AAPU vs. AAPX
Compare and contrast key facts about Direxion Daily AAPL Bull 2X Shares (AAPU) and T-Rex 2X Long Apple Daily Target ETF (AAPX).
AAPU and AAPX 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. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPU or AAPX.
Correlation
The correlation between AAPU and AAPX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAPU vs. AAPX - Performance Comparison
Key characteristics
AAPU:
0.45
AAPX:
0.43
AAPU:
1.05
AAPX:
1.03
AAPU:
1.15
AAPX:
1.15
AAPU:
0.49
AAPX:
0.47
AAPU:
1.60
AAPX:
1.53
AAPU:
18.06%
AAPX:
18.17%
AAPU:
64.74%
AAPX:
65.00%
AAPU:
-58.61%
AAPX:
-58.55%
AAPU:
-41.27%
AAPX:
-41.45%
Returns By Period
The year-to-date returns for both stocks are quite close, with AAPU having a -36.91% return and AAPX slightly lower at -37.21%.
AAPU
-36.91%
-15.81%
-27.50%
24.54%
N/A
N/A
AAPX
-37.21%
-16.03%
-27.59%
23.35%
N/A
N/A
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AAPU vs. AAPX - Expense Ratio Comparison
AAPU has a 1.04% expense ratio, which is lower than AAPX's 1.05% expense ratio.
Risk-Adjusted Performance
AAPU vs. AAPX — Risk-Adjusted Performance Rank
AAPU
AAPX
AAPU vs. AAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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. AAPX - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 23.99%, less than AAPX's 34.17% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 23.99% | 14.58% | 2.32% | 0.79% |
AAPX T-Rex 2X Long Apple Daily Target ETF | 34.17% | 21.46% | 0.00% | 0.00% |
Drawdowns
AAPU vs. AAPX - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, roughly equal to the maximum AAPX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for AAPU and AAPX. For additional features, visit the drawdowns tool.
Volatility
AAPU vs. AAPX - Volatility Comparison
Direxion Daily AAPL Bull 2X Shares (AAPU) and T-Rex 2X Long Apple Daily Target ETF (AAPX) have volatilities of 44.15% and 44.39%, 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.