AAPU vs. AAPB
Compare and contrast key facts about Direxion Daily AAPL Bull 2X Shares (AAPU) and GraniteShares 2x Long AAPL Daily ETF (AAPB).
AAPU and AAPB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPU is a passively managed fund by Direxion that tracks the performance of the Apple Inc. (150%). It was launched on Aug 8, 2022. AAPB is an actively managed fund by GraniteShares. 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: AAPU or AAPB.
Key characteristics
| AAPU | AAPB | |
|---|---|---|
| YTD Return | 29.69% | 19.85% |
| 1Y Return | 45.99% | 35.66% |
| Sharpe Ratio | 1.20 | 0.89 |
| Daily Std Dev | 40.01% | 42.58% |
| Max Drawdown | -41.79% | -47.65% |
| Current Drawdown | -12.29% | -12.10% |
Correlation
The correlation between AAPU and AAPB is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPU vs. AAPB - Performance Comparison
In the year-to-date period, AAPU achieves a 29.69% return, which is significantly higher than AAPB's 19.85% 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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AAPU vs. AAPB - Expense Ratio Comparison
AAPU has a 1.04% expense ratio, which is lower than AAPB's 1.15% expense ratio.
Risk-Adjusted Performance
AAPU vs. AAPB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and GraniteShares 2x Long AAPL Daily ETF (AAPB). 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
AAPU vs. AAPB - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 1.99%, less than AAPB's 15.64% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 1.99% | 2.32% | 0.79% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 15.64% | 18.75% | 0.00% |
Drawdowns
AAPU vs. AAPB - Drawdown Comparison
The maximum AAPU drawdown since its inception was -41.79%, smaller than the maximum AAPB drawdown of -47.65%. Use the drawdown chart below to compare losses from any high point for AAPU and AAPB. For additional features, visit the drawdowns tool.
Volatility
AAPU vs. AAPB - Volatility Comparison
Direxion Daily AAPL Bull 2X Shares (AAPU) and GraniteShares 2x Long AAPL Daily ETF (AAPB) have volatilities of 8.71% and 8.84%, 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.