AAPB vs. TQQQ
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and ProShares UltraPro QQQ (TQQQ).
AAPB and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or TQQQ.
Correlation
The correlation between AAPB and TQQQ is 0.69, 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. TQQQ - Performance Comparison
Key characteristics
AAPB:
1.23
TQQQ:
0.94
AAPB:
1.80
TQQQ:
1.45
AAPB:
1.23
TQQQ:
1.19
AAPB:
1.64
TQQQ:
1.20
AAPB:
4.93
TQQQ:
3.90
AAPB:
11.85%
TQQQ:
13.18%
AAPB:
47.74%
TQQQ:
54.76%
AAPB:
-47.65%
TQQQ:
-81.66%
AAPB:
-12.14%
TQQQ:
-9.97%
Returns By Period
In the year-to-date period, AAPB achieves a -5.74% return, which is significantly lower than TQQQ's 5.79% return.
AAPB
-5.74%
19.35%
10.56%
57.26%
N/A
N/A
TQQQ
5.79%
-5.24%
19.47%
42.38%
29.50%
34.20%
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. TQQQ - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
AAPB vs. TQQQ — Risk-Adjusted Performance Rank
AAPB
TQQQ
AAPB vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
AAPB has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 0.00% | 0.00% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.20% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
AAPB vs. TQQQ - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AAPB and TQQQ. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. TQQQ - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) and ProShares UltraPro QQQ (TQQQ) have volatilities of 15.07% and 15.21%, 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.