AAPX vs. NVDL
Compare and contrast key facts about T-Rex 2X Long Apple Daily Target ETF (AAPX) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
AAPX and NVDL 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. 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: AAPX or NVDL.
Correlation
The correlation between AAPX and NVDL is 0.23, 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
AAPX vs. NVDL - Performance Comparison
Key characteristics
AAPX:
0.89
NVDL:
-0.07
AAPX:
1.43
NVDL:
0.70
AAPX:
1.19
NVDL:
1.09
AAPX:
1.18
NVDL:
-0.14
AAPX:
3.20
NVDL:
-0.29
AAPX:
13.66%
NVDL:
26.96%
AAPX:
49.40%
NVDL:
112.27%
AAPX:
-37.06%
NVDL:
-56.62%
AAPX:
-29.46%
NVDL:
-55.12%
Returns By Period
In the year-to-date period, AAPX achieves a -24.35% return, which is significantly higher than NVDL's -42.37% return.
AAPX
-24.35%
-16.37%
-9.66%
46.32%
N/A
N/A
NVDL
-42.37%
-25.62%
-28.99%
-7.96%
N/A
N/A
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AAPX vs. NVDL - Expense Ratio Comparison
AAPX has a 1.05% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
AAPX vs. NVDL — Risk-Adjusted Performance Rank
AAPX
NVDL
AAPX vs. NVDL - 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 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
AAPX vs. NVDL - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 28.36%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 28.36% | 21.46% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
AAPX vs. NVDL - Drawdown Comparison
The maximum AAPX drawdown since its inception was -37.06%, smaller than the maximum NVDL drawdown of -56.62%. Use the drawdown chart below to compare losses from any high point for AAPX and NVDL. For additional features, visit the drawdowns tool.
Volatility
AAPX vs. NVDL - Volatility Comparison
The current volatility for T-Rex 2X Long Apple Daily Target ETF (AAPX) is 17.98%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 29.56%. This indicates that AAPX 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.