AAPU vs. NVDL
Compare and contrast key facts about Direxion Daily AAPL Bull 2X Shares (AAPU) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
AAPU and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPU or NVDL.
Key characteristics
| AAPU | NVDL | |
|---|---|---|
| YTD Return | 29.69% | 278.88% |
| 1Y Return | 45.99% | 312.77% |
| Sharpe Ratio | 1.20 | 3.14 |
| Daily Std Dev | 40.01% | 99.93% |
| Max Drawdown | -41.79% | -51.40% |
| Current Drawdown | -12.29% | -33.63% |
Correlation
The correlation between AAPU and NVDL is 0.41, 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. NVDL - Performance Comparison
In the year-to-date period, AAPU achieves a 29.69% return, which is significantly lower than NVDL's 278.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAPU vs. NVDL - Expense Ratio Comparison
AAPU has a 1.04% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
AAPU vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 1.99%, less than NVDL's 2.98% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 1.99% | 2.32% | 0.79% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.98% | 11.29% | 0.00% |
Drawdowns
AAPU vs. NVDL - Drawdown Comparison
The maximum AAPU drawdown since its inception was -41.79%, smaller than the maximum NVDL drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for AAPU and NVDL. For additional features, visit the drawdowns tool.
Volatility
AAPU vs. NVDL - Volatility Comparison
The current volatility for Direxion Daily AAPL Bull 2X Shares (AAPU) is 8.71%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 37.66%. This indicates that AAPU experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.