AAPU vs. NUG
AAPU (Direxion Daily AAPL Bull 2X Shares) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. AAPU is passively managed, while NUG is actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. AAPU charges 0.96%/yr vs 0.75%/yr for NUG.
Performance
AAPU vs. NUG - Performance Comparison
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Returns By Period
In the year-to-date period, AAPU achieves a 13.33% return, which is significantly higher than NUG's -37.51% return.
AAPU
- 1D
- -3.64%
- 1M
- -4.76%
- 6M
- 16.42%
- YTD
- 13.33%
- 1Y
- 93.91%
- 3Y*
- 22.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.81%
NUG
- 1D
- 1.11%
- 1M
- 10.48%
- 6M
- -45.39%
- YTD
- -37.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.46M | $84.08M | $76.55M | |
| $94.61K | $94.14K | $127.44K |
AAPU vs. NUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 13.33% | -1.85% |
NUG Leverage Shares 2X Long NU Daily ETF | -37.51% | 9.30% |
Correlation
The correlation between AAPU and NUG is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.22 |
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Return for Risk
AAPU vs. NUG — Risk / Return Rank
AAPU
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AAPU vs. NUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Leverage Shares 2X Long NU Daily ETF (NUG). 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 | NUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | — | — |
| Martin ratioReturn relative to average drawdown | 7.45 | — | — |
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Drawdowns
AAPU vs. NUG - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, smaller than the maximum NUG drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for AAPU and NUG.
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Drawdown Indicators
| AAPU | NUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -66.15% | +7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -58.61% | — | — |
Current DrawdownCurrent decline from peak | -21.19% | -49.45% | +28.26% |
Average DrawdownAverage peak-to-trough decline | -17.30% | -35.32% | +18.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | — | — |
Volatility
AAPU vs. NUG - Volatility Comparison
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Volatility by Period
| AAPU | NUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.65% | 78.79% | -27.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.09% | 78.79% | -28.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 78.79% | -28.70% |
AAPU vs. NUG - Expense Ratio Comparison
AAPU has a 0.96% expense ratio, which is higher than NUG's 0.75% expense ratio.
Dividends
AAPU vs. NUG - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 7.90%, while NUG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 7.90% | 8.66% | 14.58% | 2.32% | 0.79% |
NUG Leverage Shares 2X Long NU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPU and NUG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG is cheaper with a 0.75% expense ratio, compared with 0.96% for AAPU.
AAPU has the higher dividend yield at 7.90%, compared with 0.00% for NUG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.96% for AAPU and 0.75% for NUG.
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