AAPB vs. TSYX
AAPB (GraniteShares 2x Long AAPL Daily ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. AAPB charges 1.15%/yr vs 0.98%/yr for TSYX.
Performance
AAPB vs. TSYX - Performance Comparison
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Returns By Period
AAPB
- 1D
- -3.30%
- 1M
- 24.81%
- YTD
- 23.70%
- 6M
- 12.69%
- 1Y
- 106.72%
- 3Y*
- 23.23%
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPB vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 35.49% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between AAPB and TSYX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.54 |
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Return for Risk
AAPB vs. TSYX — Risk / Return Rank
AAPB
TSYX
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | — | — |
| Martin ratioReturn relative to average drawdown | 9.20 | — | — |
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 | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.28 | -0.90 |
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.
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Drawdown Indicators
| AAPB | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -3.30% | -0.16% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -2.97% | -16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | — | — |
Volatility
AAPB vs. TSYX - Volatility Comparison
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Volatility by Period
| AAPB | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.82% | 18.21% | +26.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.33% | 18.21% | +33.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.33% | 18.21% | +33.12% |
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 3.55%, less than TSYX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.55% | 4.39% | 0.00% | 18.75% |
TSYX TSPY Lift ETF | 6.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPB and TSYX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.15% for AAPB.
TSYX has the higher dividend yield at 6.17%, compared with 3.55% for AAPB.
They also come from different issuers: GraniteShares and TappAlpha. Their fees differ too: 1.15% for AAPB and 0.98% for TSYX.
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