AAPB vs. VOO
Compare and contrast key facts about GraniteShares 2x Long AAPL Daily ETF (AAPB) and Vanguard S&P 500 ETF (VOO).
AAPB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPB or VOO.
Key characteristics
| AAPB | VOO | |
|---|---|---|
| YTD Return | 19.85% | 19.06% |
| 1Y Return | 35.66% | 26.65% |
| Sharpe Ratio | 0.89 | 2.18 |
| Daily Std Dev | 42.58% | 12.72% |
| Max Drawdown | -47.65% | -33.99% |
| Current Drawdown | -12.10% | -0.48% |
Correlation
The correlation between AAPB and VOO is 0.70, 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. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with AAPB having a 19.85% return and VOO slightly lower at 19.06%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. VOO - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AAPB vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 15.64%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AAPB vs. VOO - Drawdown Comparison
The maximum AAPB drawdown since its inception was -47.65%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AAPB and VOO. For additional features, visit the drawdowns tool.
Volatility
AAPB vs. VOO - Volatility Comparison
GraniteShares 2x Long AAPL Daily ETF (AAPB) has a higher volatility of 8.84% compared to Vanguard S&P 500 ETF (VOO) at 4.25%. This indicates that AAPB's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.