AAPD vs. FDRR
AAPD (Direxion Daily AAPL Bear 1X Shares) and FDRR (Fidelity Dividend ETF for Rising Rates) are both exchange-traded funds - AAPD is a Inverse Equities fund tracking the Apple Inc. (-100%), while FDRR is a Large Cap Blend Equities fund tracking the Fidelity Dividend Index for Rising Rates. Both are passively managed. Over the past 3 years, AAPD returned -16.55%/yr vs 21.47%/yr for FDRR. Their -0.59 correlation means they have often moved in opposite directions in the past. AAPD charges 1.06%/yr vs 0.15%/yr for FDRR.
Performance
AAPD vs. FDRR - Performance Comparison
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Returns By Period
In the year-to-date period, AAPD achieves a -13.18% return, which is significantly lower than FDRR's 15.67% return.
AAPD
- 1D
- -1.92%
- 1M
- -1.06%
- 6M
- -13.97%
- YTD
- -13.18%
- 1Y
- -34.80%
- 3Y*
- -16.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.73%
FDRR
- 1D
- 2.18%
- 1M
- 6.09%
- 6M
- 13.46%
- YTD
- 15.67%
- 1Y
- 28.79%
- 3Y*
- 21.47%
- 5Y*
- 13.25%
- 10Y*
- —
- ALL TIME*
- 14.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.85M | $121.65M | $106.46M | |
| $1.12M | $1.09M | $1.10M |
AAPD vs. FDRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -13.18% | -11.41% | -21.45% | -30.42% | 20.24% |
FDRR Fidelity Dividend ETF for Rising Rates | 15.67% | 21.70% | 20.24% | 13.66% | -1.80% |
Correlation
The correlation between AAPD and FDRR is -0.52, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.52 |
Correlation (3Y) Balances recent behavior with more history. | -0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.59 |
The correlation between AAPD and FDRR has been stable across timeframes, ranging from -0.59 to -0.52 - a consistent structural relationship.
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Return for Risk
AAPD vs. FDRR — Risk / Return Rank
AAPD
FDRR
AAPD vs. FDRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) and Fidelity Dividend ETF for Rising Rates (FDRR). 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.
| AAPD | FDRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -5.55 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.46 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.40 | -4.26 |
| Martin ratioReturn relative to average drawdown | -1.38 | 13.46 | -14.84 |
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Drawdowns
AAPD vs. FDRR - Drawdown Comparison
The maximum AAPD drawdown since its inception was -63.02%, which is greater than FDRR's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for AAPD and FDRR.
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Drawdown Indicators
| AAPD | FDRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -36.52% | -26.50% |
Max Drawdown (1Y)Largest decline over 1 year | -40.60% | -8.52% | -32.08% |
Max Drawdown (3Y)Largest decline over 3 years | -53.16% | -18.04% | -35.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Current DrawdownCurrent decline from peak | -59.53% | 0.00% | -59.53% |
Average DrawdownAverage peak-to-trough decline | -35.21% | -3.96% | -31.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.30% | 2.14% | +23.16% |
Volatility
AAPD vs. FDRR - Volatility Comparison
Direxion Daily AAPL Bear 1X Shares (AAPD) has a higher volatility of 10.59% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 3.43%. This indicates that AAPD's price experiences larger fluctuations and is considered to be riskier than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPD | FDRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 3.43% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.23% | 8.98% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.84% | 11.50% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.45% | 15.01% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.45% | 16.80% | +10.65% |
AAPD vs. FDRR - Expense Ratio Comparison
AAPD has a 1.06% expense ratio, which is higher than FDRR's 0.15% expense ratio.
Dividends
AAPD vs. FDRR - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 3.52%, more than FDRR's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | 3.52% | 3.60% | 4.55% | 4.37% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.02% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Frequently Asked Questions
AAPD and FDRR have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPD has higher volatility (10.59%) compared to FDRR (3.43%). In terms of maximum drawdown, AAPD dropped -63.02% vs FDRR's -36.52%.
On 3-year performance, FDRR leads with 21.47% vs -16.55% for AAPD. On fees, FDRR is cheaper at 0.15% per year. On volatility, FDRR has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FDRR has performed better with a 21.47% return vs -16.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDRR is cheaper with a 0.15% expense ratio, compared with 1.06% for AAPD.
AAPD has the higher dividend yield at 3.52%, compared with 2.02% for FDRR.
AAPD is categorized as Inverse Equities, while FDRR is Large Cap Blend Equities. AAPD tracks Apple Inc. (-100%), while FDRR tracks Fidelity Dividend Index for Rising Rates. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 1.06% for AAPD and 0.15% for FDRR.
FDRR currently has the higher Sharpe Ratio (2.53 vs -1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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