AAPX vs. AAPB
Compare and contrast key facts about T-Rex 2X Long Apple Daily Target ETF (AAPX) and GraniteShares 2x Long AAPL Daily ETF (AAPB).
AAPX and AAPB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. AAPB is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPX or AAPB.
Correlation
The correlation between AAPX and AAPB is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAPX vs. AAPB - Performance Comparison
Key characteristics
AAPX:
0.36
AAPB:
0.40
AAPX:
0.82
AAPB:
0.87
AAPX:
1.10
AAPB:
1.11
AAPX:
0.52
AAPB:
0.52
AAPX:
1.15
AAPB:
1.31
AAPX:
14.41%
AAPB:
14.16%
AAPX:
46.09%
AAPB:
46.00%
AAPX:
-31.43%
AAPB:
-47.65%
AAPX:
-26.52%
AAPB:
-26.19%
Returns By Period
The year-to-date returns for both investments are quite close, with AAPX having a -21.19% return and AAPB slightly higher at -20.82%.
AAPX
-21.19%
-24.07%
-2.45%
12.33%
N/A
N/A
AAPB
-20.82%
-24.03%
-1.04%
14.47%
N/A
N/A
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AAPX vs. AAPB - Expense Ratio Comparison
AAPX has a 1.05% expense ratio, which is lower than AAPB's 1.15% expense ratio.
Risk-Adjusted Performance
AAPX vs. AAPB — Risk-Adjusted Performance Rank
AAPX
AAPB
AAPX vs. AAPB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) and GraniteShares 2x Long AAPL Daily ETF (AAPB). 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
AAPX vs. AAPB - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 27.22%, while AAPB has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 27.22% | 21.46% | 0.00% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 0.00% | 0.00% | 18.75% |
Drawdowns
AAPX vs. AAPB - Drawdown Comparison
The maximum AAPX drawdown since its inception was -31.43%, smaller than the maximum AAPB drawdown of -47.65%. Use the drawdown chart below to compare losses from any high point for AAPX and AAPB. For additional features, visit the drawdowns tool.
Volatility
AAPX vs. AAPB - Volatility Comparison
T-Rex 2X Long Apple Daily Target ETF (AAPX) and GraniteShares 2x Long AAPL Daily ETF (AAPB) have volatilities of 15.24% and 15.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.