AAPU vs. BAMU

Last updated Jun 24, 2026

AAPU (Direxion Daily AAPL Bull 2X Shares) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - AAPU is a Leveraged Equities fund tracking the Apple Inc. (150%), while BAMU is a Ultrashort Bond fund actively managed by Brookstone. AAPU is passively managed, while BAMU is actively managed. Over the past year, AAPU returned 85.62% vs 2.87% for BAMU. At a correlation of -0.03, they often move in opposite directions. AAPU charges 1.04%/yr vs 1.09%/yr for BAMU.

Performance

AAPU vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AAPL Bull 2X Shares (AAPU) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPU achieves a 9.14% return, which is significantly higher than BAMU's 1.18% return.

AAPU

• 1D: -2.33%
• 1M: -10.69%
• YTD: 9.14%
• 6M: 8.52%
• 1Y: 85.62%
• 3Y*: 19.25%
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.00%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.29%
• 1Y: 2.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPU vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AAPU Direxion Daily AAPL Bull 2X Shares	9.14%	-2.91%	58.45%	16.63%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between AAPU and BAMU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.03

The correlation between AAPU and BAMU shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AAPU vs. BAMU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPU

AAPU Risk / Return Rank: 56
AAPU Sharpe Ratio Rank: 60
AAPU Sortino Ratio Rank: 56
AAPU Omega Ratio Rank: 55
AAPU Calmar Ratio Rank: 63
AAPU Martin Ratio Rank: 44

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPU vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Brookstone Ultra-Short Bond ETF (BAMU). 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	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	1.91	4.94	-3.04
Sortino ratio: Return per unit of downside risk	2.56	8.71	-6.15
Omega ratio: Gain probability vs. loss probability	1.33	2.41	-1.08
Calmar ratio: Return relative to maximum drawdown	2.98	24.37	-21.39
Martin ratio: Return relative to average drawdown	7.03	96.52	-89.49

AAPU vs. BAMU - Sharpe Ratio Comparison

The current AAPU Sharpe Ratio is 1.91, which is lower than the BAMU Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of AAPU and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPU vs. BAMU - Drawdown Comparison

The maximum AAPU drawdown since its inception was -58.61%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for AAPU and BAMU.

Drawdown Indicators

	AAPU	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-58.61%	-0.36%	-58.25%
Max Drawdown (1Y) Largest decline over 1 year	-28.90%	-0.12%	-28.78%
Max Drawdown (3Y) Largest decline over 3 years	-58.61%	—	—
Current Drawdown Current decline from peak	-14.08%	0.00%	-14.08%
Average Drawdown Average peak-to-trough decline	-17.59%	-0.02%	-17.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.22%	0.03%	+12.19%

Volatility

AAPU vs. BAMU - Volatility Comparison

Direxion Daily AAPL Bull 2X Shares (AAPU) has a higher volatility of 14.03% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that AAPU's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPU	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.03%	0.09%	+13.94%
Volatility (6M) Calculated over the trailing 6-month period	33.29%	0.39%	+32.90%
Volatility (1Y) Calculated over the trailing 1-year period	45.19%	0.58%	+44.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.91%	0.87%	+48.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.91%	0.87%	+48.04%

AAPU vs. BAMU - Expense Ratio Comparison

AAPU has a 1.04% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

AAPU vs. BAMU - Dividend Comparison

AAPU's dividend yield for the trailing twelve months is around 7.79%, more than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023	2022
AAPU Direxion Daily AAPL Bull 2X Shares	7.79%	8.66%	14.58%	2.32%	0.79%
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%	0.00%

Frequently Asked Questions

Can I hold both AAPU and BAMU in my portfolio?

AAPU and BAMU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPU or BAMU?

AAPU has higher volatility (14.03%) compared to BAMU (0.09%). In terms of maximum drawdown, AAPU dropped -58.61% vs BAMU's -0.36%.

Which ETF is better, AAPU or BAMU?

On 1-year performance, AAPU leads with 85.62% vs 2.87% for BAMU. On fees, AAPU is cheaper at 1.04% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPU or BAMU?

Over the 1-year period, AAPU has performed better with a 85.62% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPU or BAMU?

AAPU is cheaper with a 1.04% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, AAPU or BAMU?

AAPU has the higher dividend yield at 7.79%, compared with 3.05% for BAMU.

What is the main difference between AAPU and BAMU?

AAPU is categorized as Leveraged Equities, while BAMU is Ultrashort Bond. They also come from different issuers: Direxion and Brookstone. Their fees differ too: 1.04% for AAPU and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.94 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.