AAPU vs. MSFT.TO

Last updated Jun 4, 2026

AAPU (Direxion Daily AAPL Bull 2X Shares) is Leveraged Equities fund tracking the Apple Inc. (150%), while MSFT.TO (Microsoft CDR (CAD Hedged)) is a stock. Over the past 3 years, AAPU returned 25.97%/yr vs 5.95%/yr for MSFT.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

AAPU vs. MSFT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AAPL Bull 2X Shares (AAPU) and Microsoft CDR (CAD Hedged) (MSFT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AAPU is traded in USD, while MSFT.TO is traded in CAD. To make them comparable, the MSFT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AAPU achieves a 23.16% return, which is significantly higher than MSFT.TO's -13.27% return.

AAPU

• 1D: -3.04%
• 1M: 24.81%
• YTD: 23.16%
• 6M: 11.93%
• 1Y: 104.11%
• 3Y*: 25.97%
• 5Y*: —
• 10Y*: —

MSFT.TO

• 1D: -3.73%
• 1M: 1.39%
• YTD: -13.27%
• 6M: -11.09%
• 1Y: -10.48%
• 3Y*: 5.95%
• 5Y*: —
• 10Y*: —

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

AAPU vs. MSFT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AAPU Direxion Daily AAPL Bull 2X Shares	23.16%	-2.91%	58.45%	68.66%	-32.82%
MSFT.TO Microsoft CDR (CAD Hedged)	-13.27%	18.05%	2.47%	59.91%	-19.61%

Correlation

The correlation between AAPU and MSFT.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.45

Over the past year, the correlation between AAPU and MSFT.TO has dropped to 0.11 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

AAPU vs. MSFT.TO — Risk / Return Rank

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

AAPU

AAPU Risk / Return Rank: 63
AAPU Sharpe Ratio Rank: 70
AAPU Sortino Ratio Rank: 63
AAPU Omega Ratio Rank: 61
AAPU Calmar Ratio Rank: 71
AAPU Martin Ratio Rank: 51

MSFT.TO

MSFT.TO Risk / Return Rank: 26
MSFT.TO Sharpe Ratio Rank: 24
MSFT.TO Sortino Ratio Rank: 22
MSFT.TO Omega Ratio Rank: 22
MSFT.TO Calmar Ratio Rank: 31
MSFT.TO Martin Ratio Rank: 30

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. MSFT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Microsoft CDR (CAD Hedged) (MSFT.TO). 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.

	AAPU	MSFT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.34	-0.40	+2.75
Sortino ratio: Return per unit of downside risk	3.00	-0.40	+3.39
Omega ratio: Gain probability vs. loss probability	1.38	0.95	+0.43
Calmar ratio: Return relative to maximum drawdown	3.62	-0.31	+3.93
Martin ratio: Return relative to average drawdown	8.72	-0.67	+9.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPU vs. MSFT.TO - Sharpe Ratio Comparison

The current AAPU Sharpe Ratio is 2.34, which is higher than the MSFT.TO Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of AAPU and MSFT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAPU	MSFT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	-0.40	+2.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.19	+0.27

Drawdowns

AAPU vs. MSFT.TO - Drawdown Comparison

The maximum AAPU drawdown since its inception was -58.61%, which is greater than MSFT.TO's maximum drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for AAPU and MSFT.TO.

Drawdown Indicators

	AAPU	MSFT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.61%	-42.95%	-15.66%
Max Drawdown (1Y) Largest decline over 1 year	-28.90%	-34.16%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	-58.61%	-34.16%	-24.45%
Current Drawdown Current decline from peak	-3.04%	-21.70%	+18.66%
Average Drawdown Average peak-to-trough decline	-17.69%	-13.94%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.98%	15.78%	-3.80%

Volatility

AAPU vs. MSFT.TO - Volatility Comparison

Direxion Daily AAPL Bull 2X Shares (AAPU) and Microsoft CDR (CAD Hedged) (MSFT.TO) have volatilities of 10.71% and 10.42%, 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.

Volatility by Period

	AAPU	MSFT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	10.42%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	31.79%	23.12%	+8.67%
Volatility (1Y) Calculated over the trailing 1-year period	44.66%	26.11%	+18.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.93%	29.70%	+19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.93%	29.70%	+19.23%

Dividends

AAPU vs. MSFT.TO - Dividend Comparison

AAPU's dividend yield for the trailing twelve months is around 6.90%, more than MSFT.TO's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021
AAPU Direxion Daily AAPL Bull 2X Shares	6.90%	8.66%	14.58%	2.32%	0.79%	0.00%
MSFT.TO Microsoft CDR (CAD Hedged)	0.84%	0.71%	0.73%	0.75%	1.07%	0.18%

Frequently Asked Questions

Can I hold both AAPU and MSFT.TO in my portfolio?

AAPU and MSFT.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.