AAPD vs. AAPL
Compare and contrast key facts about Direxion Daily AAPL Bear 1X Shares (AAPD) and Apple Inc (AAPL).
AAPD is a passively managed fund by Direxion that tracks the performance of the Apple Inc. (-100%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPD or AAPL.
Key characteristics
| AAPD | AAPL | |
|---|---|---|
| YTD Return | -17.39% | 23.29% |
| 1Y Return | -25.02% | 37.49% |
| Sharpe Ratio | -1.05 | 1.57 |
| Sortino Ratio | -1.43 | 2.28 |
| Omega Ratio | 0.83 | 1.29 |
| Calmar Ratio | -0.54 | 2.14 |
| Martin Ratio | -1.37 | 5.07 |
| Ulcer Index | 17.42% | 6.99% |
| Daily Std Dev | 22.70% | 22.65% |
| Max Drawdown | -44.66% | -81.80% |
| Current Drawdown | -44.66% | 0.00% |
Correlation
The correlation between AAPD and AAPL is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AAPD vs. AAPL - Performance Comparison
In the year-to-date period, AAPD achieves a -17.39% return, which is significantly lower than AAPL's 23.29% 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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Risk-Adjusted Performance
AAPD vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) and Apple Inc (AAPL). 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
AAPD vs. AAPL - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 4.92%, more than AAPL's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | 4.92% | 4.37% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.41% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
Drawdowns
AAPD vs. AAPL - Drawdown Comparison
The maximum AAPD drawdown since its inception was -44.66%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPD and AAPL. For additional features, visit the drawdowns tool.
Volatility
AAPD vs. AAPL - Volatility Comparison
Direxion Daily AAPL Bear 1X Shares (AAPD) and Apple Inc (AAPL) have volatilities of 5.91% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.