AAPU vs. AAPL
AAPU (Direxion Daily AAPL Bull 2X Shares) is Leveraged Equities fund tracking the Apple Inc. (150%), while AAPL (Apple Inc) is a stock. Over the past 3 years, AAPU returned 19.25%/yr vs 16.93%/yr for AAPL. With a 1.00 correlation, they move nearly in lockstep.
Performance
AAPU vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, AAPU achieves a 9.14% return, which is significantly higher than AAPL's 8.46% return.
AAPU
- 1D
- -2.33%
- 1M
- -10.69%
- YTD
- 9.14%
- 6M
- 8.52%
- 1Y
- 85.62%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- -0.91%
- 1M
- -4.70%
- YTD
- 8.46%
- 6M
- 8.26%
- 1Y
- 46.63%
- 3Y*
- 16.93%
- 5Y*
- 17.74%
- 10Y*
- 30.05%
AAPU vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 9.14% | -2.91% | 58.45% | 68.66% | -32.44% |
AAPL Apple Inc | 8.46% | 9.05% | 30.71% | 49.01% | -21.06% |
Correlation
The correlation between AAPU and AAPL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 1.00 |
The correlation between AAPU and AAPL has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
AAPU vs. AAPL — Risk / Return Rank
AAPU
AAPL
AAPU vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) 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.
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.
| AAPU | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.40 | -0.42 |
| Martin ratioReturn relative to average drawdown | 7.03 | 8.35 | -1.32 |
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Drawdowns
AAPU vs. AAPL - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPU and AAPL.
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Drawdown Indicators
| AAPU | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -81.80% | +23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -13.80% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -58.61% | -33.36% | -25.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -14.08% | -6.63% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -17.59% | -29.58% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 5.60% | +6.62% |
Volatility
AAPU vs. AAPL - Volatility Comparison
Direxion Daily AAPL Bull 2X Shares (AAPU) has a higher volatility of 14.03% compared to Apple Inc (AAPL) at 6.98%. This indicates that AAPU's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPU | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 6.98% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 33.29% | 16.62% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.19% | 22.57% | +22.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.91% | 27.52% | +21.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.91% | 28.92% | +19.99% |
Dividends
AAPU vs. AAPL - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 7.79%, more than AAPL's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
AAPU Direxion Daily AAPL Bull 2X Shares | 7.79% | 8.66% | 14.58% | 2.32% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, AAPU and AAPL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AAPU has higher volatility (14.03%) compared to AAPL (6.98%). In terms of maximum drawdown, AAPU dropped -58.61% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.08 vs 1.91), 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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