AAPU vs. NVDA
AAPU (Direxion Daily AAPL Bull 2X Shares) is Leveraged Equities fund tracking the Apple Inc. (200%), while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, AAPU returned 23.34%/yr vs 67.12%/yr for NVDA. At a 0.37 correlation, their price movements are largely independent.
Performance
AAPU vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, AAPU achieves a 24.03% return, which is significantly higher than NVDA's 13.70% return.
AAPU
- 1D
- -1.65%
- 1M
- 15.11%
- 6M
- 35.05%
- YTD
- 24.03%
- 1Y
- 98.39%
- 3Y*
- 23.34%
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- 4.06%
- 1M
- 3.22%
- 6M
- 14.13%
- YTD
- 13.70%
- 1Y
- 29.26%
- 3Y*
- 67.12%
- 5Y*
- 62.14%
- 10Y*
- 66.52%
AAPU vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 24.03% | -2.91% | 58.45% | 68.66% | -32.44% |
NVDA NVIDIA Corporation | 13.70% | 38.92% | 171.25% | 239.02% | -17.82% |
Correlation
The correlation between AAPU and NVDA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.37 |
The correlation between AAPU and NVDA shifts across timeframes, from 0.19 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AAPU vs. NVDA — Risk / Return Rank
AAPU
NVDA
AAPU vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.45 | +1.97 |
| Martin ratioReturn relative to average drawdown | 7.86 | 3.13 | +4.73 |
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Drawdowns
AAPU vs. NVDA - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for AAPU and NVDA.
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Drawdown Indicators
| AAPU | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -89.72% | +31.11% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -20.21% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -58.61% | -36.88% | -21.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -2.35% | -10.05% | +7.70% |
Average DrawdownAverage peak-to-trough decline | -17.48% | -36.11% | +18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.57% | 9.38% | +3.19% |
Volatility
AAPU vs. NVDA - Volatility Comparison
Direxion Daily AAPL Bull 2X Shares (AAPU) has a higher volatility of 19.69% compared to NVIDIA Corporation (NVDA) at 11.33%. This indicates that AAPU's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPU | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.69% | 11.33% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 37.48% | 27.64% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.02% | 35.88% | +12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.40% | 51.89% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.40% | 49.91% | -0.51% |
Dividends
AAPU vs. NVDA - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 7.22%, more than NVDA's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 7.22% | 8.66% | 14.58% | 2.32% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
AAPU and NVDA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPU has higher volatility (19.69%) compared to NVDA (11.33%). In terms of maximum drawdown, AAPU dropped -58.61% vs NVDA's -89.72%.
AAPU currently has the higher Sharpe Ratio (2.06 vs 0.82), 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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