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.
Key characteristics
| AAPB | TQQQ | |
|---|---|---|
| YTD Return | 19.85% | 33.83% |
| 1Y Return | 35.66% | 63.22% |
| Sharpe Ratio | 0.89 | 1.26 |
| Daily Std Dev | 42.58% | 53.04% |
| Max Drawdown | -47.65% | -81.66% |
| Current Drawdown | -12.10% | -21.69% |
Correlation
The correlation between AAPB and TQQQ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPB vs. TQQQ - Performance Comparison
In the year-to-date period, AAPB achieves a 19.85% return, which is significantly lower than TQQQ's 33.83% 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. 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 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's dividend yield for the trailing twelve months is around 15.64%, more than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.28% | 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
The current volatility for GraniteShares 2x Long AAPL Daily ETF (AAPB) is 8.84%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.64%. This indicates that AAPB experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.