AAPB vs. TSYX

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and TSPY Lift ETF (TSYX).

AAPB and TSYX 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. TSYX is an actively managed fund by TappAlpha. It was launched on Jan 6, 2026.

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.

AAPB vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
AAPB GraniteShares 2x Long AAPL Daily ETF	-7.81%
TSYX TSPY Lift ETF	-8.44%

Returns By Period

AAPB

• 1D: 5.22%
• 1M: -8.53%
• YTD: -15.83%
• 6M: -5.94%
• 1Y: 10.00%
• 3Y*: 13.78%
• 5Y*: —
• 10Y*: —

TSYX

• 1D: 4.07%
• 1M: -7.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPB vs. TSYX - Expense Ratio Comparison

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

AAPB

GraniteShares 2x Long AAPL Daily ETF

TSYX

TSPY Lift ETF

Return for Risk

AAPB vs. TSYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPB

AAPB Risk / Return Rank: 21
AAPB Sharpe Ratio Rank: 16
AAPB Sortino Ratio Rank: 26
AAPB Omega Ratio Rank: 26
AAPB Calmar Ratio Rank: 20
AAPB Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	AAPB	TSYX	Difference
Sharpe ratio Return per unit of total volatility	0.16	—	—
Sortino ratio Return per unit of downside risk	0.70	—	—
Omega ratio Gain probability vs. loss probability	1.10	—	—
Calmar ratio Return relative to maximum drawdown	0.34	—	—
Martin ratio Return relative to average drawdown	0.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AAPB	TSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-1.61	+1.77

Correlation

The correlation between AAPB and TSYX is 0.61, 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. TSYX - Dividend Comparison

AAPB's dividend yield for the trailing twelve months is around 5.22%, more than TSYX's 3.46% yield.

	TTM	2025	2024	2023
AAPB GraniteShares 2x Long AAPL Daily ETF	5.22%	4.39%	0.00%	18.75%
TSYX TSPY Lift ETF	3.46%	0.00%	0.00%	0.00%

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	-41.56%	—	—
Current Drawdown Current decline from peak	-24.36%	-9.86%	-14.50%
Average Drawdown Average peak-to-trough decline	-19.83%	-3.75%	-16.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.81%	—	—

Volatility

Volatility by Period

	AAPB	TSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.90%	20.22%	+42.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.57%	20.22%	+31.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.57%	20.22%	+31.35%