AAPB vs. TSYX

Last updated Aug 4, 2026

AAPB (GraniteShares 2x Long AAPL Daily ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.41 correlation means their historical movements had little consistent relationship. AAPB charges 1.15%/yr vs 0.98%/yr for TSYX.

Performance

AAPB vs. TSYX - Performance Comparison

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

Returns By Period

AAPB

• 1D: -3.56%
• 1M: -5.29%
• 6M: 16.59%
• YTD: 13.81%
• 1Y: 96.58%
• 3Y*: 20.30%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.96%

TSYX

• 1D: 1.73%
• 1M: 1.81%
• 6M: 6.29%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPB GraniteShares 2x Long AAPL Daily ETF	$4.65M	$3.84M	$2.80M
TSYX TSPY Lift ETF	$230.32K	$415.33K	$454.07K

AAPB vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
AAPB GraniteShares 2x Long AAPL Daily ETF	22.63%
TSYX TSPY Lift ETF	7.14%

Correlation

The correlation between AAPB and TSYX is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.41

Return for Risk

AAPB vs. TSYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPB

AAPB Risk / Return Rank: 75
AAPB Sharpe Ratio Rank: 78
AAPB Sortino Ratio Rank: 71
AAPB Omega Ratio Rank: 75
AAPB Calmar Ratio Rank: 86
AAPB Martin Ratio Rank: 63

TSYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPB vs. TSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and TSPY Lift ETF (TSYX). 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	TSYX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	7.86	—	—

Drawdowns

AAPB vs. TSYX - Drawdown Comparison

The maximum AAPB drawdown since its inception was -58.13%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for AAPB and TSYX.

Drawdown Indicators

	AAPB	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-58.13%	-13.39%	-44.74%
Max Drawdown (1Y) Largest decline over 1 year	-28.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-58.13%	—	—
Current Drawdown Current decline from peak	-21.15%	-0.83%	-20.32%
Average Drawdown Average peak-to-trough decline	-18.90%	-2.92%	-15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.33%	—	—

Volatility

Volatility by Period

	AAPB	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.44%	18.40%	+34.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.52%	18.40%	+34.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.52%	18.40%	+34.12%

AAPB vs. TSYX - Expense Ratio Comparison

AAPB has a 1.15% expense ratio, which is higher than TSYX's 0.98% expense ratio.

Dividends

AAPB vs. TSYX - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 3.86%, less than TSYX's 9.03% yield.

Position	TTM	2025	2024	2023
AAPB GraniteShares 2x Long AAPL Daily ETF	3.86%	4.39%	0.00%	18.75%
TSYX TSPY Lift ETF	9.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPB and TSYX in my portfolio?

AAPB and TSYX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPB or TSYX?

On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAPB or TSYX?

TSYX is cheaper with a 0.98% expense ratio, compared with 1.15% for AAPB.

Which ETF pays a higher dividend yield, AAPB or TSYX?

TSYX has the higher dividend yield at 9.03%, compared with 3.86% for AAPB.

What is the main difference between AAPB and TSYX?

They also come from different issuers: GraniteShares and TappAlpha. Their fees differ too: 1.15% for AAPB and 0.98% for TSYX.