BEG vs. AAPU

Last updated Jun 4, 2026

BEG (Leverage Shares 2X Long BE Daily ETF) and AAPU (Direxion Daily AAPL Bull 2X Shares) are both Leveraged Equities funds. BEG is actively managed, while AAPU is passively managed. At a 0.15 correlation, their price movements are largely independent. BEG charges 0.75%/yr vs 1.04%/yr for AAPU.

Performance

BEG vs. AAPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BE Daily ETF (BEG) and Direxion Daily AAPL Bull 2X Shares (AAPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEG achieves a 552.25% return, which is significantly higher than AAPU's 23.16% return.

BEG

• 1D: -9.38%
• 1M: -7.23%
• YTD: 552.25%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPU

• 1D: -3.04%
• 1M: 24.81%
• YTD: 23.16%
• 6M: 11.93%
• 1Y: 104.11%
• 3Y*: 25.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEG vs. AAPU - Yearly Performance Comparison

	2026 (YTD)	2025
BEG Leverage Shares 2X Long BE Daily ETF	552.25%	-5.55%
AAPU Direxion Daily AAPL Bull 2X Shares	23.16%	-2.30%

Correlation

The correlation between BEG and AAPU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.15

Return for Risk

BEG vs. AAPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPU

AAPU Risk / Return Rank: 63
AAPU Sharpe Ratio Rank: 70
AAPU Sortino Ratio Rank: 63
AAPU Omega Ratio Rank: 61
AAPU Calmar Ratio Rank: 71
AAPU Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEG vs. AAPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BE Daily ETF (BEG) and Direxion Daily AAPL Bull 2X Shares (AAPU). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEG	AAPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	24.77	0.46	+24.32

Drawdowns

BEG vs. AAPU - Drawdown Comparison

The maximum BEG drawdown since its inception was -59.85%, roughly equal to the maximum AAPU drawdown of -58.61%. Use the drawdown chart below to compare losses from any high point for BEG and AAPU.

Drawdown Indicators

	BEG	AAPU	Difference
Max Drawdown Largest peak-to-trough decline	-59.85%	-58.61%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.61%	—
Current Drawdown Current decline from peak	-13.90%	-3.04%	-10.86%
Average Drawdown Average peak-to-trough decline	-16.14%	-17.69%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.98%	—

Volatility

Volatility by Period

	BEG	AAPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	213.85%	44.66%	+169.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.85%	48.93%	+164.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.85%	48.93%	+164.92%

BEG vs. AAPU - Expense Ratio Comparison

BEG has a 0.75% expense ratio, which is lower than AAPU's 1.04% expense ratio.

Dividends

BEG vs. AAPU - Dividend Comparison

BEG has not paid dividends to shareholders, while AAPU's dividend yield for the trailing twelve months is around 6.90%.

Position	TTM	2025	2024	2023	2022
AAPU Direxion Daily AAPL Bull 2X Shares	6.90%	8.66%	14.58%	2.32%	0.79%
BEG Leverage Shares 2X Long BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEG and AAPU in my portfolio?

BEG and AAPU have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEG or AAPU?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEG or AAPU?

BEG is cheaper with a 0.75% expense ratio, compared with 1.04% for AAPU.

Which ETF pays a higher dividend yield, BEG or AAPU?

AAPU has the higher dividend yield at 6.90%, compared with 0.00% for BEG.

What is the main difference between BEG and AAPU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for BEG and 1.04% for AAPU.