AAPU vs. TQQQ
Compare and contrast key facts about Direxion Daily AAPL Bull 2X Shares (AAPU) and ProShares UltraPro QQQ (TQQQ).
AAPU and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both AAPU and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPU or TQQQ.
Correlation
The correlation between AAPU and TQQQ is 0.70, 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. TQQQ - Performance Comparison
Key characteristics
AAPU:
1.42
TQQQ:
1.37
AAPU:
2.07
TQQQ:
1.84
AAPU:
1.26
TQQQ:
1.25
AAPU:
2.14
TQQQ:
1.55
AAPU:
5.41
TQQQ:
5.79
AAPU:
11.30%
TQQQ:
12.58%
AAPU:
43.00%
TQQQ:
53.25%
AAPU:
-41.79%
TQQQ:
-81.66%
AAPU:
0.00%
TQQQ:
-11.00%
Returns By Period
The year-to-date returns for both investments are quite close, with AAPU having a 64.32% return and TQQQ slightly higher at 65.52%.
AAPU
64.32%
22.55%
41.25%
61.49%
N/A
N/A
TQQQ
65.52%
6.50%
12.39%
66.67%
32.06%
35.36%
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AAPU vs. TQQQ - Expense Ratio Comparison
AAPU has a 1.04% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
AAPU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 13.21%, more than TQQQ's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 13.21% | 2.32% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.88% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
AAPU vs. TQQQ - Drawdown Comparison
The maximum AAPU drawdown since its inception was -41.79%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AAPU and TQQQ. For additional features, visit the drawdowns tool.
Volatility
AAPU vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily AAPL Bull 2X Shares (AAPU) is 8.13%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. This indicates that AAPU experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.