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.
Correlation
The correlation between AAPU and NVDL is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAPU vs. NVDL - Performance Comparison
Key characteristics
AAPU:
0.99
NVDL:
-0.07
AAPU:
1.54
NVDL:
0.70
AAPU:
1.20
NVDL:
1.09
AAPU:
1.32
NVDL:
-0.14
AAPU:
3.57
NVDL:
-0.28
AAPU:
13.66%
NVDL:
27.16%
AAPU:
49.14%
NVDL:
112.27%
AAPU:
-41.80%
NVDL:
-56.62%
AAPU:
-28.92%
NVDL:
-54.98%
Returns By Period
In the year-to-date period, AAPU achieves a -23.65% return, which is significantly higher than NVDL's -42.19% return.
AAPU
-23.65%
-13.17%
-9.50%
50.66%
N/A
N/A
NVDL
-42.19%
-9.78%
-30.95%
-5.84%
N/A
N/A
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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 Rank
AAPU
NVDL
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 19.82%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 19.82% | 14.58% | 2.32% | 0.79% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% | 0.00% |
Drawdowns
AAPU vs. NVDL - Drawdown Comparison
The maximum AAPU drawdown since its inception was -41.80%, smaller than the maximum NVDL drawdown of -56.62%. 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 17.90%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 29.33%. 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.