
- 5Y*
- 12.76%
- 10Y*
- 18.41%
AAPB vs. QCOM - 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% |
QCOM QUALCOMM Incorporated | 30.40% | 13.84% | 8.31% | 35.07% | -24.73% |
Correlation
The correlation between AAPB and QCOM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.45 |
The correlation between AAPB and QCOM shifts across timeframes, from 0.30 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AAPB vs. QCOM — Risk / Return Rank
AAPB
QCOM
AAPB vs. QCOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and QUALCOMM Incorporated (QCOM). 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 | QCOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.39 | +2.25 |
| Martin ratioReturn relative to average drawdown | 8.67 | 3.08 | +5.60 |
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Drawdowns
AAPB vs. QCOM - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, smaller than the maximum QCOM drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for AAPB and QCOM.
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Drawdown Indicators
| AAPB | QCOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -86.75% | +28.62% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -33.13% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -58.13% | -44.23% | -13.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.29% | — |
Current DrawdownCurrent decline from peak | -12.37% | -11.71% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -19.27% | -32.87% | +13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 14.90% | -3.13% |
Volatility
AAPB vs. QCOM - Volatility Comparison
The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 14.34%, while QUALCOMM Incorporated (QCOM) has a volatility of 26.79%. This indicates that AAPB experiences smaller price fluctuations and is considered to be less risky than QCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPB | QCOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 26.79% | -12.45% |
Volatility (6M)Calculated over the trailing 6-month period | 33.42% | 42.38% | -8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.58% | 48.72% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.37% | 41.22% | +10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.37% | 39.31% | +12.06% |
Dividends
AAPB vs. QCOM - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 3.92%, more than QCOM's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.92% | 4.39% | 0.00% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCOM QUALCOMM Incorporated | 1.63% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
Frequently Asked Questions
AAPB and QCOM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCOM has higher volatility (26.79%) compared to AAPB (14.34%). In terms of maximum drawdown, AAPB dropped -58.13% vs QCOM's -86.75%.
AAPB currently has the higher Sharpe Ratio (2.25 vs 0.94), 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.
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