AAPB vs. SPUU
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
AAPB and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Performance
AAPB vs. SPUU - Performance Comparison
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AAPB vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | -15.83% | -0.93% | 47.02% | 77.21% | -38.44% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -10.01% | 26.55% | 44.25% | 47.28% | -15.61% |
Returns By Period
In the year-to-date period, AAPB achieves a -15.83% return, which is significantly lower than SPUU's -10.01% return.
AAPB
- 1D
- 5.22%
- 1M
- -8.53%
- YTD
- -15.83%
- 6M
- -5.94%
- 1Y
- 10.00%
- 3Y*
- 13.78%
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 5.86%
- 1M
- -10.17%
- YTD
- -10.01%
- 6M
- -6.87%
- 1Y
- 27.13%
- 3Y*
- 28.85%
- 5Y*
- 15.86%
- 10Y*
- 21.67%
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AAPB vs. SPUU - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
AAPB vs. SPUU — Risk / Return Rank
AAPB
SPUU
AAPB vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.
| AAPB | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.75 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.26 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.24 | -0.89 |
Martin ratioReturn relative to average drawdown | 0.85 | 5.35 | -4.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPB | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.75 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.56 | -0.40 |
Correlation
The correlation between AAPB and SPUU is 0.63, 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.
Dividends
AAPB vs. SPUU - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 5.22%, more than SPUU's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 5.22% | 4.39% | 0.00% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.78% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
AAPB vs. SPUU - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, roughly equal to the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for AAPB and SPUU.
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Drawdown Indicators
| AAPB | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -59.35% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -41.56% | -23.10% | -18.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -24.36% | -13.39% | -10.97% |
Average DrawdownAverage peak-to-trough decline | -19.83% | -9.62% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 5.35% | +11.46% |
Volatility
AAPB vs. SPUU - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) and Direxion Daily S&P 500 Bull 2x Shares (SPUU) have volatilities of 10.86% and 10.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPB | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 10.70% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 30.34% | 19.17% | +11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.90% | 36.23% | +26.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.57% | 33.47% | +18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.57% | 35.73% | +15.84% |