AAPD vs. MSFT
AAPD (Direxion Daily AAPL Bear 1X Shares) is Inverse Equities fund tracking the Apple Inc. (-100%), while MSFT (Microsoft Corporation) is a stock. Over the past 3 years, AAPD returned -14.50%/yr vs 12.25%/yr for MSFT. Their -0.47 correlation means they have often moved in opposite directions in the past.
Performance
AAPD vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, AAPD achieves a -13.02% return, which is significantly lower than MSFT's -3.48% return.
AAPD
- 1D
- 7.44%
- 1M
- -0.88%
- 6M
- -17.25%
- YTD
- -13.02%
- 1Y
- -34.98%
- 3Y*
- -14.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.73%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $137.51M | $120.86M | $103.92M | |
| $17.39B | $14.79B | $16.23B |
AAPD vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -13.02% | -11.41% | -21.45% | -30.42% | 20.24% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -14.02% |
Correlation
The correlation between AAPD and MSFT is -0.18, 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. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.47 |
Over the past year, the inverse relationship between AAPD and MSFT has weakened: their correlation has moved from -0.47 to -0.18, meaning they move in opposite directions less often than they have historically.
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Return for Risk
AAPD vs. MSFT — Risk / Return Rank
AAPD
MSFT
AAPD vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.95 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.32 | -0.63 | -0.69 |
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Drawdowns
AAPD vs. MSFT - Drawdown Comparison
The maximum AAPD drawdown since its inception was -63.02%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for AAPD and MSFT.
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Drawdown Indicators
| AAPD | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -69.38% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -40.70% | -34.50% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -53.16% | -34.50% | -18.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -59.46% | -13.73% | -45.73% |
Average DrawdownAverage peak-to-trough decline | -35.16% | -21.80% | -13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.23% | 19.35% | +5.88% |
Volatility
AAPD vs. MSFT - Volatility Comparison
The current volatility for Direxion Daily AAPL Bear 1X Shares (AAPD) is 11.34%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. This indicates that AAPD experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPD | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 15.97% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 26.41% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.86% | 31.93% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.44% | 28.00% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 27.62% | -0.18% |
Dividends
AAPD vs. MSFT - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 3.52%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
AAPD and MSFT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (15.97%) compared to AAPD (11.34%). In terms of maximum drawdown, AAPD dropped -63.02% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.39 vs -1.30), 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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